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Bernie fails to understand something. F1 needs this far more than London does. Beyond our happy corner of the world, the vast majority of people don't care about F1, and there is plenty of opposition from those who do like F1. Monace works because it's the biggest event of the year there, F1 in London would be a relatively small fish in a very large pond. It's the same reason that there isn't a race in Paris, Rome or Berlin.