How a lot does it price circuits to host races in F1?

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In order to host a grand prix, circuits ought to pay a web internet hosting cost to F1, so merely how a lot does it price to host a race?

Formula 1’s revenue streams can be found in by way of quite a few completely completely different channels.

Some of it comes by way of sponsor and affiliate presents with multi-national companies who want to promote their product to a worldwide viewers throughout the 1000’s and 1000’s.

A giant chunk of its income moreover comes by way of race web internet hosting prices – due to this fact the necessity from CEO Stefano Domenicali to develop the calendar to as many races as potential.

Circuits wanting the honour of web internet hosting a grand prix should pay a hefty amount into the F1 coffers. This money, along with the sponsor income is then used to pay the teams their prize money on the end of the season.

But merely how a lot does it price to host F1 races? What are the race web internet hosting prices circuits ought to pay?

Photo by Peter J Fox/Getty Images

How a lot F1 races price

As worldwide areas fight to secure a slot on the calendar, they supply F1 extraordinary race web internet hosting prices – with the championship all too keen to open its pockets.

For occasion, whatever the multitude of issues about Saudi Arabia, the race promoter pays a hefty $55 million (£42.7 million GBP) race web internet hosting cost.

As prolonged as worldwide areas are ready to pay such prices, F1 will race there, sometimes on the expense of fan favourite locations resembling Germany.

As per Racing News 365, the races in Saudi, Azerbaijan and Qatar all pay $55 million USD.

Photo by Clive Rose – Formula 1/Formula 1 by way of Getty Images

The price of various worldwide areas’ race web internet hosting prices ranges from $50 million USD (£38.8 million GBP) for China to $15 million (£11.6 million GBP) for Monaco.

The price of an F1 race at Silverstone is $25 million USD or £19.4 million GBP.

In complete, if added collectively the general price of web internet hosting F1 races is someplace shut to the $700 million USD (£544 million GBP) mark.

Photo by Silverstone Circuit by way of Getty Images

Links to ticket prices

As the race web internet hosting prices are so extreme, circuits should make their a refund someway.

The easiest way for them to do that’s via ticket prices to the race.

It would merely be unhealthy enterprise for a circuit/promoter to pay the price of a web internet hosting an F1 race after which not get some a refund.

However, not all races pay web internet hosting prices.

For occasion, such is the importance of the two new races throughout the United States in Miami for 2022 and Las Vegas in 2023, F1 itself is stepping up and taking the races on.

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