Formula 1: Loss-making Korean GP to Receive the Axe?

Just two years after entering the Formula 1 calendar, the future of the Korean Grand Prix looks bleak. The organizers are suffering heavy losses, most of which they attribute to the high fees paid to Bernie Ecclestone.

According to ESPN, this year's race that took place last weekend, cost around US$80 million– and the organizers lost US$56 million, which is very close to the fees paid to Ecclestone for the privilege to host a Grand Prix.

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