Formula One increases the number of races up to a maximum of 25
Formula one went from being an amateur past-time to becoming one of the world’s most-watched annual sports series, considering that in 2014 there have been no less than 425 million viewers. Fortunately for billionaire Bernie Ecclestone, considered the ultimate creator of the sport, adding more races can only boost F1’s base and financially, each Grand Prix is estimated to bring up annual fees up to almost $80 million.
The private equity firm CVC is by far the biggest beneficiary since it controls the F1 Group and the commercial rights to the series. After the unfortunate drop of the German Grand Prix, this year there will be a total of 19 races. After a 23 year absence, this October F1 will return to Mexico and next year, the fans will have the chance to enjoy the competition in Baku. Since the Grand Prix in Germany is scheduled to return on a condensed calendar, 2016 will be the year to record 21 races.
Even though nothing is certain yet, there will surely be more races to come. New on the list, Cape Town and Qatar are two locations which might host the famous series, while another events are being planned in the United States including a street race in Las Vegas. Until 2013 the F1 Group needed the approval from the Federation Internationale de l’Automobile but it has been able to put up to 25 races on the calendar without the clearance from the FIA.
As the things look at the moment, it’s only a matter of time until F1 Group breaks the current limit of 20 races.