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...
3y 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...
3y ago from PlanetF1.com
Formula 1 hit by $200m loss of revenue
Liberty Media have revealed that Formula 1 lost over $200 million of...
3y ago from GPFans.com
F1 revenue loss hitting Ferrari in the “harshest...
Ferrari CEO Louis Camilleri says Formula 1’s “drastic” loss of...
3y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
How MotoGP brakes work: Secrets of stopping a 220mph...
No description available...
1h ago from Motorsport.com
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
1h ago from MotorsportWeek.c...
COTA: F1 and MotoGP double-header possible but not...
No description available...
4h ago from Motorsport.com
Quartararo: Marquez's Honda exit "woke a lot of...
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
Pourchaire to make IndyCar debut in Long Beach with...
Arrow McLaren has announced that the reigning Formula 2 champion Theo...
6h ago from MotorsportWeek.c...
Pourchaire to make IndyCar debut for Arrow McLaren
No description available...
6h ago from Motorsport.com
IndyCar's new Aeroscreen makes early debut at Long...
The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...
2d ago from MotorsportWeek.c...
IndyCar rolling out new version of aeroscreen for Long...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai enacts contingency plan after WRC Kenya fuel...
No description available...
2h ago from Motorsport.com
WRC 2025 rules limbo creating “critical” situation...
No description available...
5h ago from Motorsport.com
Ireland’s bid to rejoin the WRC in 2025 halted
No description available...
2d ago from Motorsport.com
Why tough love has allowed Fourmaux to reach new WRC...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Bayern Munich shotstopper Manuel Neuer sets Champions...
No description available...
1h ago from SportsKeeda.com
Arsenal targeting massive £165m swoop for Premier...
Arsenal will look to significantly strengthen their squad ahead of the...
1h ago from CaughtOffside.com
'I do think the Gunners will find a way' - Chris...
No description available...
31m ago from SportsKeeda.com
Arsenal watching RB Leipzig forward as they ramp up...
Arsenal have reportedly targeted RB Leipzig striker Benjamin Sesko as...
21m ago from CaughtOffside.com
Comments
Hottest News
Mystery of Newey's visit to Italy now solved
Apr.18 The mystery about Adrian Newey's recent... Read More »
11h ago from OneStopStrategy.com
Marko reveals 'unbeatable' Sainz contract offer after...
Red Bull legend Helmut Marko has admitted that... Read More »
1h ago from GPFans.com
Alonso hints at F1 retirement date after historic contract
A Formula 1 legend has suggested that his current... Read More »
41m ago from GPFans.com