F1 "not afraid of risk" with new races

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12:00, 09 Aug 2018

Formula One CEO Chase Carey says that they are "not afraid of risk" when it comes to adding new races to their calendar.

The Miami Grand Prix has now been postponed until 2020 will run on a risk-sharing initiative shared between F1 and local promoter South Florida Racing, rather than on the standard model of an event paying F1 a fee to host the grand prix.

This move has caused some controversy within the sport, with many promotes who have already committed to lucrative long-term traditional deals.

"Realistically, every race is unique," Carey told Autosport.

"I think each one we'd look at in specific terms. People don't realise that frequently these events have a lot more moving parts than just a fee, there are hospitality components, sponsorship components, other components around it.

"But you look at each on their merits. What are the direct economic benefits and certainties?

"We're not afraid of risk, if we believe there's an upside to the risk. We obviously can afford that.

"We like having our promoters have skin in the game, it's important to us for them to have that skin in the game and stand behind it.

"But if we think there are opportunities to have upsides both in the event itself, as well as upsides to us on a much broader level, we'd evaluate it on the merits. We're not going to turn the model upside down, but if the returns justify the risks, I think we'd look at it."

Pos.	Driver	Team	Points
1	Kimi Antonelli Kimi Antonelli	MercedesMER	171
2	George Russell George Russell	MercedesMER	131
3	Lewis Hamilton Lewis Hamilton	FerrariFER	125
4	Oscar Piastri Oscar Piastri	McLarenMCL	80
5	Lando Norris Lando Norris	McLarenMCL	79
6	Charles Leclerc Charles Leclerc	FerrariFER	79
7	Max Verstappen Max Verstappen	Red Bull RacingRBR	73
8	Isack Hadjar Isack Hadjar	Red Bull RacingRBR	42
9	Pierre Gasly Pierre Gasly	AlpineALP	41
10	Liam Lawson Liam Lawson	Racing BullsRCB	30
11	Oliver Bearman Oliver Bearman	HaasHAA	18
12	Franco Colapinto Franco Colapinto	AlpineALP	16
13	Arvid Lindblad Arvid Lindblad	Racing BullsRCB	14
14	Carlos Sainz Carlos Sainz	WilliamsWIL	6
15	Alexander Albon Alexander Albon	WilliamsWIL	5
16	Esteban Ocon Esteban Ocon	HaasHAA	3
17	Gabriel Bortoleto Gabriel Bortoleto	AudiAUD	2
18	Fernando Alonso Fernando Alonso	Aston MartinAST	1
19	Nico Hulkenberg Nico Hulkenberg	AudiAUD	0
20	Valtteri Bottas Valtteri Bottas	CadillacCAD	0
21	Sergio Perez Sergio Perez	CadillacCAD	0
22	Lance Stroll Lance Stroll	Aston MartinAST	0

F1 "not afraid of risk" with new races

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