F1 open to taking “risks” with new races

Instead of the traditional sanction fee model, the Miami GP will be based on a risk-sharing initiative between F1 and local promoter South Florida Racing, which is run by billionaire Stephen Ross. Rather than just take a straight fee, F1 sees Miami from the perspective of a bigger picture, in terms of potential for extra revenues from areas such as hospitality over the weekend, as well as a ... ... Keep reading