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
MotoGP Brazilian GP: Marco Bezzecchi leads Jorge...
No description available...
12h ago from Motorsport.com
Marco Bezzecchi and Jorge Martin dominate as Aprilia...
Marco Bezzecchi dominated the Brazilian MotoGP Grand Prix to secure...
12h ago from MotorsportWeek.c...
“Unacceptable conditions” - Alex Rins, Alex...
No description available...
11h ago from Motorsport.com
Marc Marquez: Brazil GP mistake came at corner where...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
1d ago from Motorsport.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
5d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
5d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
2d ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal 0-2 Man City: Gunners fumble the final
Match report – Player ratings – Arteta reaction – Quotes...
60m ago from Arseblog.com
Total Pep has fun but Arsenal will worry about display...
als are supposed to be close but Arsenal’s internal architecture...
1h ago from TheGuardian.com
Arsenal 0-2 Manchester City: Carabao Cup final – as...
goals from local youngster Nico O’Reilly earned City the trophy in a...
1h ago from TheGuardian.com
Guardiola and Arteta react to Manchester City's 2-0...
Guardiola called Arsenal 'the best team in Europe' after his Manchester...
1h ago from TheGuardian.com
Comments
Hottest News
Verstappen finds '10/10 fun' amid F1 frustration
Mar.23 Max Verstappen says his weekend at the... Read More »
29m ago from OneStopStrategy.com
Stella admits '50-50′ problem as McLaren struggles
Mar.23 McLaren's difficult start to the 2026... Read More »
29m ago from OneStopStrategy.com
F1 News Today: Max Verstappen ‘unhappy’ as Nurburgring...
Concerns have been raised over the role that Max... Read More »
49m ago from GPFans.com
