News Details
Carey warns F1 is not in 'the business of handouts'
Formula 1 CEO Chase Carey says the sport will engage with teams to mitigate the effects of its economic downturn but warns that it won't be "handing out candy". The coronavirus pandemic has not only disrupted F1's calendar, it has also as a result crushed the financial prospects of the teams for 2020. From race fees to sponsorship deals and broadcast right, the truncated season will have a significant impact on all revenue streams. As an indication of the extent of the downturn, F1 announced on Thursday an 84% drop in revenue for the first quarter and a $137 million hit to the sport's bottom line! In the midst of the crisis, Carey has vowed to be supportive of the teams'...
Full Story »
Full Story »
You May Also Be Interested In...
Carey confirms Austrian double-header kick-off plans
Formula 1 chief executive Chase Carey confirmed that the sport was...
5y ago from F1i.com
Carey admits 'no racing' possible in 2020
May 8 F1 CEO Chase Carey has admitted it is possible there will be...
5y ago from OneStopStrategy.com
British GP 'not a sure thing' warns Silverstone boss
Silverstone managing director Stuart Pringle has warned that the British...
5y ago from F1i.com
McLaren boss warns big teams risk putting F1 out of...
McLaren Racing CEO Zak Brown says the big teams are risking the entire...
5y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
KTM and Tech3 unveil 2026 MotoGP challengers
KTM and its sister team Tech3 have officially launched its 2026...
3h ago from MotorsportWeek.c...
KTM and Tech3 unveil 2026 MotoGP bikes in joint launch
No description available...
3h ago from Motorsport.com
Why Valentino Rossi is putting pressure on Ducati over...
No description available...
20h ago from Motorsport.com
Fermin Aldeguer to miss the Sepang test, but won't...
No description available...
23h 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...
12h 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...
16h ago from MotorsportWeek.c...
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
3d ago from MotorsportWeek.c...
IndyCar penalizes Abel Motorsports for rig testing
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
More than 10 tuners interested in joining WRC under...
No description available...
22h ago from Motorsport.com
How Oliver Solberg picked up his “crazy dream”...
No description available...
1d ago from Motorsport.com
Oliver Solberg crowned the youngest ever Rallye Monte...
Oliver Solberg and Elliot Edmondson created a piece of Rally Monte Carlo...
1d ago from MotorsportWeek.c...
WRC Monte Carlo: Oliver Solberg dominates to claim...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“The most fragile I’ve ever seen them” - Phil...
Phil Jones was unimpressed with the performances of Arsenal duo Gabriel...
1h ago from SportsKeeda.com
Some Tuesday thoughts and pictures and stuff …
Morning all. I have some thoughts about stuff today. Here they are in...
4h ago from Arseblog.com
Arsenal vs Kairat Prediction and Betting Tips |...
Arsenal take on Kairat at home in their final UEFA Champions League league...
19h ago from SportsKeeda.com
Player ratings: Arsenal 2-3 Manchester United
Arsenal crashed to a 3-2 defeat against Manchester United on Sunday...
23h ago from FreshArsenal.com
Comments
Hottest News
LIVE: 2026 F1 Barcelona Pre-Season Test - Day 2
The second day of on-track action for F1 in 2026... Read More »
4h ago from RacingNews365.com
F1 testing: Fake cars, dirty tricks and why you shouldn't...
It's that time of year again, when F1 pre-season... Read More »
2h ago from GPFans.com
Ferrari make Barcelona debut with Charles Leclerc, Max...
Ferrari finally made their 2026 Formula 1 debut... Read More »
54m ago from GrandPrix247.com
