News Details
F1 posts huge losses in 2020
Article To news overview © F1 Formula 1 has posted huge losses for the year 2020, demonstrating yet again how big of an impact COVID-19 continues to have on elite sport globally. Without spectators for almost every race of the 2020 F1 season, losses totaled at $386 million, while Liberty Media's full-year financial results, published on Friday, revealed F1's income tumbled by 44 percent compared with the previous year. Overall, revenue dropped from $2022m in 2019 to $1145m last year, meaning that the total payments shared between 10 F1 teams fell from $1012m to just $711m in 2020. "Team payments decreased in the full year driven by the contraction in F1 revenue and the associated...
Full Story »
Full Story »
3y ago from RacingNews365.com
0
You May Also Be Interested In...
Alpha Tauri's Egginton focussed on recouping aero...
Alpha Tauri Technical Director Jody Egginton says the work on the 2021...
3y ago from FormulaSpy.com
Egginton: AT02 design focused on recovering aero losses
AlphaTauri technical director Jody Egginton says his engineering team...
3y ago from F1i.com
F1 posts $877m revenue drop for 2020, team payments...
Formula 1 owners Liberty Media have revealed the severity of 2020 by...
3y ago from GPFans.com
No F1 spectators ‘until summer' –...
Feb.22 Stefano Domenicali doubts spectators will be allowed to watch...
3y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
The obstacles Yamaha has to overcome to have a...
No description available...
1d ago from Motorsport.com
Ducati: COTA MotoGP podium “essential step” for...
No description available...
22h ago from Motorsport.com
Vinales: Aprilia MotoGP win has a “different...
No description available...
1d ago from Motorsport.com
Acosta: 2024 MotoGP title ‘not the priority' in...
MotoGP rookie Pedro Acosta has outlined that fighting for the 2024 title...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pourchaire to make IndyCar debut for Arrow McLaren
No description available...
15m ago from Motorsport.com
Pourchaire to make IndyCar debut in Long Beach with...
Arrow McLaren has announced that the reigning Formula 2 champion Theo...
5m ago from MotorsportWeek.c...
IndyCar's new Aeroscreen makes early debut at Long...
The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...
1d ago from MotorsportWeek.c...
IndyCar rolling out new version of aeroscreen for Long...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Ireland’s bid to rejoin the WRC in 2025 halted
No description available...
1d ago from Motorsport.com
Why tough love has allowed Fourmaux to reach new WRC...
No description available...
1d ago from Motorsport.com
Toyota to field Ogier and Rovanpera in WRC Portugal...
No description available...
2d ago from Motorsport.com
Why Craig Breen will be remembered for his "heart...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta appears to take a dig at Bayern Munich's...
No description available...
3h ago from SportsKeeda.com
Player ratings: Bayern Munich 1(3)-(2)0 Arsenal
Arsenal fell out of the Champions League at the quarter final stage after...
35m ago from FreshArsenal.com
Arsenal star's agent in direct contact with Euro...
The agent of Arsenal midfielder Jorginho is reportedly in frequent direct...
1h ago from CaughtOffside.com
'Why would you hit that with your left foot?' - Martin...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
Mystery of Newey's visit to Italy now solved
Apr.18 The mystery about Adrian Newey's recent... Read More »
5h ago from OneStopStrategy.com
New Shanghai F1 track surface raises questions among drivers
A peculiar track resurfacing at the Shanghai... Read More »
45m ago from MotorsportWeek.com
McLaren driver opens F1 'school' with stars among SHOCK...
Lando Norris has been teaching some celebrities... Read More »
1h ago from GPFans.com
