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Baku ask Liberty for better deal from 2021
The Azerbaijan GP organisers have asked Formula 1 chiefs for a reduction in the race sanction fee it pays from 2021 onwards. The event currently pays one of the biggest fees of any race on the calendar, a move that was necessary to convince Bernie Ecclestone to give it his blessing and convince the F1 teams that Baku would be financially worthwhile. Ecclestone agreed a 10-year deal, with a break clause after five years. Having run three races thus far, Azerbaijan is committed to the current arrangements for the next two years, which will see out the first half of the original contract. "We have a contract which is a binding contract for five years, for five races, starting in...
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8y ago from GPBlog.com
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