Silverstone (again) set to terminate British GP contract.
Discussion
^^^ I too thought that it should go through the stadium. Whilst I like the bus stop, how about turn right just before that, past the aqautics centre, through the stadium, back out over the next bridge, aquatic centre on the other side and rejoin the track with a sharp right hander.
I think it should be known as the Evangeliondrome.
I think it should be known as the Evangeliondrome.
HardtopManual said:
It's very simple. If Silverstone can't turn a profit on an event attended by 300,000 people with ticket prices at many hundreds of pounds, the race fee is too large.
Yep 100% and I don't see how moving somewhere else would help, particularly if there were development costs involved too, putting bums on seats has not exactly been a problem for Silverstone.- Had to edit, there was a comma missing, standards and all that.
Edited by Norfolkit on Wednesday 12th July 11:12
Pintofbest said:
Here is the link:
http://www.silverstone.co.uk/news/silverstone-and-...
Key part for me, and based on knowing a few who work there, is this :-
'The cumulative effect is that, despite being the most popular weekend sporting event in the UK, the net revenue from ticket sales and hospitality at the British Grand Prix is not enough to cover the Grand Prix’s share of Silverstone’s overhead costs. This is why the BRDC has taken the decision to trigger the break clause in its contract with Formula 1/Liberty Media.'
The share is overhead is disproportionate with other events hence losing this will have a bigger effect on overall commercials than just the P&L of the weekend itself.
What he's saying is that it costs them more to stage the GP than any other event. He does not say anywhere that by losing the GP Silverstone will actually lose MORE money. For a moment there I thought John was losing his marbles http://www.silverstone.co.uk/news/silverstone-and-...
Key part for me, and based on knowing a few who work there, is this :-
'The cumulative effect is that, despite being the most popular weekend sporting event in the UK, the net revenue from ticket sales and hospitality at the British Grand Prix is not enough to cover the Grand Prix’s share of Silverstone’s overhead costs. This is why the BRDC has taken the decision to trigger the break clause in its contract with Formula 1/Liberty Media.'
The share is overhead is disproportionate with other events hence losing this will have a bigger effect on overall commercials than just the P&L of the weekend itself.
lord summerisle said:
there was a called for marshals several weeks ago, with the proviso that the event was "unconfirmed" and not to make any comment on social media til an official announcement was made
Yep. I heard about it a month ago. But didn't ever hear anything more back on the topic.Dissapointing the government can't find some cash not just to keep the event but to transform Silverstone into a spectacular national circuit in the way other countries have done. It could become a stunning technology hub with striking architecture similar to what was done in Stratford for the olympic park. One only has too look at Goodwood to see what can be acheived with a successfullly promoted brand.
We managed to find £21m for England's failed 2018 World Cup bid, the circuit of Wales is forecast to cost £425m. Yet, here we have a sporting event that countries all over the world are clamering to get hold of and we're prepared to let it go rather than find the cash to fund it.
We managed to find £21m for England's failed 2018 World Cup bid, the circuit of Wales is forecast to cost £425m. Yet, here we have a sporting event that countries all over the world are clamering to get hold of and we're prepared to let it go rather than find the cash to fund it.
I can totally understand why the decision has been made, but if the British GP was to drop off the calendar with everything this country brings and the history it would be like one of the top four premiership teams dropping out of the league for me.
In regards to other venues I don't see there being a choice where, Donington is not going happen as they spend loads on the bid and nearly killed it and no other circuit has the facilties required.
As for London no way it could be central to have all the pits and hospitiality in my eyes, and on the outskirts then becomes generic street circuit that could be anywhere and has no soul
In regards to other venues I don't see there being a choice where, Donington is not going happen as they spend loads on the bid and nearly killed it and no other circuit has the facilties required.
As for London no way it could be central to have all the pits and hospitiality in my eyes, and on the outskirts then becomes generic street circuit that could be anywhere and has no soul
Mellow Yellow said:
the circuit of Wales is forecast to cost £425m. Yet, here we have a sporting event that countries all over the world are clamering to get hold of and we're prepared to let it go rather than find the cash to fund it.
I don't recall Liberty saying there wouldn't be a British GP. Just the location that is in question.Oh, and Circuit of Wales is deader than dead.
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