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Evidence receipt / belief

Published · transcript-backed

Ben Gilbert: belief

2 Mar 2026 Acquired Formula 1

“I think the average tenure over the entire existence of Formula 1 is about six years for a given team.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
2 Mar 2026
Publisher
Acquired
Episode
Formula 1

Transcript context

…Yep. Well, one thing I can guarantee is that once Bernie takes it over, he's definitely making a profit on it. Bernie, when he joins this owners table, shall we say, pretty quickly realizes a couple things. One, except for Enzo Ferrari, none of these other guys have a lick of business sense. All they care about is fast cars and winning races. Whatever money they have or don't have, it's all going down the tubes in pursuit of victory. The second thing he realizes is that except for Ferrari, and by this point in time, Enzo has sold half the company to Fiat. He has major resources behind him in Italy. None of these other guys actually have any real money. I mean, for God's sakes, Colin Chapman is about to nearly go to jail over a $8 million embezzlement case with DeLorean. $8 million went a lot farther back in the 70s, but-- These cars are quickly becoming very expensive and the teams are becoming very expensive to run. There is not a sustainable way to run a team. I think the average tenure over the entire existence of Formula 1 is about six years for a given team. Just to make this exact point, here is the list of F1 teams in 1972, the year that Bernie buys into the league. Lotus, Tyrell, McLaren, probably know that. Ferrari, you definitely know that. Sertes, March, BRM, Mattra, and Brabham.…

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