The Formula One Group has reportedly placed half of its 500 employees on leave in face of the coronavirus crisis, while chief executive Chase Carey has taken a 20 percent pay cut. The global pandemic has disrupted lives and economies around the world, with Formula 1 not immune to the crisis. Brought to a standstill, the sport has seen its three revenue streams - race fees, television rights and sponsorship fees - potentially reduced to ashes for 2021 while FOM's overhead and running costs, estimated at $381m last year, remain. Williams puts employees on temporary leave amid COVID-19 crisis F1 also has yet to disburse to the teams part of their earnings from last year which are paid out on...
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