News Details
F1 posts $104m quarterly loss as COVID weighs on results
The Formula One Group posted a $104 million loss for its third quarter of 2020 as results were impacted once again by the global coronavirus pandemic. F1's disrupted season got underway in July at the start of its fiscal Q3, with ten races unfolding during the three-month period. But closed gates at all events, with the exception of the Russian GP where a limited number of fans were in attendance implied, and special deals agreed with promoters to facilitate events in Europe led to a drop in revenue of $36m for Q3 relative to the same period in 2019. However, the additional number of events that took place between the start of July and the end of September generated an increase in...
Full Story »
Full Story »
You May Also Be Interested In...
Ferrari profits up despite drop in revenue amid
Luxury sportscar maker and legendary Formula 1 racing team Ferrari on...
4y ago from GrandPrix247.com
Could Hamilton really walk away from F1?
Speaking on Sunday evening after winning the Emilia Romagna Grand Prix,...
4y ago from espnF1.com
Will Hamilton really walk away from F1?
Speaking on Sunday evening after winning the Emilia Romagna Grand Prix,...
4y ago from espnF1.com
Stick with Albon, twist with Perez? Weighing up Red...
For the past two years, the Red Bull drive alongside Max Verstappen has...
4y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
How far has Francesco Bagnaia fallen behind compared...
No description available...
1h ago from Motorsport.com
Marc Marquez's crash tally halves in 2025 as Ducati...
No description available...
3h ago from Motorsport.com
Franco Morbidelli renews with VR46 Racing Team for...
Franco Morbidelli has announced he will remain a satellite Ducati rider...
5h ago from MotorsportWeek.c...
VR46 Ducati retains Franco Morbidelli for 2026 MotoGP...
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
Will Power released after 17 years with Team Penske
Team Penske has parted ways with veteran IndyCar driver Will Power, the...
43m ago from MotorsportWeek.c...
Will Power and Team Penske officially part ways after...
No description available...
43m ago from Motorsport.com
Scott McLaughlin praises Kyffin Simpson after titanic...
Two Team Penske drivers finished on the podium in IndyCar’s season...
21h ago from MotorsportWeek.c...
Louis Foster narrowly secures IndyCar Rookie of the...
After a season-long battle with two other rookies in the NTT IndyCar...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
1d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Piero Hincapie reveals what Granit Xhaka told him...
New Arsenal signing Piero Hincapie has admitted he spoke to former Gunner...
33m ago from SportsKeeda.com
8 signings, 11 outgoings: All the details from...
It has been a frantic summer at Arsenal as Andrea Berta has made his mark...
3h ago from FreshArsenal.com
Mikel Arteta’s Arsenal stuck in gear as Arne...
day’s match was defined by a brilliant free-kick, but the way it came...
3h ago from TheGuardian.com
Transfer deadline day: Premier League club-by-club...
No description available...
3h ago from TheGuardian.com
Comments
Hottest News
McLaren Racing valued at $4 billion as Gulf shareholders...
McLaren Racing is set to come under full... Read More »
53m ago from F1i.com
Staggering Newey admission emerges over Verstappen to Aston...
Adrian Newey has discussed Max Verstappen’s... Read More »
3h ago from GPFans.com
Verstappen issues perfect response to Hadjar Red Bull...
Max Verstappen delivered the perfect response to... Read More »
5h ago from GPFans.com
