Quote:
Originally Posted by S griffin
Quite frankly the price is too high for some. Events like Baku, Sochi and Abu Dhabi, do we really need them? It’s clear events like Britain, France, Monaco, Italy, Germany, Belgium, Brazil, Canada, Australia et al are more important for the fans, so quite why they need to prove themselves by paying more IDK, but the right agreement needs to be reached.
Frankly the money was put too high and Bernie takes the responsibility for that, frankly he should have not let the fees get so high. The circuits are in a tough situation: how to make money without ripping off the fans. I hope something is done
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For many years it was believed that Monaco didn't even pay a sanctioning fee, but in 2017, Prince Albert, in an interview, claimed that they did have to pay but didn't say how much that fee was. All he said is that Mr E had recognised what value the principality brought to F1, and based the fee on that, and it was possibly low. They also enjoy the only GP that they, as promoters, have the TV rights, including the direction of the filming and provide the feed to other broadcasters which brings in income to set against the sanctioning fee.