By Alan Baldwin
LONDON, June 2 (Reuters) - Annual revenue from Formula One's commercial rights is set to double in the next five years to more than $3 billion thanks largely to race hosting fees, according to a report published on Thursday.
The Formula Money report predicted annual revenues for the Formula One Group would rise at a rate of 12.7 percent to reach $3.253 billion by 2016 compared to an estimated $1.587 billion in 2010.
"Revenues are expected to hit ...
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