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Wolff: Income could drop with new model
Mercedes boss Toto Wolff believes that Liberty Media will find it more and more difficult to keep the level of income as high as it was, under the new model. Next year’s planned grand prix in Miami will be run under a different model, with F1 taking a share of gate and hospitality income, instead of the old system, where a promoter paid a fee which then escalated as years went on. “Sanction fees were one of the three key revenue generators in the old Bernie F1 business model,” Wolff said. “And he was exceptional at these deals. “I’m not sure it is sustainable, “It is clear when there is a change of regime that people and promoters will...
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6y ago from GPBlog.com
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