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 »
4y 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...
4y ago from FormulaSpy.com
Egginton: AT02 design focused on recovering aero losses
AlphaTauri technical director Jody Egginton says his engineering team...
4y 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...
4y ago from GPFans.com
No F1 spectators ‘until summer' –...
Feb.22 Stefano Domenicali doubts spectators will be allowed to watch...
4y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
Marco Bezzecchi “can’t be completely happy”...
No description available...
8h ago from Motorsport.com
Ducati reveals the “simple” change introduced to...
No description available...
10h ago from Motorsport.com
Pedro Acosta: Pecco Bagnaia “a super gentleman”...
No description available...
10h ago from Motorsport.com
Rubbing elbows at 200 mph: See the dramatic dogfight...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
AJ Foyt Racing fined $25K, lose championship points...
No description available...
6d ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
6d ago from MotorsportWeek.c...
Detroit GP expected to remain downtown amid potential...
Following the conclusion of the Detroit Grand Prix, organizers have...
3d ago from MotorsportWeek.c...
Louis Foster reveals likely cause of scary 180MPH...
On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Sebastien Ogier stays aloof from WRC title fight...
No description available...
11h ago from Motorsport.com
Redemption for Ogier
One year on from losing victory on the final stage of Rally Italia...
11h ago from MotorsportWeek.c...
Sebastien Ogier takes record-breaking WRC Sardinia...
No description available...
14h ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Manchester United and Arsenal handed boost as striker...
Manchester United and Arsenal have received a boost in their pursuit of...
8h ago from SportsKeeda.com
Martin Zubimendi considering snubbing move to Arsenal...
Real Sociedad star Martin Zubimendi is considering rejecting Arsenal in...
12h ago from SportsKeeda.com
Xabi Alonso to inform Real Madrid veteran that he's no...
Real Madrid manager Xabi Alonso is all set to inform David Alaba that he...
12h ago from SportsKeeda.com
Real Madrid pull plug on potential move for...
Real Madrid have ended their pursuit of VfB Stuttgart midfielder Angelo...
13h ago from SportsKeeda.com
Comments
Hottest News
Horner rumour mill spins again – and it’s not Ferrari
In the wild, unpredictable world of Formula 1,... Read More »
8h ago from F1i.com
F1 Recap: Max Verstappen marriage teased as champion puts...
Max Verstappen’s partner Kelly Piquet has made... Read More »
4h ago from GPFans.com
Jaw-dropping Lewis Hamilton Las Vegas GP package revealed...
Lewis Hamilton fans have been given something to... Read More »
5h ago from GPFans.com
