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Liberty Media buys land in Las Vegas for F1 track
Formula 1 will return to Las Vegas next November Formula 1’s commercial rights holders have purchased land in Las Vegas that will be used for the pit and paddock complex next November. An all-new business model is set to be used for the Las Vegas Grand Prix with Liberty Media set to self-promote via its Live Nation business. That differs from its usual model which charges promoters a figure somewhere in the region of $60 million to host the event. One of the key challenges facing Liberty Media with putting on the event was how it would house the travelling circus, with suggestions the paddock could be some distance from the pit lane. That issue has now been resolved with confirmation...
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2y ago from SpeedCafe.com
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