Entries in French GP (1)
Economics of F1
Tuesday, November 23, 2010 at 11:57AM
There are two related items today about the economics of staging an F1 race. Valencia it seems has had enough of subsidising Bernie with four years left to run on their contract. Bernie of course will not let them out of the contract so they are trying to find someone to take it over, which you would think would be easy with the number of countries who want one. If you cannot make it pay in an Alonso mad country like Spain where can you? It is costing them 30m euros, about $45m, to stage the race, including Bernie's fee, which must be a cut rate, and they are only recouping 10m euros from ticket sales, so they lose about $30m a year. Why could they not work this out before they did the deal?
On a similar note Alain Prost is frustrated that France does not have the political will to "buy" a GP. He knows they will lose 8m euros, even with a reduced fee from Bernie, and no government wants to spend that, on top of building a new track. Austin, are you listening? So if Alain could work it out beforehand why is Valencia surprised?
It seems there might be moves afoot to put Daniel Ricciardo into Buemi's seat at Torro Rosso. Not sure that is a great move for either party, one season in GP2 would probably be better for Daniel than being thrown in the deep end with a mid-field car. I know Vettel made the transition from Torro Rosso, but I would not like to bet my future on that happening again. Look at the Hulkenburg situation for a driver without a big personal sponsor.
Interesting that it has been announced that HKS, an architectural firm, has been added to Tilke for the Austin Track. Whatever you say about Tilke's tracks, his architecture has been good, so why bring in another architect?
On a similar note Alain Prost is frustrated that France does not have the political will to "buy" a GP. He knows they will lose 8m euros, even with a reduced fee from Bernie, and no government wants to spend that, on top of building a new track. Austin, are you listening? So if Alain could work it out beforehand why is Valencia surprised?
It seems there might be moves afoot to put Daniel Ricciardo into Buemi's seat at Torro Rosso. Not sure that is a great move for either party, one season in GP2 would probably be better for Daniel than being thrown in the deep end with a mid-field car. I know Vettel made the transition from Torro Rosso, but I would not like to bet my future on that happening again. Look at the Hulkenburg situation for a driver without a big personal sponsor.
Interesting that it has been announced that HKS, an architectural firm, has been added to Tilke for the Austin Track. Whatever you say about Tilke's tracks, his architecture has been good, so why bring in another architect?