Over the previous few years, Method 1 has been rising and rising and there are not any plans to decelerate.
On the idea that the brand new races, akin to Saudi Arabia, pay round 100 million euros to host a Grand Prix, the brand new expansive imaginative and prescient that Liberty Media and the FIA have for F1 is smart.
It’s all in regards to the spectacle and cash, though between now and 2030 there would be the introduction of latest engines and zero-emission gasoline.
There are such a lot of organizers knocking on the door, with their wallets prepared, that the FIA are actually tightening the screws on the legacy races of the game, most notably Monaco. The Monte Carlo circuit is paying 5m euros extra every year till it reaches 55m euros in 2030.
In the meantime, if Madrid goes all out and places on a present at IFEMA, the brand new ground for funds shall be set at 50m euros.
F1 desires to show race weekends into money-making occasions and the cities, as Miami demonstrated, shall be stuffed with wealthy people who find themselves there for rather more than the race, much more than on the conventional circuits.
Conserving the traditional F1 races
Regardless of this, there’ll nonetheless be many traditional races. So long as Silverstone, Spa, Monaco and Monza will not be misplaced, the brand new ones are welcome.
Nonetheless, the calendar will develop dramatically. It is already as much as 24 races and it might attain 30, if mandatory, between now and 2030.
That is why in Europe there might find yourself being seven races on the most, as they are not as profitable.
Kyalami, in South Africa, has already rejected the brand new phrases however others, just like the governments of Vietnam and Colombia, are critically contemplating paying huge bucks for the 2025 season.
The return of South Korea is imminent and Mexico might even attain the standing of the USA and host a second race on the calendar.
All in all, it is a good time for F1. When Liberty arrived, Manor, the eleventh staff, had simply been offered in insolvency proceedings for one pound. Right now, it’s estimated you can’t purchase a staff for lower than 500 million {dollars}.
“The error was clear earlier than: it’s important to go to individuals who do not know F1, provide leisure, not go straight to the prevailing market,” CEO Stefano Domenicali defined.
“The world now forces us to do various things. Competitors helps to search out new methods of financing. That is the problem for the longer term.
“F1 10 years in the past was virtually solely Europe. Now, it’s important to have a really robust leisure tradition.”
Rotation, girls and gaming
An additional month of racing, or virtually two, hardly matches nicely with the present staffing ranges of the groups.
Thus, with 30 races, there shall be employees models in necessary rotation, with pressured employees holidays in the course of the season and, on high of all this, a 3rd obligatory girls’s automotive.
Simply this week, the 5 groups which can be to forge the brand new Academy, an all-female competitors, have been introduced, amongst them Campos Racing, along with ART Grand Prix (FRA), Carlin (GBR), MP Motorsport (HOL) and PREMA Racing (ITA).
Between 2023 and 2025 this undertaking will begin and the subsequent step is an additional obligatory automotive in F3 for the highest 5 groups who shall be obliged to place a girl in it, in addition to one other one in F2 in 2026. And in F1, simply after that.
On the horizon, on-line gaming is one other goldmine for Liberty, as the typical F1 viewer sees they will compete with Lando Norris or Max Verstappen himself.