COTA threatened by $25m US GP funding hit
newsdepo.com
The business model for the circuit and its biggest race is built on the annual payment from the Major Events Trust Fund that has always covered the sanction fee paid to the F1 organisation, and which in effect makes the Grand Prix a “free” event for the vCOTA threatened by $25m US GP funding hit
The business model for the circuit and its biggest race is built on the annual payment from the Major Events Trust Fund that has always covered the sanction fee paid to the F1 organisation, and which in effect makes the Grand Prix a “free” event for the venue.The money has always been paid some months after a race has taken place, because it has to be shown to have derived from tax income ...Keep reading Read more