Liberty Media admits that the costs associated with F1's Las Vegas GP have risen – but the company insists that the event is set to be a financial success ⬇️
"We've entered into a couple of challenges as we've uncovered asphalt, cables under the ground that needed to be addressed, there have been wires overhead that needed to be moved,” she explained.
“We've also encountered some additional requests from the local stakeholders such as the casino properties, around enhanced security, around opening and closing the track. So this has led to additional equipment that was needed, as well as additional actual road work. “We've also been already receiving inbounds with attractive economics for use of the paddock building within the next year,” said Maffei. “And we look forward to sharing those commercial plans once they're finalised.”“We are just beginning to really scratch the surface on what is available for us on a go-forward basis with the building,” she said. “We have had a number of inbound requests.
“Many of our partners in the F1 ecosystem are very interested in working with us throughout the year. All I can say is a lot more to come over the next few months.”
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