Motorsports worldwide have taken a pounding over the past few weeks: first, there was the announcement that Honda were pulling out of Formula 1 with immediate effect; then came statements from Subaru and Suzuki announcing that both manufacturers were pulling out of the World Rally Championship; in the US, American Honda announced that they would not be fielding a factory team in the AMA Superbike championship; and finally, over the holiday period came the bombshell of Kawasaki's withdrawal from MotoGP.
So how did we get here, and more importantly, what can we do about it? Over the next three days, we'll be examining the state of MotoGP, and asking why it turned out to be so hideously expensive. We'll also be studying the likely effects of the most common suggestions being made around the world, and asking how effective these proposals will be. And finally, we'll be making some proposals of our own, which we feel neatly sidestep the pitfalls which have brought MotoGP to its current, parlous state.
Firstly the question of how MotoGP, and motorsports got into this state in the first place. The main, and most obvious culprit is the global financial crisis, which has hit the car and motorcycle sector particularly hard in the second half of 2008. With sales plummeting and the banks only willing to lend money to them at exorbitant interest, the manufacturers are being forced to examine their activities with an almost pathological attention to detail for areas where they can cut costs.