News Details
Wolff: Hosting fees are not sustainable
Liberty Media needs to look at other avenues for generate income for Formula 1 with Toto Wolff stating that current hosting fees are not sustainable. Last year Silverstone activated a break clause to cease hosting the British Grand Prix race after 2019, citing finances as the reason. That, though, is not the only race under threat. Hockenheim have also stated that they 'cannot continue' with the current conditions of their contract as they are taking huge financial losses. Wolff agrees these deals are not working for the circuits. 'Sanction fees were one of the three key revenue generators in the old Bernie Formula One business model. And he was exceptional at these deals,' the Mercedes...
Full Story »
Full Story »
7y ago from PlanetF1.com
0
You May Also Be Interested In...
Wolff: Not sure if Bernie's old deals are sustainable
Formula 1 can no longer count on raking in huge sums of money from grand...
7y ago from GrandPrix247.com
Wolff: F1 can't carry on with high hosting fees
Mercedes team principal Toto Wolff has warned that the F1 can't continue...
7y ago from GPBlog.com
Baku seeking better deal with Liberty Media
Azerbaijan Grand Prix promoter Arif Rahimov has revealed that they want...
7y ago from PlanetF1.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
Elsewhere On The Network
Popular On MGPToday.com
Luca Marini’s first 2025 MotoGP crash caused by...
No description available...
8h ago from Motorsport.com
Pedro Acosta reacts after 2000 fine for breaking...
No description available...
10h ago from Motorsport.com
Why Francesco Bagnaia isn't sure if Malaysian GP...
No description available...
9h ago from Motorsport.com
MotoGP Malaysian GP: Francesco Bagnaia strikes back to...
No description available...
16h ago from Motorsport.com
Popular On IndyCarToday.com
Mark Miles teases possible non-championship...
IndyCar is largely considered a North American championship, with races...
3d ago from MotorsportWeek.c...
IndyCar tire, brake testing completed on IMS oval
IndyCar staged a test at the Indianapolis Motor Speedway on Tuesday and...
2d ago from MotorsportWeek.c...
Enzo Fittipaldi hails ‘productive’ test with Arrow...
Enzo Fittipaldi completed an IndyCar test with Arrow McLaren last week,...
5d ago from MotorsportWeek.c...
Mick Schumacher is “very open” to exploring an...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Elfyn Evans: WRC points lead “guarantees absolutely...
No description available...
2d ago from Motorsport.com
Lancia confirms 2026 WRC2 entry with the new Ypsilon...
Lancia will return to the World Rally Championship next year with the new...
4d ago from MotorsportWeek.c...
M-Sport favours new WRC car build over upgraded Rally2...
No description available...
4d ago from Motorsport.com
Martins Sesks rejoins M-Sport for WRC Saudi Arabia...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
'I don't see myself…': Arsenal star opens up on...
Arsenal striker Gabriel Jesus has revealed that he plans to stay at the...
4h ago from CaughtOffside.com
Arsenal vs Crystal Palace Prediction and Betting Tips...
The Premier League returns to the fold with another round of matches this...
5h ago from SportsKeeda.com
Liverpool midfielder Ryan Gravenberch makes feelings...
Liverpool midfielder Ryan Gravenberch has admitted that Arsenal's Declan...
8h ago from SportsKeeda.com
Goals all that’s missing for ‘free’ Eberechi Eze...
ward joined Arsenal in the summer for £67m and takes on former club where...
9h ago from TheGuardian.com
Comments
Hottest News
F1 2025 Mexico City Grand Prix – FP3 Results
Lando Norris posted the benchmark lap time in... Read More »
1h ago from MotorsportWeek.com
LIVE: 2025 F1 Mexican Grand Prix - Mexico City Free...
Follow all the action live from Free Practice 3... Read More »
3h ago from RacingNews365.com
F1: Norris sets FP3 pace in Mexico
Heading into qualifying, Lando Norris will take... Read More »
52m ago from Pitpass.com
