F1 » Austin F1 race in doubt as work halted


A contractual dispute sees work halted at the new Circuit of the Americas venue in Austin, Texas casting doubt over F1's return to the United States in 2012


Last Comment

Caroline - Unregistered

November 18, 2011 4:21 PM

@Rob01

A total of 15 of F1's 19 races are funded with government money, Silverstone, Suzuka and Sao Paulo are the exceptions, although the Sao Paulo circuit gets some government funding for infrastructure. The reason governments do this is to get promotion on a scale which isn't possible with any other annual sport, as they use the races to advertise their countries, regions and cities.

On average ticket sales come to $22m, this can then be deducted from the average $27m sanctioning fee + running costs for permanent circuits and $29.5m of the $32.5m for street circuits, as street circuits sell more tickets on average than permanent venues.

It's true that the circuits (apart from Monaco) don't collect revenue from track signage, but the teams and CVC wouldn't be happy if they did, however the circuits do get raise revenue averaging $7.5 million from other sources.

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