What does Joseph and the Technicolor Dreamcoat have to do with F1?

Sportico recently released its F1 Valuations, the season close is coming this weekend and we seen the likes of Stroll buy an F1 team for c$90m and now raising money at a purported $1.5bn (despite all his investment in the team that's a great run!)

What's the root cause of that increase - and yes scarcity is clearly one but in F1 that always been there.

How have the teams reacted and have they done anything to protect those valuations when the likes of Drive to Survive naturally come to the end of their cycle...

I remain positive on F1 but as i have discussed earlier this week i think there are more creative ways to generate and protect valuation.