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F1 "not afraid of risk" with new races
Formula One CEO Chase Carey says that they are "not afraid of risk" when it comes to adding new races to their calendar. The Miami Grand Prix has now been postponed until 2020 will run on a risk-sharing initiative shared between F1 and local promoter South Florida Racing, rather than on the standard model of an event paying F1 a fee to host the grand prix. This move has caused some controversy within the sport, with many promotes who have already committed to lucrative long-term traditional deals. "Realistically, every race is unique," Carey told Autosport. "I think each one we'd look at in specific terms. People don't realise that frequently these events have...
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7y ago from GPBlog.com
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