| View previous topic :: View next topic |
| Author |
Message |
Podge 90
F2 Racer
Joined: 31 Mar 2010
Posts: 486
|
 Posted: Thu Jun 28, 2012 17:27 Post subject: Bernie and his pay packet. |
 |
|
With all this London GP conjecture going on, and the belief that Bernie - BERNIE ECCLESTONE - would pay £35million to host a GP it got me wondering.
Does such a thing exist that shows how much the individual circuits pay to host a GP? Or does anybody know any specific examples? Or is this kind of thing kept hidden from the public domain?
Just out of curiosity. |
|
| Back to top |
|
 |
solarflare
World Champion
Joined: 10 Oct 2005
Posts: 3279
|
| Posted: Thu Jun 28, 2012 22:03 Post subject: |
|
|
Dunno but does this mean Bernie would be negotiating with himself to determine the race fee 
_________________
Life is.....the gap between Formula 1 Grands Prix |
|
| Back to top |
|
|
Ash
F3 Racer
Joined: 26 Mar 2011
Posts: 208
|
| Posted: Thu Jun 28, 2012 22:20 Post subject: Re: Bernie and his pay packet. |
|
|
| Podge 90 wrote: | With all this London GP conjecture going on, and the belief that Bernie - BERNIE ECCLESTONE - would pay £35million to host a GP it got me wondering.
|
I find this very hard to believe. in fact, I don't believe it for one moment. |
|
| Back to top |
|
|
Editor
Site Admin
Joined: 19 Feb 2004
Posts: 4033
Location: England
|
| Posted: Thu Jun 28, 2012 22:41 Post subject: |
|
|
| Bernie didn't even attend tonights event in London |
|
| Back to top |
|
|
Podge 90
F2 Racer
Joined: 31 Mar 2010
Posts: 486
|
| Posted: Thu Jun 28, 2012 23:06 Post subject: Re: Bernie and his pay packet. |
|
|
| Ash wrote: | | Podge 90 wrote: | With all this London GP conjecture going on, and the belief that Bernie - BERNIE ECCLESTONE - would pay £35million to host a GP it got me wondering.
|
I find this very hard to believe. in fact, I don't believe it for one moment. |
Me neither. I meant it as an "as if" comment. Why would he pay when he gets paid everywhere else.
Read it with a snarky tone and it'll make more sense. |
|
| Back to top |
|
|
TokyoAussie
F1 Driver
Joined: 08 Nov 2005
Posts: 946
Location: Tokyo, Japan
|
| Posted: Fri Jun 29, 2012 00:55 Post subject: |
|
|
Just watched the "London GP" video.
http://youtu.be/BH85rfO_ktg
Here are my thoughts.
1). It will never happen, never was going to either.
2) Yet another bloody night race, for pete's sake.
3) Sack Tilke. JB & LH can do a better job.
 |
|
| Back to top |
|
|
bawjohnson
F3 Racer
Joined: 27 Mar 2011
Posts: 247
|
| Posted: Fri Jun 29, 2012 07:51 Post subject: |
|
|
Bernie announces London GP (again) in order to cover up the Gribowsky jailing story..?
Bernard Ecclestone - Playing F1(c) like a fiddle since 1972 |
|
| Back to top |
|
|
SkidMarks
Grand Prix Winner
Joined: 10 Jul 2006
Posts: 1781
Location: Atherton, Gtr Manchester, UK
|
| Posted: Fri Jun 29, 2012 10:45 Post subject: |
|
|
| bawjohnson wrote: | | Bernie announces London GP (again) in order to cover up the Gribowsky jailing story..? |
Wasn't it Santander? I thought Bernie was just responsible for the RBS fiasco.
_________________
Yes, I Know that I'm a BOF. Someone please tell me why I still watch. |
|
| Back to top |
|
|
Podge 90
F2 Racer
Joined: 31 Mar 2010
Posts: 486
|
| Posted: Fri Jun 29, 2012 10:59 Post subject: |
|
|
Ok, I've stopped being lazy and done some hard detective work (....googling).
It seems from the 19 races in 2010, FOM received $560-$570million purely from the hosting fees. On average, that's around $30million from each place - obviously some will be more and some will be less; some reckon Singapore pay upwards of $90m!
Assuming that these fees go up every year, it makes it even more ludicrous that if a London GP is to happen, people believe Bernie will pay for the privilege!
I don't think the New Jersey fees have been disclosed yet, but if he got those 'Mericans to pay for a Grand Prix with New York as a backdrop, I don't think the option of him paying to have a race in the capital of Formula One's home would have even entered his mind!
So basically, in a rather convoluted way, this is all rather silly. |
|
| Back to top |
|
|
porscheman
F2 Racer
Joined: 25 Feb 2011
Posts: 303
Location: Oakville, Ontario Canada
|
| Posted: Fri Jun 29, 2012 13:00 Post subject: |
|
|
| solarflare wrote: | | Dunno but does this mean Bernie would be negotiating with himself to determine the race fee |
Yes. Bernie would be the promoter and cut himself a sweetheart deal. For Bernie, charity really does begin at home! Sadly, I too believe this race will never happen. But what an event it would be if it ever did! |
|
| Back to top |
|
|
IMSA Racer
Grand Prix Winner
Joined: 18 Nov 2007
Posts: 1416
Location: Lake Minnetonka, Minnesota
|
| Posted: Fri Jun 29, 2012 18:21 Post subject: |
|
|
I believe London has truly gone mad . . . and with a sponsor that needs a major bailout from the EU.
I can't see it happening.
_________________
Ex IMSA Racer |
|
| Back to top |
|
|
solarflare
World Champion
Joined: 10 Oct 2005
Posts: 3279
|
| Posted: Fri Jun 29, 2012 20:02 Post subject: |
|
|
| Podge 90 wrote: | | It seems from the 19 races in 2010, FOM received $560-$570million purely from the hosting fees. On average, that's around $30million from each place - obviously some will be more and some will be less; some reckon Singapore pay upwards of $90m! |
It'd be fascinating to know in these contract negotiations what the rationale is for everyone paying different amounts.
One can understand the classic races and those that have been on the calendar for a while maybe being a bit cheaper, but it has always felt to me that since the real boom of new circuits appearing since 1999 with Malaysia that all these venues pay quite a variation in fees.
Wonder how that one is sold to the promoters/financiers.
| Podge 90 wrote: | | So basically, in a rather convoluted way, this is all rather silly. |
As postulated by others e.g. Joe Saward, the logic seems to be "talk about a London GP to distract from the Gribkowsky bribe stuff". Which seems...plausible.
_________________
Life is.....the gap between Formula 1 Grands Prix |
|
| Back to top |
|
|
porscheman
F2 Racer
Joined: 25 Feb 2011
Posts: 303
Location: Oakville, Ontario Canada
|
| Posted: Sat Jun 30, 2012 00:38 Post subject: |
|
|
| solarflare wrote: |
As postulated by others e.g. Joe Saward, the logic seems to be "talk about a London GP to distract from the Gribkowsky bribe stuff". Which seems...plausible. |
Speaking of agendas ... |
|
| Back to top |
|
|
porscheman
F2 Racer
Joined: 25 Feb 2011
Posts: 303
Location: Oakville, Ontario Canada
|
| Posted: Sat Jun 30, 2012 00:44 Post subject: |
|
|
| solarflare wrote: | | Podge 90 wrote: | | It seems from the 19 races in 2010, FOM received $560-$570million purely from the hosting fees. On average, that's around $30million from each place - obviously some will be more and some will be less; some reckon Singapore pay upwards of $90m! |
It'd be fascinating to know in these contract negotiations what the rationale is for everyone paying different amounts.
One can understand the classic races and those that have been on the calendar for a while maybe being a bit cheaper, but it has always felt to me that since the real boom of new circuits appearing since 1999 with Malaysia that all these venues pay quite a variation in fees.
Wonder how that one is sold to the promoters/financiers. |
Quite simple really. Bernie surgically extracts all that is humanly possible from every given promoter, financier and government for as long as he can get agreed to. Bernie is very good at his job! |
|
| Back to top |
|
|
MarkD
F1 Test Driver
Joined: 05 May 2004
Posts: 648
Location: Essex, UK
|
| Posted: Sat Jun 30, 2012 13:23 Post subject: |
|
|
| porscheman wrote: | | ...... But what an event it would be if it ever did! |
It might an 'event' but would it be a race?  In the unlikely event of there ever being a London GP I would expect another Monaco or Valencia style procession. 
_________________
Pitpass. The website that sorts the real F1 Reporters from the sheep. |
|
| Back to top |
|
|
|
FAQ 
Search 
Memberlist 
Usergroups
Profile 
Log in to check your private messages 
Log in
Click here for the Pitpass Home Page
