Amazing comments by the billionaire chief executive of Formula One (talking about the Silverstone circuit) that:
“People in Europe have got to understand that Europe will be sold to the Chinese or India or these people in the Middle East,” he said. “It is gradually happening now.
“We are in no position to compete and this circuit here in India is a good example. This is private enterprise here. There is no government money but these people got on and did it. We [in Europe] sit back and hope it will happen — these people get on with it.”
Earlier he also makes the damming comment that “The new owners will put proper people in, commercialise it and run it properly. I don’t have any problem with it at all. They will get the job done. They won’t muck around.”
And to think that we thought that we were quite good at managing. So the BRICK countries arrive with money and management. Some big changes going to happen in Europe. Who will need a business plan resource?
Hat tip: Daily Telegraph Ecclestone backs Qatari Silverstone bid by TOm Cary 31 Oct 2011
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