News Details
Ferrari’s 2020 F1 loss ‘in the high tens of millions’
Ferrari’s CEO Louis Camilleri says its loss of revenue from Formula 1’s delayed and abbreviated 2020 season will be “in the high tens of millions” as it released its Q2 earnings. Ferrari’s net revenue for the Q2 period in 2020, encompassing April through June, was 571m, down from 984m on the same spell 12 months ago. Of that its ‘Sponsorship, Commercial and Brand revenues’, in which its Formula 1 activities are counted – as well as museum and in-store traffic – were down to 83m from a 2019 figure of 131m. Formula 1 teams are set to receive less prize money this year on account of fewer grands prix taking place and Camilleri put a loose figure on the expected hit....
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Marko: If Pink Mercedes is approved, we can do the...
AlphaTauri could follow in the footsteps of Racing Point by producing a...
5y ago from GrandPrix247.com
"Confirmation Vettel's transfer to Racing Point...
One week it seems to be possible, the next week it's not. Is there room...
5y ago from GPBlog.com
Stroll takes charge in FP2 as Albon suffers high-speed...
Racing Point's Lance Stroll topped Friday's second practice session for...
5y ago from F1i.com
Hamilton eyes F1 stay through at least 2023
World Champion Lewis Hamilton says he wants to remain in Formula 1...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: ‘I could have fought Marc Marquez till...
No description available...
13h ago from Motorsport.com
Marc Marquez set to return on a motorcycle after long...
No description available...
19h ago from Motorsport.com
Why MotoGP hails 2025 season as a...
MotoGP promoter Dorna Sports has described the conclusion of the 2025...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1d ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
2d ago from Motorsport.com
FOX Sports, IndyCar reveal broadcast schedule for 2026...
No description available...
3d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
1d ago from MotorsportWeek.c...
Romet Jürgenson to compete in opening three WRC2...
The rising Estonian talent is joined by co-driver Siim Oja and start...
1d ago from MotorsportWeek.c...
Toyota brings Corolla back to rallying with all-new...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Chelsea plan to steal ‘pretty special' playmaker...
Chelsea are interested in signing the Genk midfielder Konstantinos...
8h ago from CaughtOffside.com
'That's true, yes': Transfer expert confirms Arsenal...
Arsenal are reportedly interested in signing the Borussia Dortmund...
16h ago from CaughtOffside.com
'What a massive player he is for us' - Mikel Arteta...
Arsenal manager Mikel Arteta was full of praise for Declan Rice after...
15h ago from SportsKeeda.com
Everton 0-1 Arsenal: Gyokeres penalty sends Gunners...
Match report – Player ratings – Arteta reaction – Video...
18h ago from Arseblog.com
Comments
Hottest News
Red Bull CEO tells all on Christian Horner in rare interview
The CEO of the wider Red Bull GmbH brand Oliver... Read More »
7h ago from GPFans.com
Sebastian Vettel reveals what terrifies him about Max...
F1 legend Sebastian Vettel has revealed the... Read More »
7h ago from GPFans.com
Disneyland Grand Prix? F1 chief unveils masterplan
F1's Deputy Director of Race Operations has... Read More »
5h ago from GPFans.com
