Formula 1 CEO Stefano Domenicali has raised concerns about the future of historic venues on the F1 calendar. In a recent interview with the Passa dal BSMT podcast, he emphasized the importance of investment in these tracks to remain competitive.
Historic Venues Under Pressure
Domenicali highlighted that the investment landscape has shifted dramatically since 2020. He stated, “Competition has changed, and affection alone is not enough.” This marks a significant departure from the past, where tradition often held more weight in race calendar decisions.
- Historic Tracks: Places like Silverstone and Monaco hold historical significance.
- Newer Circuits: Tracks such as Las Vegas and Zandvoort are capturing attention and investment.
For many young fans, traditional races do not hold as much appeal. Domenicali explained that rising new venues can overshadow historical ones if they fail to modernize and attract investment for infrastructure upgrades.
Shifting Landscape since 2017
Since Liberty Media acquired F1’s commercial rights in January 2017, the approach to historic venues has changed. Former CEO Chase Carey had assured stakeholders that classic venues would be preserved. However, venues like the Nurburgring and Hockenheim have seen their presence diminish in recent years.
- The Nurburgring dropped off the calendar after 2013 due to financial difficulties.
- Hockenheim has not hosted a race since 2019.
In contrast, Silverstone has adapted to modern demands by enhancing its event offerings, securing its place on the calendar.
Future Challenges for Historic Venues
Domenicali acknowledged the pressures of growth in F1. As new venues arise, historic tracks may be at risk unless they can meet contemporary standards of development and financial viability. The Concorde Agreement permits future expansion, yet a consensus among stakeholders maintains that 24 races is a practical limit.
- Historic Venues at Risk: Zandvoort is set to leave the calendar, and Spa-Francorchamps will switch to an alternating schedule.
- New Opportunities: Countries like Saudi Arabia are interested in hosting multiple Grands Prix.
The conversation around historical significance versus financial viability is ongoing. Domenicali illustrated this conflict using Imola, a track constrained by limited developmental potential: “History is a value, but it can be a limitation.”
To maintain their presence, historic venues must evolve and invest in their infrastructure. Only then can they hope to compete with newer circuits eager to secure a place on the prestigious F1 calendar.
