With a number of teams bankrupt and being bought out in the past, investments range from car and engine development, drivers, testing, apart from continuous spending on fuel, tyres and other team expenses. As the global economic climate worsens, big ticket sponsorships have become even harder to come by. But how does it make money? The F1 industry generates over $4 billion a year.
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Kevin Stefanski has made his major coaching hire. Browns have hired former Raiders and Redskins Head Coach Bill Callahan as their Offensive Line coach. The 63 year old Callahan was HC of the Raiders from 2002 2003 and served most recently as an interim HC of the Redskins this past season.