Chapter 254 Becoming a Giant in Commercial Sports(1/3)
Chapter 254 A giant in commercial sports
Indiana, capital city of Polis.
Conrad Hotel,
Executive lounge on the fourth floor.
In a box facing the street.
Abel stood in front of the huge floor-to-ceiling windows, overlooking the bustling and bright city below, as well as the city's busy traffic.
Although the city of Polis is small, it depends on where it is compared.
As of 2001, there are still not many such cities in the world.
After 2010, with the crazy evolution of rabbits, more and more cities will start crazy infrastructure construction.
After that, all kinds of prosperous night cities in the West, except for a few places like Manhattan or the City of London.
The level of prosperity at night will be surpassed by the rise of China.
This made the young rabbits who went abroad at that time feel very uncomfortable.
After many visits to cities in these capitalist countries.
Many people will say in their hearts - "That's it?"
But that's later.
Right now, the United States still leads the way.
After looking at the scenery outside the window for a few seconds, Abel turned around, his back to the huge floor-to-ceiling window, looked at the middle-aged white man in the room and smiled:
"Mr. Mosley, I have the financial reports of Jedson Entertainment for the past two years. Don't worry about how I got them, they are accurate anyway. In these financial reports, most of Jedson Entertainment's businesses are profitable.
Yes, only a small part is a loss."
"That's right." Abel said to the FIA vice president in front of him, Max Mosley:
"The loss-making part of Gedson Entertainment's business appears in the American Formula 1 race they host."
Jedson Entertainment is a company in the United States, mainly engaged in media, hotels and some tourism businesses.
The Indianapolis Motor Speedway in the United States hosts the U.S. station of F1, which is hosted by Gedson Entertainment.
For this reason, Gedson Entertainment has to pay the FIA and F1 nearly $18 million in fees every year.
As for Max Mosley, he is one of the current FIA vice presidents.
FIA, the abbreviation of World Automobile Federation, is the organizer of F1 and is equivalent to FIFA's status in global football.
Max Mosley also knew what Abel said.
Most organizers of Formula 1 races held around the world every year can make money.
The United States is very evil.
It is obviously one of the countries with the largest number of cars in the world.
Car culture has long penetrated into every aspect of this country.
But as the top competition in racing, F1 has been acclimatized in the United States for many years.
F1 in the United States was at a complete standstill from the late 1970s to the mid-1990s.
It wasn't until 1998 that a company stepped forward to host the F1 Grand Prix in the United States.
This company is Jedson Entertainment.
This company has hosted F1 in the United States three times, and this year is the fourth time.
The first three times, except for the first year, I made some money.
After the second and third times, I never made any money.
In parallel time and space, it is precisely for this reason.
The Indianapolis Motor Speedway stopped hosting the F1 US Grand Prix after 2007.
Because I never made any money.
It took several years before a new villain emerged and took over the business again.
The FIA, the organizer of Formula 1 racing, is also helpless about this.
To a certain extent, the FIA's attitude towards the United States is a bit like their counterpart FIFA's attitude towards the Rabbit more than ten years later.
Looking at Abel telling these truths, FIA Vice President Max Mosley looked at him:
"Mr. Smith, we all know these situations. But the reality is that there is nothing we can do to change it."
If it can be changed and the FIA can do it, then there is no need for Americans or Abel to do anything.
If the FIA wants to make money from Americans, they have already taken the initiative to do so.
"Leave it to me." Abel suddenly said, "I can change this situation."
Hearing Abel's firm tone, Max Mosley frowned: "Mr. Smith, what do you mean?"
"Leave it to me to host the F1 American Grand Prix." Abel said:
"Then the FIA supported me and asked me to acquire F1 Holdings."
Hearing Abel's request, Max Mosley opened his mouth silently.
The vice president reacted quickly and said immediately: "I'm afraid this is difficult, Mr. Smith."
"I invited Bernie Ecclestone, and he will come here tomorrow to discuss with me." Abel smiled:
"Maybe Bernie Ecclestone will agree, maybe he will refuse. But this is my attempt to introduce F1 to the world's largest car-consuming country more successfully."
"I believe this is what the FIA wants to see the most. You don't want a country on wheels, the richest and most influential country in the world, to have very few traces of F1."
Max Mosley is silent.
After a while.
The vice president of the World Automobile Federation, he said softly:
"Then why do you think you can succeed? Can you do what the FIA and F1 Holdings have been unable to achieve for decades?"
"Of course I can." Abel immediately responded confidently.
"Why?" Max Mosley said.
"I am the boss of Smith Media. Smith Media is about to acquire the NBC television network. Smith Media is about to become one of the largest media groups in the United States."
Abel looked at Max Mosley, "As long as I become the boss of F1, F1 will get the greatest promotion in the United States. I believe that as long as the means are appropriate, F1 can also become the same as the four major American companies.
The league is just as popular.”
Max Mosley feels convinced.
The reason why F1 has not been taken seriously in the United States has always been poor ratings.
The reasons are actually known to the FIA and F1 Holdings themselves.
That is, here in the United States, F1 does not allow many American giants to share profits.
Of course Americans will not vigorously promote things that are not beneficial.
This is very similar to how football is treated here in the United States.
If there is a giant in the United States that vigorously promotes it.
With the prevalence of American car culture and the huge influence of F1 on racing fans around the world
F1 has never been as successful in the United States as it was in Europe.
But if... if we want to give up the power of F1 Holdings.
Max Mosley doesn't think the FIA and Bernie Ecclestone would agree.
"It's still hard," Max Mosley said:
"Mr. Smith. Even if I agree, the FIA may not agree. I am just a vice president. Even if the FIA agrees, Bernie Ecclestone will not agree. More importantly, you and I both understand that in the end,
What matters is the attitude of the car companies."
Abel knew what Max Mosley meant.
On the surface, the FIA has the most power over Formula 1 racing.
In terms of actual hosting and control, it is actually the F1 Holding Company spearheaded by Bernie Ecclestone.
If you go back to a deeper level, the real say in F1 lies with the car companies.
The FIA gains F1's influence and reputation, and the F1 holding company gains actual benefits and control.
The real people behind F1 are the car companies that benefit from it.
The three parties are indispensable. The mutual compromise and cooperation between the two parties created the emergence of the F1 formula car.
"How can we know the result if we don't talk about it?"
To be continued...