- 26 Oct 11, 15:04#281404
Next on the list: India
New countries that can’t cut it in Formula 1
With Sebastian Vettel clinching the drivers title in Japan, and Red Bull taking the constructors in Korea, I was recently asked, “Has it killed your interest for this year?” My response was “Not really”, for the main reason being that we knew who would win from the midway point of the championship anyway!
I said that the next Grand Prix was taking place in India, a brand new country for Formula One, and that this was a point of interest in itself. The circuit and complex will be worked on up until the very last moment and then judgement will be cast by the world’s eyes as the race weekend unfolds.
This is all very exciting for Formula 1, but after reading some news following the Korean Grand Prix, I have sense of scepticism over these new countries and the longevity of their appearance on the F1 calendar.
I read reports this week that the Korean Grand Prix organisers are looking for a helping hand from Bernie Ecclestone, as it appears they are running the race at a financial loss. They potentially need Bernie to renegotiate their race hosting fee if the GP is to have any kind of future. The reports even went as far as saying that 2012 could be the last Korean Grand Prix!
That is simply ridiculous isn’t? Years to wait for a calendar slot, years to be build a circuit, host three races – and it could all be over!
I’m usually banging the “Greedy, greedy Bernie Ecclestone” drum, just like the rest of F1 fans, but in this case, how can a race organiser just 2 years into their contract say they think they are being charged too much to host the event? It simply sounds like they haven’t done the numbers properly when the event was being planned.
Fan numbers are low in Korea. I don’t have exact figures, but it was well documented over the race weekend that the attendance was relatively poor. It’s also one our lowest sellers in our F1 tickets section. Apparently, race tickets generated £16million which isn’t enough to break even with the cost of running the event.
So the question is, were potentially low ticket sales factored in when the business plan was put forward some years ago? It seems not.
The race is miles away from anything, situated in Mokpo, an area famous for ship building. It doesn’t scream F1 venue when you put it like that – more industrial marsh land!
Istanbul Park
The Turkish Grand Prix is a race already scrubbed off the calendar next year and will likely never return. The organisers simply could not develop interest in Formula 1 with their citizens and as a result it became one of the least popular Grand Prix to go to in recent history. Drivers even said the Sunday morning parade had an eerie feeling to it as they searched high and low for fans to wave to in the grandstands.
Istanbul Park is/was a fantastic circuit with state of the art facilities and was a driver’s favourite. It was just built in completely the wrong place where the market wasn’t gauged right at all. Is Korea heading the same way? Another Formula 1 white elephant perhaps...
It’s pretty frustrating that so much money gets wasted on these state of the art Grand Prix facilities, when other great circuits need cash injections to modernise them so badly. Silverstone is a prime example of a popular race that so nearly got scrapped back in 2009, after Bernie and the BRDC fell out over circuit upgrades and of course... money.
Thankfully Silverstone was able to raise enough cash to develop the circuit and build a completely new pit lane and paddock complex – its future is safe for a decade.
Two new races on the horizon
There are two new races joining the F1 calendar over the next couple of years in the form of the Russian Grand Prix and to be announced later, a race in New Jersey dubbed the Grand Prix of America. With the calendar in 2012 at its full capacity of 20 races per season, you don’t need to be a mathematician to work out that two races will have to be canned.
It remains to be seen who they are, I just hope some of these new races make a better job than the likes of Turkey and Korea have.
New countries that can’t cut it in Formula 1
With Sebastian Vettel clinching the drivers title in Japan, and Red Bull taking the constructors in Korea, I was recently asked, “Has it killed your interest for this year?” My response was “Not really”, for the main reason being that we knew who would win from the midway point of the championship anyway!
I said that the next Grand Prix was taking place in India, a brand new country for Formula One, and that this was a point of interest in itself. The circuit and complex will be worked on up until the very last moment and then judgement will be cast by the world’s eyes as the race weekend unfolds.
This is all very exciting for Formula 1, but after reading some news following the Korean Grand Prix, I have sense of scepticism over these new countries and the longevity of their appearance on the F1 calendar.
I read reports this week that the Korean Grand Prix organisers are looking for a helping hand from Bernie Ecclestone, as it appears they are running the race at a financial loss. They potentially need Bernie to renegotiate their race hosting fee if the GP is to have any kind of future. The reports even went as far as saying that 2012 could be the last Korean Grand Prix!
That is simply ridiculous isn’t? Years to wait for a calendar slot, years to be build a circuit, host three races – and it could all be over!
I’m usually banging the “Greedy, greedy Bernie Ecclestone” drum, just like the rest of F1 fans, but in this case, how can a race organiser just 2 years into their contract say they think they are being charged too much to host the event? It simply sounds like they haven’t done the numbers properly when the event was being planned.
Fan numbers are low in Korea. I don’t have exact figures, but it was well documented over the race weekend that the attendance was relatively poor. It’s also one our lowest sellers in our F1 tickets section. Apparently, race tickets generated £16million which isn’t enough to break even with the cost of running the event.
So the question is, were potentially low ticket sales factored in when the business plan was put forward some years ago? It seems not.
The race is miles away from anything, situated in Mokpo, an area famous for ship building. It doesn’t scream F1 venue when you put it like that – more industrial marsh land!
Istanbul Park
The Turkish Grand Prix is a race already scrubbed off the calendar next year and will likely never return. The organisers simply could not develop interest in Formula 1 with their citizens and as a result it became one of the least popular Grand Prix to go to in recent history. Drivers even said the Sunday morning parade had an eerie feeling to it as they searched high and low for fans to wave to in the grandstands.
Istanbul Park is/was a fantastic circuit with state of the art facilities and was a driver’s favourite. It was just built in completely the wrong place where the market wasn’t gauged right at all. Is Korea heading the same way? Another Formula 1 white elephant perhaps...
It’s pretty frustrating that so much money gets wasted on these state of the art Grand Prix facilities, when other great circuits need cash injections to modernise them so badly. Silverstone is a prime example of a popular race that so nearly got scrapped back in 2009, after Bernie and the BRDC fell out over circuit upgrades and of course... money.
Thankfully Silverstone was able to raise enough cash to develop the circuit and build a completely new pit lane and paddock complex – its future is safe for a decade.
Two new races on the horizon
There are two new races joining the F1 calendar over the next couple of years in the form of the Russian Grand Prix and to be announced later, a race in New Jersey dubbed the Grand Prix of America. With the calendar in 2012 at its full capacity of 20 races per season, you don’t need to be a mathematician to work out that two races will have to be canned.
It remains to be seen who they are, I just hope some of these new races make a better job than the likes of Turkey and Korea have.
"I'll bet ya a hundred and five thousand dollars you go to sleep before I do."
--Dobbsie
--Dobbsie