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F1 runs huge loss in third quarter
The financial situation of Formula 1 in the period June to September is had been made public. There has been a loss of around $104 million, Motorsport.com reports. The loss is largely attributed to the mandatory coronavirus related adjustments, which meant that many races had to be held without an audience. Also, with many media channels, the price for broadcasting the races was reconsidered. Read more Carey: 'We will publish the provisional calendar in the coming weeks' This financial blow has fallen despite the fact that out of the seventeen planned races, ten were held. Last year in the same period, a profit of around $32 million was made. The financial results for the...
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4y ago from GPBlog.com
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