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Recent Posts

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Must be doing something right, rumors are circulating that Liberty wants to buy Moto GP now.
I would feel a lot better about the "investigation" if someone besides Red Bull had done it. After all, R/B has a vested interest in clearing Horner.
One of the oldest rules of accounting is "Figures don't lie but liars can figure." How many times in recent years have major businesses post huge profits right up to the day they collapsed?
They're using accounting words.  'Revenue' just means how much money they took in, not factoring money out.  If I win a million dollars in the lottery and buy a 2 million dollar home (a modest fixer upper in Toronto), then my revenue is still 1 million dollars.

The next trick is 'operating profit', which means the amount of money they made from operations (i.e., television fees, track fees, licensing deals) less the direct costs (paying people who make TV contracts, collect track fees and enforce licensing deals).  It ignores their capital costs, any non operational write downs.

No where are they mentioning 'net profit'.

However, as a business they're allowed to make investments that cause a short term loss (i.e., building out the Las Vegas infrastructure) with the promise of long term profits.

It's all very complicated compared with the simple problems like designing a race car that is 1 tenth of a second faster than any other car over 5 km.
General F1 Discussion / Re: Christian Horner F1 RBR team principal cleared by inquiry
« Last post by rmassart on February 29, 2024, 05:37:29 AM »
I never really liked Horner, but I am glad he was cleared, because I just have to believe someone in that position in F1 would not use "controlling behaviour" to a staff member. I know that that is bit hopeful, but anyway.

On the other hand, if you are going to accuse the leader of the currently most successful team in F1 of controlling behaviour you would surely provide some evidence. Controlling behaviours is very broad term, in fact almost meaningless in the context. But for RedBull to publicly launch an investigation it means they must have felt it was serious.

The whole process has done RedBull no favours. It is strange that they announced the investigation, but other than that we have no further information. Not even a conclusion to go along with the outcome. There is something odd here.
Not sure Las Vegas added that much to record income, in fact it may really have made a loss if building & set up costs are applied properly, but Liberty still bigging it up.  :swoon:
Most of us though can take it or leave it - Las Vegas race that is. ;)
Other Sports / NASCAR: Crazy Close 3 way finish across line at Atlanta
« Last post by John S on February 28, 2024, 09:23:37 PM »
The final lap was a jaw-dropping three-wide battle as Suarez, Ryan Blaney, and Kyle Busch hurtled towards the finish line.  :crazy: :crazy: :crazy:

But who got the nod for victory by 0.003 seconds???  :D

Watch from 11.45 on highlights vid below to find out.
Wow is the finish Cool!!!!  8)

General F1 Discussion / Re: Christian Horner F1 RBR team principal cleared by inquiry
« Last post by Dare on February 28, 2024, 08:40:42 PM »
Has who filed the complaint ever been leaked?
Cool Stuff / Re: Max Verstappen vs World's Fastest Drone
« Last post by Jericoke on February 28, 2024, 06:24:17 PM »
It really showed how loose the car got on some of the corners.

Helps you appreciate how much on the edge Max really is.  He's not just in the fastest car, but he's getting the absolute most out of the fastest car.
Cool Stuff / Re: Max Verstappen vs World's Fastest Drone
« Last post by cosworth151 on February 28, 2024, 05:06:56 PM »
That is wild! The fact that the run was in the rain was a real plus. It really showed how loose the car got on some of the corners.

The FIA later deleted the drone's lap time for exceeding track limits.  ;) 
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