formula 1, Motoring News, motorsport

Race promoters at odds with F1’s new owners

LONDON, England – A joint media statement signed by most of Formula 1’s promoters has expressed concern about how the sport is being run by most recent owner Liberty Media.

The F1 Promoters’ Association said representatives of 16 grands prix had met in London to discuss the situation ahead of the 21-race 2019 season that will start – as usual – in Australia in March.

A statement said: “It’s not in the long-term interests of the sport for fans to lose free access to content and broadcasting. There’s no clarity about F1 initiatives or engagement with promoters on their implementation.

”New races should not be introduced to the detriment of existing events – though the association is encouraged by the alternative business models being offered to prospective venues.”

READ THE FULL Reuters feature (and pictures) here.

The statement added that members wanted “a more collaborative approach” and “the opportunity to offer their expertise in partnership with F1 and the governing FIA.”

Stuart Pringle, MD of Britain’s Silverstone circuit (ran the first GP back in 1950) and FOPA chairman reported that that track – along with Germany’s Hockenheim, Italy’s Monza , Barcelona’s Circuit de Catalunya, and Mexico City – would be ”out-of-contract” this year.

READ MORE F1 features on Carman’s Corner

Only Silverstone 2019 would be broadcast live and free-to-air in Britain. The rest of the races have been bought by Sky Sports pay TV.

Future venues will be Hanoi from 2020; a Miami GP is still possible as a round separate to Texas’ Austin GP.

F1’s MD Sean Bratches was reported in November 2018 as saying while F1 wanted to keep its historically important races it also had to be run as a  business.

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