Formula One, automobile sports, Federation of International Automobile, Ferrari, Porsche, Renault, Grand Prix, formula 1
Formula one as a world sport has won the hearts of many over the years since it was started. However, the current situation in the championship seems to indicate a dark future. Issues of democracy, inequality, bribery and corruption, just to mention a few, are slowly poisoning and paralyzing the sport. In the next ten years, formula one might never be what many would wish it to be. There is the fear that sponsors and investors of the teams might vanish. There is also the possibility of the famous sport losing out on its fan-base. The Federation of International Automobile, which is the overall governing body of the sport, should move in to address these issues, so as to avoid the worst scenario.
[...] This goes a long way to question the equality of the teams before the eyes of the federation. As the general management body, it should work and operate to ensure equality among the teams. A culmination of this inequality was seen in the year 2013, when the federation came up with the “formula one strategy group” (Cary p. 1). This group was formed out of the six leading teams in the sport, and yet its decisions were meant to bind all the teams in the sport. [...]
[...] The excess focus on the top teams will only work to kill the other teams in the race. In the next ten years, there is a possibility that there will be no fans to support the other teams in the championship at the grand prix (Lauda p. 1). This is because the federation operates in a way that the generation to come will be meant to understand that the sport only has six teams. Corruption and Bribery is another challenge facing formula one (Benson p. [...]
[...] Critical uncertainties map The issues discussed above have the potential of putting the formula one sport into jeopardy. The unequal treatment of teams might cause some teams and their sponsors to consider withdrawing from the sport in the coming years. More so, the issues of corruption and bribery might lead investors to consider doing business with other sports apart from formula one. Other factors that might put the fame and love for the sport in jeopardy include the financial crisis. Marussia team recently went into administration due to lack of sufficient funds. [...]
[...] YouTube stream-living is not accepted to formula one management, and many fans seem not to be happy with this. If the issue is not addressed, fans may end up losing interest in the sport, majorly due to the general feeling that the sport's management does not have their best interests at heart (Lauda p. 1). Scenario Cross Increased corruption D A Inequality Equality C B Reduced corruption Increased Corruption and Increased Equality In this case scenario, sponsors and other investors will withdraw their support due to increased cases of corruption and bribery within the sport. [...]
[...] The purpose of this report is to examine and analyze the current situation of the sport, in a bid to predict the future and how the same can be approached. Examination and Analysis of Issues Just like other world sports, formula one has had to deal with various issues both in the past and in the present. There have been suggestions that the Federation of International Automobile, the governing body, is favoring the big teams in their administration. The governing body's decisions work in favor of the big teams. [...]
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