News Details
F1: F1's second quarter finances suffer following Imola cancellation
The cancellation of the Emilia Romagna due to local flooding has impacted the sport's financial results for the second quarter of 2023. The cancellation of the race meant that the second quarter featured only 6 races, whereas last year there were 7 races in the same period. Consequently, revenue for the second quarter was $724m, down on 2022's $744m, along with a 2% drop in primary revenue, which includes race promotion revenue, media rights fees and sponsorship fees, and a further 9% drop in other revenue, streams. Payments to the teams was $344m, down 7% on 2022's $368m, though the over profit was up from $49m in 2022 to $52m. 'Primary F1 revenue decreased in the second quarter with...
Full Story »
Full Story »
2y ago from Pitpass.com
0
You May Also Be Interested In...
Spectre of cancellation hangs over Spa GP
Jul.28 The big buzzwords in the Spa-Francorchamps paddock as the Belgian...
2y ago from OneStopStrategy.com
'It's happened again' - Red Bull suffer MORE trophy...
For the second weekend in a row, Red Bull saw a first-place trophy broken...
2y ago from GPFans.com
Alonso praises Aston Martin's ‘dream' first half...
Fernando Alonso has praised Aston Martin after concluding a 'dream' first...
2y ago from MotorsportWeek.com
Hamilton DENIES Verstappen as Red Bull suffer Belgium...
Lewis Hamilton opted to pit late in the Belgian Grand Prix to claim the...
2y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
2h ago from MotorsportWeek.c...
Aleix Espargaro to undergo surgery after vertebral...
No description available...
7h ago from Motorsport.com
Alex Marquez still involved in Ducati’s MotoGP...
No description available...
5h ago from Motorsport.com
Nicolo Bulega is not Ducati's "first choice"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Experienced engineer Mike O’Gara joins IndyCar as...
IndyCar has announced that Mike O’Gara has joined the series as Vice...
37m ago from MotorsportWeek.c...
Mike O’Gara named IndyCar’s Vice President of...
No description available...
1h ago from Motorsport.com
Christian Lundgaard: Bye week a chance to “unite”...
No description available...
17h ago from Motorsport.com
Roger Penske adds voice to discussion on US sports...
Roger Penske, owner of the NTT IndyCar Series and the Indianapolis Motor...
20h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why WRC Croatia victory was “quite special” for...
No description available...
1d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
3d ago from MotorsportWeek.c...
WRC Croatia: Driver crashes… then sits down for...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal prepared to sell 'amazing player' for...
Arsenal are prepared to sanction the departures of Gabriel Jesus and Kai...
57m ago from CaughtOffside.com
'Try and act normal for once' - Steve Nicol calls out...
Former Liverpool defender Steve Nicol has criticized Arsenal boss Mikel...
3h ago from SportsKeeda.com
Arsenal latest: Odegaard explains injury absence
No description available...
3h ago from SkySports.com
Arsenal star open to summer exit, change of agent...
Arsenal forward Gabriel Jesus could find himself at the center of transfer...
6h ago from CaughtOffside.com
Comments
Hottest News
Jos Verstappen rubbishes ex-F1 star's ‘bulls**t' Red...
Jos Verstappen has rubbished claims from former... Read More »
1h ago from MotorsportWeek.com
Charles Leclerc delivers 'no doubt' verdict over 'dangerous...
Charles Leclerc has addressed whether F1 and the... Read More »
47m ago from RacingNews365.com
How Wolff uses his racing past to shape Mercedes’ young...
In a sport where patience is often in short... Read More »
37m ago from F1i.com


























