F1 » CVC losses rise as teams enjoy greater spoils


While the twelve F1 teams share $658m for their 2010 endeavours, F1 owner CVC continues to see its debts mount up.

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Cobalt

April 07, 2011 11:04 AM

CVC doesnt operate at a loss. This article is missleading. They are making huge profit!

Everyone that bought something (eg. house) by borrowing from a bank (mortgage) will be in the red for years but in the end they will own valuable asset.

Dont be sorry for CVC just yet:rolleyes:

chrian - Unregistered

April 07, 2011 10:05 PM

Motor Racing, especially at this level, is, and has been for a couple of decades, been a great way to launder money for many people and many corporations. Nothing new here.

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