News Details
Formula 1 second quarter revenue hit by Imola cancellation
Formula 1 suffered a slight drop in its revenue for the second quarter of 2023 due to the cancelation of the rain-hit Emilia Romagna Grand Prix at Imola back in May. The race was due to be held on May 23, but disastrous floods in the region around Imola forced F1 to cancel the event just 48 hours before the scheduled start of race weekend. The cancellation meant that only six events instead of seven were held during the April-May quarter, which resulted in a drop of revenue from $744m in 2022 to $724m, or a 3% decrease. Team payments for the period also fell from $368m to $344m, which equated to a 7% drop year-over-year. Operating income for The Formula One Group nevertheless improved in...
Full Story »
Full Story »
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
This is the 2023 Formula 1 calendar
The 2023 Formula 1 calendar originally featured 24 races, but that number...
2y ago from GPBlog.com
F1: F1's second quarter finances suffer following...
The cancellation of the Emilia Romagna due to local flooding has impacted...
2y ago from Pitpass.com
Toto Wolff makes Red Bull analogy amid budget cap...
Max Verstappen's commanding win at the Hungarian Grand Prix, triumphing...
2y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Sepang test: Marc Marquez tops Day 1 as Fabio...
No description available...
1h ago from Motorsport.com
Fabio Quartararo denies signing 2027 Honda MotoGP...
Fabio Quartararo has admitted he is in talks with Honda for a 2027 MotoGP...
34m ago from MotorsportWeek.c...
Fabio Quartararo to return home after breaking finger...
No description available...
34m ago from Motorsport.com
Toprak Razgatlioglu explains his adaptation to MotoGP...
Toprak Razgatlioglu reveals his initial thoughts on adapting to Michelin...
1h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Nolan Siegel says pressure of contract year...
No description available...
17h ago from Motorsport.com
IndyCar announces Donald Trump-backed race on National...
IndyCar has announced an inaugural race on America's National Mall,...
1d ago from MotorsportWeek.c...
Will Power: Andretti “will be the best team in the...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
5d ago from Motorsport.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Not Saliba: Real Madrid eyeing ambitous move for...
Real Madrid are once again casting a close eye over the Premier League’s...
44m ago from CaughtOffside.com
Arsenal, Man City & Chelsea to enter summer...
Sandro Tonali is once again emerging as a major talking point ahead of the...
34m ago from CaughtOffside.com
Madueke to haunt Chelsea after getting off mark at...
Noni Madueke made use of the time wisely. With around 20 minutes until...
3h ago from SkySports.com
Arsenal vs Chelsea live on Sky: Gunners waiting on...
No description available...
3h ago from SkySports.com
Comments
Hottest News
Aston Martin employee does not believe his eyes: 'This...
As an Aston Martin employee, you're naturally a... Read More »
54m ago from RacingNews365.com
Williams bank new partner to unite 'two British icons'
Williams has announced the signing of a new... Read More »
2h ago from RacingNews365.com
Why Christian Horner is a great fit for Ferrari if Fred...
As Ferrari enters yet another decisive phase of... Read More »
54m ago from GrandPrix247.com
