Ferrari Mailing List: Re: Fwd: Cancellation of F1 race in canada.

[Jeff Kennedy (jkennedy.design]

The standard way for the race promoter to make money is from (1) ticket sales, (2) food & beverage, (3) naming rights.  Everything else, especially the TV fees, all go to the F1 commercial rights holder (Liberty Media).  So, with a lack of available revenue sources a promoter is then looking at Liberty Media to do a track rental and cover the costs of holding their event.  This is the same situation that COTA in Austin was trying to work out.

Reports a while back had Liberty Media working to bundle Montreal and Austin so the transatlantic logistic costs could be spread across 2 events instead of being all borne by one.     

On Sat, Jul 25, 2020 at 6:50 AM Erik Nielsen <judge4re [at] gmail.com> wrote:

The TV fees go to a different set of stakeholders.  Cough cough Liberty Media cough cough...

On Jul 25, 2020, at 12:12 AM, Peter Rychel <dino308gt4 [at] hotmail.com> wrote:



I’m sure it has more to do with the similar situation and, the reasoning of the decision of baseball not coming to Canada:

 

canada.ca - statement from minister mendicino regarding major league baseball in canada during covid-19

 

I was under the impression TV rights generate way more in revenue than selling seat tickets.

 

And, with the pace of technology, those “parts” would more than likely be obsolete by next year.

 

Peter

 

Sent from Mail for Windows 10

 

 

 

From: Michel Savard
Sent: July 24, 2020 3:49 PM
To: PeterGT4
Cc: The FerrariList
Subject: [Ferrari] Fwd: Cancellation of F1 race in canada.

 

>
> Just saw a clip on the news with the Montreal F1 promoter, Mr. Dumontier. He said up to the last minute he believed there would be race in Montreal in october. That’s because he knew from 'good sources’ that there were car parts in containers in the Montreal port from F1 teams.
> As you know, teams send parts well in advance by boat to save money to different F1 countries.
> He even added these containers will probably stay there until next year. This is bizarre to say the least. if they can keep those containers so long away from the original country, I wonder what can be in those containers.
>
> He also said that with no spectators, therefore with no revenue for him,  the race was not viable. My question is, did he decide not to have the race because he had no revenue from ticket sales ?  Did F1 cancelled ? It’s not clear. Dumontier is totally independent, he is not a member of an international conglomerate, he does not have the support of the government, except for some subsidy, and the track is not used for anything else.
>
> That’s racing !
> Michael

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