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2 Mar 2015, 21:30 (Ref:3510921) | #801 | |||
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2 Mar 2015, 22:02 (Ref:3510929) | #802 | |
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The other thing with Bernie in Germany is the aftermath of his trial there.
If he is seen to be asking too much money to run a GP and it quite often involves some government money in Germany then the whole bribery thing could come back at him. |
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3 Mar 2015, 20:28 (Ref:3511308) | #803 | |
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Reading between the lines in this article in Grand Prix.com there will not be a German GP this year.
I find it sad that a country of 80 million people cannot muster 100,000 or so to go to a GP and make it viable (although with Bernie's prices they might need double that) considering that the current constructor's champion is Mercedes and there will be at least one German driver in contention for the world championship. http://www.grandprix.com/ns/ns30098.html |
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3 Mar 2015, 20:49 (Ref:3511315) | #804 | |||
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Let us say that you can get 100,000 fully paying customers through the gates, they would have to pay something in the region of £200 each just to pay the FOM sanctioning fee. On top of that they have all the other incidental costs to pay, because FOM take all the advertising revenue, TV payments and even most of the hospitality profits (the big money in comparison to that made from the hamburger stalls, etc. around the circuit). I believe that the circuits have to pay for the helicopter and ambulance cover, plus all the costs involved in running the circuit medical centre. This is why it is, realistically, only those countries that have governments that are prepared to underwrite F1 races that can really afford the luxury of a GP. Even Silverstone, which is already half sold out (virtually all the most expensive seats have already gone, and the park and ride appears to have also sold out) will make a loss on the event even if they get manage to have a capacity crowd, which they seem to do every year. |
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3 Mar 2015, 21:02 (Ref:3511318) | #805 | |
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Just done a back of an envelope calculation if Bernie gets 20 million for a GP and there are 100,000 paying spectators. It will cost 200 per spectator for Bernie's fee alone thats before anything else that will surely be into a number of millions to run the event.
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3 Mar 2015, 21:15 (Ref:3511323) | #806 | |||
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iirc, it was Austin that had a "Welcome to Texas' type sign up and FOM considered it free advertising so FOM gave them a choice...either take it down or pay the given advertising rate to keep it up. that is an anecdotal (and possible not remembered correctly) example, but yeah these are seriously onerous and one sided agreements. |
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3 Mar 2015, 21:20 (Ref:3511327) | #807 | |||
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3 Mar 2015, 21:50 (Ref:3511348) | #808 | |
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Oh come on, F1 is the most backwards and short sighted of all of the worlds' premier sporting divisions. We should all know this by now.
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3 Mar 2015, 22:35 (Ref:3511372) | #809 | |
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Additionally F1 is run in some of "the most backwards and short sighted of all the worlds' premier" ..... holes!
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3 Mar 2015, 22:44 (Ref:3511375) | #810 | |
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Why does anyone in their right mind follow this sport again???
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3 Mar 2015, 22:51 (Ref:3511377) | #811 | ||
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3 Mar 2015, 22:59 (Ref:3511380) | #812 | |
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3 Mar 2015, 23:17 (Ref:3511388) | #813 | ||
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9 Mar 2015, 09:03 (Ref:3513183) | #814 | |
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Bernie says the only thing stopping a German GP is the fee. I assumming he is asking for more $$$$$$$$ than the Nurburgring can afford to pay if they are to end up at least breaking even. If they have no hope of making a profit why should they run a GP?
http://www.motorsport.com/f1/news/nu...fee-ecclestone |
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9 Mar 2015, 09:57 (Ref:3513206) | #815 | |||
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9 Mar 2015, 10:19 (Ref:3513210) | #816 | |||
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So, Mr Ecclestone is now stuck between a rock and a hard place, because he can't back down over one circuit as all the others would all do the same as Germany, i.e. tell him that they can't afford to run the race. Germany would become the precedent, and Monza will surely follow as surely as night after day, with Silverstone behind them. Also in the queue to have their sanctioning fee to be reduced will Canada and Australia, probably Texas and Brazil as well. I would think that Japan are also in the same boat, as is Spain and Spa. In reality, Mr Ecclestone, because of his and CVC's avarice, have pretty well milked their tradition cash cow dry, and going forward they may well have to rely on the despots to fund the future of F1 racing. |
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9 Mar 2015, 10:34 (Ref:3513217) | #817 | |||
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Monza and Silverstone pay a reduced sanctioning fee because of their historic status. I don't know how long the deal is with Monza but Damon Hill, when he was President of the BRDC, presided over and secured a 17-year contract for Silverstone to hold GPs, a deal that will outlast Bernie. |
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9 Mar 2015, 10:36 (Ref:3513219) | #818 | ||
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The problem that Bernie and Co. face is that they ultimately want and, yes, need the money from selling the television rights to F1 in Europe. Which means that they need actual fans in Europe — and it’s difficult to keep those if the series prices itself out of actually racing there and in places that European fans can relate to — Brazil, Canada, U.S., and Japan.
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9 Mar 2015, 10:43 (Ref:3513222) | #819 | |||
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9 Mar 2015, 11:01 (Ref:3513229) | #820 | |||
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A different, but in many ways similar, story seems to be coming out of Melbourne. They may well have recently extended their contract for the annual race, but how long will be state administration be able to subsidise the event before the local residents finally say enough is enough. The same seems to apply in Canada, and the natives are extremely restless in Texas, and in fact, I believe that they have already started legal proceedings to halt the state from subsidising their race. And so on and so forth. |
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9 Mar 2015, 11:23 (Ref:3513234) | #821 | |||
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9 Mar 2015, 12:12 (Ref:3513247) | #822 | ||
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Their accumulated losses up until the end of 2013 was approximately £15 million. This was after they had cleared their debts, and paid for the new Wing facility, and was achieved by them entering into a, if I recall correctly, 999 year lease (yes, you read that correctly) on their land which entailed a fairly decent down payment, of which there is none left. At the end of 2013, they had liabilities in the region of £25 million, whilst their current debtors owed less than about £2 million; they also had more than a couple of million stated as bad debts.
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9 Mar 2015, 12:17 (Ref:3513251) | #823 | |||
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13 Mar 2015, 08:33 (Ref:3514723) | #824 | |
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Is Bernie looking for more $$$$$$$$$$ from Melbourne?
There is mention of a GP in Sydney. http://www.motorsport.com/f1/news/me...reat/?v=11&s=1 |
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13 Mar 2015, 15:14 (Ref:3514834) | #825 | |||
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