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11 Jul 2017, 18:25 (Ref:3750482) | #26 | |||
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I've never subscribed to the view that the spectators view is wholly awful. There are plenty of places you can watch exciting cars from. Mind you, that is now the only event I attend at Silverstone. |
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11 Jul 2017, 18:41 (Ref:3750486) | #27 | ||
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that's probably the reason now lol....BE must be so happy he doesnt have to deal with this venue anymore!
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11 Jul 2017, 19:17 (Ref:3750497) | #28 | ||
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11 Jul 2017, 19:24 (Ref:3750501) | #29 | ||
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11 Jul 2017, 19:36 (Ref:3750504) | #30 | ||
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It may well be at Silverstone in 2020, but I think a London GP is much more of a serious prospect with Liberty than it was with BE and CVC. Sent from my SM-T310 using Tapatalk |
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11 Jul 2017, 19:41 (Ref:3750505) | #31 | |||
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11 Jul 2017, 19:48 (Ref:3750507) | #32 | ||
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Hard to argue with F1 Group's statement on the timing of the BRDC announcement: Autosport Link
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11 Jul 2017, 19:49 (Ref:3750508) | #33 | |||
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If they are implying they think the history is important then London isn't where it is at. Threaten Brands by all means, but not a London street race. I'd taken it as implied it what Silverstone. Maybe incorrectly, but it would miss this point if they do that IMHO. The French thing is a little different. That is more country than venue as it has moved around a lot. The realistic options didn't have great historic importance. And they didn't consider Paris. |
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11 Jul 2017, 19:50 (Ref:3750510) | #34 | |||
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11 Jul 2017, 20:23 (Ref:3750520) | #35 | |||
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11 Jul 2017, 20:37 (Ref:3750528) | #36 | ||
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Not this old Chestnut again!
Silverstone agreed a deal with the despicable old BE that was never financially viable from the off. Clearly, they feel the vibes coming from Liberty give them an opportunity to "Right a Wrong". I think that is probably the case, but the timing could have been better to say the least.Nobody likes to negotiate with a gun held to their head. BE is to blame for everything that is evil in this World. Sure he made relatively few people incredibly wealthy but the Sport infinitely poorer. What's his legacy to the Sport?........Virtually every great race track has gone or been butchered, tedious one make support races, an F1 Paddock that nobody but the privileged few can enter and a weekend ticket price that requires a mortgage. Good luck to any promoter daft enough to try and sell that! Oh yes...and he's got all the TV Rights covered too so no potential income via that route either. The BRDC should have told him to p... off years ago. |
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11 Jul 2017, 20:38 (Ref:3750529) | #37 | |
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Well, this is the ultimate negotiating tactic. I don't doubt that Silverstone are open to a more viable offer to be put on the table. They are well aware of their heritage and in the post-Bernie era probably feel in a stronger position to discuss terms with the new owners.
On another note, which circuits are making a profit from the Formula 1 race? |
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11 Jul 2017, 20:47 (Ref:3750532) | #38 | |||
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This could have been handled far more discretely, but once the media all realised that the get-out clause existed and had to be effected before this year's event took place, then the pressure was on the BRDC to admit that they had acted. It's all very well Liberty saying that they would have started re-negotiating after the race took place, but the BRDC had to enforce the clause in the contract to ensure that Liberty didn't go back on their word, claiming that they were going to hold the BRDC to the terms of the existing contract. Liberty should have dealt with this matter months ago, out of the gaze of the public. They chose instead to insist that they had a valid and legally binding contract with the BRDC which they weren't prepared to re-negotiate. |
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11 Jul 2017, 20:51 (Ref:3750535) | #39 | ||
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I don't get Liberty's position either. As mentioned before they could negotiate a contract without he break clause.
And Silverstone didn't need to use this timing either. Hardly getting off to a good start between parties who were apparently willing to find a way forward. Hopefully it's all a storm in a tea cup and in the end not important. |
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11 Jul 2017, 20:57 (Ref:3750538) | #40 | ||
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I've told those who will listen at the BRDC to host the British GP if it's financially viable to do so........don't if it isn't. First and foremost Silverstone Circuits Ltd is a commercial enterprise, they don't have any obligation to host the race.
If all the main Players in F1 are prepared to let the British GP drop off the calendar then that sends out a rather shocking message. Nobody should place any blame on the BRDC if it's lost.....the F1 fraternity can make it happen if they value it enough. Time for them to put some coffers back into the sport. |
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11 Jul 2017, 20:59 (Ref:3750541) | #41 | ||
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I agree, don't run it at a loss.
Let's hope the rest of us can keep Silverstone viable. Of course that maybe easier if they aren't losing with the GP. |
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11 Jul 2017, 21:04 (Ref:3750542) | #42 | ||
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i dont recall Liberty stating that they wouldnt renegotiate but clearly a war of words has begun between the two groups.
motorsports article has a Liberty quote suggesting that they offered to extended the termination clause date so that this wouldnt be an issue during the GP weekend which is reasonable imo. https://www.motorsport.com/f1/news/f...clause-929434/ "We offered to extend the current deadlines in order to focus on everything that is great about Silverstone and Formula 1." make of that what you will, but every time a contract renewal comes around the BRDC makes a lot of noise about it not being sustainable but then sign the contract anyways. also didnt they just opt out a sweetheart deal that BE was forced to agree to because the Donington option failed to pan out? |
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Home, is where I want to be but I guess I'm already there I come home, she lifted up her wings guess that this must be the place |
11 Jul 2017, 21:36 (Ref:3750549) | #43 | ||
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They lose a few million a year but didn't they spend about £30m on the laughable new pits and removing one of the best corners in the world?
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11 Jul 2017, 21:44 (Ref:3750553) | #44 | |
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I don't think the old pits were useless.The problem seemed to be finding space nearby for the enormous hospitality centres that take up several multiples of the space the older coach based hospitality units needed.The same problem afflicts Brands Hatch.
I did think it was a bit disingenuous of Christian Horner to criticise the new pits when his organisation was at the forefront of the trend to require more space for their operations.How many trucks does it take to make a Grand Prix happen anyway? |
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11 Jul 2017, 21:53 (Ref:3750557) | #45 | ||
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Eh, there's about 10 times as much space in the old pits for such things as the new pits.
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11 Jul 2017, 22:57 (Ref:3750572) | #46 | ||
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Without National. Regional or Local Government support I don't believe any Grand Prix is financially viable.
A stand alone promoter,like Silverstone Circuit for example, simply cannot recover the race fee and the constant investment required in it's facilities. It may come as a surprise to many, but most at the BRDC still labour under the misplaced belief that they are the "Keepers" of the British Grand Prix. They have a duty, and a responsibility, to ensure that the race is retained for the prestige of the entire nation. These are noble and worthy principles, which explain to a large extent, why they sign up to deals which are never financially viable.Despicable BE exploited this dedication to the Sport, and Grand Prix in particular, to the max. The BRDC need support to retain the British Grand Prix,anyway it comes. The wider F1 community is perfectly able to assist if it so wishes. |
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11 Jul 2017, 23:37 (Ref:3750576) | #47 | ||
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I think and hope that a solution will be found to keep the GP at Silverstone. But the BRDC couldn't keep burning money. Something had to give. And if year in, year out full houses can't support a Grand Prix financially, something is wrong.
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12 Jul 2017, 01:36 (Ref:3750597) | #48 | ||
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12 Jul 2017, 03:21 (Ref:3750609) | #49 | |
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12 Jul 2017, 05:21 (Ref:3750617) | #50 | |
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They needed to bail out to be able to renegotiate terms to a rediculous contract. It started at a reasonable rate (hosting fee to F1), but increases by 10% per year. I would say it was stupid for BRDA to sign it in the first place, but actually the "out" clause they built into it is a masterstroke, and plays right into their hands. Longer term this was the only option and I'd be surprised if another deal is not struck to retain the race over the next 24 months (before it is lost).
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