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Old 8 Mar 2019, 16:57 (Ref:3889204)   #1996
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All this simply reflects the Silverstone situation.
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Old 12 Mar 2019, 10:15 (Ref:3889860)   #1997
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According to this article Liberty Media's CEO Greg Maffei blames Ecclestone for the current situation.

http://classic.autosport.com/news/report.php/id/142049
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Old 12 Mar 2019, 10:43 (Ref:3889862)   #1998
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According to this article Liberty Media's CEO Greg Maffei blames Ecclestone for the current situation.

http://classic.autosport.com/news/report.php/id/142049
"And we got a lot of blow back, partly because we're public now and they can see the prices, and also partly because Bernie suggested to a lot of them that they were overpaying. That didn't help the cause."

Does this mean that the hosting fees of the Grand Prix are now publicly available?

If so

Where can we see them?
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Old 12 Mar 2019, 11:26 (Ref:3889875)   #1999
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How could Bernie have suggested to a lot of them that they were overpaying, when it was he who set the price in the first place and did he ever say he would accept a reduced sanctioning fee, or reimburse those who had overpaid?
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Old 12 Mar 2019, 12:50 (Ref:3889884)   #2000
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"And we got a lot of blow back, partly because we're public now and they can see the prices, and also partly because Bernie suggested to a lot of them that they were overpaying. That didn't help the cause."

Does this mean that the hosting fees of the Grand Prix are now publicly available?

If so

Where can we see them?
I suspect the individual contract details are not public? I would expect that the aggregates of segments of the business are public. Such as... cost, revenue and ultimately the profitability from hosting fees. Maybe the promoters see that margins for the fees are high. They struggle to come up with the money to line the pockets of someone else.

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Old 12 Mar 2019, 14:09 (Ref:3889910)   #2001
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if i was a promoter i would hire BE as a consultant to negotiate my sanctioning fee.
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Old 12 Mar 2019, 19:01 (Ref:3889969)   #2002
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if i was a promoter i would hire BE as a consultant to negotiate my sanctioning fee.
He would probably find a way to give you a large bill plus extract a kickback from Liberty as well! In the end, it may cost you more!

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Old 12 Mar 2019, 19:40 (Ref:3889978)   #2003
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He would probably find a way to give you a large bill plus extract a kickback from Liberty as well! In the end, it may cost you more!

Richard
right!
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Old 13 Mar 2019, 14:39 (Ref:3890137)   #2004
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I wrote recently in the F1 on TV debate thread that it has been discovered that the average sanctioning fee is now US$30.4 million per year.

Having just considered that a bit more, I think that the figure must be heavily skewed downwards because, to the best of my knowledge, Monaco pays nothing to FOM for holding their annual event.

So, I wonder what the real figure is?
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Old 13 Mar 2019, 15:03 (Ref:3890146)   #2005
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I wrote recently in the F1 on TV debate thread that it has been discovered that the average sanctioning fee is now US$30.4 million per year.

Having just considered that a bit more, I think that the figure must be heavily skewed downwards because, to the best of my knowledge, Monaco pays nothing to FOM for holding their annual event.

So, I wonder what the real figure is?
Having Monaco pay nothing doesn't skew the average that much. 21 x $30.4 million = about $638.4 million or so.

Excluding Monaco: $638.4/20 = $31.92 million -- the average is only about $1.5 million higher
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Old 21 Mar 2019, 19:51 (Ref:3892534)   #2006
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Formula1.com piece (2 videos) on the new circuit in Hanoi Vietnam for 2020

Seems to be a bit like Singapore in that it has a purpose built section as well as street sections including a first corner complex that at first glance appears reminiscent of Oscherleben Turn 1...and that has been a crash fest over the years.
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Old 21 Mar 2019, 20:40 (Ref:3892544)   #2007
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If the 2nd video has only just been made, it would suggest that they have a long way to go for a race that is supposed to be inaugurated in just a year's time.
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Old 21 Mar 2019, 20:41 (Ref:3892545)   #2008
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Formula1.com piece (2 videos) on the new circuit in Hanoi Vietnam for 2020

Seems to be a bit like Singapore in that it has a purpose built section as well as street sections including a first corner complex that at first glance appears reminiscent of Oscherleben Turn 1...and that has been a crash fest over the years.
I don't understand why F1 needs a Vietnam GP? There is no grass roots motorsport, which can be developed by having a Formula 1 GP there. It will just go the way of the South Korean GP, the Indian GP and the Turkish GP. Why not look to either Europe, or South America, both of which have a long established motosports fan base?
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Old 21 Mar 2019, 20:54 (Ref:3892552)   #2009
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If the 2nd video has only just been made, it would suggest that they have a long way to go for a race that is supposed to be inaugurated in just a year's time.
I believe it's scheduled for April next year.
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Old 21 Mar 2019, 22:14 (Ref:3892591)   #2010
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Well will it find the space on the calendar? It’s hard to tell
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