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24 Oct 2016, 16:11 (Ref:3682516) | #1 | |
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Malaysia may give up F1 GP
Interesting piece on motorsport.com on Malaysia mulling over the future of the F1 GP.
http://www.motorsport.com/f1/news/ma...1-race-842575/ Some of the key points they raise are: 'Razlan said Formula 1 was no longer an exciting sport and that the country should re-consider the future of the grand prix. "I think the product [F1] is no longer exciting. It's being dominated by one team." Malaysia's minister of youth and sports Khairy Jamaluddin, meanwhile, called for the country to give up the Formula 1 race and instead focus on MotoGP, which he said was much more affordable. "I think we should stop hosting the F1. At least for a while. Cost too high, returns limited," Jamaluddin said on Twitter. "When we first hosted the F1 it was a big deal. First in Asia outside Japan. Now so many venues. No first mover advantage. Not a novelty.' Hmmm, I wonder if that will get some of BE's other host countries thinking....
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24 Oct 2016, 16:17 (Ref:3682518) | #2 | ||
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Yes I read this this morning, the hosting fees are to high of course as we all know ..
Hopefully once BE is gone some of these problems will be solved, while promoters continue to bow to his wishes I don't see much changing .. |
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24 Oct 2016, 17:59 (Ref:3682547) | #3 | ||
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i understand his complaints, even share his sentiments, but im curious to know if anyone in his gov't appreciates him calling F1 boring when the team that is currently dominating carries a rather hefty sponsorship partnership from said country's national oil and gas company?
love the fact that the article carries a picture which features several Petronas banners in it yet no mention of that company's links to F1 and the Malaysian gov't in the article. more to this story or just a puff piece? |
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24 Oct 2016, 18:02 (Ref:3682548) | #4 | ||
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Quote:
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24 Oct 2016, 18:26 (Ref:3682556) | #5 | |||
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but with gas prices being down there are no doubt questions being asked about how a national oil and gas company's profits should be spent. i could just be reading too much into it (its monday), but i feel like there is more to this story then just assessing the viability of this event in terms of entertainment value. |
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25 Oct 2016, 11:24 (Ref:3682727) | #6 | ||
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With the oil price where it is there are many countries that have an F1 race that will be feeling the pinch and the new owners need to consider their market position. BE was able to sell the deal to states like Malaysia, Abu Dhabi, even Brazil but for a race to continue in these changed market conditions the core interest in motor sport needs to be there as it is in the UK as the best example.
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25 Oct 2016, 16:48 (Ref:3682786) | #7 | |
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I feel 21 races is too many, they should cap it at 19 and also have more races that are worth going to. Bring back the French GP
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27 Oct 2016, 08:36 (Ref:3683311) | #8 | |
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Yep, I wonder how viable Liberty's plan to grow the calendar actually is. How many countries out there want to spend $250M on a circuit that will gather dust for 360 days a year and spend another $80M per year on sanction fees - all for a vanity project really?
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27 Oct 2016, 11:21 (Ref:3683347) | #9 | ||
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This is surely about money not lack of excitement. The latter is a smoke screen I would have thought.
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27 Oct 2016, 13:12 (Ref:3683371) | #10 | ||
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Not exactly, would be my conclusion. If you are paying many millions of dollars for what should an exiting and entertaining event, then you have every right to question the value for money when that excitement and entertainment is not provided. And especially so if your costs are not be covered by the income that is generated, whilst the "promoter" makes millions of dollars profit from every event without any risk whatsoever!
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27 Oct 2016, 13:40 (Ref:3683377) | #11 | ||
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No one spends millions of dollars just for a bit of excitement. They spend it to generate alternative revenue for their country and businesses.
The article goes on to say that the real reason is that costs are too high and the returns are not there. Mayalsia have had a good run of races. However, other Asian races have since joined the F1 hosting party, meaning Malaysia's uniqueness has gone, somewhat. We should get used to new tracks coming and then dropping off the radar equally quickly, because a lot of them probably wont be in it for the long haul, and will be replaced by other short lived shiny circuits. |
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27 Oct 2016, 15:11 (Ref:3683402) | #12 | ||
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im of the opinion that Malaysia is getting a tremendous amount of value from F1 through Petronas branding via Mercs' success....more now then they received between 1999? and mercs first title anyways.
the domination that this minister is lamenting is the value his gov't is looking for no? |
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31 Oct 2016, 07:08 (Ref:3684202) | #13 | ||
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Sepang must be used for more series than just F1... Once the circuit had Formula Nippon, for example... More series in the circuit will be worthy for them.
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5 Nov 2016, 17:24 (Ref:3685550) | #14 | ||
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A nation mourns.....But really - who cares ? Three locals watch the Grand Prix and a coach full of expats. It's a tedious track whose only endearing feature is its variable weather .
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5 Nov 2016, 22:13 (Ref:3685616) | #15 | ||
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F1 is the same as any Business. Bernie is the rep. Customers come and go. New customers pour into a sieve and they slowly trickle out of the bottom. It's Bernie's job to keep pouring them into the sieve, and keep the flow going...
No difference in any Business, how big or small. Why should you buy something again that loses you money after you've had it? Crazy... |
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6 Nov 2016, 11:19 (Ref:3685919) | #16 | |
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Maybe the Singapore race has turned out to be more attractive to potential ticket buyers to watch F1 at in that part of the world than Sepang - especially since the 2 races are now being held at approximately the same time of the year?
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