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Politics : World Affairs Discussion

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To: Chas. who wrote (3620)	2/10/2004 4:57:48 AM
From: GUSTAVE JAEGER	Read Replies (1) of 3959

Re: Europe..............they are all pulling against each other and going nowhere fast... Yep... as fast as a Formula One racing car: Ecclestone Plans F1 Move out of Europe-into Asia Bernie Ecclestone has once again stated that for F1's future commercial health the sport needs to move into the Asian and American markets at the expense of some of Europe's F1 events. Ecclestone says many of the teams' sponsors and partners are wanting to move into growing markets, such as Asia. And this will mean that the sport will have to follow this trend in order to hold onto sponsors, find new ones and grow the sport. He told the German magazine, Max: "We will have to cancel some of the European races sooner or later. Our sponsors want us in growing markets - and Europe isn't a growing market. As I see it, Europe will be part of the third world in 10 years, while Asia and America will be dominating the world. We must be established there." Formula One is already making the move with two new races in Bahrain and China this year. formula1.autoracingsport.com

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