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Formula 1's financial recovery continues in Q2
Formula 1 posted more promising financial figures for the second quarter of 2021 compared to 2020, but there remains work to do. Income alone was far improved for Formula 1 from April-June, with $501m generated across a period when seven races took place, although a loss of $36m has been recorded. But at this stage in 2020, Formula 1 brought in a mere $24m with no racing action due to the global pandemic with a loss of $122m posted, representing good financial progress for the series as it continues to recover from the pandemic. A total of $308m was distributed between the 10 teams in the 2021 second quarter, one year on from when the teams received no revenue due to the Covid-enforced...
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3y ago from PlanetF1.com
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