F1 back in Austria in 2014

more news and interesting comments by mr. Red bull himself
Formula 1 - Mateschitz to fund Austrian GP himself - Yahoo! Eurosport UK

this part I found particularly interesting
"Ticket revenues will probably cover the cost of staging the race, but not the promoter's fee. That's my expense."

how in the world can you as a promoter go into a track and demand they make a loss so you can make an absurd profit
This is an untenable situation and at some point it will backfire.
I know he has an extra special deal with Monza so they make money, but I believe every other track has to be subsidized in order for the "promoters fee" to be paid
ridiculous

Quote:

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Originally Posted by truefan72

more news and interesting comments by mr. Red bull himself
Formula 1 - Mateschitz to fund Austrian GP himself - Yahoo! Eurosport UK

this part I found particularly interesting
"Ticket revenues will probably cover the cost of staging the race, but not the promoter's fee. That's my expense."

how in the world can you as a promoter go into a track and demand they make a loss so you can make an absurd profit
This is an untenable situation and at some point it will backfire.
I know he has an extra special deal with Monza so they make money, but I believe every other track has to be subsidized in order for the "promoters fee" to be paid
ridiculous

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Uhh, he said he's paying the fee out of pocket. Duh?

Quote:

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Originally Posted by truefan72

more news and interesting comments by mr. Red bull himself
Formula 1 - Mateschitz to fund Austrian GP himself - Yahoo! Eurosport UK

this part I found particularly interesting
"Ticket revenues will probably cover the cost of staging the race, but not the promoter's fee. That's my expense."

how in the world can you as a promoter go into a track and demand they make a loss so you can make an absurd profit
This is an untenable situation and at some point it will backfire.
I know Bernie has an extra special deal with Monza so they make money, but I believe every other track has to be subsidized in order for the "promoters fee" to be paid
ridiculous

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for those who might be confused

Quote:

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Originally Posted by truefan72

for those who might be confused

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So your problem is that F1 makes money? what do you suppose will happen to F1 when they are no longer making money?

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Originally Posted by vhatever

So your problem is that F1 makes money? what do you suppose will happen to F1 when they are no longer making money?

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I think what he is trying to say is that Bernie is squeezing the circuits so much for his own benefit. But if it gets to the point where the fees are so high the circuits are making a loss, then we might end up with a situation where many circuits just can't afford to host a Grand Prix. Either that or the ticket prices have to go up so much that many fans just can't afford to go.

Like a company squeezing its suppliers so much that the supplier goes out of business. Not a great business model.

Quote:

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Originally Posted by Brown, Jon Brow

I think what he is trying to say is that Bernie is squeezing the circuits so much for his own benefit. But if it gets to the point where the fees are so high the circuits are making a loss, then we might end up with a situation where many circuits just can't afford to host a Grand Prix. Either that or the ticket prices have to go up so much that many fans just can't afford to go.

Like a company squeezing its suppliers so much that the supplier goes out of business. Not a great business model.

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And yet F1's cup floweth over with future race locale prospects.

may be bernie right

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Originally Posted by pyro2212

may be bernie right

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Bernie right always. He know what he is doing.

Quote:

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Originally Posted by vhatever

And yet F1's cup floweth over with future race locale prospects.

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But how many prove to be sustainable? Turkey and Valencia both weren't, and I bet Korea won't last much longer.

Which of the current driver's has raced F1 on that track?