| Very true Tim, but can you really see them losing money at a GP weekend? If they do lose money then somebody somewhere isn't doing their job right!
Look at all those punters from previous years paying £75 a ticket just to get through the gates! Then you've got Grandstand charges, all the hospitality suites, the money they make from the stalls selling overpriced burgers and coke, merchandising, etc. Do they get paid for the TV rights as well? Then there's all the knock-on effects of it being the GP circuit.
The paper quoted that the area stood to lose £30m in lost revenue if the GP doesn't go ahead! While this obviously doesn't all go to Silverstone, it shows the amount people are spending in that one weekend.
OR do they purely host the GP there at a loss, to make more money on other events? |