Posted Mon October 10, 2016
Stands are empty, hotel rooms available and tickets unsold.
Formula One’s most glamorous race, the Monaco GP, is feeling the pinch of the global financial crisis.
Formula One’s slim-downed, cost-conscious version arrives in Monaco, one of the world’s wealthiest states, for the 67th time. But the atmosphere is clearly different this year.
Although there will be movie stars and models frolicking aboard two-story yachts as always, the downturn has touched the tax haven many F1 drivers call home.
There were empty seats during Thursday’s first practice day and thousands of the 45,000 tickets were still available on Friday for Sunday’s 78-lap race.
“I was this week in the port and there are clearly less boats than other years,” said Williams driver Nico Rosberg, who has lived most his life in Monaco. “Everyone in Monaco has been affected by the crisis. Probably the majority of the wealthiest here have lost an enormous amount of money.”