Toto Wolff believes that in the future Formula 1 will no longer be able to rely on the massive franchise fees paid by race promoters as a remnant of the Ecclestone era. Several venues have already sought better terms with commercial rights holder Liberty Media, and the trend is set to persist following a meeting between Formula 1's managers and race promoters last weekend in Monaco. Baku, Russia and Abu Dhabi are intended on negotiating a lower race fee, Hockenheim is holding out on a new deal while the future of the British Grand Prix is in jeopardy after Silverstone ended its contract with the sport. Ecclestone says 'neglecting' Todt must take back the reins of F1 According to Mercedes...
Full Story »