Hosting Formula 1 race too expensive even for free spending China ?

Future not clear for Chinese Grand Prix

Future not clear for Chinese Grand Prix

This may be bad news for Bernie Ecclestone and good news for promoters of the other Formula 1 races. Organizers of Chinese GP are evaluating the feasibility of hosting the race ahead of expiry of their contract. Shanghai Grand Prix was first time hosted in 2004 and the organizers have two more races to go before the original contract runs out in 2010.

One would think that money does not matter in country like China. But things change … There is a chance that the Chinese GP may be dropped.


Qiu Weichang, deputy director of the Shanghai Administration of Sports:

“We’re doing the assessment. By next year we should be able to give you an answer. We want to create a win-win situation, for our side and for Bernie (Ecclestone) and the F1 organisers as well. If this is something we can do, and our cooperation is very happy and smooth, we will consider it.
Of course we would like at least to break even. But there are two factors, one is the assessment the other part is the win-win situation that we can create.”

I wonder if this news is what it is – simple announcement that the organizers have to do some math before renewing the contract. Or is this is an opening gambit in the game the Chinese organizers are ready to play with Bernie Ecclestone ?

China dropping the race would send a signal to all other free spending countries that the benefits of hosting the race do not really outweigh the cost associated with it. I am not sure that Ecclestone would be too eager to see that happening.

Shanghai already ditched the MotoGP race that pretty much nobody went to see.

Photo: Renault/LAT

5 Comments Post a Comment
  1. [...] Hosting Formula 1 race too expensive even for free spending China ? – F1 Wolf"I wonder if this news is what it is – simple announcement that the organizers have to do some math before renewing the contract. Or is this is an opening gambit in the game the Chinese organizers are ready to play with Bernie Ecclestone ?" [...]

  2. kaushalNo Gravatar says:

    ur page is not opening.. so couldnt read the complete story

    kaushals last blog post..Lewis hamilton 2008 world champion:THE REARVIEW(PART 1)

  3. [...] He has enough interested parties waiting in the line. But look how different was his reaction to the news about Shanghai reconsidering the future of Chinese GP: “We have a contract until 2010 with an option for five years after that. We will talk to [...]

  4. [...] can afford to pay those horrendous amounts does not mean that that kind of money is reasonable… Even free spending China seems to have realized that already [...]

promogifts.hk

2013 Teams and Drivers

Red Bull
1. Sebastian VETTEL
2 Mark WEBBER
Ferrari
3. Fernando ALONSO
4. Felipe MASSA
McLaren
5. Jenson BUTTON
6. Sergio PEREZ
Lotus
7. Kimi RAIKKONEN
8. Romain GROSJEAN
Mercedes
9. Nico ROSBERG
10. Lewis HAMILTON
Sauber
11. Nico HULKENBERG
12. Esteban GUTIEREZ
Force India
14. Paul di RESTA
15. Adrian SUTIL
Williams
16. Pastor MALDONADO
17. Valtteri BOTTAS
Toro Rosso
18. Daniel RICCIARDO
19. Jean Eric VERGNE
Caterham
20. Charles PIC
21. Giedo van der GARDE
Marussia
24. Jules BIANCHI
25. Max CHILTON

2013 F1 Calendar

15-17 March - Australia
22-24 March - Malaysia
12-14 April - China
19-21 April - Bahrain
10-12 May - Spain
23-26 May - Monaco
07-09 June - Canada
28-30 June - Great Britain
5-7 July - Germany
26-28 July - Hungary
23-25 August - Belgium
06-08 September - Italy
20-22 September - Singapore
04-06 October - Korea
11-13 October - Japan
25-27 October - India
01-03 November - Abu Dhabi
15-17 November - USA
22-24 November - Brazil

Archives

2010 Mercedes GP F1 Merchandise