News Details
F1 suffers 84% revenue drop in Q1 due to pandemic!
The Formula One Group's revenue in the first quarter of 2020 predictably suffered a huge drop on the back of the coronavirus pandemic. Liberty Media revealed on Thursday the sport's numbers for the January/March period, which saw F1's revenue plummet 84% from $246 million in 2019 to a meager $39 million that were generated in the first three months of the year. The sport's disrupted season which has so far led to the cancellation or postponement of ten rounds of the F1 world championship has wreaked havoc on race fees, broadcast contracts and sponsorship revenue. Midfield teams' chances of winning boosted by new prize fund - Brawn Revenue from the three segments fell 93% from $198 million...
Full Story »
Full Story »
You May Also Be Interested In...
Formula 1 sees huge drop of 84 percent in revenue due...
The coronavirus strikes like a bomb in many sectors and that also applies...
5y ago from GPBlog.com
Formula 1 reports huge income drop in Q1
The true effect of the global health crisis on Formula 1 is beginning to...
5y ago from PlanetF1.com
Formula 1 hit by $200m loss of revenue
Liberty Media have revealed that Formula 1 lost over $200 million of...
5y ago from GPFans.com
F1 revenue loss hitting Ferrari in the “harshest...
Ferrari CEO Louis Camilleri says Formula 1’s “drastic” loss of...
5y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu aims to challenge Fabio Quartararo...
No description available...
13h ago from Motorsport.com
Johann Zarco criticises MotoGP radio system: “It’s...
No description available...
1d ago from Motorsport.com
Jorge Martin reveals what’s ‘really difficult’...
Jorge Martin admits it was “really difficult” to make changes aboard...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
10h ago from MotorsportWeek.c...
Mick Schumacher hails IndyCar racing as "the way...
No description available...
9h ago from Motorsport.com
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
1d ago from MotorsportWeek.c...
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
How the much-missed Richard Burns scaled the WRC...
No description available...
18h ago from Motorsport.com
On this day in 1995, Colin McRae became the UK’s...
No description available...
3d ago from Motorsport.com
Why Lancia is returning to WRC in Rally2 and what it...
No description available...
6d ago from Motorsport.com
How Adrien Fourmaux’s WRC Japan exit proves mental...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Man United approach 28-year-old Liverpool &...
Liverpool, Manchester United and Chelsea are interested in signing Zeki...
5h ago from CaughtOffside.com
Arsenal preparing 60 million proposal for Liverpool...
Arsenal are hoping to improve the attacking unit with the signing of...
5h ago from CaughtOffside.com
Arsenal vying with Chelsea for Premier League ace...
Arsenal and Chelsea are interested in signing the Nottingham Forest...
8h ago from CaughtOffside.com
Report: Arsenal to compete with Real Madrid for 20...
Arsenal are interested in signing the Elche midfielder Rodrigo Mendoza. ...
5h ago from CaughtOffside.com
Comments
Hottest News
Charles Leclerc’s team ‘in contact’ with F1 rivals...
Charles Leclerc's manager has reportedly been in... Read More »
8h ago from GPFans.com
Expert Strategies to Maximize Your Crypto Casino Wins
Crypto casinos have changed how players approach... Read More »
1h ago from GrandPrix247.com
Max Verstappen ‘knew’ about McLaren disqualification...
Max Verstappen 'knew' that both McLaren drivers... Read More »
6h ago from GPFans.com
