Organisers say Abu Dhabi F1 weekend 'sold out'

Yas Marina Circuit CEO sees sales growth in Australia, UK, Europe and US markets
Organisers say Abu Dhabi F1 weekend 'sold out'
By Andy Sambidge
Fri 02 Nov 2012 11:43 AM

Organisers of this weekend's Abu Dhabi Grand Prix have announced the event has sold out for the fourth consecutive year.

“We are set for one of the most exciting Abu Dhabi Race weekends to date, “said Richard Cregan, CEO of Yas Marina Circuit.

“The buzz on the track today has been fantastic. People are happy and smiling, lots of families. It really is great, and a testament to the quality of the race and Abu Dhabi as a world-class host.”

According to the circuit, 35 percent of ticket sales were from regional and international fans, who will be visiting Abu Dhabi this weekend. 

Key international growth markets for this year's race include Australia, UK, Europe and the US.

Separately, the sport's commercial supremo Bernie Ecclestone has said that Formula One is unlikely to float on the stock market before 2014.

"The market's going to take a little bit of settling down, I think," the 82-year-old billionaire told Reuters in the paddock at the UAE race track.

"I think we ought to forget about it for next year," added Ecclestone. "In my opinion we ought to (forget about 2013). I should think by 2014 the world will have sorted itself out a little bit better."

The owners of Formula One had been preparing a $3bn initial public offering (IPO) in Singapore last June but decided to hold off as global markets tumbled and investor mood soured after Facebook's plunge in value following its flotation.

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