formula one the most expensive sport/motorsport in the world is having financial trouble. i was watching bbc america news this morning, and i saw a story that honda is pulling out of formula one and selling the factory team if they can find someone to buy it, if not they will liquidate it.
honda has sucked the last couple of years in formula one, so i can't say i'm surprised, but it holds a bigger meaning. all car companies around the world are hurting for sales. without sales spending hundreds of millions a year on motorsports seems pretty stupid. i fear it won't be long before we see more cuts......
for example indy car has honda motors. i think it's very possible, if things keep getting worse that honda will pull out of indy car.
nascar. need i say more. the detroit three are the big players in this sport. i think it won't be long before they pull all sponsorship from the teams, tv ads, etc..
sports cars....they may hold out since they are much smaller dollar amounts, but who knows....
it's not going to be a great racing season this year. i'm starting to fear this recession will turn into either a depression or massive super inflation, or something similar. either way my gut is telling me this downturn/crash is going to be much longer and harsher than we realize? let's hope my gut is wrong.
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