Tag: hefty licensing fees

F1 cuts down on steep GP venue fees

Article posted by Coliseum, September 11^th, 2023

The Formula One has reportedly decided to recalibrate its initial plan that would have seen Las Vegas (US) venues pay hefty licensing fees to gain unobstructed views of the inaugural Grand Prix race. ‘si.com’ stated that initially, F1 had set a high bar, asking for a licensing fee of $1,500 per... » Read more