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Celena Liau Faridah Evelyn Wong Tay Hui Min MinJeong |
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 15 December 2010 @ 8:28 PMFormula 1, Is it beneficial or not?
  Formula One is a massive television event, with an aggregate global audience of 600 million people for each race. With annual spending totaling billions of US dollars, Formula One's economic effect is significant, and its financial and political battles are widely covered. Its high profile and popularity make it an obvious merchandising environment, which leads to very high investments from sponsors, translating into extremely high budgets for the constructors. However, mostly since 2000, due to the always increasing expense, several teams, including works teams from car makers and those teams with minimal support from the automotive industry, have gone bankrupt or been bought out by companies wanting to establish a team within the sport; these buyouts are also influenced by Formula One limiting the number of participant teams. In my opinion, even though F1 has disadvantages as well as advantages, it is true that F1 has still a lot of enthusiastic fans and it is so profitable. So, I think it is worth to be in Singapore. Posted by Minjeong (MJ) |
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