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 »
5y 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...
5y ago from GPFans.com
Källenius: Hamilton success matched by 'inspiring...
Mercedes-Benz chief executive Ola Källenius paid tribute to Lewis...
5y 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...
5y ago from MotorsportWeek.com
Vettel: Pandemic could still disrupt 2021 calendar
Sebastian Vettel thinks the opening part of the 2021 F1 schedule could...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Senior Honda MotoGP executive exits as HRC restructure...
No description available...
5h ago from Motorsport.com
All the records Marc Marquez can break in MotoGP 2026
No description available...
7h ago from Motorsport.com
MotoGP to set minimum salary for riders from 2027
No description available...
1d ago from Motorsport.com
Honda stuck at "similar potential" to 2025...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
PREMA confirmed to miss opening IndyCar round
PREMA will not be present for this weekend’s season-opening round of...
1h ago from MotorsportWeek.c...
Ticket design for 110th Indianapolis 500 unveiled
The ticket design for this upcoming May’s 110th running of the...
1h ago from MotorsportWeek.c...
Marcus Ericsson going into 2026 season with “chip on...
No description available...
1h ago from Motorsport.com
Firestone introducing ENLITEN Technology for 2026...
No description available...
23h ago from Motorsport.com
Popular On TotalWRC.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
6h ago from Motorsport.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
1w ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal could renew interest in 250k-a-week 'machine',...
Leon Goretzka continues to be linked with a move away from Bayern Munich...
33m ago from CaughtOffside.com
You’re in the queue
Morning all, Andrew M is out of action today, so I’m on cover duty for...
10h ago from Arseblog.com
Sources: Man City and Arsenal lead race for English...
Jack Hinshelwood’s rise at Brighton & Hove Albion has been one of the...
10h ago from CaughtOffside.com
Martin Odegaard warned his place in starting XI no...
Arsenal’s emphatic 4-1 victory over Tottenham has not only reignited...
11h ago from CaughtOffside.com
Comments
Hottest News
Christian Horner aims final gibe at Toto Wolff to end...
Christian Horner couldn't resist one final dig at... Read More »
53m ago from RacingNews365.com
Häkkinen marvels at Piastri but McLaren can have only one...
Two-time F1 world champion Mika Häkkinen has... Read More »
53m ago from F1i.com
Is Honda really at fault? Adrian Newey could be the real...
The past week has been an unwelcome throwback to... Read More »
7h ago from GPFans.com
