Formula 1 could race at circuits not on the current calendar as it seeks to rev up a 2020 season stalled by the COVID-19 pandemic and against a backdrop of plunging revenues. The Liberty Media-owned sport reported first quarter revenues of $39 million on Thursday, compared to $246 million in the same period last year, with no races scheduled for Q2 either. The sport recently received a net cash payment of $1.4 billion, however, in an asset switch with Liberty’s Sirius XM to boost liquidity. Chief executive and chairman Chase Carey told analysts on a conference call that he was increasingly confident there would be a 2020 season, with plans to get going in Austria at the beginning of...
Full Story »