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All Formula 1 teams ‘on the verge' of being profitable
Toto Wolff said he thinks all 10 Formula 1 teams could be 'on the verge' of turning a profit, and hopes that will become the case soon. With expenditure in the sport decreasing and teams adjusting their structures accordingly, the Mercedes boss thinks that the whole grid could be in a position to begin making money as organisations in the near future. Wolff credits F1 CEO Stefano Domenicali and sport owners Liberty Media for their work in bringing the finances of the sport under control, and believes the business model now in place in the sport makes it a positive environment in which teams can succeed. “We are in a very good moment in time for Formula 1 because the audiences are...
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3y ago from PlanetF1.com
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