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46: NOW Is The Best Time To Own A Formula 1 Team
For the first time in the sport's 70 year history, concrete steps have been taken to help independent Formula 1 teams transition from being passion projects to serious businesses. Recently, Liberty Media announced a '$200 mn prize money entry barrier' for a new team eager to join the sport. Will this hefty barrier dissuade new entrants? The one thing it does do is offer the existing teams a sense of stability and opportunity they've seldom experienced in Formula 1. In fact, Gene Haas might be the luckiest and Vijay Mallya might be the unluckiest Formula 1 team owners in recent times. In this…
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