Liberty Media play down potential loss of five GPs
Liberty Media play down potential loss of five GPs
Liberty Media boss and Formula 1 chairman Chase Carey has played down the potential fallout from losing five grand prix races in the 2020 calendar, saying that race organisers negotiating until the last minute to renew their GP deal is "nothing unique".
This week, the Mexican Grand Prix was dropped from the 2020 calendar after race chiefs failed to meet the deadline for renewal, with the government previously withdrawing their funding to host to the race.
The British, German, Italian, and Spanish grand prix events are also under threat and do not currently have an agreed deal beyond 2019, and although losing all these races would be a major blow to F1, Carey is not concerned that time is running out.
"We have contracts where 2019 is the last year and we have to either create a new agreement or go our separate ways,” Carey reportedly told investors in a recent conference call.
"There’s nothing really unique to this that wasn’t true last year
“We had a number of renewals last year, just as we had a number of renewals the year before. There are different issues to each one.
"That’s the process we’re engaged in now, with renewals for 2020 – we’ll always have three or four negotiations we’ll have to go through [each year]."
Not only is Carey not concerned about losing races, he remains confident that the sport can attract even more venues going forward.
"As we’ve gotten a few years under our belt I think we feel pretty good about the trajectory of the ability to continue to have a healthy business. We think there’s room to add a bit to the race calendar," he continued.
"We have places all around the world that would like to add races, including not just new markets, but some traditional markets like western Europe."
MORE: Ricciardo: 2019 season 'impossible' to predict
MORE: Mercedes, Ferrari will destroy F1 without budget cap - Haas boss Steiner
Change your timezone:
Latest News
Newey Red Bull EXIT date revealed as F1 star confirmed at new team - GPFans F1 Recap
- 2 hours ago
Verstappen takes F1 swipe at Hamilton and rivals with ruthless remark
- 3 hours ago
Marko defends Ricciardo in 'unbelievable' idiot claim
- Yesterday 21:57
Hamilton hints at sensational Newey arrival at Ferrari
- Yesterday 20:57
Suspended Red Bull employee 'grilled' as Horner saga given potential END DATE
- Yesterday 19:57
BLOW for former F1 champion as Mercedes preferences revealed
- Yesterday 18:58
F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media
Innovatieweg 20C7007 CD, Doetinchem, Netherlands
+31645516860