Carey: "Formula 1 is like the World Cup"

With the FIFA World Cup starting later today, F1 Chief, Chase Carey has compared the competition to the sport.

Carey was speaking about the similarities between the sport and the world's most famous football competition, at the FIA Sport Conference.

"I think we want a balance of races around the world," Carey admitted.

Carey also talked about F1's plans of allowing more countries to host GP events.

"First, we want to make sure it's great for a race," Carey said.