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F1 race promoters want lower fees - Wolff
May 27 Toto Wolff says it is clear F1 race promoters want to renegotiate their contracts with the sport. Many promoters who negotiated their agreements and fees with now-ousted F1 supremo Bernie Ecclestone are now seeking better terms under the Liberty Media regime. In Monaco, Liberty met with the race promoters. Baku, Russia, Abu Dhabi and others want to lower their annual fees, Hockenheim is holding out on a new deal, while Silverstone has announced it is ending its contract. Mercedes boss Wolff acknowledged the turmoil. "Paying for the right to have a race is one of the three main sources of income under the previous business model that Bernie created," he said in Monaco....
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7y ago from OneStopStrategy.com
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