News Details

Wolff: F1 can't rely on high race-hosting fees

Photo by: www.kymillman.com/f1 I won’t disagree with Mercedes boss Toto Wolff on the challenges Formula 1 currently faces. The old business model is being both challenged and deliberately changed by the sport’s new owners and perhaps they have all the bases covered on this. The old notion of moving the series around the world and finding new locations who are willing to pay large race-hosting fees may not be sustainable according to Wolff as several race promoters attended a meeting in Monaco last week to discuss that very notion. “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,” Wolff...
Full Story »
6y ago from TheParcFerme.com 0
Share

You May Also Be Interested In...

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

Mercedes team principal Toto Wolff has warned that the F1 can't continue...
6y ago from GPBlog.com

Wolff: Hosting fees are not sustainable

Liberty Media needs to look at other avenues for generate income for...
6y ago from PlanetF1.com

Wolff: Track fees not sustainable

Toto Wolff has warned that the sport needs to focus more on other revenue...
6y ago from Pitpass.com

Hockenheim the Latest Victim of Increasing Hosting...

Rising circuit fees may be set to claim another race on the Formula 1...

Elsewhere On The Network

Popular On MGPToday.com

Marc Marquez admits he ‘needs to work on mistakes’...

Marc Marquez admits he and younger brother Alex Marquez "were the...

Jorge Martin confirms intention to leave Aprilia at...

Reigning World Champion Jorge Martin has released a statement confirming...

Popular On IndyCarToday.com

Veteran engineer Michael Cannon returns to Dale Coyne...

Dale Coyne Racing has announced that it has re-hired expert engineer...
21h ago from MotorsportWeek.c...

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

Eberechi Eze: Crystal Palace star hints at future exit...

Eberechi Eze seemingly hints that he would be open to leaving Crystal...
1h ago from SportsMole.co.uk

Chelsea ready to make approach for 100m Arsenal target

Chelsea are planning to address multiple positions this summer, and one of...
3h ago from CaughtOffside.com

Arsenal transfer news: Mikel Arteta's side 'make...

Arsenal are reportedly set to compete with North London rivals Tottenham...
4h ago from SportsMole.co.uk

Arsenal considering move to sign underrated gem from...

Arsenal are reportedly one of the clubs considering a move to sign...
4h 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.