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Formula 1 hit by $200m loss of revenue
Liberty Media have revealed that Formula 1 lost over $200 million of revenue in the first financial quarter of 2020. The period, which ran from the start of 2020 to the end of March should have seen Formula 1 complete the Australian and Bahrain Grands Prix, but the Covid-19 pandemic saw both events cancelled or postponed. Article continues under video Greg Maffei, Liberty Media President & CEO, said, “We are operating in unprecedented times, impacting the Liberty portfolio across the globe. Our companies in the live event space have been working with players, teams, bands, fans and government authorities to operate during social distancing and safely provide unique and engaging...
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