News Details

Haas came out of 2020 ‘very financially stable'

F1 team owner Gene Haas has said the new strategy for his outfit means they are 'very financially stable'. The global pandemic caused the 2020 Formula 1 season to be delayed and although the FIA enforced a shutdown of the team's factories, several constructors still ran into difficulties. McLaren were forced to take loans and look to sell and lease back their Technology Centre to stabilise the company, although they were able to secure a strong budget for their Formula 1 outfit through a partial sale of the team, while the Williams family sold their team to Dorilton Capital. Formula 1 itself posted record losses for 2020. “Sometimes survival is a racing strategy, just trying to...
Full Story »
4y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Haas: Sometimes survival is a racing strategy

Article To news overview Gene Haas, the owner of the Haas F1 team,...
4y ago from RacingNews365.com

INTERVIEW: Where next for Gene Haas's Formula 1 team?

Gene Haas got into Formula 1 for one very specific reason, and that was...
4y ago from Racer.com

Haas: Mercedes dominance killed what F1 is all about

Formula 1 team owner Gene Haas did not mince his words when he declared...
4y ago from GrandPrix247.com

Haas: 2021 will be difficult but I’m optimistic...

Haas Formula 1 Team owner Gene Haas has admitted that the 2021 season is...
4y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Honda confirms Jorge Martin ‘an option’ for 2026...

Honda Team Manager Alberto Puig has reiterated its interest in signing...

Gresini reveals extent of Alex Marquez's injuries...

Gresini Racing team manager Michele Masini revealed the extent of Alex...

Popular On IndyCarToday.com

Scott Dixon bet on two stop strategy after he saw...

Scott Dixon took victory in Sunday’s IndyCar race from Mid-Ohio,...

IndyCar Mid-Ohio – Race Results

IndyCar visited Mid-Ohio over the weekend for Honda’s home event and a...

Alex Palou chooses to view costly Mid-Ohio mistake as...

Alex Palou was not the winner of Sunday’s IndyCar event from Mid-Ohio,...

Popular On TotalWRC.com

Oliver Solberg goes Rally1 – Sebastien Ogier enters...

After dominant victories in WRC2 in Rally Sweden, Portugal and most...

Popular On GunnersToday.com

Liverpool join three-way race with title rivals to...

Liverpool are reportedly interested in signing the Real Madrid attacker...
10h ago from CaughtOffside.com

Real Madrid Transfer News Roundup: Los Blancos admire...

Real Madrid are putting together final preparations ahead of their FIFA...
10h ago from SportsKeeda.com

Report: Arsenal preparing player plus cash bid to sign...

Arsenal are intensifying their pursuit of Crystal Palace playmaker...
14h ago from FreshArsenal.com

Arsenal's Madueke move explained, Eze interest and...

Arsenal are aiming to sign attacking reinforcements with Noni Madueke,...
14h ago from SkySports.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.