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Nice work if you can get it

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Old 05-25-2001, 06:42 AM
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From yesterday's newspaper:

"Michael Schumacher: Three-time Forumula One world champion extends contract with Ferrari through 2004 at estimated $62 million per year."
Old 05-25-2001, 06:49 AM
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[QUOTE]Originally posted by TFota
[B]From yesterday's newspaper:

"Michael Schumacher:
Old 05-25-2001, 07:14 AM
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I'm going to call Ferrari
Old 05-25-2001, 09:48 AM
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Big deal, that's onlyabout 350 Modenas. . . a year!
Old 05-25-2001, 05:45 PM
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Shoot, I'd do it just for a new one.
Old 05-26-2001, 12:25 PM
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No wonder Ferraris are so expensive
Old 05-26-2001, 03:14 PM
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$62 mil a year? Man, that means Ferrari is making big bucks from racing in F1.
Old 05-26-2001, 07:18 PM
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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
Old 05-26-2001, 07:19 PM
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My apologies to the non-americans, football.
Old 05-26-2001, 09:28 PM
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So how do the manufacturers earn money? Sponsorship?


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