News Details
Formula One Group revenue plummets as pandemic impact revealed
Liberty Media has revealed the substantial financial losses suffered
by the Formula One Group owing to the ongoing coronavirus pandemic. On Thursday the corporation revealed its results for Q1
(which covers the months of January, February and March) of its various brands,
which includes the Formula One Group. Revenue crashed from $246m in the same period last year to
just $39m in 2020, a reduction of 84 per cent. Events were due to take place in Australia and Bahrain
during that period but no race fees or broadcast fees have been recognised for
Q1 2020. Primary revenue, which covers race fees, broadcasting
income, advertising, and sponsorship, fell by $198m to $13m. Related Posts...
Full Story »
Full Story »
4y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Camilleri: No Formula 1 a ‘big hit' to Ferrari's...
Formula 1's coronavirus-induced hiatus has almost completely wiped-out...
4y ago from GrandPrix247.com
Horner: 'Renault team members were in Red Bull's...
Since the mandatory closure of the Formula 1 factories, the teams that...
4y ago from GPBlog.com
Safety in F1: The impact of Imola '94
In the weekend of exactly 26 years ago several dramatic crashes took...
4y ago from GPBlog.com
FIA: Different series' must not get involved in...
Motor racing’s world governing body has warned its various...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why Pedro Acosta looks set for a future beyond KTM
No description available...
11h 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...
Yamaha officially begins testing of V4 MotoGP engine
Yamaha technical director Max Bartolini has confirmed the MotoGP factory...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Scott Dixon leads Day 1 of Indy 500 open test at 225mph
No description available...
2h ago from Motorsport.com
Scott Dixon fastest as technical issues delay first...
34 drivers arrived at the Indianapolis Motor Speedway on Wednesday eager...
4h ago from MotorsportWeek.c...
Three rookies, five returning drivers successfully...
The NTT IndyCar Series held the beginning of a two-day open test session...
7h ago from MotorsportWeek.c...
What is IndyCar's Rookie Orientation Program, and how...
No description available...
14h 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...
17h ago from MotorsportWeek.c...
Malcolm Wilson nominated as new FIA deputy...
No description available...
18h ago from Motorsport.com
FIA swearing standoff cools as stage-end interviews...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Manchester United pushing to sign strikers wanted by...
Manchester United are pushing to sign Victor Osimhen and Matheus Cunha...
3h ago from SportsKeeda.com
'Only he looked like he wanted to play', 'The perfect...
Arsenal fans online have singled out and commended Jakub Kiwior for his...
4h ago from SportsKeeda.com
'What's this bozo gene', 'Costing us every game' -...
Arsenal fans were left disappointed by the display of star defender...
5h ago from SportsKeeda.com
Arsenal 'convinced' Mikel Arteta transfer target will...
Arsenal are reportedly confident that one of their main summer transfer...
4h ago from SportsMole.co.uk
Comments
Hottest News
Lewis Hamilton could quit Ferrari THIS YEAR says top pundit
Formula 1 legend Lewis Hamilton has been tipped... Read More »
9h ago from GPFans.com
Newey, Stroll relationship already tense – Doornbos
Apr.23 Tension may already be creeping into... Read More »
17h ago from OneStopStrategy.com
Team boss reveals Adrian Newey doesn't come to meetings or...
Aston Martin team principal Andy Cowell has... Read More »
17h ago from GPFans.com
