I investigated the possibility of doing this some 8 years ago and it was feasible then, so it is certainly going to be much easier to do now. Mind you it wasn't going to be real easy at all back then, but it could be done.

Various cameras at strategic locations around the circuit,

Signal from each camera transmitted to the top of the mountain,

Signal relayed from the top of the mountain and received by Outside Broadcast Unit at the back of the Grandstand,

Signal(s) edited for transmission by editing team in the OB unit, with selected time delay.

Signal bounced to satellite and downloaded to telecity in Manchester for Pay for View via the Internet with the public selecting one (of say 6) camera view points or a general mixed camera broadcast view.

Signal downloaded by Television company and selected edited edition transmitted via normal terrestrial system, or live feed (delayed transmission) by satellite to those subscribing.

It is feasible, but costs are incredible.

The logistics are horrendous but can be overcome.

Initial investment runs well into 6 figures and in fact nowadays will be in 7 figures.

So if someone has the Cojones to have a go, I would be very interested to hear from them.