Word: pasts
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...what the big numbers and the gaudy pageantry hide is how close the sport came to a total crack-up last year, and just how rickety it remains. At times over the past few years, Formula One has looked as ungovernable as California: big teams quit, and more threatened to do so; the financial industry canceled its lifeblood sponsorship almost en masse; track attendance is down; and scandals have tarnished everyone from a world champ to the former head of motor sport itself. Bernie Ecclestone, the septuagenarian who is usually described as F1's principal stakeholder (a description that doesn...
...keep the cost of running a Formula One team in check, prevent teams from leaving, and to make racing more competitive and exciting, the sport's ruling body has brought in a slew of new rules over the past three years. Key changes...
...teams aren't the only ones who can't make ends meet. The promoters behind F1's 19 races have seen their fees for hosting an event double to almost $30 million in the past five years - $45 million for newer races in Abu Dhabi, Singapore and Korea. As a result, they've jacked up prices for the best seats over a race weekend to an average of $722, a rise of 50% from three years ago. Average three-day attendance fell from 187,724 in 2008 to 161, 613 in 2009. "In Bahrain, all you could...
...that American companies want to reach," says Peter Windsor, who is trying to get the new USF1 team off the ground. It also helps explain why YouTube co-founder Chad Hurley is pouring money into F1. Still, much of the sport's mystique rests on its guts-and-glory past. "It's a little frustrating to go to all these places with no sense of F1's history," says Martin Brundle...
...Drivers will still make pit stops to change tires, but mid-race refueling is banned, meaning cars will have to carry 66 gal. (250 L) of fuel, up from 21 gal. (80 L) in the past. Aerodynamic testing cut from eight days to six. A new points system makes a win far more valuable than a safe (but boring) second place...