News Details
Liberty admits 'zero races' possible in 2020
Apr.24 Liberty Media has reshuffled its finances to free up a $1.4 billion fund to rescue Formula 1 amid the corona crisis. The F1 owner is quoted by Forbes' F1 business journalist Christian Sylt as outlining how the complex transaction gives it the ability to use the money "for F1 in event of continued delay of season, including preserving health of ecosystem". Liberty CEO Greg Maffei revealed that the organisation has already "advanced prize money to certain teams". "There are cases where we may do more of that. There are other things that we might do to bridge teams that might need help," he added. Maffei said Liberty needs the teams to stay "solvent...
Full Story »
Full Story »
4y ago from OneStopStrategy.com
0
You May Also Be Interested In...
Maffei: $1.4 billion lifeline will 'preserve health of...
A reallocation of assets by Liberty Media has handed F1 a massive $1.4...
4y ago from F1i.com
Liberty makes advance payments to teams after $1.5b...
Formula 1’s commercial rights holder Liberty Media boosted the...
4y ago from GrandPrix247.com
Liberty Media komt in actie: 1,4 miljard dollar...
Liberty Media has confirmed Thursday that it will lend a helping hand to...
4y ago from GPBlog.com
Horner believes Liberty would rescue battling F1 teams
Christian Horner Red Bull Racing Team Principal Christian Horner believes...
4y ago from SpeedCafe.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin vs Francesco Bagnaia: MotoGP title...
The 2024 season finale awaits as Jorge Martin holds a 24-point lead over...
8h ago from MotorsportWeek.c...
Marquez feared his "time was over" in final...
No description available...
9h ago from Motorsport.com
How Martin can clinch the 2024 MotoGP title in the...
No description available...
10h ago from Motorsport.com
2024 MotoGP Barcelona Grand Prix – How to watch,...
No description available...
16h ago from Motorsport.com
Popular On IndyCarToday.com
AJ Foyt technical director Michael Cannon leaves team
Michael Cannon, AJ Foyt Racing’s revered engineer and technical...
1d ago from MotorsportWeek.c...
The testing parity problems plaguing the most...
No description available...
1d ago from Motorsport.com
Chip Ganassi Racing announces driver development...
Chip Ganassi Racing has launched a new driver development program, which...
5d ago from MotorsportWeek.c...
Shwartzman makes IndyCar switch with Prema for 2025
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Hyundai's 2025 WRC car will feature "reasonable...
No description available...
2d ago from Motorsport.com
What Lancia needs to do to transform its rally return...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal looking to tie down key player to new...
No description available...
2h ago from SportsKeeda.com
Liverpool, Arne Slot Premier League favourites: Title...
Sports Mole examines the Premier League title race after Liverpool took a...
2h ago from SportsMole.co.uk
Manchester United and Liverpool among clubs seeking...
No description available...
2h ago from SportsKeeda.com
Arsenal star Gabriel Martinelli names Manchester...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
F1 Commission green lights array of changes for 2025 and...
The FIA's Formula 1 Commission met in Geneva on... Read More »
50m ago from F1i.com
Fallows leaves as Aston Martin technical director
Dan Fallows is leaving his role as Aston Martin... Read More »
30m ago from espnF1.com
Pérez: I rejected 2 offers to leave Red Bull
Sergio Pérez said he rejected opportunities from... Read More »
30m ago from espnF1.com
