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Тема: F1 2020 to start |
15 одговора
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Formula 1 boss Chase Carey says he plans to start the season in Austria in July, after France became the latest country to call off its race.
He said the first race was expected to take place in Austria on 3-5 July.
Carey added: "September, October and November, would see us race in Eurasia, Asia and the Americas, finishing the season in the Gulf in December with Bahrain before the traditional finale in Abu Dhabi, having completed between 15-18 races. We will publish our finalised calendar as soon as we possibly can.
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Interesting.
I hate to sound pessimistic but i just can't seem them getting races in that early (huge F1 fan so pains me to say).
Do you think a genuine target or an attempt to keep share prices from dropping further?
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Tv rights I suspect and held behind closed doors
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Given the cost to the teams going to all these races, with no spectators I can't see the value in them (half) completing the season. The lost TV money will be a drop in the ocean compared to not only the logistical expense (and challenge) but also the ongoing developmen cost, amongst other things.
I can't see 3rd July in Austria being anything more than a global market sweetener as Matt said above. At best they might just about complete 7 races later this year so that they can achieve the minimum number of races for the 2020 season to not be completely null and void.
As an F1 fan, I hope to be proved wrong and that the season might start in July, just that it seems a bit too keen a start date to me.
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British F1 Gp gets go ahead, behind closed doors
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In recent years, TV rights have become F1's largest source of income. And with everyone forced to stay home, I guess the income could even go up despite the poor economy (Netflix just reported great financial results for 2020 Q1). So I wouldn't call it a drop in the ocean.
Secondly, Liberty probably keeps around one third of the annual profit to itself, and hands two thirds out to the teams. Even a company for which money is the only thing that counts will see more sense in being a bit more generous to the teams in order to help its product (F1) survive.
So I do think racing behind closed doors can be economically viable but evidently all parties will have to settle for lower income than usual. That does mean a lot of negotiations are required but I would be very surprised if they haven't already started weeks ago.
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Don't forget the circuits themselves. Their biggest income is taken from ticket sales. If the races are held without spectators, someone will also (partially) have to cover that ...
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I can see them pulling it off in all honesty, I doubt we’ll see any races with spectators this season which will probably mean we lose a few races that simply can’t afford to run without them, but I feel Austria will run multiple rounds, Bahrain likely would run a late season round, Abu Dhabi have the money to do it without spectators, silverstone are going ahead, Shanghai might be willing to run a round later in the year too.
I think they’ll manage to make a season of it, the quality and organisation might be poor but they simplying have to run something. If nothing runs then we will almost certainly lose at least one team, without a season there won’t be prize money, sponsorship will highly likely not be coming in and will probably be thin on the ground in the future. This could be the deciding factor in Gene Haas pulling the plug, Without any income from racing but many of the base costs still being there Williams will be touch and go. There’s also the financial fall out of the whole thing, Renault and Mercedes would be very likely to go in similar fashion to BMW/Toyota/Honda if the economy does take a major hit, F1 may be thinking that if they can keep going it will be seen as far more bang for your buck in terms of promotion if there’s not much going on but F1 manages to take centre stage in the sports world.
who knows though.
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I think sponsors pay teams on a per race basis. So to have as many races as possible would be pivotal to a team's income from sponsorship. Whether this covers the logistic/management costs I don't know.
A called off season would not be viable to most F1 teams, they would lose income from sponsors, TV rights and prize money. Not to mention they would have to make staff redundant because the furlough scheme is only available for 3 months.
Drivers and senior staff will probably take a pay cut for the rest of the year. No idea who would cover the costs for the circuit though.
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Quote ( Sanjay Patel @ April 27th 2020,18:40:04 ) Not to mention they would have to make staff redundant because the furlough scheme is only available for 3 months.
'Right, Lewis, we've had to put you on furlough. You'll get 80% of your wages covered for three months, up to £2500 a month. That's not too far off what you normally get, right?'
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Quote ( Stuart Foster @ April 27th 2020,11:29:43 ) Given the cost to the teams going to all these races, with no spectators I can't see the value in them (half) completing the season. The lost TV money will be a drop in the ocean compared to not only the logistical expense (and challenge) but also the ongoing developmen cost, amongst other things. I think you've got some kind of misunderstanding there.
The teams don't see a dime from the ticket sales to live-viewers, that's for the race organizers
The race organizer pay Liberty Media for rights to organize the race
Teams are paid by certain reasons, (portion of TV-coverage deal, season points etc.) which have nothing to do with live-spectators.
Quote ( Niels Van Heijster @ April 27th 2020,14:18:05 ) Don't forget the circuits themselves. Their biggest income is taken from ticket sales. If the races are held without spectators, someone will also (partially) have to cover that ... That's exactly it, it's just difficult to imagine Melbourne or Silverstone paying $40,000,000 to Liberty Media for the rights to organize a race with 0 live-spectators and $0 ticket income
a couple oil countries with Sheikhs might do it, but the more traditional F1 countries... I just don't see it happening.
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Quote ( Mikko Heikkinen @ April 27th 2020,19:02:11 ) I think you've got some kind of misunderstanding there.
The teams don't see a dime from the ticket sales to live-viewers, that's for the race organizers
The race organizer pay Liberty Media for rights to organize the race
Teams are paid by certain reasons, (portion of TV-coverage deal, season points etc.) which have nothing to do with live-spectators. That's not true, the fees from the race promoters constitute an important part of the prize fund, along with TV rights, sponsorship and others.
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Quote ( Jasper Coosemans @ April 27th 2020,19:07:15 ) That's not true, Which part ?
Anyways the point is this, the teams dont' get a cut from the ticket sales (at least not directly), they get paid by other "principles"
The main hurdle for the season start is the fact that tracks/cities/countries (what ever you call them) will not pay Liberty Media $40,000,000-$60,000,000 for the rights to organize a race with 0 spectators, $0 ticket income, $0 hotdog sales, $0 hotel bookings increase etc.
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And therefore, the teams will receive lower prize money as a result of having no spectators.
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The whole F1 economy has to be seen as one economic group where everyone depends on the other's good health and incomes.
No races means no incomes for everyone, whether it is direct or indirect incomes.
If one actor (here the tracks) falls down due to lack of revenue, everyone will be affected, and the teams will be in first line.
This is not specific to the F1, but a lot of sports economies have been completely crazy those past years, and I'm afraid that a lot will be severely touched here.
Some tracks already have big difficulties to pay what Liberty Media demands, and some teams (Williams, Haas, ...) are in big danger.
Idk how all this will finish, maybe Liberty Media has the financial power to save everyone. But this crisis really shows how fragile the F1 economy is. Let's just hope big discussions are going on up there, and that they will find a solution to restart quickly with the least economic difficulties. And if they can also think of a more sustainable model, we could use this crisis in a positive way :
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