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Horner: Liberty would bail out struggling teams
Red Bull principal Christian Horner believes Formula 1's owners Liberty Media would bail out any struggling teams to protect the series. The 2020 Formula 1 season is on hold with the first nine rounds called off due to the COVID-19 pandemic, and unsurprisingly this is hurting the teams financially. In the UK Haas, McLaren, Renault, Williams and Racing Point have all taken advantage of the furlough scheme that sees the government contribute 80% of an employees wages, up to £2,500 a month. There have also been salary cuts for big earners throughout the Formula 1 grid. FIA president Jean Todt recently admitted that losing some of the smaller teams was possible due to the financial...
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6y ago from PlanetF1.com
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