Quote:
Originally Posted by DrFerry
Only in America.. "Don't have a track in your city? No problem we'll just build a temporary one for you." Man there must be money in Miami - and in the ticket sales to warrant such a venue when Austin already has a permanent track.
Go figure the economics of F1. Assume roughly a combined 350,000 fans show up from South America and North America (link below from Austin GP headcount). Assume an average ticket cost of $300 (just a wild guess by me). Then we get 350,000 X $300 = $105,000,000 ($105M). The cost of hosting an F1 event was estimated in 2017 by Forbes to be $1B (link below). Given the costs to build the temporary circuit, surely the organizers are losing money? Perhaps my math is wrong because Jalopnik (I hate that site) said back in 2021 some tickets are costing thousands of dollars.. But at $1000 a ticket X 350,000 people still equates to way less than $1B.
https://www.thedrive.com/accelerator...t-f1-race-ever
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https://www.forbes.com/sites/csylt/2...h=322ad1794f79
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https://www.motorsportmagazine.com/a...ami-grand-prix
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https://jalopnik.com/the-miami-grand...san-1847946662
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