News Details
F1 runs huge loss in third quarter
The financial situation of Formula 1 in the period June to September is had been made public. There has been a loss of around $104 million, Motorsport.com reports. The loss is largely attributed to the mandatory coronavirus related adjustments, which meant that many races had to be held without an audience. Also, with many media channels, the price for broadcasting the races was reconsidered. Read more Carey: 'We will publish the provisional calendar in the coming weeks' This financial blow has fallen despite the fact that out of the seventeen planned races, ten were held. Last year in the same period, a profit of around $32 million was made. The financial results for the...
Full Story »
Full Story »
4y ago from GPBlog.com
0
You May Also Be Interested In...
F1 posts $104m quarterly loss as COVID weighs on...
The Formula One Group posted a $104 million loss for its third quarter of...
4y ago from F1i.com
Ferrari profits up despite drop in revenue amid
Luxury sportscar maker and legendary Formula 1 racing team Ferrari on...
4y ago from GrandPrix247.com
Formula 1 posts $104m loss for Q3, but income starts...
Formula 1 has reported a $104 million loss for the third quarter (July to...
4y ago from MotorsportWeek.com
F1 Teams Agree $30 Million Driver Salary Cap
On Monday, all F1 team bosses met virtually at the F1 Commission to vote...
4y ago from Formula1News.co.uk
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...
15h ago from MotorsportWeek.c...
Marquez feared his "time was over" in final...
No description available...
16h ago from Motorsport.com
How Martin can clinch the 2024 MotoGP title in the...
No description available...
17h ago from Motorsport.com
2024 MotoGP Barcelona Grand Prix – How to watch,...
No description available...
22h 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 handed injury boost as 2 key injured players...
No description available...
6h ago from SportsKeeda.com
Arsenal looking to tie down key player to new...
No description available...
8h ago from SportsKeeda.com
Liverpool, Arne Slot Premier League favourites: Title...
Sports Mole examines the Premier League title race after Liverpool took a...
8h ago from SportsMole.co.uk
New injury: key Arsenal starter has knee procedure...
Arsenal have been handed a fresh injury blow as Ben White has undergone a...
12h ago from CaughtOffside.com
Comments
Hottest News
Ricciardo and Verstappen REUNITED as F1 team boss seeks...
Axed Formula 1 driver Daniel Ricciardo has once... Read More »
5h ago from GPFans.com
F1 team boss 'wants' SHOCK driver switch before 2025 season
A Formula 1 team boss 'wants' to axe a recent... Read More »
19h ago from GPFans.com
F1 superstar in EMBARRASSING driving 'test' gaffe
A Formula 1 star has suffered embarrassment after... Read More »
6h ago from GPFans.com
