Germans baulk at cost of hosting F1

The German Grand Prix could be dropped from the F1 calendar after organisers appeared unwilling to pay the estimated $22 million fee demanded by the Formula One rights holder for the right to stage a race

HOSTING FEES: Confidential, vary from one venue to another, and rise by up to 10% each year. Only Monaco pays no fee due to its blue riband status Earthworks

Monaco
Italy $8m
UK $22m
Russia $47m
Malaysia $67m

F1 GROUP REVENUE

Race hosting fees: 33%

Estimated $700m total, average $35m per race

All F1 races except Britain and Japan are subsidised by governments to boost tourism and/or prestige. Privately-run since 2014, Nurburgring is no longer eligible for state subsidy

Total: $2-3 billion each year

Sponsorship, trackside advertising: 15%

Corporate hospitality: 20%

TV broadcasting contracts: 32%

Circuits only receive ticket sales, helicopter landing fees, etc
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COST OF BUILDING A CIRCUIT

Track
Medical centre
Pit/paddock
Media centre
Main grandstand
Electronics

$48m
$72m
$48m
$5m
$29m
$30m
$15m

Running costs (purpose-built circuit): around $48m (street race $87m)

Sources: Formula Money, FT, ESPN, Business Life
Picture: Newscom