Hanoi street race could lead Formula One Asia expansion
Formula One is expected to add more races in Asia including a street circuit in the capital of Vietnam, a country with little motorsport history that is on the verge of getting a marquee event.
“We think Hanoi could come on in the next couple of years, and we’re working with the Hanoi government to that end,” Sean Bratches, Formula One’s managing director of commercial operations, said. There is even speculation it could be on the schedule next season, which Bratches rebuffed.
Vietnam would join countries such as Azerbaijan, Russia and Bahrain, which have Grand Prix races, little history in the sport, and governments with deep pockets that serve F1 as it tries to expand into new markets.
“This [Hanoi] is a street race where we can go downtown, where we can activate a large fan base,” Bratches said. “And you have extraordinary iconography from a television standpoint.”
A second race in China is also likely and would join Shanghai on the F1 calendar. Bratches said deciding where to stage the GP will “be left to local Chinese partners” — Beijing is a strong candidate.
Bratches runs the commercial side of Formula One, which was acquired last year by US-based Liberty Media from long-time operator Bernie Ecclestone.
Formula One’s long-term goal is to have 24-25 races — up from the present 21 — and arrange them in three geographical segments: Asia, Europe and the Americas. Bratches said the Europebased races would stay in middle of the calendar, with Asia or the Americas opening or ending the season.
He said their positioning had not been decided, and getting this done will be slowed by current contracts that mandate specific places on the calendar for several races. This means eventually that all the races in Asia would be run together, as would races in Europe and the Americas.
The F1 schedule is now an inefficient jumble, allowing Bratches to take a good-natured poke at how the sport was run under Ecclestone. “We’ve acquired an undermanaged asset that’s 67-years-old, but effectively a start-up,” Bratches said.