Word: motorsports
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...Formula One speaks for itself and I am looking forward to working with him again." As for Schumacher's rivals, however, there will likely be "a spread of emotions, including fear, because you don't want to be beaten by the old guy," Chris Aylett, head of Britain's Motorsport Industry Association, tells TIME. "The most competitive guys will relish the opportunity of embarrassing the old champion," he adds. "But overall, they [the drivers] earn their income from the popularity of F1 and if this doesn't guarantee headlines, I don't know what will." (See the best sports moments...
...FOTA teams endeavored to the very end to reach an agreement, but regrettably the FIA refused to back down from its rigid position, insisting that the teams must first sign up before there could be further negotiations on the rules," BMW Motorsport director Mario Theissen said in a statement. "This was unacceptable...
...divide the profits from selling the TV rights to their games. The same issue regularly pops up in English Premier League soccer. "There is a continual, not always disastrous, dialogue about the share of the commercial rewards of sporting events," notes Chris Aylett, chief executive of Britain's Motorsport Industry Association. "What's more important? The Super Bowl or the teams playing in it? In that sense, F1 has had that dialogue going for a while." (Read "Formula One: Behind the Wheels...
...show up on the track. For thousands of high-tech suppliers like Xtrac, many of them clustered around Oxford in southern England, recession-era racing and shrinking budgets are the next big challenge. The industry is typically "very resilient, and very resourceful," says Chris Aylett, head of Britain's Motorsport Industry Association. But for a few, "there will be genuine job losses. And some won't make it through." (See pictures of the history of Formula...
...that means big shifts for the global industry behind Formula One, and especially for the 3,500 firms specializing in high-performance engineering in England's Motorsport Valley. About a third of those companies, which craft everything from engines for rally cars to brakes for NASCAR racers, service the half-dozen Formula One teams based in the area. "While they play the Marseillaise when Renault win" a Grand Prix, says Aylett, much of the French-owned team's work is "actually done in Oxfordshire...