In the distant past, Formula 1’s future and governance was a point of major contention between FISA, FOCA Garagistas and Grandees. The concept of a race was used to wrest the control of the sport away from FISA and eventually end up on the desk of the FIA president which would become Max Mosley. It’s a long story and can be best understood by reading Max’s autobiography or the book called, “Bernie”. Regardless, the reason I mention it is that part of Bernie Ecclestone’s rise to power in F1 was his willingness to take risk and make investments with big returns. One of the things he did was to step into the void the teams left with regards to organizing races and taking the risk...
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