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 »
4y 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...
4y ago from GPFans.com
Källenius: Hamilton success matched by 'inspiring...
Mercedes-Benz chief executive Ola Källenius paid tribute to Lewis...
4y 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...
4y ago from MotorsportWeek.com
Vettel: Pandemic could still disrupt 2021 calendar
Sebastian Vettel thinks the opening part of the 2021 F1 schedule could...
4y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
1d ago from MotorsportWeek.c...
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
1d ago from Motorsport.com
Motegi remains on MotoGP calendar through 2030
MotoGP has officially confirmed that the Japanese Grand Prix at Motegi...
2d ago from MotorsportWeek.c...
Marco Bezzecchi explained what ‘key moment' he...
Marco Bezzecchi explained his first lap was the "key moment"...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Arrow McLaren set to move into new race facility in...
Arrow McLaren has officially taken ownership of what will be its new...
1d ago from MotorsportWeek.c...
Arrow McLaren expands IndyCar operations with new...
No description available...
1d ago from Motorsport.com
Why Rinus VeeKay believes there's more to come after...
No description available...
2d ago from Motorsport.com
The Winners and Losers of IndyCar’s 2025 Indy Toronto
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
6d ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
4d ago from Motorsport.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
5d ago from MotorsportWeek.c...
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Will Arsenal Win the Premier League Next Season?
The 2024/25 Premier League season will officially kick off August 15. ...
2h ago from FreshArsenal.com
Gyokeres gets green light to complete Arsenal £63.8m...
Viktor Gyokeres has been given clearance to complete his £63.8m move...
2h ago from SkySports.com
Bukayo Saka’s reaction spotted after fan asks...
Bukayo Saka was recently left amused after an Arsenal fan urged William...
3h ago from SportsKeeda.com
Arsenal latest: 'Gyokeres expected to wear iconic no....
No description available...
3h ago from SkySports.com
Comments
Hottest News
F1 2025 Belgian Grand Prix – FP1 Results
McLaren's Oscar Piastri topped the times over... Read More »
3h ago from MotorsportWeek.com
F1 Results Today: Hamilton suffers Belgian Grand Prix...
Ferrari's F1 upgrades failed to improve Lewis... Read More »
2h ago from GPFans.com
LIVE: 2025 F1 Belgian Grand Prix - Spa Free Practice
Follow along live with all the action from Spa... Read More »
5h ago from RacingNews365.com
