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 »
5y 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...
5y ago from F1i.com
Liberty makes advance payments to teams after $1.5b...
Formula 1’s commercial rights holder Liberty Media boosted the...
5y 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...
5y ago from GPBlog.com
Horner believes Liberty would rescue battling F1 teams
Christian Horner Red Bull Racing Team Principal Christian Horner believes...
5y ago from SpeedCafe.com
Elsewhere On The Network
Popular On MGPToday.com
Victoria Government rejects MotoGP requests to move...
The Victoria State Government has rejected a request from MotoGP to move...
18h ago from MotorsportWeek.c...
Australian government rejects MotoGP proposal to race...
No description available...
22h ago from Motorsport.com
Dorna Sports unveils rebrand as part of MotoGP...
Dorna Sports has announced it will be officially known as MotoGP Sports...
22h ago from MotorsportWeek.c...
Carlos Ezpeleta: 'We are in hurry to lay foundations...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
David Malukas heads the timesheets in opening IndyCar...
The NTT IndyCar Series held the first of two open test days at Phoenix...
8h ago from MotorsportWeek.c...
David Malukas paces first day of Unser IndyCar Open...
No description available...
8h ago from Motorsport.com
George Barber, founder of iconic IndyCar venue, passes...
Barber Motorsports Park has announced that founder of the iconic track...
13h ago from MotorsportWeek.c...
Dale Coyne “would like to be in the game” for...
No description available...
10h ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
2d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
2d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
‘Different but the same’: how Arsenal are keeping...
tandem with Game Day Vision, the Premier League club are improving the...
59m ago from TheGuardian.com
'We want to try and be brave' - Wolves boss sends...
Wolverhampton Wanderers head coach Rob Edwards acknowledged the quality in...
19m ago from SportsKeeda.com
'We're a family': my experience as a disabled Arsenal...
No description available...
39m ago from TheGuardian.com
Wolves away a chance to extend the lead at the top
Morning. Arsenal can go 7 points clear at the top of the Premier League...
1h ago from Arseblog.com
Comments
Hottest News
LIVE: 2026 F1 Bahrain Pre-Season 2nd Test – Day 1
Follow along with the opening day of the second... Read More »
2h ago from RacingNews365.com
Aston Martin is 'a real funeral' but F1 insider says Adrian...
All is not well at Aston Martin. Read More »
1h ago from GPFans.com
Charles Leclerc labels 2026 F1 cars as ‘not the...
Charles Leclerc says Formula 1’s all-new 2026... Read More »
29m ago from MotorsportWeek.com
