News Details
Formula 1 has 'advanced money' to certain teams - Maffei
Liberty Media CEO Greg Maffei says that Formula 1 has extended cash advances to several teams to help them deal with the sport's current economic downturn. Formula 1's disrupted season, a direct effect of the global coronavirus pandemic, has put significant financial stress on several outfits which are facing the prospect of a massive collapse in revenue in 2021. Teams rely on sponsorship revenue and income from FOM's prize fund, but both sources threaten to run dry depending on the number of races that shall take place this year. Liberty boss admits closed door events pose 'economic' challenge to F1 "We're not encouraging using our cash in an unwise fashion, but we're trying to...
Full Story »
Full Story »
You May Also Be Interested In...
F1 teams donate items for Covid-19 auction
Fighting the coronavirus requires money, a lot of money. In the past...
5y ago from GPBlog.com
F1 items up for charity auction
Fighting the coronavirus requires money, a lot of money. In the past...
5y ago from GPBlog.com
F1's owner has ‘scenario for zero races', some...
Liberty Media’s President says the corporation has “scenarios for...
5y ago from MotorsportWeek.com
Liberty Media komt in actie: 1,4 miljard dollar...
Liberty Media has confirmed Thursday that it will lend a helping hand to...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Fermin Aldeguer to miss MotoGP season opener in...
Gresini Ducati has confirmed Fermin Aldeguer will miss the opening round...
1h ago from MotorsportWeek.c...
Marco Bezzecchi satisfied with ‘smaller’...
Marco Bezzecchi admits the Aprilia bike has slightly improved “in all...
3h ago from MotorsportWeek.c...
Fermin Aldeguer to miss Thai GP, Gresini names...
No description available...
1h ago from Motorsport.com
Jorge Martin sought Marc Marquez’s advice before...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher reveals what has surprised him the...
No description available...
21h ago from Motorsport.com
Honda quick in IndyCar Sebring test, Grosjean tests...
Nearly the entire IndyCar paddock was present at Sebring International...
22h ago from MotorsportWeek.c...
Jay Frye reflects on IndyCar run one year after...
No description available...
20h ago from Motorsport.com
IndyCar Sebring test: Marcus Armstrong leads Day 2,...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Dacia announces exit from Rally-Raid, rules out 2027...
No description available...
24m ago from Motorsport.com
Oliver Solberg keeping feet on the ground ahead of...
No description available...
2d ago from Motorsport.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
5d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Ex-Arsenal midfielder Thomas Partey charged with 2...
Former Arsenal midfielder Thomas Partey has been charged with two...
1h ago from SportsKeeda.com
Arsenal set to be without Havertz for four matches...
Kai Havertz has picked up a muscular injury and is set to miss Arsenal's...
1h ago from SkySports.com
'We don't know' – Arteta issues worrying update...
Mikel Arteta has provided a worrying update on the injury suffered by...
3h ago from CaughtOffside.com
“He’d have been better for those clubs” - Gary...
Manchester United legend Gary Neville has said that attacker Bryan Mbeumo...
3h ago from SportsKeeda.com
Comments
Hottest News
LIVE: 2026 F1 Bahrain pre-season 1st test – Day 2
Follow along with the second day of the first... Read More »
8h ago from RacingNews365.com
Mercedes forced into complete major F1 power unit change
Bad news for Mercedes over on the second day of... Read More »
5h ago from RacingNews365.com
2026 F1 Bahrain pre-season 1st test: Day 2 morning results
Check out the full morning results from the... Read More »
3h ago from RacingNews365.com
