News Details
F1 posts huge losses in 2020
Article To news overview © F1 Formula 1 has posted huge losses for the year 2020, demonstrating yet again how big of an impact COVID-19 continues to have on elite sport globally. Without spectators for almost every race of the 2020 F1 season, losses totaled at $386 million, while Liberty Media's full-year financial results, published on Friday, revealed F1's income tumbled by 44 percent compared with the previous year. Overall, revenue dropped from $2022m in 2019 to $1145m last year, meaning that the total payments shared between 10 F1 teams fell from $1012m to just $711m in 2020. "Team payments decreased in the full year driven by the contraction in F1 revenue and the associated...
Full Story »
Full Story »
4y ago from RacingNews365.com
0
You May Also Be Interested In...
Alpha Tauri's Egginton focussed on recouping aero...
Alpha Tauri Technical Director Jody Egginton says the work on the 2021...
4y ago from FormulaSpy.com
Egginton: AT02 design focused on recovering aero losses
AlphaTauri technical director Jody Egginton says his engineering team...
4y ago from F1i.com
F1 posts $877m revenue drop for 2020, team payments...
Formula 1 owners Liberty Media have revealed the severity of 2020 by...
4y ago from GPFans.com
No F1 spectators ‘until summer' –...
Feb.22 Stefano Domenicali doubts spectators will be allowed to watch...
4y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta on MotoGP silly season rumours: “Those...
No description available...
9h ago from Motorsport.com
KTM and Tech3 unveil 2026 MotoGP challengers
KTM and its sister team Tech3 have officially launched its 2026...
13h ago from MotorsportWeek.c...
KTM and Tech3 unveil 2026 MotoGP bikes in joint launch
No description available...
13h ago from Motorsport.com
Why Valentino Rossi is putting pressure on Ducati over...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Ryan Briscoe to coach RLL drivers, fueling speculation...
Rahal Letterman Lanigan Racing has announced that it has brought on two...
22h ago from MotorsportWeek.c...
Wienie 500 returns for second year in build-up to Indy...
Indianapolis Motor Speedway has announced that the Oscar Meyer Wienie 500...
1d ago from MotorsportWeek.c...
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
4d ago from MotorsportWeek.c...
IndyCar penalizes Abel Motorsports for rig testing
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
4h ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1d ago from Motorsport.com
How Oliver Solberg picked up his “crazy dream”...
No description available...
2d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg dominates to claim...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal, Man United and Chelsea lock horns for...
Arsenal, Manchester United and Chelsea are keeping tabs on the Freiburg...
1h ago from CaughtOffside.com
Gabriel refusing to shake Maguire's hand sparks aggro...
Gabriel refused to shake Harry Maguire's hand which sparked aggro at full...
3h ago from SkySports.com
Arteta feeling bullish after Arsenal ‘take...
t;li>Head coach and players spoke in wake of United defeatSide is ‘in...
5h ago from TheGuardian.com
Arteta encouraged by 'beautiful' meeting with players...
Mikel Arteta has revealed he called his players for a meeting to...
5h ago from SkySports.com
Comments
Hottest News
F1: Barcelona Day 2 Recap: Ferrari
It was a productive day for us. Despite the rain,... Read More »
2h ago from Pitpass.com
2026 F1 Barcelona Pre-Season Test - Day 2 results
See the results from the second day of pre-season... Read More »
4h ago from RacingNews365.com
LIVE: 2026 F1 Barcelona Pre-Season Test - Day 2
The second day of on-track action for F1 in 2026... Read More »
14h ago from RacingNews365.com
