Do you know Max Mosley? Most people don't. He happens to be the President of the FIA, which oversees many of the international racing leagues, including Formula 1. It's a pretty big job, since it is the richest association of all sporting leagues (billions of pounds-British currency-are spent within the association every year). So, its leader is fairly prominent internationally.
Except the world economy has forced the association into crisis. The same sport faced a crisis last March, due to Mosley.
More after the jump...
Look, the economic crisis is legitimate, obviously sweeping across all lines and classes, and Formula 1 is no different. Honda has already pulled out of the league, and Mosley has asked every team (that includes champion Lewis Hamilton's team, so this will mean he won't have as much money to spend on his baby girl, Nicole Scherzinger...) to cut their budgets by 50 million euro ($64 million).
"The scope for getting the costs down is huge and we can get the cost down further even than the euro50 million and no one except for a real anorak in the pit lane would know the difference," Mosley said.
Mosley said that the F1 teams' infatuation with the "endless refinement" of components was a serious problem, with many teams running budgets up to 200 million pounds (euro225 million; $290 million), such as Honda last season.
The 69-year-old Englishman believes teams are hesitant to quickly push through sweeping reforms, but with sponsors dropping out and costs still high, motor racing needs to do something to avoid losing any more teams.
But, what about losing the president? We are talking about a man caught in an orgy video with five hookers, dressed as a Nazi leader, and did I mention his father Oswald was a Nazi sympathizer?
If Formula 1 can survive the disgrace of its leader acting as a Nazi leader with five prostitutes, and the rumor he has much of the same beliefs as his Nazi sympathizer father, this economic thing is nothing.