Article in CNN Business yesterday on the plummeting ticket prices to try and sell more. True F1 aficionados see it for what it is. A One Show Pony.
I doubt this race was ever meant for "F1 aficionados". That seems to have gone out the window in the 2000s when Bernie (and now, Liberty) decided that F1 should only appeal in-person to the wealthy. The teams and drivers go along with it because they benefit financially, as well.
I hope they generate enough future revenue from it to warrant the 500 million its cost the F1 to put on, apparently no sponsors are paying that 500 mil, it’s all out of the F1 pocket.
Future events should be significantly less to run, since much of the cost is front-loaded. If it proves popular with the social-media crowd, that will bring the sponsors running for future events. I see F1 hoping Vegas and Miami become the next Monaco - a place where sponsors are whined and dined and large deals are made.
Having cars on track is just to provide an excuse for everyone to show up.
Toto has banned all team members from gambling haha. I saw a promo photo of Lando, in his racing overalls, playing roulette 😂🤣😂🤦♂️🤦♂️.
The "local financial impact" to the casinos and major restaurant and retail establishments is probably going to make or break this race long-term (as in will it actually run it's full contracted length). If the "fans" don't spend, I doubt they are going to support the disruption setting up, running and tearing-down the event imposes on their operations.
Caesar's Palace agreed to host a race in1981 because they expected the fans to spend their time in the casino when not in the stands, but that didn't really happen so after 1982 they wanted to underwrite it and it became a CART event (and only then for two years).
Lewis just knows how things work in F1 in this case. It's only about the money for the organizers.
To be fair, the teams make a fair bit from the Circus and drivers like Lewis benefit from that largesse, as well. Good on him for acknowledging it.
Another point that has been raised is the fact from here next weekend is in a country that is 11 times zones away from Vegas! They all have to cope with jet lag but yeah by the last race they'll all be well and truly knackered I imagine.
I really feel for the team staff, who will have to break down and pack everything onto 747s and then board commercial flights and pretty much the moment they land in AUH, start setting up. And unlike the cargo, they don't fly non-stop (as I believe everything commercial between LAS and AUH has a connection).
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