He stated that his term as minister would be a failure if he did not bring F1 (to SA). His words are positive, but how is this project proceeding? We take a close look at the ins and outs of hosting an F1 race as well as the players involved, both domestically and in other parts of Africa.
Firstly, one must note that the Formula One Group (Fog) owned by Liberty Media and the Federation Internationale de l’Automobile (FIA) are two different organisations with different mandates.
Fog’s role is to promote its product, negotiate agreements with promoters to host events and maximise revenues. The FIA is the governing body of motorsport around the world. It is responsible for sanctioning racing events, such as Formula 1 (F1), and it enacts and enforces sporting rules and regulations.
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