The teams, FIA and Formula One Management are often seen as the three main power brokers in the sport but, as a united force, the race promoters hold considerable sway. Without them there are no circuits to race on and collectively they contribute over $600 million to F1's $1.8 billion annual revenue. The decision for 16 of the 21 circuits to issue a joint statement under the Formula One Promoters' Association [FOPA] criticising the sport shows an awakening in their power as they look to secure a "more collaborative approach from F1" in the future. And with the contracts for the British, Italian, Spanish, German and Mexican grands prix all due to expire at the end of the season, there is an awful lot at stake for both sides this year.
Why are F1's race promoters upset with Liberty?
