2010 Formula 1 Championship Without the British Grand Prix

There is a possibility that we won't see the British Grand Prix in the Formula 1 calendar in 2010. Silverstone is old and needs to be reconstructed. Bernie Ecclestone has suggested that the British government covers the reconstruction costs, as well as pays the fees demanded by the F1 Group. No money means no British Grand Prix, which is sad indeed.

An estimated budget for the reconstruction is around $200 million. Not a cheap job, however, the amount is far less than that spent on the Olympcis by the British government.

From pure economic point of view, the Olympics is a one-time event (though lasting a couple of weeks, bringing in a steady stream of tourists and revenues), while a Formula 1 grand prix is an annual event. This means that in the long run, a Formula 1 grand prix can bring in higher revenue for a country than the Olympics can.