2024 Formula 1 Season thread

[JustinePaula]

I have been around long enough to know certain things, one of the problems with big events, Olympics, Fifa, Rugby, F1, is that they have draconian requirements, one of which is to prevent "ambush" marketing/promotion, for example, they will not allow one brand of diabetes cola to be sold/advertised within an exclusion zone as the other diabetes cola is the provider, and if some random merchant happens to wander by, all sorts of legals happens.. That does not help...

Look at the muppets in Vegas, with the blockout on the bridges, the mafia style threats and lawsuits promised if you have a view you did not pay for.. You think the country makes money from selling the ratty shirts and slimy hats at COTA. That all 100% goes to Liberty, or FIFA, the IOC...

The country spends a shipload and gains nothing out of the deal, no tax revenue, the locals are forced out by tv crew from the host broadcaster, the last hold out was Monaco, they were "fired" and now it is FOM, who do as bad a job, if not worse than locals...

Major events are a parasite on the local economy, very few stand to make anything out of the deal, pricing for the events, drink/food pricing insane.. It is really a huge mess, and only getting worse, and is it sustainable? For how long until at some point it implodes? This worries me, I just am not sure those that promote/own the events care..

 

[danny842003]

I have been around long enough to know certain things, one of the problems with big events, Olympics, Fifa, Rugby, F1, is that they have draconian requirements, one of which is to prevent "ambush" marketing/promotion, for example, they will not allow one brand of diabetes cola to be sold/advertised within an exclusion zone as the other diabetes cola is the provider, and if some random merchant happens to wander by, all sorts of legals happens.. That does not help...

Look at the muppets in Vegas, with the blockout on the bridges, the mafia style threats and lawsuits promised if you have a view you did not pay for.. You think the country makes money from selling the ratty shirts and slimy hats at COTA. That all 100% goes to Liberty, or FIFA, the IOC...

The country spends a shipload and gains nothing out of the deal, no tax revenue, the locals are forced out by tv crew from the host broadcaster, the last hold out was Monaco, they were "fired" and now it is FOM, who do as bad a job, if not worse than locals...

Major events are a parasite on the local economy, very few stand to make anything out of the deal, pricing for the events, drink/food pricing insane.. It is really a huge mess, and only getting worse, and is it sustainable? For how long until at some point it implodes? This worries me, I just am not sure those that promote/own the events care..

I’m not sure any of that’s true. I’m going to Singapore this September. I’ve already spent $2000 on Singapore airlines flights, $4000 on hotels and I’ve not even set foot in the country.
I assume the tickets had some form of GST on them that the government gets.
We will spend thousands whilst we’re there I’m sure.

 

[The-Real-Deal82]

I’m not sure any of that’s true. I’m going to Singapore this September. I’ve already spent $2000 on Singapore airlines flights, $4000 on hotels and I’ve not even set foot in the country.
I assume the tickets had some form of GST on them that the government gets.
We will spend thousands whilst we’re there I’m sure.

Wow, a local travel agent to me had an offer for the Singapore GP this year for flights, hotel (4*) and transfers for £1860. My wife was trying to encourage my dad and me to go but neither of us like the humidity and my Dad is terrified of flying lol. Are you staying in the Marina Bay Sands Resort or something?? 😲

 

[danny842003]

Wow, a local travel agent to me had an offer for the Singapore GP this year for flights, hotel (4*) and transfers for £1860. My wife was trying to encourage my dad and me to go but neither of us like the humidity and my Dad is terrified of flying lol. Are you staying in the Marina Bay Sands Resort or something?? 😲

It’s for two of us and AUD. It’s a 5* hotel and 6 nights. Singapore is expensive at the best of times.
We got turn 2 grandstand tickets which are the most expensive ‘normal’ tickets.

 

[The-Real-Deal82]

It’s for two of us and AUD. It’s a 5* hotel and 6 nights. Singapore is expensive at the best of times.
We got turn 2 grandstand tickets which are the most expensive ‘normal’ tickets.

That makes sense. My days of attending a GP are over I think, I've been to quite a few and done the paddock club thing a couple of times, but its silly money just for general admission these days for Silverstone. I've seen Senna and Prost in the flesh and watched Lewis win in the wet in 2008, so I've ticked it off my bucket list. If I ever go again it will be to Spa, but unlikely.

You'll have a great time by the sounds of it.

 

[danny842003]

That makes sense. My days of attending a GP are over I think, I've been to quite a few and done the paddock club thing a couple of times, but its silly money just for general admission these days for Silverstone. I've seen Senna and Prost in the flesh and watched Lewis win in the wet in 2008, so I've ticked it off my bucket list. If I ever go again it will be to Spa, but unlikely.

You'll have a great time by the sounds of it.

It’s a week after my 40th and we met in Singapore so it’s a bit of a one off.
Might make Melbourne or Hanoi if it ever happens but that’s probably it.

 

[Pezimak]

😂🤣😂🤣😂🤣🤦‍♂️🤦‍♂️🤦‍♂️ future of motorsport.. oh and from 2026 here in the UK we will have fully autonomous driving apparently..

 

[Pezimak]

I’m not sure any of that’s true. I’m going to Singapore this September. I’ve already spent $2000 on Singapore airlines flights, $4000 on hotels and I’ve not even set foot in the country.
I assume the tickets had some form of GST on them that the government gets.
We will spend thousands whilst we’re there I’m sure.

I am officially jealous. Would love to go and watch that race.

 

[pachyderm]

McLaren unveil special Ayrton Senna-inspired livery for 2024 Monaco Grand Prix​

 

[Apple fanboy]

McLaren unveil special Ayrton Senna-inspired livery for 2024 Monaco Grand Prix​

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Let’s hope it inspires Lando to qualify in front of Max. Then the win is in the bag.

 

[pachyderm]

Let’s hope it inspires Lando to qualify in front of Max. Then the win is in the bag.

It's beautiful...

 

[Glideslope]

For anyone still under the impression that F1 is welcoming toward women.

Maternity leave inclusion a concern in new $220 million F1 cost cap proposal

www.autosport.com

 

[danny842003]

For anyone still under the impression that F1 is welcoming toward women.

Maternity leave inclusion a concern in new $220 million F1 cost cap proposal

www.autosport.com

I don’t think that story means what you think it does.
Teams don’t want to include maternity leave in the future cost cap this is so there won’t be a chance to discriminate. I’m not sure that’s a negative.

 

[CWallace]

Not a great headline, to be honest. As the article notes, in exchange for significantly raising the annual cost cap under the next Concorde Agreement, the FIA wants many items that are not considered as part of the current cost cap to be included.

As danny842003 noted, the concern is that some of these items, which includes parental leave and team entertainment budgets, might be scrapped by some teams in favor of allocating that money towards car development.

So the desire appears to be to continue to keep them outside the new cost cap, as is the current case.

 

[Glideslope]

I don’t think that story means what you think it does.
Teams don’t want to include maternity leave in the future cost cap this is so there won’t be a chance to discriminate. I’m not sure that’s a negative.

Thanks. I did go back and revisit the article. I can see your analysis. I need to not be so cynical at times.

 

[The-Real-Deal82]

So the sport are putting maternity leave into the cost cap which inadvertently could reduce the number of women under 45 years old, employed by teams if they want to remove risk. Then again men can take paternity leave too so this could affect everybody. After a certain time maternity pay finishes and the statutory pay isn’t paid by the teams anyway. Why not just lower the cost cap?

 

[danny842003]

So the sport are putting maternity leave into the cost cap which inadvertently could reduce the number of women under 45 years old, employed by teams if they want to remove risk. Then again men can take paternity leave too so this could affect everybody. After a certain time maternity pay finishes and the statutory pay isn’t paid by the teams anyway. Why not just lower the cost cap?

Men can but most don’t. Just easier to leave it outside there’s no sporting advantage and the teams could chose to offer more than the government mandated minimum.

 

[JustinePaula]

There is a thing, a tool, that a lot of folks use, it is called "insurance" every team pays say $100 per worker per month to the FIA, the FIA buys a policy for maternity, as it is not going to happen every month, and if a staff member happens to need leave, it is paid from the insurance, really this is a solved problem.. Re-insurers would love to cover this as it is for them profit, you have income and compound interest accrue on this account, then once in a while, you withdraw, really why this is an issue speaks to the lack of adults in F1, sorry but F1/Liberty/FIA lack the adult in the room...This is such a non issue, so what if it costs $1m per bun, how many buns are going to be in the oven in a given season? The fines from going 0.1 kph over the limit would pay for at least 1 year of premiums for 1 member, all the fines, really.. Can the F1 industry start investing in the hiring of sane rational adults??

 

[danny842003]

There is a thing, a tool, that a lot of folks use, it is called "insurance" every team pays say $100 per worker per month to the FIA, the FIA buys a policy for maternity, as it is not going to happen every month, and if a staff member happens to need leave, it is paid from the insurance, really this is a solved problem.. Re-insurers would love to cover this as it is for them profit, you have income and compound interest accrue on this account, then once in a while, you withdraw, really why this is an issue speaks to the lack of adults in F1, sorry but F1/Liberty/FIA lack the adult in the room...This is such a non issue, so what if it costs $1m per bun, how many buns are going to be in the oven in a given season? The fines from going 0.1 kph over the limit would pay for at least 1 year of premiums for 1 member, all the fines, really.. Can the F1 industry start investing in the hiring of sane rational adults??

Why would they make this convoluted scheme rather than just excluding it from the cap?
FYI a team of 1000 would be paying 100,000 a month under your plan. It doesn’t make any sense.

 

[JustinePaula]

Why would they make this convoluted scheme rather than just excluding it from the cap?
FYI a team of 1000 would be paying 100,000 a month under your plan. It doesn’t make any sense.

Whatever the premium, what it buys is not your problem, by that I mean it is not the team's problem, it is insurance, it could be part of a larger product... It could be $10 a month, the point is, it is a very small investment by all the teams, for the benefit of all the teams, for example we have a "medical aid" here, in that plan, you pay for a lot of services, and included are the "one off" events, amputations, pregnancy, cardiac care-heart bypass for example.. A large pool of clients pay for the insurance, this money is pooled, invested, purchased by the re-insurer, as they are unlikely to pay every day...

For example when the ship wedged itself in the Suez Canal, it was insured, and there was a payout, the re-insurer did not care, so what it as $900 million, they had that covered, it was a once off event, no issues..paid..

If you have say total 50 000 workers across the whole F1 team including Liberty/F1-to lowest tear say 100 000, each team pays $10 per employee, per month, you are not likely to have 100 000 off pregnant every month.. But the money sits, it attracts interest and compound interest, etc.. The point is, this is a solved problem, why the toddlers running the sport don't get it, is the problem we really need adults in the industry..

 

[danny842003]

Whatever the premium, what it buys is not your problem, by that I mean it is not the team's problem, it is insurance, it could be part of a larger product... It could be $10 a month, the point is, it is a very small investment by all the teams, for the benefit of all the teams, for example we have a "medical aid" here, in that plan, you pay for a lot of services, and included are the "one off" events, amputations, pregnancy, cardiac care-heart bypass for example.. A large pool of clients pay for the insurance, this money is pooled, invested, purchased by the re-insurer, as they are unlikely to pay every day...

For example when the ship wedged itself in the Suez Canal, it was insured, and there was a payout, the re-insurer did not care, so what it as $900 million, they had that covered, it was a once off event, no issues..paid..

If you have say total 50 000 workers across the whole F1 team including Liberty/F1-to lowest tear say 100 000, each team pays $10 per employee, per month, you are not likely to have 100 000 off pregnant every month.. But the money sits, it attracts interest and compound interest, etc.. The point is, this is a solved problem, why the toddlers running the sport don't get it, is the problem we really need adults in the industry..

Okay but what problem is this solving? This is an issue every business in the UK has to deal with it’s not specific to F1.
You’re creating an issue that doesn’t exist.
Just exclude from the cap and it’s job jobbed.

 

[cyb3rdud3]

Okay but what problem is this solving? This is an issue every business in the UK has to deal with it’s not specific to F1.
You’re creating an issue that doesn’t exist.
Just exclude from the cap and it’s job jobbed.

Exactly, and not just in the UK, in other countries as well with different laws. No need for odd schemes like that when there is existing local legislation to needs to be adhered to. It is already solved, and as you say by excluding it, it is done.

 

[danny842003]

Exactly, and not just in the UK, in other countries as well with different laws. No need for odd schemes like that when there is existing local legislation to needs to be adhered to. It is already solved, and as you say by excluding it, it is done.

I assumed so but couldn’t speak for Italy and Switzerland.

 

[JustinePaula]

Actually the rate could be adjusted so that a portion of the super licence, and other fees pay for certain claims, the idea is to provide relief for teams that might not be in F1, but lower down, within the greater FIA structure, so if a team in the lower rungs pays $0.50, F1 teams pay $10, the lower rung claims are covered, the point is to provide a reliable method to provide cover, as maternity not only means mom off work, it also affects a new hire, the costs of finding a replacement, of providing training or other support, maybe there are complications, having universal cover provides stability within the industry.

 

[The-Real-Deal82]

Men can but most don’t. Just easier to leave it outside there’s no sporting advantage and the teams could chose to offer more than the government mandated minimum.

Men usually take a minimum 3 weeks off in my experience. From the last 3 companies I’ve worked for that’s been about average. Now they could take months off if they wanted. Imagine either of those during a competitive season.