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Alex Jacques

πŸ‘€ Speaker
805 total appearances

Appearances Over Time

Podcast Appearances

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

But you had Formula One teams being sold very, very recently around the end of 2020, early 2021, being sold for $120 million.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

Yes.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

Indeed.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

And I think that's why they wanted to be there.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

And it's the best place for...

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

Obviously, by most metrics at the moment, when it comes to motor racing, to have your brand.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

And I think the idea of General Motors joining Formula One even five years ago would have been laughable.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

So the idea that they badly want in now shows you, again, it's just another metric of where brands want to be and the health of Formula One at the moment.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

How much do drivers make for getting behind the wheel?

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

Well, again, to go back to the rather morbid point, this is serious entertainment, but it's also a serious risk.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

You can get hurt doing this.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

And Formula One, thankfully, has not had a fatality for a while now.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

And safety is improved all the time.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

But as a result, if you're going to go out there, the top drivers are going to command a serious amount of money.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

The exact details are never known, but Max Verstappen gets talked about around the $75 million a year mark.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

And if you look at what he's done for Red Bull, you could say

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

I felt very lucky that we were invited to the drivers seeing the film for the first time.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

They invited a select group of people to a theatre and the drivers were in there.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

They hadn't seen it.

Business Wars
F1 vs NASCAR | F1 Roars Into the U.S. | 4

It was very strange.