F1 races spark global bidding war as countries invest billions to host, aiming for economic growth.

Formula 1 (F1) races are driving a global bidding war, with countries like Abu Dhabi and Saudi Arabia investing billions to host events, seeing them as key for economic growth. Prime ministers are even lobbying for hosting rights. While F1 races generate significant economic value—like the Las Vegas Grand Prix, which added $1.2 billion—traditionalists worry this commercial focus may dilute the sport. F1 must balance its expanding audience with core fans as it makes decisions that could impact the sport's future.

November 11, 2024
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