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 »
4y 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...
4y ago from F1i.com
Liberty makes advance payments to teams after $1.5b...
Formula 1’s commercial rights holder Liberty Media boosted the...
4y 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...
4y 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
MotoGP to “simplify” startline rules to avoid...
No description available...
2h ago from Motorsport.com
Why Pedro Acosta looks set for a future beyond KTM
No description available...
18h ago from Motorsport.com
LCR boss reveals Honda is ‘more determined than...
LCR team owner Lucio Cecchinello has revealed that Honda is "more...
1d ago from MotorsportWeek.c...
Francesco Bagnaia explains ‘weak point' that...
Factory Ducati rider Francesco Bagania explained his "weak...
1w ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Scott Dixon leads Day 1 of Indy 500 open test at 225mph
No description available...
9h ago from Motorsport.com
Scott Dixon fastest as technical issues delay first...
34 drivers arrived at the Indianapolis Motor Speedway on Wednesday eager...
11h ago from MotorsportWeek.c...
Three rookies, five returning drivers successfully...
The NTT IndyCar Series held the beginning of a two-day open test session...
13h ago from MotorsportWeek.c...
What is IndyCar's Rookie Orientation Program, and how...
No description available...
21h ago from Motorsport.com
Popular On TotalWRC.com
M-Sport chief Malcolm Wilson nominated as FIA deputy...
Malcolm Wilson, OBE, and founder of title-winning WRC outfit M-Sport, has...
1d ago from MotorsportWeek.c...
Malcolm Wilson nominated as new FIA deputy...
No description available...
1d ago from Motorsport.com
FIA swearing standoff cools as stage-end interviews...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
0 shots, 0 dribbles – Arsenal ace confirms...
Arsenal winger Raheem Sterling was really poor again last night as he...
53m ago from CaughtOffside.com
Arsenal contact Real Madrid over signing 3 players;...
Arsenal have contacted Real Madrid regarding the signing of three players,...
43m ago from SportsKeeda.com
'Twice now that's happened' – Martin Keown...
Arsenal legend Martin Keown has made a rather worrying observation ahead...
2h ago from CaughtOffside.com
'Many reasons' Arsenal have picked up alarming record...
Arsenal picked up their 13th draw of the season in the Premier League...
1h ago from CaughtOffside.com
Comments
Hottest News
McLaren signs big-name replacement after ending deal with...
A noticeable change is on the horizon for McLaren... Read More »
43m ago from RacingNews365.com
Insiders tip imminent retirement for Hamilton
Apr.24 A surprise contender to potentially snap... Read More »
1h ago from OneStopStrategy.com
Former FIA steward blasts 'unprofessional and...
Former FIA steward Johnny Herbert has labelled... Read More »
2h ago from GPFans.com
