MPH: Mark Hughes on...
...The bad news and good news
Given the headlines of global economic meltdown, the travails of Formula One seem fairly insignificant. But the two are linked, and actually it could lead F1 to a better place.
The economy has crashed as a result of bankers for the last 20-odd years funding borrowing from expected returns which have faltered, leaving them with way more debt than capital. During the same period F1 has funded its own spectacular growth based on future goodwill and income streams that may soon not be there.
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