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 »
1y 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...
1y 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...
1y ago from GPFans.com
Alonso praises Aston Martin's ‘dream' first half...
Fernando Alonso has praised Aston Martin after concluding a 'dream' first...
1y 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...
1y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Johann Zarco reveals when he ‘began to believe'...
Johann Zarco reveals he “began to believe” he could win his home...
19h ago from MotorsportWeek.c...
Toprak Razgatlioglu secures Most WorldSBK Race 1...
Toprak Razgatlioglu was a cut above the rest by securing victory in Race...
19h ago from MotorsportWeek.c...
Raul Fernandez: “I don’t race for money – I race...
No description available...
1d ago from Motorsport.com
Jorge Martin pushing for early Aprilia exit;...
No description available...
5d ago from Motorsport.com
Popular On IndyCarToday.com
Marco Andretti kicked to LCQ, Alex Palou fastest in...
No description available...
9h ago from Motorsport.com
Middle portion of Indy 500 grid set in tense first day...
Saturday’s marathon Indianapolis 500 qualifying session took place...
9h ago from MotorsportWeek.c...
Conor Daly on stressful Indy 500 qualifying: “I...
Conor Daly very nearly transferred into the Top 12 during the first day...
9h ago from MotorsportWeek.c...
Colton Herta walks away from huge airborne Indy 500...
No description available...
15h ago from Motorsport.com
Popular On TotalWRC.com
Sebastian Ogier leads in Portugal as Ott Tanak suffers...
Sébastien Ogier was a surprise overnight leader at Vodafone Rally de...
11h ago from MotorsportWeek.c...
Rally Portugal: Sebastien Ogier leads WRC field as Ott...
No description available...
12h ago from Motorsport.com
”It is not ideal” - WRC drivers speak out after...
No description available...
23h ago from Motorsport.com
Ott Tänak tops Rally Portugal after fierce Friday...
Ott Tänak claimed his 400th career stage win on the final stage of Rally...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arteta: I thought we'd be lifting PL title | Arsenal...
Mikel Arteta has revealed he envisaged Arsenal lifting the Premier League...
58m ago from SkySports.com
Asking price set: Arsenal ready to let...
Arsenal are prepared to let Jakub Kiwior leave the club at the end of the...
48m ago from CaughtOffside.com
Sources: Arsenal could get unexpected advantage if...
Real Madrid's Brazilian sensation Rodrygo is currently locked in contract...
1h ago from CaughtOffside.com
Ian Wright admits he ‘would love to have'...
Manchester United midfielder Bruno Fernandes has been linked with a move...
1h ago from CaughtOffside.com
Comments
Hottest News
Yuki Tsunoda makes F1 demand after vile racist abuse from...
The Red Bull driver was subjected to sickening... Read More »
3h ago from RacingNews365.com
Max Verstappen disbelief after 'lot of damage' crash
Max Verstappen has offered his thoughts on the... Read More »
1h ago from RacingNews365.com
Colapinto vows to give team ‘nice reward’ after...
Franco Colapinto’s long-awaited Formula 1 debut... Read More »
38m ago from F1i.com
