News Details
In the Pitlane: Are Liberty Media on the right track?
The pandemic has taken its toll on Liberty Media’s finances with the announcement of a loss of $104m in the third quarter of 2020. In a statement, the company blamed the pandemic and also noted its payments to teams were up from $335m in 2019 to $440m in 2020 “due to one-time fees paid to teams upon signing the new Concorde Agreement.” So, you would be forgiven for thinking this is extortionary times we live in and normal service will be resumed post-Covid, think again. The problem Liberty face is F1 is not a profitable business, sorry I will rephrase that, F1 is not a profitable business for Liberty Media. Since spending $4.6bn in 2017 to acquire the business Liberty has posted...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
Leclerc paid for costly mistakes - Binotto
Ferrari boss Mattia Binotto believes Charles Leclerc "paid for some...
4y ago from GPFans.com
Källenius: Hamilton success matched by 'inspiring...
Mercedes-Benz chief executive Ola Källenius paid tribute to Lewis...
4y ago from F1i.com
Vettel expects early part of '21 to have Covid-19...
Sebastian Vettel believes Formula 1 will continue to be affected by the...
4y ago from MotorsportWeek.com
Vettel: Pandemic could still disrupt 2021 calendar
Sebastian Vettel thinks the opening part of the 2021 F1 schedule could...
4y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marco Bezzecchi insists tyre choice was correct as he...
No description available...
15h ago from Motorsport.com
MotoGP Valencia GP: Alex Marquez dominates sprint from...
No description available...
17h ago from Motorsport.com
Honda concessions quest in jeopardy after Mir takes...
No description available...
15h ago from Motorsport.com
Alex Marquez cruises to MotoGP Sprint victory in...
Gresini rider Alex Marquez claimed a controlled Sprint race victory in...
17h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ryan Hunter-Reay joins Arrow McLaren for 2026...
No description available...
2d ago from Motorsport.com
Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500
Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
2d ago from MotorsportWeek.c...
RLL locks in Louis Foster with extended IndyCar...
Rahal Letterman Lanigan Racing has announced an extension to its contract...
3d ago from MotorsportWeek.c...
AJ Foyt Racing expands veteran support program to full...
AJ Foyt Racing has announced that its successful Homes For Our Troops...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai already working on “Plan B” for 2026 WRC...
No description available...
6d ago from Motorsport.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
5d ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
5d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Fabrizio Romano reveals Arsenal staff have received...
Arsenal staff are reportedly not overly concerned after being informed of...
17h ago from CaughtOffside.com
Sources: Arsenal 'monitoring' underrated talent who's...
Arsenal are understood to be among the clubs keeping an eye on Jurrien...
22h ago from CaughtOffside.com
Sources: Chelsea increasingly keen on ambitious move...
Chelsea are reportedly increasingly keen on Nottingham Forest central...
18h ago from CaughtOffside.com
Manchester United star Matheus Cunha responds to fan...
Manchester United star Matheus Cunha has laughed off a request from an...
22h ago from SportsKeeda.com
Comments
Hottest News
Antonelli and Russell to battle for top spot at Mercedes in...
George Russell took over as Mercedes' team leader... Read More »
44m ago from GrandPrix247.com
Villeneuve: Verstappen the biggest threat to Norris
Jacques Villeneuve said Lando Norris cannot relax... Read More »
44m ago from GrandPrix247.com
Ferrari handed damning verdict in push to recover painful...
Ferrari endured a nightmare Brazilian Grand Prix... Read More »
24m ago from RacingNews365.com
