News Details
Formula One Group revenue plummets as pandemic impact revealed
Liberty Media has revealed the substantial financial losses suffered
by the Formula One Group owing to the ongoing coronavirus pandemic. On Thursday the corporation revealed its results for Q1
(which covers the months of January, February and March) of its various brands,
which includes the Formula One Group. Revenue crashed from $246m in the same period last year to
just $39m in 2020, a reduction of 84 per cent. Events were due to take place in Australia and Bahrain
during that period but no race fees or broadcast fees have been recognised for
Q1 2020. Primary revenue, which covers race fees, broadcasting
income, advertising, and sponsorship, fell by $198m to $13m. Related Posts...
Full Story »
Full Story »
4y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Camilleri: No Formula 1 a ‘big hit' to Ferrari's...
Formula 1's coronavirus-induced hiatus has almost completely wiped-out...
4y ago from GrandPrix247.com
Horner: 'Renault team members were in Red Bull's...
Since the mandatory closure of the Formula 1 factories, the teams that...
4y ago from GPBlog.com
Safety in F1: The impact of Imola '94
In the weekend of exactly 26 years ago several dramatic crashes took...
4y ago from GPBlog.com
FIA: Different series' must not get involved in...
Motor racing’s world governing body has warned its various...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Bastianini defends controversial Misano winning move...
No description available...
17h ago from Motorsport.com
Martin: Bastianini’s Misano move “bit too much”,...
No description available...
18h ago from Motorsport.com
Enea Bastianini wins controversial Misano MotoGP race...
Enea Bastianini earned Ducati their 100th MotoGP win after a...
20h ago from MotorsportWeek.c...
Marquez: Double Misano win will be a long shot despite...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
FBI descend on Rahal Letterman Lanigan Racing base
According to multiple reports, the Federal Bureau of Investigation (FBI)...
2d ago from MotorsportWeek.c...
Rahal Letterman Lanigan investigated by the FBI: What...
No description available...
3d ago from Motorsport.com
Felipe Drugovich granted IndyCar test with Chip...
2022 FIA Formula 2 World Champion Felipe Drugovich has landed an NTT...
1d ago from MotorsportWeek.c...
2022 F2 champ Drugovich testing with Ganassi later...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Inside the WRC’s search for its next Michele Mouton
No description available...
2d ago from Motorsport.com
WRC selects women’s driver development programme...
No description available...
4d ago from Motorsport.com
No pressure on Pajari after surprise Toyota Rally1...
No description available...
6d ago from Motorsport.com
Latvala: Toyota needs three full-time WRC drivers in...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Kai Havertz and Jurrien Timber set forgettable record...
No description available...
1h ago from SportsKeeda.com
“The two best teams in the country” - Gary Neville...
No description available...
3h ago from SportsKeeda.com
“I am so annoyed”, “This lapse in concentration...
No description available...
1h ago from SportsKeeda.com
“They don’t want Arsenal to win the league” -...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
FIA confirm Verstappen and Norris legal inspection after...
The two main championship protagonists have been... Read More »
1h ago from GPFans.com
F1 Singapore Grand Prix 2024 results: Final classification...
Lando Norris has chipped away at Max Verstappen's... Read More »
1h ago from GPFans.com
Brown questioning RB's fastest lap move with Ricciardo at...
McLaren Racing CEO Zak Brown says he will ask... Read More »
14h ago from Racer.com
