Ferrari CEO Louis Camilleri has confirmed that the Formula 1 team will suffer a drop in its revenues totaling 'high tens of millions' this year. Few have navigated their way through the pandemic without suffering financial loss, and Ferrari are no different with their figures making for grim reading. The company have released their Q2 results which showed a net revenue loss of 413million for the organisation on a whole, down from 984m to 517m. And the Formula 1 team has also taken a 'very sizeable hit' due to the shortened season, since prize money is determined by the number of races on the calendar. Sponsorship, commercial and brand revenues, which encompasses the Formula 1 team, dropped...
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