Monaco pays no fees, to my memoryWilliamsF1 wrote:Must be the worst deal done.beelsebob wrote: The track pays $55m in fees to Bernie,
European GPs such as Spa would be getting a sweet deal, should be comparable to Silverstone deal.
Monaco pays no fees, to my memoryWilliamsF1 wrote:Must be the worst deal done.beelsebob wrote: The track pays $55m in fees to Bernie,
European GPs such as Spa would be getting a sweet deal, should be comparable to Silverstone deal.
Monaco did not pay until last year. Now they do, but it is a very small fee. If memory serves me right it is no more than $1m. I read that the budget for the race is $35-40m. They also are allowed to keep the revenues for track side advertising which no other promoter may do. But still the principality has to subsidize the event by approximately $10m. This money they easily recoup by the taxation on the tourist business the race creates.raymondu999 wrote:Monaco pays no fees, to my memory