News Details
F1 posts huge losses in 2020
Article To news overview © F1 Formula 1 has posted huge losses for the year 2020, demonstrating yet again how big of an impact COVID-19 continues to have on elite sport globally. Without spectators for almost every race of the 2020 F1 season, losses totaled at $386 million, while Liberty Media's full-year financial results, published on Friday, revealed F1's income tumbled by 44 percent compared with the previous year. Overall, revenue dropped from $2022m in 2019 to $1145m last year, meaning that the total payments shared between 10 F1 teams fell from $1012m to just $711m in 2020. "Team payments decreased in the full year driven by the contraction in F1 revenue and the associated...
Full Story »
Full Story »
4y ago from RacingNews365.com
0
You May Also Be Interested In...
Alpha Tauri's Egginton focussed on recouping aero...
Alpha Tauri Technical Director Jody Egginton says the work on the 2021...
4y ago from FormulaSpy.com
Egginton: AT02 design focused on recovering aero losses
AlphaTauri technical director Jody Egginton says his engineering team...
4y ago from F1i.com
F1 posts $877m revenue drop for 2020, team payments...
Formula 1 owners Liberty Media have revealed the severity of 2020 by...
4y ago from GPFans.com
No F1 spectators ‘until summer' –...
Feb.22 Stefano Domenicali doubts spectators will be allowed to watch...
4y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo rates his 2025 MotoGP campaign 5/10
No description available...
8h ago from Motorsport.com
MotoGP exploring options to return to China after...
MotoGP series promoter Dorna is reportedly considering a return to China...
15h ago from MotorsportWeek.c...
Why KTM would be wise to prepare for a future without...
No description available...
1d ago from Motorsport.com
Jorge Lorenzo shares his ‘theory' on the cause...
Five-time MotoGP champion Jorge Lorenzo believes that multiple factors...
5d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
JHR retains Sting Ray Robb for second season
Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...
5h ago from MotorsportWeek.c...
Sting Ray Robb to continue with Juncos Racing for 2026...
No description available...
9h ago from Motorsport.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
1w ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why WRC drivers thought Rally Saudi Arabia was too...
No description available...
1d ago from Motorsport.com
Ott Tanak looking forward to break from full-time...
No description available...
2d ago from Motorsport.com
Sebastien Ogier on matching Sebastien Loeb’s record...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal vs Brentford Prediction and Betting Tips |...
Arsenal and Brentford will battle for three points in an all-London affair...
5h ago from SportsKeeda.com
Theo Walcott makes claim about Chelsea's PL title...
Former England star Theo Walcott believes Chelsea are a threat to Arsenal...
6h ago from SportsKeeda.com
Arsenal, Chelsea and Liverpool learn asking price for...
Real Madrid midfielder Eduardo Camavinga has been linked with a move away...
7h ago from CaughtOffside.com
Mikel Arteta hails ‘more reliable’ Arsenal squad...
t;li>Manager confident squad-building lessons learned He hopes Havertz...
13h ago from TheGuardian.com
Comments
Hottest News
Christian Horner's 'cunning plan' comes to life for Abu...
Sky Sports F1 have thrown back to a clip where... Read More »
6h ago from GPFans.com
If McLaren order Piastri to hand Norris the title, he's...
'Multi 21'. 'Fernando is faster, do you... Read More »
5h ago from GPFans.com
Red Bull confirm 2026 F1 line-up as Yuki Tsunoda gets new...
Check out the biggest stories from Tuesday,... Read More »
4h ago from RacingNews365.com
