The costs in F1 are extremely high, it is down to the regulators to control those costs through having stable regulations, every time you change the rules, there is a huge cost involved.
I think one thing Liberty finds frustrating is a lot of this business is conducted through the media. That's something they're not used to with American sport. There's that constant comparison of America sport and franchises verses Formula One - American sport works in America, it doesn't work globally.
We're in a good position with the Red Bull juniors. When I look around at what other schemes there are, Red Bull has invested a huge amount in youth and should be commended for giving these guys the opportunity that might otherwise have gone missing.
Winning is very addictive, that's why it's very hard when suddenly - boom - you are not the favorites any more.
I did a deal with my parents to take a year out before university at the end of 1992 to try and forge a career in motor sport. I still haven't gone. I left school at 18 and that was it.
When I started there was Frank Williams, Flavio Briatore, Ron Dennis, Eddie Jordan and Peter Sauber round the table. These were entrepreneurial team owners, mavericks in some respects.
It is unnatural for drivers and team members to be sitting on their hands when we would usually be racing.
When you don't experience something for a long time you realize how much you love it and how much you miss it.
The competitor within craves to get going, to get racing.
F1's ability to problem-solve is second to none and our ability to make rapid prototype parts is again second to none.
F1 is a very strong business and it's got enormous heritage.
It's always dangerous quoting numbers and expectations.
It's a competitive business and obviously a lot of money is involved in the sport and the regulators sometimes have difficult decisions to make, but hopefully for the benefit of Formula 1 and all the fans across the world, we can move forwards into 2008 with all the focus on the race track rather than in the courtroom.
The prospect of being able to run a race behind closed doors is absolutely feasible.
I'm very much a people person.
Drivers are not good at having nothing to do.
If the racing series does not exist for a year, then it disappears in its entirety. Teams that have been operating very close to the limit just wouldn't survive. They rely on racing to generate income and to fulfill their obligations to the promoter.
I think winning becomes addictive.
Personally, I would go back to V12s, which make a tremendous noise, and have open cockpits and make the drivers heroes again.
As has been the case with Sebastian Vettel, Daniil Kvyat, Daniel Ricciardo, Max Verstappen, we're always going to draw upon the talent pool we have.
