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Liberty Media race changes could mean less revenue, worries Wolff
Mercedes boss Toto Wolff feels that Liberty Media's change in approach to how revenue is generated around races may lead to a drop in earnings, as former owner Bernie Ecclestone was so skilled at extracting maximum value from such deals in the past. The deal for the upcoming Miami Grand Prix is a move away from the previous structure of a promoter paying a flat fee for entrance into the calendar; instead, F1 will take a percentage of the gate and any other associated raceday income that is generated. As a result other existing promoters, including those representing Germany and Azerbaijan, are looking to renegotiate their deals with Liberty Media to a mare favourable agreement similar...
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7y ago from GPFans.com
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