Formula One’s new urban economies

The Formula One (F1) industry has become a true microcosm of the world economy, as new business opportunities surface in emerging countries. Until the beginning of the twenty-first century, this sport was mostly relevant to traditional western urban elites, but since then, the F1 calendar has been largely altered to the benefit of ‘dominant-emerging cities’ and to the detriment of more traditional destinations. This article focuses on this urban question through a historical analysis of the F1 circuit’s expansion phases as well as through a study of the current Grand Prix’s estimate sanction fee.