Menu
Leagues and Governing Bodies

Ecclestone Indicates That Europe Will Play Lesser Role As F1's Future Race Sites

F1 Management Chair Bernie Ecclestone indicated that Europe’s time as “the dominant force in motor racing is over and the sport’s traditional heartland will be reduced to as few as five races a year” on the F1 circuit, according to Kevin Eason of the LONDON TIMES. Ecclestone said, “I think in the next few years Europe will be left with only five races. Europe is finished. It will be a good place for tourism but little else. Europe is a thing of the past.” Ecclestone’s “drive for cash” on behalf of F1 parent company CVC Capital Partners “may be good for the private equity group’s finances, but millions of fans across Europe will be devastated if the television set is as near as they can get to the sport.” Ecclestone did not name the tracks that would be lost, but his “sights will be swinging towards Spain and Germany, as well as Belgium.” Ecclestone “does know where the sport will be heading in [the] future, though, and, apart from a United States Grand Prix in New Jersey in 2013 and inquiries from South Africa and Mexico, it is almost exclusively to regimes in the East, willing and able to pay hosting fees" of more than US$39M a year. Asked whether Europe was still the traditional home of F1, Ecclestone said: “It used to be.” Eason notes only Monaco, the “jewel in Formula One’s crown, is above the troubles in Europe” (THETIMES.co.uk, 11/29).

SBJ Morning Buzzcast: March 19, 2024

PGA Tour/PIF inching closer? Another NWSL sale for a big return and MLB's Go Ahead Entry expands

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2011/11/30/Leagues-and-Governing-Bodies/F1.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2011/11/30/Leagues-and-Governing-Bodies/F1.aspx

CLOSE