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Think it's all been said above.
Owning an F1 team and a premiership team seems to be a todger waving exercise for some rather than a genuine love of the sport, look how rich I am, I've got a premiership team.
The bubble has yet to burst in the EPL but F1 is going back to small grids again, I do do feel some sympathy for these teams as they thought they were joining under a much more cost effective business model and were pretty much screwed from day one.