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F1 financially stable despite effects of last season
Formula 1 CEO Stefano Domenicali has insisted the sport is on a financially stable footing despite the ongoing effects of the Covid-19 pandemic. Only a select number of races were able to host fans in a reduced capacity last season due to the fight against the virus, with the shortened schedule also impacting income from race promoters as events were dropped. Article continues under video Despite this, Domenicali is sure the sport is in a good financial state and has suggested F1 is already in a better position to cope this season. “Financially, as we have seen, Covid has hit the balance sheet of our organisation because no one would not be hit by what has happened to our business,"...
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