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Baku wants revised F1 contract and race in June
Azerbaijan wants their grand prix to return to a June slot on the Formula 1 calendar and is pushing to renegotiate its contract post-2020 so that it pays less in race-hosting fees and gains more from commercial benefits. Promoter Arif Rahimov told reporters at the Monaco Grand Prix that the current contract was a binding commitment for five races from 2016 but with a break clause before a subsequent five. That clause has to be activated before the end of June. “We haven’t triggered the break clause, we’re negotiating on the second part of the contract,” said Rahimov. Azerbaijan pays more than most for its race in Baku and any reduction in fees would hit commercial rights holders...
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8y ago from GrandPrix247.com
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