Ferrari has revealed it will take a financial hit "in the high tens of millions" on its Formula 1 operations this year. The impact of Covid-19 and a significantly reduced F1 calendar, given the prize money payments to the teams from F1 are directly linked to the number of races, means the Scuderia faces "a very sizeable hit", according to CEO Louis Camilleri. Article continues under video In announcing its Q2 results, the company as a whole suffered a net revenue loss of 413million, down from 984m to 517m. In terms of the sponsorship, commercial and brand revenues, within which the F1 team is included, and incorporates sponsorship agreements, commercial revenues, as...
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