Site logo

F1 considers cancelling Friday practice sessions

NEWS STORY
24/10/2017

F1's technical boss Ross Brawn has revealed that he is considering cancelling Friday practice sessions to cut costs for the teams and enable them to go to more races according to a report for Forbes by Christian Sylt.

Friday practice is a highlight for many F1 fans as it usually offers the cheapest tickets. Silverstone is already selling tickets for the Friday of next year's British Grand Prix at 75 compared to 155 two days later. That price structure could get the red light in future if F1's owners, Liberty Media, get their way.

The teams' contracts commit them to compete in all of the races but the hurdle with adding more to the calendar is that it increases their costs and staff have to spend more time away from home.

"The teams have logistical issues the more races we add," says Brawn. However, he adds that "one of the things we are doing is looking at the format of a race weekend to see if we need to change that to make it logistically easier for them to do more races. So we have got a very open mind about how we go forward.

"I think the core race is still, for me personally, very important. We are not looking at changing the core event but, open question, do we need Friday running? Because if we didn't have Friday running we could do more races because logistically it is better for the teams. But Friday running is important for the promoters and the broadcasters. How do we find the right solution?"

There will be 21 races next year with the return of the French and German Grands Prix. F1's governance contract allows it to host up to 25 every year but Ferrari, McLaren and Red Bull Racing hold a veto as they were the top three teams over the four years to 2012 when their contracts were being negotiated. F1 company documents reveal that consent from the majority of these three teams is required "if there are more than 20 Events in a season or more than 17 Events are held in a season and the number of Events that are held outside Europe, the US or Canada exceeds 60% or more of the total number of Events in that season."

In addition to sharing in the same prize fund as all the other teams, Ferrari, McLaren and Red Bull Racing also get a special bonus which comes to 7.5% of F1's underlying profit. It means that the more races there are, the greater the sport's profit and the more prize money they receive. It gives them an incentive to agree to more races which could in turn see the end of Friday practice. However, it's not a done deal.

One of the places that Liberty has said it wants to add races is its home country of the United States. F1 has been trying for decades to get new races there but money is usually the sticking point. Liberty has singled out cities like Las Vegas, Los Angeles and New York as being ideal venues but they don't need F1 to attract tourists so it is unlikely that governments will put money behind races there.

There are rumours that Liberty could offer cut price deals in key US cities to get races off the ground but this would boost the teams' costs without an increase in F1's profit and thereby their income. It remains to be seen whether Ferrari, McLaren and Red Bull Racing would go along with that.

F1's spending has accelerated under Liberty. Staff numbers in London are on track to double, it has moved into a flashy new headquarters in one of the most expensive areas of the capital and a New York office is on the cards. This spending increases the company's costs and reverses the teams' share of the profits. Some of them are reportedly unhappy about it.

A March article in the Telegraph revealed that Liberty's chief executive Greg Maffei had cautioned "in the short-term we are unlikely to see margin expansion because even though there are some near-term wins around things like advertising, over the longer term, there's going to be expense to achieve that." The outlook now appears to be bleaker than that.

A recent report suggested that in fact, profits will fall this year meaning that the teams' prize money will reverse by as much as 2m each. It is a drop in the ocean for the front-runners but will make a big difference to the smaller outfits.

The teams appear to have realised that Liberty is increasing F1's costs to build up the company which it owns 100% of. In turn their income decreases even though there would be no business without them. They reportedly want a discussion on whether Liberty's spending should be funded from new investment or come out of the profits.

It is a discussion which should really have taken place before Liberty bought F1 in January but it isn't too late for the teams to give the red light to its turbocharged spending plans. Ferrari, McLaren and Red Bull Racing hold all the keys so the future of Friday practice sessions could also be in their hands.

LATEST NEWS

more news >

RELATED ARTICLES

LATEST IMAGES

galleries >

  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images

POST A COMMENT

or Register for a Pitpass ID to have your say

Please note that all posts are reactively moderated and must adhere to the site's posting rules and etiquette.

Post your comment

READERS COMMENTS

 

1. Posted by alfsboy, 24/10/2017 23:37

"Try coughing up more money for all the teams .That might help."

Rating: Neutral (0)     Rate comment: Positive | NegativeReport this comment

2. Posted by Pavlo, 24/10/2017 19:16

"The big mistake they don't understand is that it's not possible to make the sport cheaper by canceling things. Teams will always figure out where and how to waste money if it makes sense for them.
Increase of budget always increases the performance. But important is to ensure that at some point big increase of money will just marginally help and with luck and talent one can accidentally get the same result with much less money. Look at football - you can buy Ronaldo, Neymar, Messi, Ibrahimovic etc to one team but it will not necessarily win everything and Leicester will suddenly win one PL.
So the problem is that now the level of money, after which increase of budget doesn't give the benefit that justifies such increase, is too high. They should try to make it lower.
But another target is to make it simpler for the teams to earn this level. And here Friday may actually help a lot - teams can do more for the sponsors, let people drive for money etc.
Also allowing tests may help. Teams can already save money if they can just run a test instead of investing huge amounts in the realistic simulator. Additionally there is no way to earn money on the simulator. But the private tests can be open for spectators giving proper exposure for the sponsors (compare to if you now buy a sticker on Sauber - what are the chances that anyone will see it at least once in a race?)."

Rating: Positive (1)     Rate comment: Positive | NegativeReport this comment

3. Posted by Liam III, 24/10/2017 17:27

"Less testing, no Friday time on track. When are these teams supposed to perfect their cars? On the computer again? "

Rating: Neutral (0)     Rate comment: Positive | NegativeReport this comment

4. Posted by GrahamG, 24/10/2017 15:09

"Why not cancel Saturday as well, and perhaps Sunday then no-one would have to travel anywhere, not many people are watching anyway and the number is shrinking all the time
What you could do is cancel Friday and reinstate testing - this could be done at a track near home or convenient to home and would actually reduce costs and travelling - a test team could be based at the home location. This would also allow the familiarisation sessions for new drivers"

Rating: Neutral (0)     Rate comment: Positive | NegativeReport this comment

5. Posted by Rock Doc, 24/10/2017 14:54

"So with virtually no in season testing and now a proposal for no Friday, when are the teams supposed to test?

Is this the old Bernie ploy of getting one talking about one thing while really trying to get something even less palatable through quietly."

Rating: Positive (2)     Rate comment: Positive | NegativeReport this comment

6. Posted by imejl99, 24/10/2017 14:21

"There are other, far better options to cut costs than cancelling Friday.

Without Friday those rare and too far apart chances for young drivers will disappear. Future is bright..."

Rating: Positive (1)     Rate comment: Positive | NegativeReport this comment

7. Posted by Editor, 24/10/2017 13:57

"At some circuits, such as Monza, Friday is a family day. The kids go along with mum and dad and the grandparents. It is cheaper so the family make a day of it. The kids are the fans of the future.

Friday's are also important for the teams as they entertain sponsors and would be sponsors. Though the big guns are saved for Sunday, plenty of business is done on a Friday.

Also, what is the point in shipping this circus around the world for two days of action."

Rating: Positive (3)     Rate comment: Positive | NegativeReport this comment

8. Posted by @R1Racing71, 24/10/2017 13:47

"Personally I'd be sad to see the demise of the Friday. I always enjoyed to see how the story of race day unfolds as well as watching the testing opportunities explored by the teams.

I thought liberty were going to make each race a local event involving the surrounding community and hence increase it's value? Not sure if loosing Friday is conducive to this."

Rating: Positive (1)     Rate comment: Positive | NegativeReport this comment

9. Posted by mds167, 24/10/2017 13:17

"Whilst Friday practice offers the cheapest ticket, how many people only go for Friday? If you aren't local and are going to make the trip then you are going for the weekend. This brings ancillary costs such as camping / hotels and food, drinks, etc. That really ramps up the total cost of the race weekend.
That said, I liked Friday at Silverstone as quieter day to roam the track and take it all in.

Some other potential consequences of losing Friday practice -
- Less trackside advertising revenue (less TV time on offer, less footfall)
- Less corporate hospitality time / revenue for teams (unless Friday becomes Corporate Love-In Day - would any of guests miss the lack of running? Pit tours would be quieter)
- Enhanced green credentials (less fuel and tyres used)
- less pre-race prep time for teams. Enhance the 'show' with more opportunities for 'we took the wrong set-up direction'.

If it increases the chance of increased competition during the race, I'd be happy to lose Friday."

Rating: Neutral (0)     Rate comment: Positive | NegativeReport this comment

10. Posted by Hobgoblin, 24/10/2017 12:04

""I think the core race is still, for me personally, very important." umm..."

Rating: Positive (1)     Rate comment: Positive | NegativeReport this comment

Share this page

X

Copyright © Pitpass 2002 - 2019. All rights reserved.

about us  |  advertise  |  contact  |  privacy & security  |  rss  |  terms