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Abu Dhabi, China and Bahrain have been on the roster for years, and Russia, in the negotiations overseen by Putin, pledged to pay a reported US$40 million a year to stage races in Sochi for the next seven years.
That, and the building of a track at Sochi, which accurately matched Ecclestone’s specifications, is part of a wider plan to sustain the US$1.5 billion in revenue Ecclestone husbands from the races each year, the largest chunk of which is retained by London-based investment company CVC Capital Partners, the sport’s majority owne
That, and the building of a track at Sochi, which accurately matched Ecclestone’s specifications, is part of a wider plan to sustain the US$1.5 billion in revenue Ecclestone husbands from the races each year, the largest chunk of which is retained by London-based investment company CVC Capital Partners, the sport’s majority owne
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