- Mon Feb 15, 2021 10:18 am
Many tracks operate on very thin margins. The cost of keeping COTA up, must be very high. It takes a lot of events to keep that cash flow coming in. The fact that that track is such a high profile venue means they can charge high fees. When the number of events drop off - so too do the funds to keep it afloat.
It's a sad state. But it is reality. I hope they can come back, but I wouldn't be surprised if things don't rebound.
We are dealing with a lot of this locally. Our biggest track (Michigan International Speedway) is having similar problems. It will be interesting to see if they can climb back. Our other, little, tracks are suffering too. Waterford Hills comes to mind. Few events were held last year. Fortunately, the costs to keep it going are not huge.
Regarding COTA - I'm curious how much the F1 race puts in their coffers? Then again - it may be a net loss. The F1 circus, when run by Bernie Eccelstone, put many tracks out of business due to their requirements and fees. Not sure how this is playing out these days.
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