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
Alex Marquez hits back at ‘disrespectful’...
Alex Marquez has hit back at claims he has “too much respect” for...
5d ago from MotorsportWeek.c...
Marco Bezzecchi takes responsibility for crashing out...
Marco Bezzecchi admits he made "a bad mistake" on the first lap...
4d ago from MotorsportWeek.c...
Ducati to block Aprilia request for Jorge Martin...
Ducati boss Davide Tardozzi says the manufacturer will decline...
1d ago from MotorsportWeek.c...
Marc Marquez identifies surprise name as his main...
Marc Marquez identified a surprise name he believes is his main MotoGP...
6d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Alex Palou overruns Pato O’Ward to take IndyCar...
The NTT IndyCar Series visited The Thermal Club for the first...
3h ago from MotorsportWeek.c...
IndyCar Thermal Club – Race Results
Following last year’s $1 Million Challenge at The Thermal Club, the NTT...
3h ago from MotorsportWeek.c...
Network explains why the IndyCar race at Thermal...
No description available...
4h ago from Motorsport.com
Alex Palou pounces late at Thermal Club for...
No description available...
3h ago from Motorsport.com
Popular On TotalWRC.com
Katsuta loses fifth after dramatic final-stage Safari...
No description available...
10h ago from Motorsport.com
Evans wins brutal Safari Rally to boost WRC title bid
No description available...
12h ago from Motorsport.com
Elfyn Evans bags the big game on Safari
Elfyn Evans and Scott Martin claimed their maiden Safari Rally Kenya...
12h ago from MotorsportWeek.c...
Rovanpera out of Safari Rally Kenya with mechanical...
No description available...
18h ago from Motorsport.com
Popular On GunnersToday.com
Hugo Ekitike delivers Man United huge admission amid...
Eintracht Frankfurt forward Hugo Ekitike has sparked speculation about his...
3h ago from CaughtOffside.com
Report: Arsenal source cheaper Alexander Isak...
Arsenal are reportedly gearing up for a major move to land Viktor Gyokeres...
4h ago from CaughtOffside.com
Incoming Arsenal director Andrea Berta wants Gunners...
No description available...
5h ago from SportsKeeda.com
Fabrizio Romano provides update on Arsenal's reported...
No description available...
6h ago from SportsKeeda.com
Comments
Hottest News
Ferrari explains reasons behind double DSQ in F1 Chinese GP
Ferrari has responded to the double... Read More »
12h ago from MotorsportWeek.com
Christian Horner delivers Red Bull statement on Liam Lawson
Red Bull team principal Christian Horner has... Read More »
5h ago from GPFans.com
Vasseur on Hamilton's 'angry' radio about 'team orders': 'I...
During the Chinese Grand Prix, Lewis Hamilton and... Read More »
11h ago from GPBlog.com
