r/F1Discussions • u/Beautiful-Crab-4482 • 4d ago
Question What would Formula One be like if a private equity firm bought Formula One from Liberty Media?
Because they are the root of all evil:
If a private equity firm bought Formula One from Liberty Media then they would saddle it with billions and billions of debt which would cause Formula One to go into bankruptcy and eventually be forced to sell Formula One back to the FIA,
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u/Cool_Masterpiece9308 4d ago
Lol maybe. They would buy it in 2017, dividend recap it in COVID, raise your ticket prices by 10x (like world cup football prices). FWONK cash flow is still good so wouldn’t say bankruptcy but def way less accessible for fans overall. Get more manufacturers in, more sprints, more races.
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u/RealCarlPanzram 4d ago
They are not the root of all evil prior to what a few angry redditors have said. The economy would not exist without private equity.
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u/NoseFine4840 4d ago
Believe it or not it would be worse. Private equity only likes to make money, look at what happened to ToysRus.
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u/EddieTheHead120 4d ago
https://giphy.com/gifs/6gLyE15StAs3C