News Details
Potential liquidity problem Liberty Media: 'More than £200 million has to go back'
Liberty Media will have to return some £200 million in entry fees now that eight Grands Prix have been cancelled. The organizers and promoters of the GP's are entitled to this now that the Formula 1 circus has not (yet) travelled to their circuit. All Grands Prix until halfway June have been cancelled at the moment and it is still uncertain if the king's class of motorsport will be able to start in Canada. Much points to the fact that Formula 1 will not be raced before Hungary (02 August). Read more Red Bull announces new driver: 22-year-old Slovak contracted Huge amounts of money The average fee for organising an F1 event last year was £22.8 million. The fee for six of the...
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4y ago from GPBlog.com
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