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
Marco Bezzecchi “can’t be completely happy”...
No description available...
2h ago from Motorsport.com
Pedro Acosta: Pecco Bagnaia “a super gentleman”...
No description available...
4h ago from Motorsport.com
Ducati reveals the “simple” change introduced to...
No description available...
4h ago from Motorsport.com
Rubbing elbows at 200 mph: See the dramatic dogfight...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
5d ago from MotorsportWeek.c...
AJ Foyt Racing fined $25K, lose championship points...
No description available...
5d ago from Motorsport.com
Detroit GP expected to remain downtown amid potential...
Following the conclusion of the Detroit Grand Prix, organizers have...
3d ago from MotorsportWeek.c...
Louis Foster reveals likely cause of scary 180MPH...
On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Sebastien Ogier stays aloof from WRC title fight...
No description available...
5h ago from Motorsport.com
Redemption for Ogier
One year on from losing victory on the final stage of Rally Italia...
5h ago from MotorsportWeek.c...
Sebastien Ogier takes record-breaking WRC Sardinia...
No description available...
8h ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Manchester United and Arsenal handed boost as striker...
Manchester United and Arsenal have received a boost in their pursuit of...
2h ago from SportsKeeda.com
Martin Zubimendi considering snubbing move to Arsenal...
Real Sociedad star Martin Zubimendi is considering rejecting Arsenal in...
6h ago from SportsKeeda.com
Xabi Alonso to inform Real Madrid veteran that he's no...
Real Madrid manager Xabi Alonso is all set to inform David Alaba that he...
6h ago from SportsKeeda.com
Real Madrid pull plug on potential move for...
Real Madrid have ended their pursuit of VfB Stuttgart midfielder Angelo...
7h ago from SportsKeeda.com
Comments
Hottest News
Horner rumour mill spins again – and it’s not Ferrari
In the wild, unpredictable world of Formula 1,... Read More »
2h ago from F1i.com
Daniel Ricciardo backed for F1 return as Lewis Hamilton...
Catch up on the biggest F1 news stories of the... Read More »
58m ago from RacingNews365.com
Long-standing F1 curse makes Cadillac seat a poisoned...
Cadillac's F1 team are probably going to... Read More »
59m ago from GPFans.com
