Formula 1 will not receive a hosting fee for the next three Brazilian Grands Prix at the Interlagos circuit in Sao Paulo, RaceFans can reveal.
RaceFans has learned that while the promoter agreement was extended before Liberty Media took over as the sport’s commercial rights holder, the financial agreement was not.
Despite this the deal to hold the race is not thought to be at risk. This year’s Brazilian Grand Prix is set to take place on November 11th and next season’s race was included on the 2019 F1 calendar confirmed by the FIA World Motor Sport Council last week.
As a result F1 stands to miss out on a hosting fee for the race, which can run to tens of millions of pounds for other rounds of the championship, for three seasons in a row. F1 teams will therefore lose their share of the income from racing at one of the most distant venues from their European bases on the calendar.
Read more about the financial pressures F1 is facing in the latest instalment of Dieter Rencken’s RacingLines column later today on RaceFans.
Don't miss anything new from RaceFans
Follow RaceFans on social media:
Advert | Become a RaceFans supporter and
2018 F1 season
- McLaren staff told us we were “totally crazy” to take Honda engines in 2018 – Tost
- ‘It doesn’t matter if we start last’: How Red Bull’s junior team aided Honda’s leap forward
- Honda’s jet division helped F1 engineers solve power unit problem
- McLaren Racing losses rise after Honda split
- Ricciardo: Baku “s***show” was Red Bull’s fault