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
Yamaha confirms its V4 will race at MotoGP San Marino...
No description available...
4d ago from Motorsport.com
Why Jorge Martin burst into tears at MotoGP Hungarian...
No description available...
1d ago from Motorsport.com
Marc Marquez: ‘My exceptional 2025 MotoGP season...
No description available...
2d ago from Motorsport.com
Marc Marquez: ‘Not normal to win every weekend’...
Marc Marquez admits “it’s not normal to win every weekend” despite...
4d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Santino Ferrucci: Alternate aero package needed for...
For this weekend’s IndyCar finale at Nashville Superspeedway, the...
13h ago from MotorsportWeek.c...
IndyCar's Alex Palou is not on Red Bull's F1...
No description available...
1d ago from Motorsport.com
Chip Ganassi shuts down Alex Palou and Red Bull F1...
No description available...
3d ago from Motorsport.com
IndyCar partners with iRacing for standalone video...
The NTT IndyCar Series will feature in a new branded video game title,...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Rally Paraguay leaderboard in disarray after...
No description available...
12h ago from Motorsport.com
WRC Paraguay: Adrien Fourmaux leads, Sebastien Ogier...
No description available...
18h ago from Motorsport.com
Rovanperä leads, Fourmaux stars in Paraguay
Kalle Rovanperä and Jonne Halttunen took the lead of the inaugural Rally...
13h ago from MotorsportWeek.c...
FIA promises WRC investment following commercial...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Exclusive details on complicated structure of Piero...
Piero Hincapie is set to become an Arsenal player as there's an agreement...
24m ago from CaughtOffside.com
'I worry…' – Carragher tips Arsenal for...
Liverpool legend Jamie Carragher has admitted he is worried about his old...
2h ago from CaughtOffside.com
Done deals: Arsenal set to confirm two major defensive...
Arsenal are pushing to wrap up two significant defensive deals before the...
1h ago from FreshArsenal.com
'Talks ongoing' – David Ornstein provides update...
Arsenal left-back Oleksandr Zinchenko is a transfer target for Marseille,...
2h ago from CaughtOffside.com
Comments
Hottest News
Red Bull surprise at Aston Martin u-turn: 'Someone there is...
Red Bull finds itself under threat from surprise... Read More »
4h ago from RacingNews365.com
LIVE: 2025 F1 Dutch Grand Prix - Zandvoort Free Practice 3
Follow live with all the action from Free... Read More »
1h ago from RacingNews365.com
No ‘magic button' to catch McLaren – Mekies
Aug.30 Laurent Mekies admits his sudden... Read More »
25m ago from OneStopStrategy.com
