News Details

Richards: Formula 1 cannot afford to lose teams

Motorsport UK chairman David Richards has called on Liberty Media to stand by Formula 1 teams to ensure they don’t go bankrupt during the uncertain world invaded by COVID-19. Of particular concern is the fact that the majority of the sport's race teams have bases in the United Kingdom which is in lockdown in keeping with the international community all afflicted by the coronavirus. Mercedes, Red Bull, McLaren, Renault, Racing Point, Williams and a host of key suppliers are based in the United Kingdom. With the season in pause mode, half the season chopped at huge expense and no certainty when it will resume. Apart from the top three or four teams, F1 outfits are not flush with cash....
Full Story »
5y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

UK-based teams to shut down factories earlier...

All Formula 1 teams based in the United Kingdom will have to close their...
5y ago from GPBlog.com

Motorsport UK Chairman: Liberty should consider...

Liberty Media should consider dipping into its own pockets to support...
5y ago from GrandPrix247.com

Video: Indy legend Tony Kanaan sim racing in lockdown

Indycar legend Tony Kanaan meets Sadokist to talk about his view on sim...
5y ago from GrandPrix247.com

Tost discusses ‘scary' Italy lockdown

AlphaTauri principal Franz Tost says the situation in Italy is 'scary'...
5y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Colton Herta leaves IndyCar to pursue F1 with Cadillac...

The Cadillac F1 Team has announced that it has hired IndyCar star Colton...

IndyCar’s Toronto race shifted to new venue for 2026

IndyCar’s yearly visit north of the border to Canada will be held at a...

Popular On TotalWRC.com

Popular On GunnersToday.com

“It’s easy to criticise if you’re not on the...

Viktor Gyokeres has shared his thoughts on Freddie Ljungberg's criticism...
13h ago from SportsKeeda.com

“It just didn’t make any sense” - Craig Burley...

Former Chelsea midfielder Craig Burley has criticised Arsenal for not...
12h ago from SportsKeeda.com

Nottingham Forest secure late loan move for Zinchenko

Nottingham Forest have pulled off a late Deadline Day loan move for...
13h ago from SkySports.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.