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Liberty responds: 'Maybe do other things to help F1 teams'
Liberty Media has already paid out an advance on the prize money to some teams in Formula 1 and it may not be enough. As CEO of Liberty, Greg Maffei argues that it is quite a challenge to launch the royal class of motorsport and that all parties involved can reap the benefits. "We have scenarios for zero races, everything between 15 and 18 races, and races with no fans present and only the teams," Maffei hints at in a conversation with Wall Street analysts. So it is certainly not excluded that there will be Grands Prix without spectators, but that would also have financial consequences for Liberty Media. "Profitability is lower and maybe even gone." Read more Leclerc:...
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6y ago from GPBlog.com
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