US GP boss: New owners should buy circuits

Date published: March 30 2017

Bobby Epstein, the promoter of the US Grand Prix, reckons Formula 1’s new owners Liberty Media should buy some circuits with Austin open to a deal “at the right price.”

With Formula 1 under new ownership many in the sport are hoping for changes, and the circuit bosses are no different.

Some of F1’s circuits, most notably in Germany, have come under financial strain in recent years as the cost of hosting grands prix continues to climb.

This has, according to Epstein, opened the door for Liberty Media to buy some of the tracks.

“I do think it makes a lot of sense for them to own some circuits. It would have to be part of any long-term strategy for them,” Epstein told Reuters.

“I see a lot of logic and business reasons for them to own some circuits.

“I think all of the circuits struggle under the current environment. If they (Liberty) change it and help the circuits survive, are they better off owning the circuits than making concessions?

“Are they actually giving up profitability by not owning the circuits? If they (the circuits) are going to make money from an F1 race, then F1 might as well own that profit.”

As for whether the Austin circuit, of which Epstein is the co-founder and chairman, would be up for sale, he replied: “At the right price.”

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