The absence of the 2022 title showdown will not affect F1 business

In stark contrast to last year’s finals thriller in Abu Dhabi, Max Verstappen clinched the 2022 World Championship in Suzuka with four rounds to go while his Red Bull team secured the constructor’s version at the next race in the USA.

Domenicali says there is still keen interest in the remaining races of 2022 and he insists there will be no negative impact on F1 business.

He’s also confident that next year’s fight will be more competitive and potentially make it to the final round again.

“Well, actually we don’t see any risk at all,” he said when asked in a phone call with Wall Street analysts whether a lack of a title showdown would be bad for Formula 1’s finances.

“And first of all we have the last race with sold out tickets and the numbers are really good. Attention is of course drawn to other struggles for the sporting perspective. So that’s part of racing.

“And I would add, if I may, that we are absolutely positive about the impact that the change in regulations has brought about this year. And we can’t comment that one team, but in this case specifically Red Bull or Max Verstappen, did an incredible job. Maybe some other teams didn’t take the right chances.

“But what we saw at the track is wheel-to-wheel racing. We wanted that. And I am absolutely confident that the fight will arrive at the track next year by the end of the calendar. And as you will see, there is a lot of attention on the sporting side in recent races.

“There’s a fight for places, which also from a team perspective is related to their financial position and the financial reward when they achieve a position. So I think there will also be a lot of interest in Brazil and Abu Dhabi without any problems.”

Stefano Domenicali, CEO, Formula 1

Stefano Domenicali, CEO, Formula 1

Photo by: Carl Bingham / Motorsport Images

Domenicali also contradicted any suggestion that economic troubles in Europe could affect F1 ticket sales and hence revenues in 2023.

“First of all, as a World Cup, we can spread the risk of such a situation around the world,” he said.

“On the other hand, the fact that we have long-term contracts will reduce risk. And what I can say and share with you is that we are already seeing an incredible number of pre-registrations in terms of next year’s ticket sales.

“So that’s a good sign you’re seeing, mainly in Europe, where I live, where it’s clear that this recession is happening.

“But I think the way we’re structured, the way we’ve run the businesses will allow us to move forward in that direction.

“Therefore I would say that this current situation makes us think that we should be optimistic in this context. Of course we’re watching, but that’s what we’re seeing today.”

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