+- TT Website Forum (https://www.ttwebsite.com/forums)
+-- Forum: Isle of Man TT Website (https://www.ttwebsite.com/forums/forumdisplay.php?fid=3)
+--- Forum: Other Race Meetings - MotoGP, WSB & BSB, Irish Roads etc - (https://www.ttwebsite.com/forums/forumdisplay.php?fid=13)
+--- Thread: Effect on TT of the Banking Crisis. (/showthread.php?tid=7478)
Effect on TT of the Banking Crisis. - Arthur Lawn - 12-10-2008
Will the banking crisis have an effect on the TT & MGP?
It will certainly have an effect on the Islands finance industry.
As with the Island goverment only garanteeing £50k of investors offshore accounts I can see money flooding out of the economy.
Will this cause the goverment to focus more on the tourist industry to the benefit of motorsport or will they have to tighten their belt and scale back on support? Would welcome opinion particularly from residents involved in the finance industry.
RE: Effect on TT of the Banking Crisis. - larryd - 12-10-2008
Arthur, I think it not impossible that one result might well be the departure of a significant number of the financial come-overs of the past few years.
Would this be a good thing or a bad thing?
Discuss . . . . . . .
RE: Effect on TT of the Banking Crisis. - Jan Grainger - 12-10-2008
Forgive me if I was mis informed but a local once said to me that these bankers are only renting their office space and at any time(regardless of the current scary situation) a carrot could be dangled anywhere else in the world and they may take off anyway and the IoM would be left in a delicate situation, and the TT and the Manx would be very, very important to the Island. As I said, I stand corrected if wrong but it is indeed an interesting subject to discuss.