Ian Carter

So...

Well, I mean, yeah, some of these guys have been in their own bubble for years and that probably predates Liv.

I think a lot of the issues as well that Liv has faced is that it was originally...

came about in what, 2021, 2022, or off the back of the financial kind of ecosystem that we saw in 2020, 2021, which was mad.

And it also accompanied the rise in F1.

And if you recall, the talk was how it's going to be like Formula One.

But it goes to show, in my view anyway, the hubris and the sheer short-sightedness of it all.

And

the amount of times I had people tell me, you don't realize how much money they've got.

They have got an endless pit of money.

It will never run out.

And I used to just get so frustrated with that because that has a, that shows a fundamental lack of understanding as it pertains to human history and the markets and business and enterprise and things run out.

And of course this has been exacerbated by maybe what's happening currently in the Middle East.

But again, this reorientation of, of funds predates the Iran war.

And, um,

I think the writing was on the wall when we last spoke about this with Brooks Koepka.

I think I mentioned a New York Times article that was months ago about them talking about all the domestic projects that they were cutting.

So the writing's been on the wall for a little while.

And I think most interestingly, it is what what does this know?

What does the future look like for the players?