The only problem i have with Bernie is, who is he to set the price of hosting a F1 GP at a venue. He now has total control over which countrys offer to pay what to host a F1 GP there and the way i see it is the highest bidder is going to win.

I thought there was a monoply commision in place to stop situations like this one? (i.e 1 person having total control over millions of pounds of rights within a sport)