Word: sportingly
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Dates: during 2000-2009
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...there is one proposal that teams are not prepared to accept: the FIA's suggestion that all cars use an identical engine built by a single manufacturer. The idea, backed by FIA President Max Mosley, has drawn fierce criticism, with Ferrari arguing that it would undermine the sport's "raison d'être, based principally on competition and technological development." If it happens, Ferrari and other big teams say they would consider abandoning Formula One. Perhaps, as has been suggested in the past, a few big teams might even set up rival races. "Why would Toyota want to use somebody...
...using a single engine supplier is probably a step too far. Horner of Red Bull, owned by the energy-drinks company, says racing with a standardized engine might be "no bad thing" for a team like his. But he says it's not worth risking the loss of the sport's biggest names: "Formula One needs the balance of independent teams and manufacturers and most certainly [needs] Ferrari involved in the sport...
...stresses the controversial idea is only one of several options. Also up for discussion - this time between the FIA, teams and the majority owner of the sport's commercial rights, private equity firm CVC - is a new agreement governing the distribution of revenues from Formula One. The current deal gives each team a share of the profits that varies depending on their position in the championship. A new deal could increase the teams' combined share from 50% to as much...
International growth markets offer another fresh source of cash. New sponsors in Asia and the Middle East poured close to $60 million into the sport this year; plans to introduce Grand Prix in Abu Dhabi, South Korea and India over the next three years will boost interest further. Lewis Hamilton surely counts on racing around those circuits. If costs come down enough, Fisichella will hopefully be right beside...
...Closer to home, Massachusetts’s voters banned greyhound racing. In doing so, voters sent a clear condemnation of keeping active dogs in tight wire cages for 20 or more hours a day. They also rejected the notion that a sport propped up by state-sponsored gambling (a 1986 state law granted the racetracks subsidies and tax breaks) can be a bastion of free market liberalism. The vote made Massachusetts the 35th state to no longer participate in a pastime that, with 800 injuries on this state’s tracks alone since...