F1: The business behind the Monaco Grand Prix is wild

This is a segment from the Joe Pompliano podcast.

The Indy 500 will have far more people in attendance than the Monaco GP today, but the money and sponsorship in Monaco this weekend dwarfs the Indy 500. It’s the Pretzels and Hot Dog crowd vs. the Caviar and Champagne crowd.

The business behind the Monaco Grand Prix is wild.

• $15M host fee (vs. $55M for others)
• Full sponsorship & TV control (historically)
• $250 million yachts & $6,000/night hotels
• No income, capital gains, or property tax

But changes might be coming.

Here’s a breakdown: pic.twitter.com/XGjCihLrcu

— Joe Pompliano (@JoePompliano) May 27, 2023