- Feb 10, 2010
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The sport the UCI constantly defers to, Formula One turns out to be a mess and getting worse. http://www.theguardian.com/sport/blog/2014/oct/27/us-grand-prix-formula-one-mario-andretti-f1
Now, against a background of spiralling costs, unequal payments to teams, falling crowds and TV audiences, as well as declining sponsorship and no agreement about capping costs, the sport has reached the point of no return.
Meanwhile, Bernie and his friends have been siphoning revenues.
CVC has made an estimated $8.2bn from its investment in Formula One since 2006 but its profits have not been reinvested in the sport.
Wait a minute, that's EXACTLY what the UCI is doing! Under the table.
Now, against a background of spiralling costs, unequal payments to teams, falling crowds and TV audiences, as well as declining sponsorship and no agreement about capping costs, the sport has reached the point of no return.
Meanwhile, Bernie and his friends have been siphoning revenues.
CVC has made an estimated $8.2bn from its investment in Formula One since 2006 but its profits have not been reinvested in the sport.
Wait a minute, that's EXACTLY what the UCI is doing! Under the table.
