Virtual Reality for Formula One could be fantastic - driving the car!

I recently interviewed Bernie Ecclestone in London. He had a go at women, said [Vladimir] Putin should be running Europe and so on. He enjoys it - he's been doing it for such a long time. He has an entrenched position. The truth be known, he is unique, right?

The web attacks traditional ways of doing things and elites, and this is very uncomfortable for traditional businesses to deal with.

In the 19th century China dominated the manufacture of porcelain. Then European factories discovered a cheaper method of making pottery of equal quality, demolishing the Chinese industry the exact reverse of what is happening now. World economics have turned full circle.

It is always easy to criticize, as Bernie Ecclestone is somebody with extreme opinions.

If you pay 50 million for something, you probably pay another 50 to 100 million to activate it. And the more you spend, the better you do. There is no point in just buying rights.

Formula One is not just multinationals. It's also about national players wanting to get global coverage.