Vietnamese Grand Prix 2020

Vietnamese Grand Prix 2020

Author
Discussion

Deesee

4,563 posts

41 months

Saturday 10th November 2018
quotequote all
Lannister902 said:
Lord please not another street circuit, then there's talk on here ANOTHER in London. It's obsurd.
Funnily enough racing on closed public streets is how the sport started, so almost back to routes!

Roofless Toothless

2,978 posts

90 months

Saturday 10th November 2018
quotequote all
Deesee said:
Funnily enough racing on closed public streets is how the sport started, so almost back to routes!
biggrin. I see what you did there!

anonymous-user

12 months

Saturday 10th November 2018
quotequote all
Deesee said:
Well they are claiming 4-7 million losses per event, so I'm unsure how they are generating revenue for Motorsport, they were quoted last year as..

“We are pretty much a full house, and we are charging pretty much a full price, and we still can’t make the sums add up,” Stuart Pringle, the track’s sporting director, has said.

Simple Fag pack maths suggests they somehow need to find an extra £70 profit per person to breakeven, lord knows what that would extend to in terms of turnover/sales.
They’re unlikely to get it by increasing ticket prices. That strategy, which I seem to remember was suggested to them by Ecclestone when selling them the latest contract, fell flat when numbers fell and they had to actually lower the prices again.

It would be interesting to know what the attendance (and losses) would be without the so called Hamilton effect. Maybe we’ll never know.


GOATever

2,651 posts

25 months

Saturday 10th November 2018
quotequote all
Another Herman the German kart track? I won’t prejudged it too much, but I can’t see it being anything more than a ‘stadium’ track.

Deesee

4,563 posts

41 months

Saturday 10th November 2018
quotequote all
REALIST123 said:
Deesee said:
Well they are claiming 4-7 million losses per event, so I'm unsure how they are generating revenue for Motorsport, they were quoted last year as..

“We are pretty much a full house, and we are charging pretty much a full price, and we still can’t make the sums add up,” Stuart Pringle, the track’s sporting director, has said.

Simple Fag pack maths suggests they somehow need to find an extra £70 profit per person to breakeven, lord knows what that would extend to in terms of turnover/sales.
They’re unlikely to get it by increasing ticket prices. That strategy, which I seem to remember was suggested to them by Ecclestone when selling them the latest contract, fell flat when numbers fell and they had to actually lower the prices again.

It would be interesting to know what the attendance (and losses) would be without the so called Hamilton effect. Maybe we’ll never know.
F1 attendance by race

https://www.formula1.com/en/latest/article.f1-atte...

Silverstone averages by attendance 150,000 than the average GP (200,000), 350,000 people attended making it the most popular event on the calendar.

The BRDC claim that 50% of their total turnover (55m) is the GB GP.

350,000 attendees, so they are claiming average revenue per visitor of £78.00, whilst flogging tickets for general admission at £185.00, grandstand start at £300/350.

Im pretty sure Liberty don't want to lose those attendee numbers, Likewise when you have the highest attended event with some of the highest ticket prices, you have to ask why it doesn't work.

SmoothCriminal

3,149 posts

157 months

Saturday 10th November 2018
quotequote all
Bernie saying Brazil are paying zero to host this and next years race.

ELUSIVEJIM

Original Poster:

7,911 posts

109 months

Friday 16th November 2018
quotequote all
This is supposed to be the Vietnam Street Circuit in a game.

https://www.youtube.com/watch?v=JLZi41-BFJ0

Exige77

5,461 posts

149 months

Saturday 17th November 2018
quotequote all
Deesee said:
REALIST123 said:
Deesee said:
Well they are claiming 4-7 million losses per event, so I'm unsure how they are generating revenue for Motorsport, they were quoted last year as..

“We are pretty much a full house, and we are charging pretty much a full price, and we still can’t make the sums add up,” Stuart Pringle, the track’s sporting director, has said.

Simple Fag pack maths suggests they somehow need to find an extra £70 profit per person to breakeven, lord knows what that would extend to in terms of turnover/sales.
They’re unlikely to get it by increasing ticket prices. That strategy, which I seem to remember was suggested to them by Ecclestone when selling them the latest contract, fell flat when numbers fell and they had to actually lower the prices again.

It would be interesting to know what the attendance (and losses) would be without the so called Hamilton effect. Maybe we’ll never know.
F1 attendance by race

https://www.formula1.com/en/latest/article.f1-atte...

Silverstone averages by attendance 150,000 than the average GP (200,000), 350,000 people attended making it the most popular event on the calendar.

The BRDC claim that 50% of their total turnover (55m) is the GB GP.

350,000 attendees, so they are claiming average revenue per visitor of £78.00, whilst flogging tickets for general admission at £185.00, grandstand start at £300/350.

Im pretty sure Liberty don't want to lose those attendee numbers, Likewise when you have the highest attended event with some of the highest ticket prices, you have to ask why it doesn't work.
The costs of all the people needed to stage this kind of event in a “first world country” are huge. I can well understand that even with extortionate ticket prices many can’t make a profit.

StevieBee

9,090 posts

213 months

Saturday 17th November 2018
quotequote all
Exige77 said:
The costs of all the people needed to stage this kind of event in a “first world country” are huge. I can well understand that even with extortionate ticket prices many can’t make a profit.
I think I'm right in thinking that it's the second single biggest public event in the UK after Glastonbury and certainly the largest single sporting event,

As for the finances, they did turn a profit a few years back when they hired that chap who used to be CEO of Sainsbury's. It's been observed by many that Silverstone is run by a club with club mentality, not as a commercial endeavour. It does seem odd that even with the fee paid to F1, that with such popularity it can't be made to work.

I've long thought there to be a case top create 'blue-ribbon' GPs. These would exists as a normal part of the season calendar but their existence within it is ring-fenced and a lower fee charged. These would be those GPs held in countries that have contributed greatly to the sport and hosted races for a long period of time. Blue Ribbon GPs would of course include the UK as well as the likes of Italy, France, Germany, etc. Nothing to stop new countries coming forward but they pay a higher price.

Perhaps create a tier system a bit like they have in Tennis with the grand slams, world tours, etc (although of course they don't have a championship to speak of). So for races like Singapore, they might be deserving of something other than just a GP but not yet into Blue Ribbon territory.

Just a thought!


anonymous-user

12 months

Saturday 17th November 2018
quotequote all
Deesee said:
REALIST123 said:
Deesee said:
Well they are claiming 4-7 million losses per event, so I'm unsure how they are generating revenue for Motorsport, they were quoted last year as..

“We are pretty much a full house, and we are charging pretty much a full price, and we still can’t make the sums add up,” Stuart Pringle, the track’s sporting director, has said.

Simple Fag pack maths suggests they somehow need to find an extra £70 profit per person to breakeven, lord knows what that would extend to in terms of turnover/sales.
They’re unlikely to get it by increasing ticket prices. That strategy, which I seem to remember was suggested to them by Ecclestone when selling them the latest contract, fell flat when numbers fell and they had to actually lower the prices again.

It would be interesting to know what the attendance (and losses) would be without the so called Hamilton effect. Maybe we’ll never know.
F1 attendance by race

https://www.formula1.com/en/latest/article.f1-atte...

Silverstone averages by attendance 150,000 than the average GP (200,000), 350,000 people attended making it the most popular event on the calendar.

The BRDC claim that 50% of their total turnover (55m) is the GB GP.

350,000 attendees, so they are claiming average revenue per visitor of £78.00, whilst flogging tickets for general admission at £185.00, grandstand start at £300/350.

Im pretty sure Liberty don't want to lose those attendee numbers, Likewise when you have the highest attended event with some of the highest ticket prices, you have to ask why it doesn't work.
To be honest, I’m not sure what you’re saying or why you’ve said it in reply to my post.

All I said is that they’ve tried increasing prices and it resulted in falling numbers. I also wondered what the attendance would be without Hamilton.

The fact that they lose money on it is a proven fact, I believe.

BTW 350,000 at £78 could be right. That’s numbers over the weekend; there aren’t 350,000 different people buying tickets. £185 GA is for all three days. £60 a day average.

Those who only go on Friday pay £50.

I think it’s clear why they lose money; the £20 odd million (soon to be 27) they pay Liberty.

FourWheelDrift

80,846 posts

242 months

Wednesday 11th December 2019
quotequote all
Updated track layout.


BigBen

10,279 posts

188 months

Thursday 12th December 2019
quotequote all
Anyone thinking of going to this one?

I am considering it as an alternative to my bi-annual trip to Austin

Ben

anonymous-user

12 months

Thursday 12th December 2019
quotequote all
BigBen said:
Anyone thinking of going to this one?

I am considering it as an alternative to my bi-annual trip to Austin

Ben
You go to Austin twice each year? Or do you mean biennial?

Where have you stayed there? I’ve just booked flights there for 2020, need to find some accommodation.

BigBen

10,279 posts

188 months

Thursday 12th December 2019
quotequote all
REALIST123 said:
BigBen said:
Anyone thinking of going to this one?

I am considering it as an alternative to my bi-annual trip to Austin

Ben
You go to Austin twice each year? Or do you mean biennial?

Where have you stayed there? I’ve just booked flights there for 2020, need to find some accommodation.
I do, at least. But for the GP I of course meant biennial.

I have rented a house just outside the city (I think the owners are dead now or I would likely have done it again) bit of a PITA but worked well with a big group.

I have stayed in a friend's RV at Bastrop, handy for the circuit but a bit of a drive into the city for entertainment

Most recently stayed in a Days Inn or some other budget chain downtown, most expensive yet sttest hotel I have stayed in but worth doing as the weekend is as much about the social side than the racing.

anonymous-user

12 months

Thursday 12th December 2019
quotequote all
BigBen said:
REALIST123 said:
BigBen said:
Anyone thinking of going to this one?

I am considering it as an alternative to my bi-annual trip to Austin

Ben
You go to Austin twice each year? Or do you mean biennial?

Where have you stayed there? I’ve just booked flights there for 2020, need to find some accommodation.
I do, at least. But for the GP I of course meant biennial.

I have rented a house just outside the city (I think the owners are dead now or I would likely have done it again) bit of a PITA but worked well with a big group.

I have stayed in a friend's RV at Bastrop, handy for the circuit but a bit of a drive into the city for entertainment

Most recently stayed in a Days Inn or some other budget chain downtown, most expensive yet sttest hotel I have stayed in but worth doing as the weekend is as much about the social side than the racing.
At the moment we have an Omni hotel reserved, about $400 a night. A few miles from downtown but 1/2 the price of the similar hotels there!

About 10 miles from COTA, 5 from DT or airport.

TheDeuce

7,316 posts

24 months

Thursday 12th December 2019
quotequote all
BigBen said:
Anyone thinking of going to this one?

I am considering it as an alternative to my bi-annual trip to Austin

Ben
We have considered it (mostly to be honest, because we want to see Vietnam anyway) but have decided to maybe go 2021 instead. Dependent on how good the circuit proves to be. I think the turn 8 seating would be best, giving a long view down both long straights for overtaking and the braking into the very tight turns 6 & 7.

I think it could potentially be a very good circuit though - and if you're brave enough to take the year one risk of the unknown, there is at least plenty of potential for an unusual result. New circuit = at least one team is going to get their set-up wrong (or very right) and end in a position that isn't typical for their car.

For next year, if at all possible, I'm hoping to go to Zandvoort smile

anonymous-user

12 months

Thursday 12th December 2019
quotequote all
TheDeuce said:
BigBen said:
Anyone thinking of going to this one?

I am considering it as an alternative to my bi-annual trip to Austin

Ben
We have considered it (mostly to be honest, because we want to see Vietnam anyway) but have decided to maybe go 2021 instead. Dependent on how good the circuit proves to be. I think the turn 8 seating would be best, giving a long view down both long straights for overtaking and the braking into the very tight turns 6 & 7.

I think it could potentially be a very good circuit though - and if you're brave enough to take the year one risk of the unknown, there is at least plenty of potential for an unusual result. New circuit = at least one team is going to get their set-up wrong (or very right) and end in a position that isn't typical for their car.

For next year, if at all possible, I'm hoping to go to Zandvoort smile
We thought about Hanoi but, having been there a couple of times it’s my least favourite Vietnamese place, especially with the pollution and poverty. The risk of another poor street circuit also tells me to wait and see how it goes first.


TheDeuce

7,316 posts

24 months

Thursday 12th December 2019
quotequote all
REALIST123 said:
We thought about Hanoi but, having been there a couple of times it’s my least favourite Vietnamese place, especially with the pollution and poverty. The risk of another poor street circuit also tells me to wait and see how it goes first.
That's pretty much our feeling too. Also... what's the chances that year one hosting this sort of sporting event will result in monumental traffic and organisational issues? I've never been but Hanoi does have a bit a reputation for being a disorganised crunch spot even on a typical day. I have no doubt the organisers will have considered the same and made a great effort, and no matter what we'd cope... But combined with not even knowing what the racing will be like, we're gonna hold off.

Very much looking forward to watching from home though next year though.

BigBen

10,279 posts

188 months

Thursday 12th December 2019
quotequote all
TheDeuce said:
REALIST123 said:
We thought about Hanoi but, having been there a couple of times it’s my least favourite Vietnamese place, especially with the pollution and poverty. The risk of another poor street circuit also tells me to wait and see how it goes first.
That's pretty much our feeling too. Also... what's the chances that year one hosting this sort of sporting event will result in monumental traffic and organisational issues? I've never been but Hanoi does have a bit a reputation for being a disorganised crunch spot even on a typical day. I have no doubt the organisers will have considered the same and made a great effort, and no matter what we'd cope... But combined with not even knowing what the racing will be like, we're gonna hold off.

Very much looking forward to watching from home though next year though.
I am actually of the opinion that the quality of the racing matters a lot less when you are there, it is more about the atmosphere. For instance I did Monaco one year and it was great despite the race undoubtedly being a snooze fest on TV.



anonymous-user

12 months

Thursday 12th December 2019
quotequote all
BigBen said:
TheDeuce said:
REALIST123 said:
We thought about Hanoi but, having been there a couple of times it’s my least favourite Vietnamese place, especially with the pollution and poverty. The risk of another poor street circuit also tells me to wait and see how it goes first.
That's pretty much our feeling too. Also... what's the chances that year one hosting this sort of sporting event will result in monumental traffic and organisational issues? I've never been but Hanoi does have a bit a reputation for being a disorganised crunch spot even on a typical day. I have no doubt the organisers will have considered the same and made a great effort, and no matter what we'd cope... But combined with not even knowing what the racing will be like, we're gonna hold off.

Very much looking forward to watching from home though next year though.
I am actually of the opinion that the quality of the racing matters a lot less when you are there, it is more about the atmosphere. For instance I did Monaco one year and it was great despite the race undoubtedly being a snooze fest on TV.
I think there’s two different things. The event, trip whatever you want to call it, and the experience to be had which will vary from place to place.

Then there’s the race; but the whole will always be better with a memorable race.

Incidentally, the whole of the above is why I’ll likely never go to Paul Ricard....... for me it will always fail on both measures..........