Quote:
Originally Posted by wolfhound
I would bet any GP promoter would love to have the contracts that track owners have in NASCAR where they 65% of TV revenue plus ticket sales.
http://joesaward.wordpress.com/2012/...usiness-model/
The NASCAR business model is about as different as chalk & cheese to F1. It does however allow all involved to make some money unlike F1 where CVC pulls in massive revenue while the promoters cannot make events pay. |
Should this part of their business model be looked at to possibly be applied to F1? Yes
Will this part of their business model be looked at to possibly be applied to F1? Not for a long time, sadly
As long as it's making Bernie and his friends lots of money and people still show up to their races in large numbers like at Silverstone despite them charging expensive prices then it won't change. The only way a promoter can profit in F1 is if he raises his prices, lots of people show in the six-figures up like at Silverstone or Monza or they get significant government funding, and as we've seen so much in North America with the government funded racing model of CCWS and now Indycar, races can become very unstable.