Korea Can't Afford F1 Anymore

Korea Can't Afford F1 Anymore

Post by Von Fourch » Thu, 20 Oct 2011 03:57:45

F1 had their race in South Korea on Sunday and people are saying the stands
did not look
very crowded.

    Now the people behind the race want to renegotiate with F1 on the
hosting fees.

   I'm under the impression last years race was paid for with private money
and no public money
went to this race.  From this article I'm  not sure who's helpign pay for
the race.  One thing is fore sure,
they can't afford it.

  My favorite line is this - "He knows perfectly well our current situation,
and I hope he is more co-operative."

 lol.

   http://www.autosport.com/news/report.php/id/95498

    "Korean Grand Prix organisers are seeking the help of Bernie Ecclestone
to allow them to renegotiate their race contract terms in a bid to keep the
event on the calendar."

 "Amid question marks about the future of the Yeongam GP, race promoter
Won-Hwa Park has admitted that the event faces financial difficulties
because of the huge hosting fee that had been agreed before he arrived in
his current role."

"When asked what the situation would be if Ecclestone was unwilling to
change the terms of the original deal, Park said: "It is too early for me to
say at the moment."

"He added: "He knows perfectly well our current situation, and I hope he is
more co-operative."