Why F1’s Toto Wolff Says Losing Is a Good Thing. As CEO, co-owner and team principal of the Mercedes-AMG F1 team, Toto Wolff commands a billion-dollar enterprise that had an unbelievable run of success – until now. But Wolff says losing is a good thing.
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If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries.
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The US and Germany remain stuck on efforts to send battle tanks to Ukraine, as officials contend with logistical issues and Europe’s own defensive requirements, along with concern about escalating tensions with Russia, according to people familiar with the discussions.
Ukraine’s allies have held talks at various levels in recent weeks on whether to send NATO-standard battle tanks — such as Abrams and Leopards — to Ukraine, but even as Kyiv’s calls for such weapons come with greater urgency, no decision has been taken, the people said, asking not to be identified discussing sensitive matters.