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spa's bankrupt

Discussion in 'Other Racing' started by Remy Zero, Oct 27, 2005.

  1. Remy Zero

    Remy Zero Two Time F1 World Champ

    Apr 26, 2005
    21,745
    KL, Malaysia
    Full Name:
    MC Cool Breeze
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  3. SSNISTR

    SSNISTR F1 Veteran

    Feb 13, 2004
    8,014
    SFL
    That sucks, one of my favorite tracks!
     
  4. ernie

    ernie Two Time F1 World Champ
    Lifetime Rossa Owner

    Nov 19, 2001
    22,063
    The Brickyard
    Full Name:
    The Bad Guy
    Why in the heck does Bernie need $15MM to run a race at your track. Good grief no wonder F1 is in trouble.
     
  5. WDR328

    WDR328 Formula 3

    Dec 11, 2003
    1,473
    The Bugscuffle Inn
    Full Name:
    D. Rose
    Because that is what the promoter and Bernie agreed to. There were insufficient ticket sales, Bernie wants paid for bringing his circus to town and GPF1 got caught with their pants down.
     
  6. Gilles27

    Gilles27 F1 World Champ

    Mar 16, 2002
    13,337
    Ex-Urbia
    Full Name:
    Jack
    The stupid thing is, the core value of the races is in the television rights. 10s of millions of TV viewers (or possibly 100s) and the advertising revenue and exposure generated by them versus the 75-100K heads that pass through the gates on raceday. He should back off the amount he charges since it's peanuts to him anyway. Especially when a race that's as prominent as Spa is concerned. I mean, suppose about 50,000 show up for the race, which can't accomodate as many grandstands as most tracks. That means the first $300 from each goes to Bernie. Over the weekend that number may double or possible triple, but even so that means that the first $100-$200 from those attending is going to Bernie. Ecclestone needs to assess how he's going to share the massive wealth his sport generates, because he's speeding towards a showdown with the teams, without whom he has nothing. And since he seems to enjoy alienating the best tracks on the circuit, soon he'll be left with nothing but flat, boring racing malls.
     
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