Formula 1 wants to raise annual race fee for Monaco to host Grand Prix
Formula 1 wants to raise annual race fee for Monaco to host Grand Prix
fortune.com
Formula 1 wants Monaco to shell out more to host opulent Grand Prix
Saudi Arabia and Bahrain, two other race hosts, fork over more than $50 million a year, according to estimates.
Liberty Media Corp., owner of the Formula 1 racing business, is seeking additional funds from the principality of Monaco as part of advanced talks for a new contract to extend the historic car race beyond 2025.