In recent times, the System 1 calendar has undergone a substantial revamp – with file numbers of Grands Prix and the American and Center-Jap markets dominating.
Given the increase of F1, all some international locations should do for a spot of free promoting is say ‘We’re internet hosting a Grand Prix’, even whether it is solely unrealistic.
Some classics – comparable to Spa-Francorchamps – discover themselves underneath menace as F1 seeks to maximise the earnings from race internet hosting charges, with the Center-East a primary location.
In 2023, there can be races in Bahrain (the season-opener), Saudi Arabia, Qatar and Abu Dhabi – as soon as once more in its now-traditional season finale slot.
Whereas F1 seeks to eke out the utmost bang for its buck, races in Miami and Las Vegas this 12 months are considerably distinctive – as F1 itself is taking over a part of the price of every race, so essential they’re to persevering with the “explosive” development the collection is at the moment having fun with.
How a lot does the British Grand Prix pay?
Silverstone and the British Grand Prix maintain a particular place in F1’s historical past because the venue for the first-ever World Championship Grand Prix on Might thirteenth, 1950.
It has hosted the second-highest variety of Grands Prix since then, solely second to Monza which was solely lacking in 1980 when Imola stepped in.
The Northamptonshire venue’s cope with F1 at the moment runs out on the finish of 2024, which means a negotiation a couple of new one can be required within the subsequent 12 months.
It’s at the moment paying about $26 million per 12 months for the honour of a slot on the calendar which is broadly inline with different European races.
Whole value of internet hosting charges
RacingNews365.com consulted a number of sources, together with promoters, System 1 itself and the ten groups to compile an outline of the present race internet hosting contracts every venue has with F1 – by way of value per race and contract size.
In whole, the internet hosting charges got here to about $711 million per 12 months (£583 million, on the time of writing), with this cash formulating a lot of the chunk of F1’s yearly income.
| Nation | Circuit | Internet hosting Charge ($) | Contract finish | Notes |
|---|---|---|---|---|
| Bahrain | Sakhir | 52 million | 2036 | Longest working contract |
| Saudi Arabia | Jeddah | 55 million | 2030 | Might transfer to Qiddiya in future |
| Australia | Albert Park | 37 million | 2035 | |
| Azerbaijan | Baku | 57 million | 2024 | Planning on 10-year deal |
| USA | Miami | Collaboration | 2031 | |
| Italy | Imola | 21 million | 2025 | |
| Monaco | Monte Carlo | 20 million* | 2025 | *10 million + proportion of vacationer tax |
| Spain | Barcelona | 25 million | 2026 | |
| Canada | Montreal | 32 million | 2029 | |
| Austria | Purple Bull Ring | 25 million | 2023 | Extension anticipated by means of 2026 |
| Nice Britain | Silverstone | 26 million | 2024 | |
| Hungary | Hungaroring | 40 million | 2027 | Most costly European race |
| Belgium | Spa | 22 million | 2023 | Set for rotation; most likely no extension |
| Netherlands | Zandvoort | 32 million | 2025 | + possibility for two years/rotate with Spa? |
| Italy | Monza | 25 million | 2024 | |
| Singapore | Marina Bay | 35 million | 2028 | |
| Japan | Suzuka | 25 million | 2024 | |
| Qatar | Losail | 55 million | 2032 | |
| USA | Austin | 30 million | 2026 | |
| Mexico | H. Rodriguez | 30 million | 2025 | |
| Brazil | Interlagos | 25 million | 2025 | |
| Las Vegas | Las Vegas | Collaboration | 2025 | Talked about extending by means of 2032 |
| Abu Dhabi | Yas Marina | 42 million | 2030 |
Information Abstract:
- 2023 F1 circuit contracts | RacingNews365
- Verify all information and articles from the most recent Cricket updates.