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Grand Prix 2017 British Grand Prix Practice, Qualifying & Race Discussion

Discussion in 'Grand Prix Discussions' started by Titch, Jul 9, 2017.

  1. gethinceri

    gethinceri "suck my balls honey" Contributor

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    They ought to build a circuit near the valleys of South Wales, it'll provide jobs and attract millions in outside investment.
    Oh, hang on.....
     
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  3. Kewee

    Kewee Race Winner

    My vote would go to Brannds Hatttch. :D
     
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  4. sobriety

    sobriety Podium Finisher

    Facilities? There's a track, space to watch and some portaloos. What more do we need ;)
     
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  5. Andyoak

    Andyoak Race Winner

    Much like Silverstone until 15 years ago.
     
  6. RasputinLives

    RasputinLives I was never cool at school. Contributor

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    I Don't see an issue with the track, pitlane or logistics (hello east Midlands airport) for Donnnnnington if I'm honest. It's not exactly plush for the motorhomes, press or fans but they'd have to rough it.

    Donnnnnnningtons actual problem is they Wouldn't be able to afford to host it. They've tried and it nearly ruined them. It's actually a better track than Silverstone I reckon.

    Silverstone will just renegotiated because Liberty Media won't want to lose them. Then Monza, Spa and all the other tracks that the press would make a fuss at if we didn't race at (not Baku) will do the same thing. Then Liberty Media will cry as they still have to cover the money paid out in advance to shareholders by Bernie. Then Bernie will laugh until his head falls off. No one will mourn.
     
  7. The Pits

    The Pits Harumph. Again. Valued Member

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    With an annual crowd the size of Silverstone, there is something wrong if the numbers dont work.
     
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  8. Incubus

    Incubus Champion Elect

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    GP attendance figures are totally inconsequential here. Spectator revenue isn't even a drop in the ocean compared to TV-related exposure.
    That was already the case in the eighties before the digital age, never mind now...
     
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  9. Greenlantern101

    Greenlantern101 Super Hero And All Round Good Guy Contributor

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    At the end of their deal fee cost is 24 million. At 120,000 spectators alone that is covered by £200 each. Once revenue from parking, camping, burger vans, helicopters, media, TV etc is taken into account Silverstone should be raking it in.

    The numbers don't add up.
     
    Last edited: Jul 12, 2017
  10. Road of Bones

    Road of Bones MTC Mole Premium Contributor

    Trackside advertising was all going into FOM's pockets though. You're also not taking into account the day-to-day running costs, maintenance, utilities, staff costs, licences (music, alcohol, etc.), paddock club fees - I can imagine the list is enormous. At the end of the day, a business has to make a profit to survive. Upping the ticket prices is not the solution, as eventually you will reach a point where sufficient people simply will not pay/be able to afford to attend.
     
  11. FB

    FB Not my cup of cake Valued Member

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    I heard an interview with the bloke who runs the BRDC who muttered something about losing over £7 million on the last two races. What he didn't mention was that they make money elsewhere. There are no newer accounts than for 2015 where they made a loss for the year of £214,000. However, if you exclude exceptional items and depreciation they turned a profit of just under £3.2 million.

    Suffice to say the BRDC is not "on it's uppers". If you're sad enough to want to look at these yourself here's the link: BRITISH RACING DRIVERS CLUB LIMITED(THE) - Filing history (free information from Companies House)
     
  12. The Pits

    The Pits Harumph. Again. Valued Member

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    I didnt think that the circuit get any of the TV revenue? I thought that was all part of the commercial rights holder income, along with advertising?
     
  13. FB

    FB Not my cup of cake Valued Member

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    You're right The Pits, the circuits get nothing other than the gate receipts, programme sales and from the concessions at the circuit. FOM take all the TV money, they also arrange all the track side sponsorship hence why you can barely tell one circuit from another these days. Just to show you the levels this goes to when I went to the British GP in 2003 one of the ice cream vans had had to put a cover over the Walls logo on the side as, presumably, this wasn't the "official ice cream partner" of F1 and might have been seen on the TV :o
     
  14. Incubus

    Incubus Champion Elect

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    ---------------------

    that's what I meant. When it comes to which GP's to include in the calendar spectator revenue is just about tyhe last thing on the agenda. That's not where the big money is, otherwise we wouldn't be hosting GP's every year in countries with tracks where we see mostly empty grandstands.
     
  15. The Pits

    The Pits Harumph. Again. Valued Member

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    Agreed, however, if the circuit is to make money, the spectator revenue is the only place they are going to get it, so very consequential to the hosts. If Silverstone are making a loss on the event, I cannot see how any circuit could make a profit. FOM make a fortune, as they get money from the hosts, TV rights and advertising, leaving all the risk to the circuit themselves.
     
  16. Dartman

    Dartman Rookie

    Out of the revenue of £200/person there is VAT to pay, wages to pay, the camping and food vans may well create income but again VAT is to be paid, you need an air traffic control staff for the helicopters and light aircraft and that ain't cheap. TV and advertising revenue goes to Formula One not the circuit. Yes there is something wrong, the F1circus takes the lions share of the cash and pays out to some teams on an unfavourable points table. Remember Bernie became a multi billionaire out of F1 and half the European GP circuits are in trouble, surely that tends/person to indicate that hosting an F1GP is a loss maker without government money,
     
  17. FB

    FB Not my cup of cake Valued Member

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    I'd forgotten about the "airport". If I remember rightly it is the second busiest airport in the UK, after Heathrow, at Grand Prix weekend. These are the landing fees.

    Terms And Conditions

    I do agree that the pendulum has swung too far from the 60's/early 70's where the teams used to have to pay the circuits to race to know where the circuit owners have to stump up multi-million dollars for the pleasure of hosting a race with little chance of turning a profit.

    I wonder if the circuit makes money from The Paddock Club tickets and VIP passes? It's between $4,000 and $5,000 to join this exclusive area at Silverstone.

    https://www.grandprixevents.com/f1-paddock-club/formula-one-paddock-club-prices
     
  18. Il_leone

    Il_leone Race Winner

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    Apparently the new paddock was not needed and was a waste of money
     
  19. Titch

    Titch Mine is the best pink car on the track. Premium Contributor

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    The balance of income generated by a race and dispersal of said income is wrong. BE has always made sure that a very large part of it made its way into his bank account, and into FOM's, it keeps them on side after all. But someone has to make a stand. I don't think Silverstone is being unreasonable in making the point that if FOM want to run races, they have to stop screwing the circuits that run those races.
     
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  20. FB

    FB Not my cup of cake Valued Member

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    So Ferrari were off the pace in FP1 but wasn't that the same in Austria? Makes you wonder if it takes a little longer for them to "dial their car in" for each race weekend.
     
  21. Titch

    Titch Mine is the best pink car on the track. Premium Contributor

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    It looks as though it will be a dry race.
    Sigh.
    :(
     

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