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Hockenheim want risk-free Formula 1 contract
German Grand Prix organisers say they cannot afford to host the Formula 1 race at the Hockenheim on current terms beyond this year and any new contract has to be free of financial risk. The circuit, near Mannheim in the Upper Rhine valley, ends in July a 10-year deal agreed with former F1 supremo Bernie Ecclestone. The Briton’s business model was based on hefty hosting fees, increasing on an annual basis, but Ecclestone was replaced at the helm in January last year when Liberty Media took over. Liberty have said they want to protect traditional venues and Hockenheim, as well as Britain’s Silverstone, could be a test of how much they are prepared to put their money where their...
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7y ago from GrandPrix247.com
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