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Carey: "We feel pretty good about the momentum of the business"

10:04, 07 Aug 2018

byBobby Vincent

The owner of Formula One, Chase Carey is sure that there has been progress with the sport but believes there is still work to be done.

Chase Carey is pleased with the direction that his sport is going in, but he admits that there is still work to be done.

Speaking to The Sunday Times, Carey said: "We feel pretty good about the momentum of the business. We've had good crowds. Recently they've all been up significantly. In Hungary they added stands, the same in Germany the week before.

"Although it's only anecdotal, it was nice in Germany that people were saying how much more exciting and enjoyable the racing was compared with two years before when it was last there. They said it had a different feel, a different energy, an openness and more of a fun atmosphere for the fans.

"Do we need to make the action better, the competition close? Yes. Do we have an issue on costs? Yes. Do we need to create healthier business models? Yes. Do we need to simplify elements of the rules? Yes.

"Within that there are differences of specifics; with 10 teams there are a range of views. So you have to wade in and find the compromises that nobody's completely happy with but with everybody believing the logic. Nobody is going to get everything they want but together we'll be in a better place."