F1 Rumour: Formula One Gives Expensive Ultimatum to Las Vegas Venues Ahead Of Inaugural Grand Prix

It has been reported that venues in Las Vegas are being asked to pay millions to use their views of the Grand Prix circuit.

It has been rumoured that venues in Las Vegas are receiving demands from Formula One executives to pay millions in fees for their view of the circuit ahead of the inaugural Las Vegas Grand Prix.

According to sources who informed The New York Post, Formula One has asked venues along the to circuit pay $1,500 per person based on the full capacity, for licensing rights. This could potentially lead to charges reaching an astronomical $2.25 million for a 1,500-seat establishment.

Should venues fail to pay, obstructions such as barriers and stands may end up spoiling their customers' enjoyment of the race, as per F1 sales representatives. A casino owner commented:

“They are literally shaking people down saying they will obstruct views unless they pay them.

“It seems insane that they are asking money for a public event that is taking place in the streets.”

More accusations include threats to shine lights toward 'unlicensed' venues' viewing areas, interfering with guests trying to watch the race. An insider confirmed:

"There is a real chance of obstructing views with stands and barricades.

“I know the hotels are upset about it and they are trying to figure out if they’ll play along.”

One Vegas executive disclosed knowledge of a venue refusing to pay licensing fees. In retaliation, F1 is reportedly pressuring official sponsors to get that venue to relent. The executive added:

"There is a certain line they are crossing [by] telling someone who has spent billions on their property that you are shutting the Strip down for construction and then asking them to pay for seats.”

There has not been any official comment from the F1 on this.