Silverstone Trouble? Again?

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Silverstone

The fine folks at Grandprix.com have an interesting story about the latest Silverstone negotiation.

It seems, if Grandprix.com’s sources are correct, that an offer has been made from FOM to the BRDC which may just find the Grand Prix in trouble or alternating with the French Grand Prix.

While FOM’s current goal is to deal directly with governments in subsidizing the Grands Prix in their nations, Silverstone is not in a position to seek government funding for a race. Just as the USA is not. After perusing the article at Grandprix.com, I am wondering if the very system the FOM seeks in negotiating with governments is the very thing that is the deal breaker for countries like Australia, USA and Great Britain.

The revenue generated by these races are not shared directly with the government and while the FOM would certainly recommend the government being the main profiteer of such races, I can’t imagine the revenue generated by a Silverstone race is enough to sate the FOM, BRDC and the government of Great Britain. That being said, perhaps the BRDC can re-arrange the assets of the circuit to leverage its potential but that would have a negative impact over time on the balance sheet.  Perhaps that is not an issue as I am bereft of the details but in the end game, it seems that Grandprix.com have some interesting takes on how this may very well play out with all the new tracks and nations vying for a spot on an ever increasing F1 schedule.

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8 Comments on "Silverstone Trouble? Again?"

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Lucas S.
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Lucas S.

If the FOM wants to deal with governments exclusively then then F1 can keep there race because one thing that will make be madder that no F1 race is an F1 race the US government is involved in. Last time I checked their is not a Department of Entertainment, yet.

Basically despite my love of F1, I don’t want my government more distracted with what is essentially just a race. This is not an attack on one side just a gripe about politicians in general.

Lucas S.

John Stone
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John Stone
Bernie is going down a slippery slope, with the thought that governments can helps pay for F1 races. NC is correct it’s not going to happen in the US, and more then likely not in the UK. So we can kiss those races good bye, well Bernie, thanks tons. So now we’ll only get to see non Euro, US races from here on out. So we’ll be watching them on TV or traveling to 3rd world countries where the government would rather spend millions to stage a F1 race then help it’s population. Bernie doesn’t care about tradition or history,… Read more »
WonkyDave
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WonkyDave
I see potentially dangerous situation looming on the horizon. I suspect that in 5-10 years, we will see the ‘newer’ races dropping like flies due to lack of money from the sponsoring government, contract diffuculties between the governments and the FOM and/or an unwillingness for governments to continue to subsidize the races due to, among other things, changes in governmental leadership. Couple this with Bernie’s apathy towards losing ‘traditional’ European races (England and France as cited above), and the next thing you know, you have a 10 race schedule. The major players (Bernie and Max, particularly) will be gone by… Read more »
Negative Camber
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Tragically Dave, I think you are correct. Like my fear of manufacturer’s who just decide not to spend money on a program, I think these countries can easily just say no. some of these places are not the most stable politically speaking and it would take very little to drop an F1 race. Plus, I would be worried about security for the teams in some of these locations as well. Maybe I am being a stupid American but I have little interest in racing in third-world countries who cannot really afford a race and lack the security needed to protect… Read more »
WonkyDave
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WonkyDave

Not if it’s Tony George or NAStyCAR oval racing. I’ll take a Tilke track any day over driving around in circles 500 times.

BobHereYo
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BobHereYo

Yeah the money is there for now and Bernie is definitely using it as leverage to get more money out of racing venues like Silverstone but for how long will those countries continue to flip the bill for F1 races when half their people don’t have basic public roads, utilities and services.

How about Red Bull Raceway at Silverstone could be worth some long term money to help things out?

Paul
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I know I’m stupid, but with F1 being such a huge global sport does it really need to wring every last penny out of countries that want a race? Doesn’t it get plenty from marketing? To be honest I was never a big fan of Silverstone. However I do feel a huge sense of loss every time a bit of tradition is lost from the calendar. Never mind lost tracks but altered layouts on classics destroy the soul. I miss the old Hockenheim for example. It’s ruined now. And yes I realise even the track layouts i was used to… Read more »