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
Aprilia to run “special test” for Jorge Martin...
No description available...
9h ago from Motorsport.com
Francesco Bagnaia explains why it's ‘impossible'...
After failing to secure a podium at his Grand Prix at Mugello, Francesco...
10h ago from MotorsportWeek.c...
Watch: “Feels like yesterday” - Alex Criville...
No description available...
12h ago from Motorsport.com
Liberty Media given “unconditional” green light...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
15m ago from MotorsportWeek.c...
How a “grumpy” Alex Palou ended up thankful for...
No description available...
1d ago from Motorsport.com
Winners and Losers from IndyCar’s Road America...
No description available...
1d ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
6d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
2w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
5 replacements for Thomas Partey that Arsenal could...
The Athletic reported today that Arsenal will definitely seek a...
6h ago from FreshArsenal.com
Revealed: Jose Mourinho has spoken with Man Utd star...
Fenerbahce have made an offer to Manchester United attacking midfielder...
9h ago from CaughtOffside.com
'Heartbroken' Arsenal target has informed club of...
Transfer journalist Fabrizio Romano has provided an update on the...
11h ago from CaughtOffside.com
Arsenal to compete with Tottenham for experienced star...
Arsenal and Tottenham Hotspur are set to compete for the Brentford...
11h ago from CaughtOffside.com
Comments
Hottest News
Mercedes edge towards Max Verstappen decision after George...
George Russell has given his verdict on rumours... Read More »
2h ago from GPFans.com
Aston Martin STUNNED by Adrian Newey methods
2016 F1 world champion Nico Rosberg has suggested... Read More »
10h ago from GPFans.com
I was an F1 star and I won Le Mans six times, but I just...
Jacky Ickx is a name that belongs in the list of... Read More »
2h ago from GPFans.com
