News Details
Ferrari taking "a big hit" to revenue without Formula 1
Ferrari CEO Louis Camilleri has confirmed that without Formula 1 the company is taking "a big hit" to its finances. Addressing Ferrari's Q1 financial results for 2020 in a conference call with investors, Camilleri reported a 30% drop (39million) in commercial, sponsor and brand revenue compared to the same period a year ago. Article continues under video Racing is currently under lockdown, with the first 10 grands prix either cancelled or postponed, and although hopes are rising for a July start in Austria, the reduced income from F1 will have a major impact. Revenues will be reduced, both from a prize-money perspective if there are 15 to 18 races as planned, and from...
Full Story »
Full Story »
6y ago from GPFans.com
0
You May Also Be Interested In...
Camilleri: No Formula 1 a ‘big hit' to Ferrari's...
Formula 1's coronavirus-induced hiatus has almost completely wiped-out...
6y ago from GrandPrix247.com
Lost F1 income a ‘big hit', says Ferrari, as...
Ferrari’s CEO Louis Camilleri says the lack of Formula 1 action in 2020...
6y ago from MotorsportWeek.com
McLaren boss warns big teams risk putting F1 out of...
McLaren Racing CEO Zak Brown says the big teams are risking the entire...
6y ago from Crash.net
Could F1 survive and thrive without Ferrari?
Ferrari is undoubtedly one of Formula 1's biggest names and...
6y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta does not believe a MotoGP riders'...
No description available...
1h ago from Motorsport.com
Alex Marquez suffers fractures in frightening Catalan...
No description available...
1d ago from Motorsport.com
Pedro Acosta fastest as rain curtails Barcelona MotoGP...
No description available...
2h ago from Motorsport.com
Jorge Martin suffers another crash in Barcelona test,...
No description available...
7h ago from Motorsport.com
Popular On IndyCarToday.com
Alexander Rossi points to ‘limitless’ potential at...
Alexander Rossi earned his best career grid position for the Indianapolis...
3h ago from MotorsportWeek.c...
Indianapolis 500 – Qualifying results
Late Sunday afternoon, the starting order for the 110th Indianapolis 500...
18h ago from MotorsportWeek.c...
Dejected Felix Rosenqvist: “A little bit of déjà...
No description available...
4h ago from Motorsport.com
Two drivers disqualified following Indy 500 qualifying
Following Sunday’s qualifying for the Indianapolis 500, two cars failed...
15h ago from MotorsportWeek.c...
Popular On TotalWRC.com
The mental challenge WRC leader Elfyn Evans faces at...
No description available...
5h ago from Motorsport.com
Why returning to the WRC podium was so important for...
No description available...
5d ago from Motorsport.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal fans give team bus big welcome ahead of...
Arsenal fans gave the team bus a big welcome ahead of their match against...
12m ago from SkySports.com
Who are the Big-Name Free Agents Expected to Sign For...
The 2025/26 season is barrelling toward its conclusion, and when the...
5h ago from CaughtOffside.com
'He's an absolute Arsenal player' - Lee Dixon delivers...
Arsenal legend Lee Dixon has made his feelings clear about Manchester...
11h ago from SportsKeeda.com
Insider confirms Arsenal have already laid groundwork...
Arsenal are reportedly making a serious move to sign Leicester City...
12h ago from CaughtOffside.com
Comments
Hottest News
Dacia promoted in official Nurburgring 24 Hours results...
After Max Verstappen, it was the second biggest... Read More »
1h ago from GPFans.com
Valtteri Bottas delivers Cadillac declaration as F1...
The Finn has returned to F1 with Cadillac - but... Read More »
52m ago from RacingNews365.com
Max Verstappen team-mate hints at revenge after Nurburgring...
The Nürburgring 24 Hours ended in heartbreak for... Read More »
1h ago from RacingNews365.com
