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Vettel's Ferrari exit cost Formula 1 ‘$90m'
Confirmation that Sebastian Vettel is leaving Ferrari at the end of this season has cost Formula 1 $90 million. Bought by Liberty Media in late 2016, the company decided to float Formula 1 on the stock exchange. That left the sport vulnerable to fluctuations in the market with the shares taking a massive hit in March when the season did not begin, and falling even further in April as the hiatus and the world's financial crisis continued. But it seems that is not all that affects the ‘FWONK' share prices. Driver changes also have an impact. On Tuesday Ferrari confirmed that Vettel would be leaving the team at the end of this season after the two parties realised they no longer had a...
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6y ago from PlanetF1.com
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