News Details
Formula 1 has 'advanced money' to certain teams - Maffei
Liberty Media CEO Greg Maffei says that Formula 1 has extended cash advances to several teams to help them deal with the sport's current economic downturn. Formula 1's disrupted season, a direct effect of the global coronavirus pandemic, has put significant financial stress on several outfits which are facing the prospect of a massive collapse in revenue in 2021. Teams rely on sponsorship revenue and income from FOM's prize fund, but both sources threaten to run dry depending on the number of races that shall take place this year. Liberty boss admits closed door events pose 'economic' challenge to F1 "We're not encouraging using our cash in an unwise fashion, but we're trying to...
Full Story »
Full Story »
You May Also Be Interested In...
F1 teams donate items for Covid-19 auction
Fighting the coronavirus requires money, a lot of money. In the past...
5y ago from GPBlog.com
F1 items up for charity auction
Fighting the coronavirus requires money, a lot of money. In the past...
5y ago from GPBlog.com
F1's owner has ‘scenario for zero races', some...
Liberty Media’s President says the corporation has “scenarios for...
5y ago from MotorsportWeek.com
Liberty Media komt in actie: 1,4 miljard dollar...
Liberty Media has confirmed Thursday that it will lend a helping hand to...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
How Jorge Lorenzo is pushing Maverick Vinales beyond...
No description available...
8h ago from Motorsport.com
Ducati will continue racing its unbeatable 2024 engine...
No description available...
1d ago from Motorsport.com
Can Johann Zarco match factory Honda duo Joan Mir and...
No description available...
1d ago from Motorsport.com
Joan Mir: ‘Everyone cannot sleep’ because of 2027...
Joan Mir suggested that rumours about the 2027 MotoGP rider market are...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
2d ago from MotorsportWeek.c...
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
3d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar, signs with Dale...
No description available...
2d ago from Motorsport.com
Mick Schumacher reveals what has surprised him the...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
8h ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
10h ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
10h ago from Motorsport.com
WRC Sweden: Elfyn Evans heads Toyota 1-2-3-4 into...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
What Christian Norgaard was seen telling the Arsenal...
Arsenal’s medical woes took center stage during their latest outing as...
2h ago from CaughtOffside.com
One Arsenal star gets singled out for pulling the...
Arsenal forward Noni Madueke was full of praise for Eberechi Eze following...
3h ago from CaughtOffside.com
'Ruins my mood every time I watch him', 'Simply just a...
Fans reacted to the performance of striker Viktor Gyokeres in Arsenal's...
4h ago from SportsKeeda.com
Arsenal outclass and overwhelm Wigan in dominant FA...
Arsenal dispatched Wigan with ease to progress into the fifth round of the...
5h ago from SkySports.com
Comments
Hottest News
F1 engineer begins restoring Aston Martin left abandoned...
It's important for young engineers and mechanics... Read More »
1h ago from GPFans.com
Full 2026 Daytona 500 results
Check out the full results from the 2026 NASCAR... Read More »
48m ago from RacingNews365.com
Lewis Hamilton boosted as Ferrari set for massive upgrades...
Lewis Hamilton doesn't seem like he's been able... Read More »
3h ago from GPFans.com
