F1 Q2 revenue drops from $620m to $24m due to COVID-19
In the US, democrat politicians closed businesses and ordered people not to work.
Sign 'em up for welfare! They are desperate!.....and democrats did it to them.
Pay them more of taxpayer's money on "un-employment" than they make by working!
Democrats say pay every person in the US $1,200, including illegals and muslims hiding out in the US,
raise the US debt level, raise prices, and screw the citizens! Democrats and Fake News blame Pres Trump,
and need desperately to defeat him. A constant lie goes a long way.
---------------------------
Shut down the economy, hurt the US economically and stupid people will vote for an dementia patient democrat candidate
Joe Biden, with no business experience whatsoever, instead of Republican pres Trump who built the biggest US economy ever
.............so say the democrats.
Democrats released criminals (who usually vote democrat) from prison, and jailed people who only wanted to work
and earn money to feed their family.
-----------------------
Either you follow the democrat leftist "rules" or they will stop you from earning ANYTHING!
A permit or a license is permission........ to earn money. Permission can always be taken from you.
Democrats use the US laws against the citizens.
---------------------
The BS and fear created by lieing Fake News media, spread out to other parts of the world.
Worldwide, the US Fake News has reached millions of people and now auto racing is suffering
from the leftist democrat grab for more power.
---------------------------------
Mark Sutton/Motorsport Images
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emailBy Chris Medland | 4 hours ago
Formula 1’s revenue for the second quarter of the financial year has dropped from $620million in 2019 to just $24m this year due to COVID-19.
The impact of the global pandemic led to F1 having to delay the start of its season, and the postponement or cancellation of several races. The 2020 season finally got underway behind closed doors on July 3 in Austria, meaning there were no events held in the second quarter of this year compared to seven races in the same period last year.
Presented by

As a result, revenue was significantly down in the latest Liberty Media financial results, “with recognized primary F1 revenue in the period consisting only of the elements of sponsorship contracts associated with non-race related rights”. There was no income from race promotion fees, broadcasting fees or income generated from the lucrative Paddock Club.
However, since team payments – the largest outlay of the same period in 2019 at $335m – are recognized on a pro-rata basis as races take place on the calendar, there were no such payments in this period, while other cost-cutting measures that were implemented meant the deficit in revenue only resulted in an overall loss of $136m for the Formula 1 Group compared to a profit of $14m in Q2 last year.
“We reengaged with added purpose and determination, announcing our #WeRaceAsOne platform, underpinning our sustainability, diversity & inclusion and community strategies. #WeRaceAsOne was launched as an initiative to further our sustainability efforts, to stand united against racism, in fight against COVID-19 and to further address inequality and diversity in Formula 1.
“We are thankful to the FIA, teams, promoters, our employees and other key partners that made this return to racing possible.”
Formula 1
Sign 'em up for welfare! They are desperate!.....and democrats did it to them.
Pay them more of taxpayer's money on "un-employment" than they make by working!
Democrats say pay every person in the US $1,200, including illegals and muslims hiding out in the US,
raise the US debt level, raise prices, and screw the citizens! Democrats and Fake News blame Pres Trump,
and need desperately to defeat him. A constant lie goes a long way.
---------------------------
Shut down the economy, hurt the US economically and stupid people will vote for an dementia patient democrat candidate
Joe Biden, with no business experience whatsoever, instead of Republican pres Trump who built the biggest US economy ever
.............so say the democrats.
Democrats released criminals (who usually vote democrat) from prison, and jailed people who only wanted to work
and earn money to feed their family.
-----------------------
Either you follow the democrat leftist "rules" or they will stop you from earning ANYTHING!
A permit or a license is permission........ to earn money. Permission can always be taken from you.
Democrats use the US laws against the citizens.
---------------------
The BS and fear created by lieing Fake News media, spread out to other parts of the world.
Worldwide, the US Fake News has reached millions of people and now auto racing is suffering
from the leftist democrat grab for more power.
---------------------------------
F1 Q2 revenue drops from $620m to $24m due to COVID-19, as an excuse...... when democrats are willing to sacrifice businesses and your income to blame and get rid of Pres Trump.
Mark Sutton/Motorsport Images28 shares
share
tweet
emailBy Chris Medland | 4 hours ago
Formula 1’s revenue for the second quarter of the financial year has dropped from $620million in 2019 to just $24m this year due to COVID-19.
The impact of the global pandemic led to F1 having to delay the start of its season, and the postponement or cancellation of several races. The 2020 season finally got underway behind closed doors on July 3 in Austria, meaning there were no events held in the second quarter of this year compared to seven races in the same period last year.
Presented by

However, since team payments – the largest outlay of the same period in 2019 at $335m – are recognized on a pro-rata basis as races take place on the calendar, there were no such payments in this period, while other cost-cutting measures that were implemented meant the deficit in revenue only resulted in an overall loss of $136m for the Formula 1 Group compared to a profit of $14m in Q2 last year.
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“We were excited to return to the track in July and have now completed five races of what we expect will be a 15 to 18 race season,” Formula 1 chairman and CEO Chase Carey said. “During the break we continued to move the business forward with a reduced cost cap for the 2021 season, and announced new broadcast and sponsorship deals.“We reengaged with added purpose and determination, announcing our #WeRaceAsOne platform, underpinning our sustainability, diversity & inclusion and community strategies. #WeRaceAsOne was launched as an initiative to further our sustainability efforts, to stand united against racism, in fight against COVID-19 and to further address inequality and diversity in Formula 1.
“We are thankful to the FIA, teams, promoters, our employees and other key partners that made this return to racing possible.”
Formula 1
__________________
Here is the listings of ALL New Mexico Car Events Including Route 66 Anniversary
https://www.tamparacing.com/forums/t...ar-events.html
Top Car Club Meetings? Click a city
Got a video? Email it to Bobfixesitup@yahoo.com
________________________________________________
Keystone Motor Club (Founded 2012)... Free car show Every 3rd Saturday, newsletter is
https://www.tamparacing.com/forums/e...-car-club.html
Keystone picture gallery is here:
https://carstoshow.com/eventdetails.aspx?eventid=93202
Veterans and Friends on First Saturday...Some pictures....
https://carstoshow.com/registerevent...eventid=102331
Port Richey Rod Run at Coast Buick GMC
https://carstoshow.com/registerevent.aspx?eventid=99114
50's Diner US19.... A Florida Attraction.
1730 US-19, Holiday Fl 34691 click: https://www.tamparacing.com/forums/t...acing.html CHRA sanctioned cruise-in.
Cruise-In; Free; Every Saturday 5-8PM plus 10% off the whole menu to cruisers
50's Diner pictures are here: https://carstoshow.com/eventdetails.aspx?eventid=93194
All Cars Every 2nd Saturday Free Breakfast: Since 2015 and more. click: https://www.tamparacing.com/forums/e...ast-tampa.html
Tampa Racing.com covers the Tampa car scene and supports many fund raisers, worthy causes and events that enrich our community. We hope you enjoy them all.
What do I do? ---- on-site *Aftermarket* spring/suspension installations --- on-site impact wrenching---street lowering with your own stock springs...........True Bi-xenon HID projector headlight conversions........ Much more at Bob's Garage!
https://www.tamparacing.com/forums/b...ontact-us.html
https://www.tamparacing.com/forums/b...e-senor-honda/
Here is the listings of ALL New Mexico Car Events Including Route 66 Anniversary
https://www.tamparacing.com/forums/t...ar-events.html
Top Car Club Meetings? Click a city
Got a video? Email it to Bobfixesitup@yahoo.com
________________________________________________
Keystone Motor Club (Founded 2012)... Free car show Every 3rd Saturday, newsletter is
https://www.tamparacing.com/forums/e...-car-club.html
Keystone picture gallery is here:
https://carstoshow.com/eventdetails.aspx?eventid=93202
Veterans and Friends on First Saturday...Some pictures....
https://carstoshow.com/registerevent...eventid=102331
Port Richey Rod Run at Coast Buick GMC
https://carstoshow.com/registerevent.aspx?eventid=99114
50's Diner US19.... A Florida Attraction.
1730 US-19, Holiday Fl 34691 click: https://www.tamparacing.com/forums/t...acing.html CHRA sanctioned cruise-in.
Cruise-In; Free; Every Saturday 5-8PM plus 10% off the whole menu to cruisers
50's Diner pictures are here: https://carstoshow.com/eventdetails.aspx?eventid=93194
All Cars Every 2nd Saturday Free Breakfast: Since 2015 and more. click: https://www.tamparacing.com/forums/e...ast-tampa.html
Tampa Racing.com covers the Tampa car scene and supports many fund raisers, worthy causes and events that enrich our community. We hope you enjoy them all.
What do I do? ---- on-site *Aftermarket* spring/suspension installations --- on-site impact wrenching---street lowering with your own stock springs...........True Bi-xenon HID projector headlight conversions........ Much more at Bob's Garage!
https://www.tamparacing.com/forums/b...ontact-us.html
https://www.tamparacing.com/forums/b...e-senor-honda/
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