The purposes of the current study are sports events held asset building and city image, the relationship of Benefit on the basis of previous studies on the hypothetical model by setting the 2010 Formula One Grand Prix tournament in Korea formed the city and the city image, brand equity, Benefit, the event aims to clarify the relationship of satisfaction. For the above study purposes, a total of 230 persons were collected through convenience sampling and 206 copies were used except insincere replies with omitted answers. The following study results were found according the above study method. First of all, formation of brand equity in the city affects the image. Formation of brand equity and loyalty of the quality of the image of the city transportation/facilities, culture, showed a significant effect on the environment. Secondly, benefit for the formation of brand equity influences. The formation of brand equity, quality and loyalty of the pursuit of utilitarian benefits, showed a significant effect on the functional. Thirdly, formation of brand equity, this event affects satisfaction. The formation of brand equity, quality, satisfaction and loyalty of the event showed a significant effect on satisfaction. Fourthly, city Benefit affect the image. Transportation of the city image / facilities, cultural and environmental benefits of the pursuit of utilitarian, functional, showed a significant influence on. Fifthly, City to meet the event affects the image. Transportation of the city image / Facilities, culture, environment, meet the satisfaction of the event showed a significant effect.