News Details

Richards: Formula 1 cannot afford to lose teams

Motorsport UK chairman David Richards has called on Liberty Media to stand by Formula 1 teams to ensure they don’t go bankrupt during the uncertain world invaded by COVID-19. Of particular concern is the fact that the majority of the sport's race teams have bases in the United Kingdom which is in lockdown in keeping with the international community all afflicted by the coronavirus. Mercedes, Red Bull, McLaren, Renault, Racing Point, Williams and a host of key suppliers are based in the United Kingdom. With the season in pause mode, half the season chopped at huge expense and no certainty when it will resume. Apart from the top three or four teams, F1 outfits are not flush with cash....
Full Story »
5y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

UK-based teams to shut down factories earlier...

All Formula 1 teams based in the United Kingdom will have to close their...
5y ago from GPBlog.com

Motorsport UK Chairman: Liberty should consider...

Liberty Media should consider dipping into its own pockets to support...
5y ago from GrandPrix247.com

Video: Indy legend Tony Kanaan sim racing in lockdown

Indycar legend Tony Kanaan meets Sadokist to talk about his view on sim...
5y ago from GrandPrix247.com

Tost discusses ‘scary' Italy lockdown

AlphaTauri principal Franz Tost says the situation in Italy is 'scary'...
5y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500

Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...

RLL locks in Louis Foster with extended IndyCar...

Rahal Letterman Lanigan Racing has announced an extension to its contract...

Popular On TotalWRC.com

Popular On GunnersToday.com

Brazil issue fresh injury update on Gabriel Magalhaes...

The Brazil national team has issued a statement with regards to the injury...
4h ago from SportsKeeda.com

Interlull ‘On This Day'

Morning, it's very Interlully, so let's do a bit of ‘On this day' to...
7h ago from Arseblog.com

Arsenal officials in Spain to watch LaLiga winger with...

Representatives from Premier League side Arsenal have reportedly travelled...
3h ago from SportsKeeda.com

Arsenal told what they need to do if they want to sign...

Antoine Semenyo is one of the most sought-after players going into the...
18h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.