News Details

Wolff: F1 can't carry on with high hosting fees

Mercedes team principal Toto Wolff has warned that the F1 can't continue its business model of demanding high fees for the circuits to host the race, as the Austrian claims that this idea is not sustainable. Wolff explained that sanction fees were a big part of the old F1's business model, but that this is no longer sustainable. “Sanction fees were one of the three key revenue generators in the old Bernie Formula One business model," Wolff told Reuters. "And he was exceptional at these deals. “I am not sure that is sustainable. “Bernie was squeezing the last cent out for the benefit of the shareholders and the teams but it left certain promoters in a...
Full Story »
6y ago from GPBlog.com 0
Share

You May Also Be Interested In...

F1 race promoters want lower fees – Wolff

Toto Wolff says it is clear F1 race promoters want to renegotiate their...
6y ago from ThisIsF1.com

F1 race promoters stepping up efforts to reduce fees -...

Toto Wolff believes that in the future Formula 1 will no longer be able...
7y ago from F1i.com

F1 race promoters want lower fees - Wolff

May 27 Toto Wolff says it is clear F1 race promoters want to renegotiate...
7y ago from OneStopStrategy.com

Wolff 'disturbed' by FIA claims about Mercedes...

Mercedes boss Toto Wolff has labelled revelations that it was two Silver...
7y ago from GPFans.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Veteran engineer Michael Cannon returns to Dale Coyne...

Dale Coyne Racing has announced that it has re-hired expert engineer...

Three drivers lose Indy 500 finishing positions after...

The NTT IndyCar Series has penalized three drivers following the...

Popular On TotalWRC.com

Popular On GunnersToday.com

'He cannot continue to get away with these results' -...

Football pundit Stan Collymore believes Arsenal could sack Mikel Arteta if...
46m ago from SportsKeeda.com

Collymore's column: 9/10 season for Chelsea, Thierry...

In his exclusive column for CaughtOffside, former England striker Stan...
2h ago from CaughtOffside.com

Arsenal handed blow as 25-year-old defender decides to...

Arsenal have been dealt a blow in their pursuit of defensive...
1h ago from SportsKeeda.com

Man Utd were confident of beating Chelsea to Delap...

Senior figures at Manchester United were reportedly confident they would...
2h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.