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Ecclestone calls for lower fees for F1 race promoters
Bernie Ecclestone says that new F1 owners Liberty should cut the fees that promoters pay to host races, amid fears that events will be lost because governments no longer want to subsidise them. The former F1 Group CEO, who set up all the current deals himself over the years, now believes that promoters are paying too much to host races, and that the costs could prove to be unsustainable for some events. "The only thing that would be good for everyone, I think, would be if we could charge the promoters a lot less money," Ecclestone told Motorsport.com. "I did some good deals commercially. They are paying a lot of money, and most of them if not all of them are not making any...
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8y ago from Motorsport.com
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