Aug.11 Formula 1 is targeting a full and normal 22-race calendar for 2021, as the sport revealed an almost total collapse of revenue amid the corona crisis. The Financial Times reports that F1's revenues dropped to just $24 million in the last quarter - down from $620 million compared to a year ago. The staggering drop is because of the almost total collapse in broadcasting and race fees, resulting in the decimation of a 2019 profit to a $136 million loss for the quarter. Chase Carey, F1's chief executive, said Formula 1 wants to organise a full 22-race calendar in 2021 but "we don't have any better visibility than anybody else what this virus is going to look like as we go...
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