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F1 discussion

Valencia want out of their contract

This topic contains 18 replies, has 15 voices, and was last updated by Avatar of Icthyes Icthyes 3 years, 9 months ago.

Viewing 15 posts - 1 through 15 (of 19 total)
  • Author
    Posts
  • #128579
    Avatar of Baron
    Baron
    Participant

    But Bernie says “No!”…..

    #152149
    Avatar of David-A
    David-A
    Participant

    JUST LET THEM OUT BERNIE!

    But seriously, where is your source?

    #152150
    Avatar of smifaye
    smifaye
    Participant

    I read it at PlanetF1. Sorry, can’t post link because I’m at work

    #152151
    Avatar of lamo2741
    lamo2741
    Participant

    Seen something about this also……So many F1 fans will want this to be dropped!

    #152152
    Avatar of David-A
    David-A
    Participant

    So sadly, it’s at Planet F1, so we need this news to be posted on a reputable website.

    #152153
    Avatar of RIISE
    RIISE
    Member

    http://joesaward.wordpress.com/2010/11/23/formula-1-and-valencia/

    That clears it up. They are losing money on it though.

    #152154
    Avatar of Todfod
    Todfod
    Participant

    This is some of the best news I’ve heard in a while. Lets hope Abu Dhabi and Bahrain want to get out of their contract as well. And hopefully, Tilke, wants out of his contract as well.

    #152155
    Avatar of AndrewTanner
    AndrewTanner
    Participant

    Can’t say I would miss it. Seems a bit twisty for the sake of it. However I can forgive Tilke thanks to Istanbul Park.

    #152156
    Avatar of Prisoner Monkeys
    Prisoner Monkeys
    Participant

    And hopefully, Tilke, wants out of his contract as well.

    This. This is the problem with circuit design. Not Tilke – the attitude towards him. People seem oblivious to the fact that if you drop Tilke and replace him with someone else, nothing changes. Whoever would replace him is bound by the same constraints as Tilke. All they’ll produce is a “Tilkedrome” with a different name in the by-line.

    #152157
    Avatar of wasiF1
    wasiF1
    Participant

    I hope the story is true, but as said will Bernie lets the money go away? If the story is true then we can have French GP back or lets have a race in Portugal.

    #152158
    Avatar of Todfod
    Todfod
    Participant

    @Pm. If all the tracks have to comply with safety standards, how are tracks like Spa, Silverstone, Albert park, and the Canadian GP still around? Surely they are within the safety regulations and norms, and yet they provide a lot of overtaking opportunity. Tilke just cant design a track that is safe, yet overtaking friendly. Tilke is more focussed on new designs and different circuit layouts instead of just designing a track that will provide a better show for spectators.

    #152159
    Avatar of DavidS
    DavidS
    Participant

    The problem with the races being unprofitable is Bernie.

    The figures being quoted are that the race costs 30m Euro, including 18m in Bernie fees. Ticket sales generated 10m Euro. Without the fee, they would only be short 2m, which isn’t a significant gap for the government to cover, and it would easily cover the tourism bucks generated into the local economy.

    Obviously, the Bernie fee is necessary as it pays for a lot of the logistics specific to the venue which needs to be covered…but 18m seems excessive. He’s a billionaire from F1, so it’s clear that he takes a huge cut from that for his own use.

    The reason he has publicly said he doesn’t want to lose it is because if he lets them out of the contract, he loses a lot of money. F1 needs a hard nosed business man to run the commercial side, and Bernie very much fits that description. It’s likely that his successor would be equally as hard nosed, as that’s what CVC would want. I just hope that they have a heart for the sport and secure GPs which are historically significant and give them a break on their fees.

    #152160
    Avatar of Icthyes
    Icthyes
    Participant

    Well if any of you have been following the news recently then Spain might be next in line to face financial meltdown, so vanity projects like Valencia may have to be scrapped. I doubt it brings in anywhere near as much revenue and tourism as Melbourne does, so it could be bye-bye Valencia…

    …and hello to Rome. Damn.

    #152161
    Avatar of lucasowen85
    lucasowen85
    Member

    Portugal is the next place in Europe to crumble, so anyone hoping for a switch to Portimao for the European GP is going to be disappointed. Rome seems to be the likely destination and happily clears up the question of which GP it was going to replace. Nobody will miss Valencia.

    #152162
    Avatar of Lachie
    Lachie
    Member

    if you drop Tilke and replace him with someone else, nothing changes.

    At this point though there’s really nothing to lose, he’s had a good 10 or so tries and had a bad hit ratio. Time to move on.

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