News Details
Wolff: Hosting fees are not sustainable
Liberty Media needs to look at other avenues for generate income for Formula 1 with Toto Wolff stating that current hosting fees are not sustainable. Last year Silverstone activated a break clause to cease hosting the British Grand Prix race after 2019, citing finances as the reason. That, though, is not the only race under threat. Hockenheim have also stated that they 'cannot continue' with the current conditions of their contract as they are taking huge financial losses. Wolff agrees these deals are not working for the circuits. 'Sanction fees were one of the three key revenue generators in the old Bernie Formula One business model. And he was exceptional at these deals,' the Mercedes...
Full Story »
Full Story »
7y ago from PlanetF1.com
0
You May Also Be Interested In...
Wolff: Not sure if Bernie's old deals are sustainable
Formula 1 can no longer count on raking in huge sums of money from grand...
7y ago from GrandPrix247.com
Wolff: F1 can't carry on with high hosting fees
Mercedes team principal Toto Wolff has warned that the F1 can't continue...
7y ago from GPBlog.com
Baku seeking better deal with Liberty Media
Azerbaijan Grand Prix promoter Arif Rahimov has revealed that they want...
7y ago from PlanetF1.com
F1 race promoters stepping up efforts to reduce fees -...
Toto Wolff believes that in the future Formula 1 will no longer be able...
7y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia: I have potential to make Marc...
No description available...
3h ago from Motorsport.com
Fabio Di Giannantonio: Ducati no longer have an edge...
Fabio Di Giannantonio believes Ducati no longer have an edge over rival...
9h ago from MotorsportWeek.c...
Marc Marquez and Ducati set for two-year MotoGP...
No description available...
1d ago from Motorsport.com
Ducati showcases 2026 MotoGP livery
Reigning back-to-back Teams’ Champions Ducati Corse has unveiled its...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
5d ago from MotorsportWeek.c...
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
5d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
5d ago from Motorsport.com
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier still has motivation “to go for...
No description available...
5h ago from Motorsport.com
Sebastien Loeb after 13 Dakar punctures: Cars now...
No description available...
2d ago from Motorsport.com
Nani Roma: Dakar 2026 at 'F1 level' after close fight
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
'Chance to remind us why we signed him' - Fans react...
Fans reacted to the inclusion of midfielder Eberechi Eze in Arsenal's...
56m ago from SportsKeeda.com
Inter Milan v Arsenal – live blog
Join us for live blog coverage of our Champions League clash away to Inter...
46m ago from Arseblog.com
Arsenal contact made: Arteta pushing to sign 50...
Arsenal have been linked with the move for the Inter Milan fullback,...
16m ago from CaughtOffside.com
Mikel Arteta in awe of La Liga gem, Arsenal would need...
Arsenal continue to be linked with a move for the Real Madrid attacker...
3h ago from CaughtOffside.com
Comments
Hottest News
New Audi livery F1 2026 - first images
Audi has become the first of two new F1 teams... Read More »
1h ago from RacingNews365.com
F1: Audi reveals the R26
Audi's F1 adventure gets underway as the German... Read More »
56m ago from Pitpass.com
Honda admits ‘we will struggle' in 2026 as power unit...
Honda has admitted that its new F1 power unit... Read More »
6h ago from MotorsportWeek.com
