Tuesday 15 July 2008

Motorsport...

....and the world economy are inextricably linked, as the economy runs down so does the sponsorship...At one time, that was'nt a problem as the tobacco guys allways had a big market, money, no problem, however, as they are no longer involved, the banking, and insurance, and telecoms have stepped in. At the moment most of the F1 rights are financed by RBS, and looking around motorsport generally, a lot of cars/overalls are carrying RBS logos, Santander, ING who are also very prominent, will probably have to curtail a good deal of their sponsorship to the lower orders, it would make sense to carry on with the blue chip sponsoship,ie. F1, but, RBS are struggling, who knows how many financial institutions are tied in with the American Fanny mae, and Freddy mac situation? who lost 50% of their value(over a £1000,000,000,000,000,s if that is how to write trillion) in ONE day!!!  Motorsport has had a Huge time of it lately, there is a new formula mooted every week, but they all require sponsorship, in one way or another, if the banks, and building societies, are less than willing to lend, this trend will grind to a halt, the amount of spare cash available for god's pastime will go on rising household bills, and other such fripperies such as food, school dinners etc...BUT I HAVE GOOD NEWS....BUCKMORE AUG 25...six hours of GLORIOUS KARTING, in a THUNDERKART......YEA BABY!

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