How F1 is broken (but with no clear solution).

Formula One is the pinnacle of motorsport, exhilarating action, jeopardy and impressive racing that excites the fans – except on the frequent occasions it isn’t.

Many believe F1 to be a very processional sport with no real action and just ‘cars going around in circles’. I do disagree with this oversimplification however the 2023 season has so far done little to go against this view.

In the second season of the new technical regulations to improve overtaking, we have long DRS trains, drivers getting stuck behind slower cars are many dull races so far.

In 2023, we have had a Red Bull winning every race and the same few drivers on each podium with the only variable and source of excitement being how big a lead they can build up as they easily pass the rest of the field.

Of course we should commend their excellent engineering achievement and how they have maximised the potential of the rule change but there’s a difference between domination and having no competition to the point where even the other teams think they’re in a league of their own.

We have had this situation before which was supposed to be resolved to some extent by the cost cap and aerodynamic testing restrictions however we still have the same teams at the back and the front with the only team making actual inroads is Aston Martin backed by an über-rich owner in the form of Lawrence Stroll.

As the racing isn’t providing the action needed to satisfy Liberty Media, they are attempting to reinvigorate the sport (supposedly for the benefit of the Americans) through events, more races and pointless gimmicks like the dismal driver announcements in Miami.

The drivers in F1 are now celebrities and personalities in themselves which is great but they are athletes first and foremost which does not mean they should be reduced to performing seals just to suit the needs of a sponsor and aggressive promoter.

The excessive commercialisation of F1 is also posing problems to the real fans who are being priced out of the sport they love. Swathes of people have now become F1 fans and the stands are now filled with people who have paid extortionate sums to see a sport they know little about (seeing it as popular) leaving the true, loyal fans behind.

Of course, Liberty Media is a business and need to make money but their relentless pursuit of profiteering from F1 is making it a worse experience for the fans who are watching a sport which is deteriorating in quality.

This poses the question of how to fix F1 and to be honest, I have no idea. Red Bull’s technical achievements have contributed to the slightly more dull racing which they cannot be penalised for and the new tracks pay humongous fees so can’t be ditched either.

As for the fans, we currently have the best solution that covers everyone’s costs. We could lower ticket prices but that would mean the circuits get less revenue and there’d also be more demand meaning even more F1 fans would be disappointed.

F1 is in a quagmire but with no clear way of getting out.


Do comment your thoughts below.

9 responses to “How F1 is broken (but with no clear solution).”

  1. I agree but Liberty wouldn’t. Its become mainstream and finally got into the US market. They will just keep taking more and more money out of the sport, and constantly play with the format and rules to optimize profits.

    Do they really need the traditional fan anymore? They have new fans now who are buying into the celebrity status and are prepared to spend more money. The traditional fan base isn’t required.

    Liked by 1 person

  2. David Sperry aka BigHemi Avatar
    David Sperry aka BigHemi

    I’m not sure F1 is in a quagmire…it’s just different under Liberty Media than it was under the lengthy Bernie Ecclestone era. The Verstappen/RedBull domination at the moment is nothing new. F1 has a history of domination. It’s like Darwin’s Evolution of the Species. Lewis Hamilton dominated for a decade with McLaren and Mercedes. Before that Vettel swept four years with Red Bull, and earlier Michael Schumacher’s dominant decade with Benetton and Ferrari. You find periodic domination throughout the history of F1.

    Tinkering with the rules and format happens in every sport to keep them current and interesting for the fans. While I don’t always like it when they throw too many yellow or red flags, or dispatch too many Safety Cars (virtual or otherwise), new twists like The Sprint are brilliant. And Bernie Ecclestone could never foresee a season of 20, let alone 24 races

    Bernie’s business plan was to extract as much as he could from established tracks, and he cared little to bring new tracks and countries into the fold. The Circuit of the Americas, COTA, survived in spite of his lack of interest, and construction of a track in New Jersey overlooking the New York City skyline flopped after it was started.

    I personally like the hype and festive spirit at the new tracks, Miami being the best example. There have always been celebrities and big shots in pit row, but now there are high tech TV channels like Sky Sports to catch every second.

    Life goes in cycles… new fans become traditional fans and then the next generation comes along. I loved your thought provoking article, and as you can see, it got my attention.

    Liked by 1 person

    1. I just like the word quagmire! 😂

      I don’t mind some dominance but this is crazy dominance especially with their DRS.

      I don’t like sprint races much (especially now) but I do like safety cars.

      I’m about to read Bernie’s biography which will be interesting, I agree with the established tracks thing and Miami could be good but the way it’s been done is tacky/naff for me.

      Thanks, I quite enjoyed just writing this (without having to do a load of research).

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  3. David Sperry aka BigHemi Avatar
    David Sperry aka BigHemi

    I really enjoyed this article, and after much thought, it raised a major question in my mind: Is Liberty Media really being a good steward of their valuable Formula One asset, or are they extracting more from F1 than they put in?

    I’ve raised this question with comments on the Race Director version of your article, and also on the RD Bulletin Board which is now back in service. I’ve also given a brief overview of Liberty Media’s corporate structure. It’s a huge conglomerate with three divisions; Formula One, SiriusXM and the Boston Braves Baseball Team. Each division has a tracking stock, F1’s being FWONA.

    Since inception 10 years ago, the value of FWONA has doubled from the $30’s per share, to the $60’s per share. While not spectacular, it does show steady growth. I question the view that LM is profiteering and taking more and more money out of F1. On the contrary, I believe LM has poured money into F1 and still awarded the shareholders with a fair return.

    Who is best best equipped to do an independent and fair analysis as to whether LM is a good steward of their F1 asset? Guess who? Someone who loves motorsports and writing deep financial analyses. You have these skills and it would be wonderful if you could study the relationship between LM/F1 and give us your independent opinion.

    What better subject for your own website and RD. Would you be interested?

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    1. What you’ve done so far is very good and quite interesting. I did think about looking into Liberty Media before but there was a reason I didn’t (I think it might be because there is so much going on: they own many sports teams, F1 and have a near monopolistic position in the events space by controlling ticket sales and many venues through LiveNation). I will have a lot of spare time soon (but not yet) so I’ll have a look at it again, it’s a good idea.

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      1. David Sperry aka BigHemi Avatar
        David Sperry aka BigHemi

        Great! I would just focus on the LM holding company and F1 part of the business. That’s easy to say because the whole set-up is so complicated.

        Liked by 1 person

      2. I could do a series of each considerable part of Liberty Media.

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      3. David Sperry aka Big Hemi Avatar
        David Sperry aka Big Hemi

        At minimum that would be their 3 divisions, but each division has multiple major sub-businesses. Good luck!

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      4. I will look into it (but not yet!).

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