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News Forum - Red flag – the profitable end of Hanoi’s car-crash F1 GP

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With the possible exception of a Qatar World Cup, few sporting sagas could be more absurd and inappropriate that the story of the never-to-be Hanoi Grand Prix. Vietnam has absolutely no tradition whatsoever in the sport of Formula 1, nor any motorsport for that matter. The moment plans for a Hanoi grand prix were announced, it was clear that this would be an event exclusively devoted to making certain rich people richer, and generally wasting massive amounts of resources. Wasted so far? US$600 million (23 billion baht). Wasted, perhaps, but whoever owns the pockets where the cash now nestles – […]

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