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Liberty Media CEO not worried about another financial blow to Formula 1
The coronavirus and the national and international measures organised around it were not only felt on the grid and the empty stands last year, the financial blow was also huge. However, Greg Maffei, CEO of Liberty Media, believes that the financial damage suffered by his company will be limited to the 2020 season, seeing the situation largely return to normal in 2021. Liberty Media, which has owned the Formula One circus since 2016, expects to have a largely restored housekeeping book when it comes to Formula One in 2021. Maffei is quoted by Motorsport.com as saying, “We expect a fairly normal broadcast revenue stream in light of our 23 races.” Read more Tost: 'I am convinced...
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3y ago from GPBlog.com
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