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Azerbaijan GP promoter seeking race fee reduction

With its current contract due to expire after the 2020 race, Azerbaijan has an option to continue hosting a round of the Formula One World Championship until 2025. However, Baku City Circuit Executive Director Arif Rahimov has admitted that unless the race hosting fee can be renegotiated the contract will not be renewed. The original deal, which was done by Bernie Ecclestone, sees Azerbaijan paying some of the highest fees of all the events. While under the former F1 supremo's rein promoters knew little of what others were paying this has changed somewhat since Liberty Media bought the sport early last year. Learning that the fees for his race are amongst the highest being paid of the 21...
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7mo ago from Pitpass.com 0
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