The business of Formula One.pdf

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September 21 2012
The Business of
Wide open
Vettel and Alonso among
six who could take crown
Formula One
Corporate hub
How deals are done at
the Singapore Grand Prix
Inside Ferrari
A rare look inside the
Maranello headquarters
supported by
a b
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foreword
Racing ahead
MuchhaschangedinthefouryearssincetheSingapore
GrandPrix–whichtakesplacethisweekend–madeits
FormulaOnedebut.
InSeptember2008,theshitinthissporttowardsthegrowth
marketsofAsiawasmuchlessdeinedthanitistoday, the
efectsoftheinancialcrisishadyettoilterthroughanda
youngSebastianVettelwasdrivingforthejuniorToro Rosso
teamanddreamingofworldtitles.
ThetransformationofthenightraceinSingaporefrom
newcomertooneofthemostanticipatedGrandPrixofthe
seasonsumsupthefastpaceofthesport–andrevealsan
importantreasonbehindF1’s continuedsuccessinthe
businessofmakingmoney.
AsJeremy Grantexplains,farfrombeingjustanothercar
race,theSingaporeGrandPrixisaplatformforexecutivesfrom
acrossAsiaandbeyondtomeet,talk,strikedealsandenjoy
expensive dinners.AsTony Fernandes,chiefexecutive oflow-
costcarrierAirAsia,says:“TheamountofbusinessI’ve doneby
networking[attheevent]ismassive.”
Andyetinotherways,F1remainsconstant.Thesport’s
obsessionwithincreasingrevenueshasneverchanged,while
today, aswasthecasefouryearsago, speculationcontinues
aboutwhatCVC,theprivateequitygroup, willdowithitsstake.
TheintrigueandpoliticalmanoeuvringatthetopofF1is
alsoverymuchasithasalwaysbeen,whilethebigplayers–
includingBernieEcclestone,SirFrankWilliamsandStefano
Domenicali–have remainedunchangedforyears.
Ecclestone,perhapsunsurprisingly, isaconstantpresence
inthismagazine–atestamenttotheinluencethe81-year-old
exertsoverasporthehashelpedtotransform.AndDomenicali,
asJohnReeddiscoverswhenhemettheFerrariF1bossat
theteam’s Maranelloheadquarters,isfarfromthe“rakish
Italianracedriver”hehadbeenexpecting,butan“amiable,
bespectacledandstraightforward businessman”whostudied
businessadministrationattheUniversityofBologna.
Withsevenracesstilltorunthisseason,thechampionship
isalsoonaknifeedge,withasmanyassixdriversstillscenting
victory. Amidallthenoisethrownupbythemoney-making,
politicsanddealsbeingstruck,itisworthrememberingthereis
stillanF1worldtitletobewon. n
ONTHECOVER
ReigningF1
worldchampion
Sebastian
Vettelatthe
2012Hungarian
GrandPrix
Robert Orr
Commissioning editor
ft.com/f1 | 3
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BUSINESS OF
FORMULA ONE
CONTENTS
28
6
FINANCES
Formula One has a rare talent for
making money as it continues to
push into new markets
10
RACING
Changes to the sport’s rules
and the introduction of a new
tyre supplier have had a
significant impact
14
LEADERSHIP
Bernie Ecclestone has made
F1 the force that it is today,
but the 81-year-old still faces
challenges
18
TEAMS
The FT is given a rare tour of
Ferrari’s racing car division
headquarters at Maranello in Italy
24
SINGAPORE
The biggest companies in the
region gather annually to do
business during the Singapore
Grand Prix
28
DRIVERS
How does the current crop
of drivers compare with the
iconic groups of racers of F1’s
earlier years?
10
34
INTERVIEW
Despite five decades in
motorsport, Sir Frank Williams
shows no sign of slowing down
38
WOMEN DRIVERS
Talented women are making
inroads into the male-dominated
world of motorsport – on and off
the track
42
ARCHITECTURE
Hermann Tilke is the only name
in town when it comes down to
creating F1 circuits
42
44
INTERVIEW
Gerard Lopez, founding partner
of the Genii Group, uses the Lotus
F1 team to help grow his other
business interests
38
4 | FT.COM/F1
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Special reports editor Michael Skapinker
Editor Hugo Greenhalgh
Commissioning editor Robert Orr
Art director Derek Westwood
Production editors George Kyriakos,
Jearelle Wolhuter
Picture editors Michael Crabtree,
John Wellings
Graphics Russell Birkett
Intern Hesham Zakai
Publisher, EMEA Dominic Good
Head of strategic sales Patrick Collins
Head of project delivery Rachel Harris
Advertising Sarah Keith, Ceri Williams
Advertising production Daniel Lesar
18
CONTRIBUTORS
JAMES ALLEN is the F1 commentator
for BBC Radio Five Live
ROGER BLITZ is the FT’s consumer
industries correspondent
SIMON GRAY is a freelance journalist
DOMINIC BLISS is a freelance journalist
ROGER BAIRD is a freelance journalist
JEREMY GRANT is the FT’s Asia regional
corporate correspondent
JOHN REED is the FT’s motor industry
correspondent
EDWIN HEATHCOTE is the FT’s
architecture critic
44
All editorial content in this report is
produced by the FT. Our advertisers have
no influence over, or prior sight of, the
print and online material.
MORE ON
WWW.FT.COM/F1
To read more on the FT’s coverage of
the business behind Formula One motor
racing visit the website at www.ft.com/F1
24
FT.COM/F1 | 5
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Zgłoś jeśli naruszono regulamin