Turkish GP shifts 40,000 tickets in six hours
In news likely to make many a concert promoter weep, the Turkish Formula 1 grand prix sold more than 40,000 tickets within six hours of Wednesday morning’s onsale, promoter Intercity has announced.
The first tickets for the race, priced at ₺30 (€3.50) per day or ₺90 (€10) for a three-day pass, were released on 16 September. Organisers are targeting an audience of 100,000 for the grand prix, which will take place on 15 November at the 220,000-capacity Istanbul Park circuit.
According to Intercity chairman Vural Ak, a socially distanced six-figure crowd can easily be accommodated with the track at less than half its capacity. “We know the capacity of this track,” he told reporters at a press conference earlier this month. “Around 220,000 spectators can watch the race in the grandstands and in the open areas.
“At the moment, for safety reasons, if we close some sections, about 100,000 spectators will be able to watch the race by following social distancing rules.”
“About 100,000 spectators will be able to watch the race by following social distancing rules”
Formula 1 is returning to Turkey for the first time since 2011 this year, with Istanbul added to the revised 2020 F1 calendar late last month.
According to PlanetF1.com, Intercity is not expecting to turn a profit for the event.
“Formula 1 normally has certain standards, and ticket prices are at a certain level,” says Ak. “However, we do not seek to gain financial advantage from this, and the government has encouraged us [to go ahead with a low ticket price].”
The first eight races of the F1 season were held without fans, with the ninth, 13 September’s Tuscan Grand Prix at Mugello, Italy, the first to have an audience, selling 2,880 tickets per day.
T4F sells stock-car biz to focus on music
Time for Fun (T4F Entertainment) has sold its shareholdings in Vicar Sports Promotions, the promoter of Brazil’s popular Stock Car and Stock Car Light racing series, to focus on its core live music business.
Sao Paulo-based T4F is South America’s leading live entertainment company, promoting shows and festivals and running venues in Brazil and Argentina. It has been in control of the Nascar-inspired Stock Car series since 2006.
The sale of Vicar, to Veloci Investments, is “aligned to the company’s strategic planning in order to increase its efforts to the promotion of major music festivals and live concerts, as well as family events and theatre”, according to T4F’s CFO, André Pinheiro Veloso. T4F’s festivals include Lollapalooza Brazil and Popload Festival.
The proceeds will reinforce Time for Fun’s cash position, he adds.
Similarly to other public live entertainment businesses, T4F saw its turnover decline 98% in the second quarter of 2020 as touring ground to a halt.