From yesterday's newspaper:
"Michael Schumacher: Three-time Forumula One world champion extends contract with Ferrari through 2004 at estimated $62 million per year." |
[QUOTE]Originally posted by TFota
[B]From yesterday's newspaper: "Michael Schumacher: |
I'm going to call Ferrari
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Big deal, that's onlyabout 350 Modenas. . . a year!
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Shoot, I'd do it just for a new one.
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No wonder Ferraris are so expensive :)
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$62 mil a year? Man, that means Ferrari is making big bucks from racing in F1.
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F1 is big money. So big that a bunch of the companies are going to try and start a rival (*cough* IRL *cough*) because a cable TV company bought a controlling share. F1 and Soccer are *the* sports in Europe.
Unlike NASCAR, racing in F1 (CART is similar) has a lot of payoffs in R&D, although paying your driver $62 mil seems extravagant. Oh wait, it's Ferrari, extravagance is expected :) |
My apologies to the non-americans, football.
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So how do the manufacturers earn money? Sponsorship?
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