News Details
Formula 1 second quarter revenue hit by Imola cancellation
Formula 1 suffered a slight drop in its revenue for the second quarter of 2023 due to the cancelation of the rain-hit Emilia Romagna Grand Prix at Imola back in May. The race was due to be held on May 23, but disastrous floods in the region around Imola forced F1 to cancel the event just 48 hours before the scheduled start of race weekend. The cancellation meant that only six events instead of seven were held during the April-May quarter, which resulted in a drop of revenue from $744m in 2022 to $724m, or a 3% decrease. Team payments for the period also fell from $368m to $344m, which equated to a 7% drop year-over-year. Operating income for The Formula One Group nevertheless improved in...
Full Story »
Full Story »
You May Also Be Interested In...
Spectre of cancellation hangs over Spa GP
Jul.28 The big buzzwords in the Spa-Francorchamps paddock as the Belgian...
2y ago from OneStopStrategy.com
This is the 2023 Formula 1 calendar
The 2023 Formula 1 calendar originally featured 24 races, but that number...
2y ago from GPBlog.com
F1: F1's second quarter finances suffer following...
The cancellation of the Emilia Romagna due to local flooding has impacted...
2y ago from Pitpass.com
Toto Wolff makes Red Bull analogy amid budget cap...
Max Verstappen's commanding win at the Hungarian Grand Prix, triumphing...
2y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: ‘I could have fought Marc Marquez till...
No description available...
1h ago from Motorsport.com
Marc Marquez set to return on a motorcycle after long...
No description available...
7h ago from Motorsport.com
Why MotoGP hails 2025 season as a...
MotoGP promoter Dorna Sports has described the conclusion of the 2025...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1d ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
1d ago from Motorsport.com
FOX Sports, IndyCar reveal broadcast schedule for 2026...
No description available...
2d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
1d ago from MotorsportWeek.c...
Romet Jürgenson to compete in opening three WRC2...
The rising Estonian talent is joined by co-driver Siim Oja and start...
1d ago from MotorsportWeek.c...
Toyota brings Corolla back to rallying with all-new...
No description available...
2d ago from Motorsport.com
Gregoire Munster to contest Dakar Rally and WRC Monte...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
'That's true, yes': Transfer expert confirms Arsenal...
Arsenal are reportedly interested in signing the Borussia Dortmund...
4h ago from CaughtOffside.com
'What a massive player he is for us' - Mikel Arteta...
Arsenal manager Mikel Arteta was full of praise for Declan Rice after...
3h ago from SportsKeeda.com
Contact made: Berta leading talks as Arsenal prepare...
Arsenal are looking to improve the midfield unit with the signing of...
5h ago from CaughtOffside.com
Everton 0-1 Arsenal: Gyokeres penalty sends Gunners...
Match report – Player ratings – Arteta reaction – Video...
7h ago from Arseblog.com
Comments
Hottest News
F1 team reveals 'stealth' livery for 2026
Williams have revealed their livery design for F1... Read More »
2h ago from GPFans.com
F1 News Today: Lewis Hamilton replacement 'chosen' as...
Former Ferrari F1 team principal Maurizio... Read More »
1h ago from GPFans.com
Max Verstappen reveals F1 star he wants as team-mate more...
Four-time F1 world champion Max Verstappen has... Read More »
5h ago from GPFans.com
