News Details
Wolff: F1 can't carry on with high hosting fees
Mercedes team principal Toto Wolff has warned that the F1 can't continue its business model of demanding high fees for the circuits to host the race, as the Austrian claims that this idea is not sustainable. Wolff explained that sanction fees were a big part of the old F1's business model, but that this is no longer sustainable. “Sanction fees were one of the three key revenue generators in the old Bernie Formula One business model," Wolff told Reuters. "And he was exceptional at these deals. “I am not sure that is sustainable. “Bernie was squeezing the last cent out for the benefit of the shareholders and the teams but it left certain promoters in a...
Full Story »
Full Story »
7y ago from GPBlog.com
0
You May Also Be Interested In...
F1 race promoters want lower fees – Wolff
Toto Wolff says it is clear F1 race promoters want to renegotiate their...
7y ago from ThisIsF1.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
F1 race promoters want lower fees - Wolff
May 27 Toto Wolff says it is clear F1 race promoters want to renegotiate...
7y ago from OneStopStrategy.com
Wolff 'disturbed' by FIA claims about Mercedes...
Mercedes boss Toto Wolff has labelled revelations that it was two Silver...
7y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Why Aprilia boss is "disappointed" about not...
No description available...
9h ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
1d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
2d ago from Motorsport.com
Trackhouse Aprilia launches two liveries ahead of 2026...
Trackhouse Aprilia satellite team has launched its two new liveries in...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
5h ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
11h ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
13h ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
12h ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg moves clear of the...
No description available...
4h ago from Motorsport.com
Solberg sensational in the snow (and slush, and rain)
Oliver Solberg and Elliot Edmondson, making their debut as full-time...
7h ago from MotorsportWeek.c...
FIA offers update on new WRC commercial rights holder...
No description available...
8h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
12h ago from Motorsport.com
Popular On GunnersToday.com
Carrick's Man Utd aiming to 'prove' themselves as...
Manchester United head coach Michael Carrick is relishing the opportunity...
3h ago from SkySports.com
Mikel Arteta tells these Arsenal players 'they have to...
Arsenal manager Mikel Arteta has explained that his bigger squad this...
3h ago from CaughtOffside.com
Arsenal and Man United exploring move for...
Arsenal and Manchester United are reportedly exploring a potential move...
3h ago from CaughtOffside.com
Arsenal boss Mikel Arteta addresses 'best in the...
Arsenal manager Mikel Arteta has dismissed suggestions from Pep Guardiola...
3h ago from SportsKeeda.com
Comments
Hottest News
Adrian Newey 'furious' about latest FIA ruling
F1 design legend Adrian Newey has reportedly been... Read More »
5h ago from GPFans.com
Verstappen explains why he is enthusiastic for the team’s...
Four-time F1 world champion Max Verstappen... Read More »
2h ago from F1Technical.net
Ferrari to 'raid McLaren' after Lewis Hamilton switch
Lewis Hamilton will have a new race engineer in... Read More »
6h ago from GPFans.com
