News Details
Formula 1 second quarter revenue hit by Imola cancellation
Formula 1 suffered a slight drop in its revenue for the second quarter of 2023 due to the cancelation of the rain-hit Emilia Romagna Grand Prix at Imola back in May. The race was due to be held on May 23, but disastrous floods in the region around Imola forced F1 to cancel the event just 48 hours before the scheduled start of race weekend. The cancellation meant that only six events instead of seven were held during the April-May quarter, which resulted in a drop of revenue from $744m in 2022 to $724m, or a 3% decrease. Team payments for the period also fell from $368m to $344m, which equated to a 7% drop year-over-year. Operating income for The Formula One Group nevertheless improved in...
Full Story »
Full Story »
You May Also Be Interested In...
Spectre of cancellation hangs over Spa GP
Jul.28 The big buzzwords in the Spa-Francorchamps paddock as the Belgian...
1y ago from OneStopStrategy.com
This is the 2023 Formula 1 calendar
The 2023 Formula 1 calendar originally featured 24 races, but that number...
1y ago from GPBlog.com
F1: F1's second quarter finances suffer following...
The cancellation of the Emilia Romagna due to local flooding has impacted...
1y ago from Pitpass.com
Toto Wolff makes Red Bull analogy amid budget cap...
Max Verstappen's commanding win at the Hungarian Grand Prix, triumphing...
1y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
10h ago from Motorsport.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
2d ago from MotorsportWeek.c...
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
2d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
5d ago from Motorsport.com
Popular On IndyCarToday.com
Foggy conditions at Laguna Seca delay IndyCar’s...
The NTT IndyCar Series was set to hit the track early Saturday morning...
2h ago from MotorsportWeek.c...
Marcus Armstrong: ‘No magic potion’ that accounts...
Meyer Shank Racing is in the middle of its best IndyCar season since...
4h ago from MotorsportWeek.c...
Pato O’Ward fastest in opening practice in Laguna...
Laguna Seca was the setting for IndyCar’s first practice session on...
20h ago from MotorsportWeek.c...
Arrow McLaren set to move into new race facility in...
Arrow McLaren has officially taken ownership of what will be its new...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
1d ago from Motorsport.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Report: Rivals in advanced talks to sign 25-year-old...
Fulham are interested in signing the Arsenal attacker Reiss Nelson during...
1h ago from CaughtOffside.com
New signing profile: Viktor Gyokeres
Following months of deliberation over their preferred option, Arsenal...
41m ago from Arseblog.com
Arsenal confirm Gyokeres signing
Arsenal have confirmed the signing of Sporting striker Viktor Gyokeres.
41m ago from SkySports.com
Report: Arsenal intensify efforts to sign 25-G/A...
Arsenal are looking to complete the signing of Crystal Palace attacker...
21m ago from CaughtOffside.com
Comments
Hottest News
F1 2025 Belgian Grand Prix – Qualifying Results
Lando Norris edged out McLaren team-mate Oscar... Read More »
3h ago from MotorsportWeek.com
Christian Horner branded 'aggressive, spiky' in shock Red...
Christian Horner long held the reins at Red Bull... Read More »
1h ago from RacingNews365.com
Lewis Hamilton slams 'unacceptable' Ferrari display at...
Lewis Hamilton has slammed his F1 performance at... Read More »
2h ago from GPFans.com
