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Formula 1 Chief Tells it like it is
Formula One boss Bernie Ecclestone has reiterated his plan to move the sport further into the Asia and American markets. However, this will come at the expense of some of F1’s European races.
This is a multi-billion $$$ business that operates world-wide talking. What makes this so startling is that F1 started in Europe.
He told the German magazine, Max: “We will have to cancel some of the European races sooner or later. Our sponsors want us in growing markets – and Europe isn’t a growing market. As I see it, Europe will be part of the third world in 10 years, while Asia and America will be dominating the world. We must be established there.”
Third World in 10 year!!!!
Posted by: SamIII 2004-01-09
http://www.rantburg.com/poparticle.php?ID=24046