Hello bruce777 and thank you for your question.
The answer is, any fees payable go to the FIA (Fédération
Internationale de L'Automobile) The FIA is the sport regulator and
FOA/FOM have the commercial rights for the sport. The ammount payable
varies from circuit to circuit. For example in Brazil there are no
fees paid but in China, The Shanghai International Circuit Co Ltd paid
240 million US dollars to host the Grand Prix in China for the next
Although you did not specifically ask about the commercial aspect of
the sport, I have included the paragraph below to illustrate the
relationship between the FIA and FOA (Formula One Administration)and
FOM (Formula One Motoring). SLEC is the company that represents the
interests of the major racing teams (Renault etc.. )
"Long-term commercial rights: The FIA?s World Motor Sport Council has
confirmed the 100-year agreement for the commercial rights of the FIA
Formula One World Championship with the company SLEC, represented by
Thomas Haffa and Dieter Hahn, and with the FOA/FOM, represented by
Bernie Ecclestone. This agreement will not affect in any way the
current Concorde Agreement, which expires on Dec. 31, 2007."
"The normal fees for an F1 race are around $15m a year although some
races are paying as much as $40m next year. Bernie Ecclestone, the
boss of FOM, is keen to have Canada on the calendar but it is unlikely
that he will settle for less than $10m, giving Legault a target of
$30m to find."
"And there are the fees paid by promoters for the rights to stage the
races and sell tickets. The average promoter fee now hovers around $15
million for each of the 17 races."
"The host country, promoter or host federation must pay a $10 million
fee to FIA for each race. The bill varies according to costs of
bringing the race to the country. Chandhok is confident that the bill
for India will be less than $10 million But he has no clue yet as to
who picks that tab. Chandhok says ruefully, "The numbers are not
adding up." Prophetic words, perhaps."
"While the city does not pay F1 and FOM's numerous fees for staging
the event, it does keep the Interlagos circuit up to FIA/F1 standards"
"The investment is a considerable risk for Bahrain, which reportedly
is paying between $18 million and $20 million a year to Ecclestone's
"Shanghai signed a deal with Formula One chief Bernie Ecclestone on
Monday to become the latest destination on the Grand Prix calendar."
"240 million US dollars"
"Currently there are 11 countries bidding for F1 races to be held in
their countries. Aside from the new Formula One commitments to China
and Bahrain, Moscow is also building a circuit while India, Dubai,
Turkey and Egypt are bidding to convince Ecclestone and FIA president
Max Mosley of their ability to stage races. F1 has become a global
business and we are talking big money for both the FIA and the host
countries. Statistics showed that 2 million spectators attended the 11
Grand Prix held in Europe in 1997, with total spending estimated at
US$5 billion. At this year's Grand Prix, held at the Sepang Circuit in
Malaysia, US$2.63 billion was added to the Malaysian GDP and 740,000
jobs were created during the period"
"FEDERATION INTERNATIONALE DE L'AUTOMOBILE"
8, Place de la Concorde
Tél.: +33 1 43 12 44 55
Fax.: +33 1 43 12 44 66"
"The FIA FAQ on Formula One World Championship"
"5. Who organises the Formula One World Championship?
The FIA is the world governing body of motor sport and, as such,
administers the Formula One World Championship, as well as all other
international motor sport. The Formula One World Championship was
created in 1950 and is the oldest of the FIA Championships. It also
has the greatest media impact. It is estimated that the seventeen
Grands Prix of the 2000 season attracted over 53 billion television
viewers, whilst the printed press maintained a significant presence,
with an average of 650 journalists and photographers from 65 countries
travelling from all over the world to cover each Event."
"13. Can any circuit host a Grand Prix?
No. Originally, a Grand Prix could be held anywhere, but increases in
car performance have forced the FIA to impose stringent conditions on
the lay-out, width and length of a circuit, as well as the surface,
safety provisions and facilities. Only FIA Grade 1 circuits can now
host a Formula One race"
"Q.Who owns Formula 1?
A.The FIA owns Formula One, but a lot of its commercial side is
licensed to Formula One Administration (FOA). The ownership of these
rights and companies is rather difficult to uncover."
"In order to bring a Grand Prix to India, the track owners need to
apply to the motorsport's governing body, the FIA."
"What's Needed to Host a GP"
Thank you for your question, and if you need any clarification of my
answer do not hesitate to ask.
Very best regards, and I hope you have a Happy Christmas
Search strategy included:
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