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Why F1 has burned up £95m in losses so far this year
We all know that Liberty Media bought Formula One in January and the public can now get a piece of the action by buying shares, sold on America's Nasdaq stock market, which reflect the sport's performance. Last Wednesday, Liberty released the Formula One Group's results for the first six months of 2017 and on reading the media coverage you might have thought it was a profit-making machine. Reports claimed that in the first half of the year F1 paid off £770m ($1bn) of its debt and in the three months to the end of June it had operating income of £35m ($45m). However, analysis by Christian Sylt for Forbes has revealed that over that period the Formula One Group made a net loss of...
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