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'Formula 1 gets negative rating, but can recover after the crisis'

The coronavirus affects not only the health of people, but also that of companies. Because the entertainment industry is completely at its mercy, Formula 1 is also experiencing the financial consequences of this. Credit rating agency Moody's has therefore adjusted FOM's rating. Due to the postponement and cancellation of Grands Prix, there is currently no money coming into the management of Formula 1. Moody's has therefore adjusted the financial future prospects of the sport from 'positive' to 'negative'. Read more Russell hopes one day to be able to compete: 'I have a link with Mercedes' This crisis is going to cost the sport money, which should come as no surprise. However, the reviewer...
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5mo ago from GPBlog.com 0
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