Quote:
Originally Posted by 3798j
I wish Liberty would have more concern for the financial success of its existing venues. It's said the best attended race is the British Grand Prix, and host Silverstone says it loses money.
Five Grand Prix contracts expire this year. They are the ones for races in Britain, Germany, Italy, Mexico and Spain.
"Mexico’s government has given the red light to funding its race whilst Automobile Club d’Italia president Angelo Sticchi Damiani has described the Italian Grand Prix as being “not sustainable in the long term” due to heavy losses. Likewise, the deputy mayor of Barcelona, where the Spanish Grand Prix takes place, has said that “Formula One is not a priority.” Even F1’s oldest race, the British Grand Prix, is on track to depart after 2019 as organizers broke their contract seven years early due to accelerating losses."
Last week Forbes had this article on Liberty and the F1 financial picture: https://www.forbes.com/sites/csylt/2.../#48fecec3b5c1 |
Totally agree. Treating circuits as just a source of revenue, highest bidder gets the business, will damage the fan base every bit as much as hiding coverage behind “subscription only paywall” is doing. Frankly some of the street circuits are boring and that imho includes Monaco. F1 should be about speed, handling and driving skill not tyre management, fuel management and position on the grid determines 90% of the outcome. Monaco worked because it was almost the exception and the atmosphere compensated for the lack of overtaking. I am not looking forward to another street circuit just because it’s a tourism draw.