As expected, the pandemic has seen F1's revenue crash alarmingly, Q2 witnessing a drop from $620m (£470m) in 2019 to just $24m (£18.2m) this year. read more »

Formula 1 owners Liberty Media has revealed the startling cost of the Covid-19 pandemic in its second quarterly report of 2020. read more »

Formula 1's revenues crashed by 96 per cent year-on-year during the 2020 Q2 period, according to figures released by owner Liberty Media on Monday. Due to the Covid-19... read more »

Ferrari's CEO Louis Camilleri says its loss of revenue from Formula 1's delayed and abbreviated 2020 season will be "in the high tens of millions" as it... read more »

Toto Wolff believes F1's current Concorde Agreement, which is due to expire at the end of 2020, should be extended for another year. The Concorde Agreement is the contract... read more »

The Italian, Hungarian, and Belgian Grands Prix have all received one year contract extensions due to COVID-19 impacting revenue. read more »

The McLaren Group - including the F1 team - has suffered a £175 million drop in revenue through the first quarter of 2020.  read more »

As McLaren Group's revenue crashes by 61.5%, filings reveal that last year saw the company pay the final instalment of Ron Dennis' £275m pay off. read more »

McLaren's financial struggles have been reflected in their Q1 financial records for 2020, reporting a revenue loss of £175million in the first quarter. read more »

McLaren Group has posted a substantial year-on-year reduction in revenue for the first quarter, with its Formula 1 team also suffering, ostensibly due to the coronavirus... read more »

The McLaren Group has posted a revenue loss of £175million for the first quarter of this year compared to the same period in 2019. read more »

Formula 1 says it will work with teams and partners to assist with losses that will be incurred due to the pandemic, but warned it won't be "handing out candy."... read more »

As expected, F1 has been hit hard by the ongoing pandemic, with its revenue of $39m for the first quarter down 84% on the same period in 2019 when it was $246m. read more »

The true effect of the global health crisis on Formula 1 is beginning to show after a huge drop in revenue was published in the Q1 results report. read more »

Formula One's income between January and March plummeted from $246 million in 2019 to just $39 million this year, a drop of 84 percent, figures released by championship... read more »

Liberty Media have revealed that Formula 1 lost over $200 million of revenue in the first financial quarter of 2020. read more »

Liberty Media has revealed the substantial financial losses suffered by the Formula One Group owing to the ongoing coronavirus pandemic. On Thursday the corporation revealed... read more »

Liberty Media's financial figures for the first quarter of 2020 have revealed the Formula 1 Group has been hit by a 84% reduction in revenue due to the COVID-19 crisis read more »

Ferrari is hopeful the loss in revenue from its Formula 1 team will be "short-lived" through 2020 as it braces for a drop in prize money and sponsorship income read more »

Ferrari CEO Louis Camilleri says F1's "drastic" loss of revenue amid the coronavirus crisis is hurting its finances in "the harshest manner". read more »

Though yet to agree on the figure, Ferrari CEO, Louis Camilleri admits that the budget cap will ensure F1 is sustainable as company reports a "big hit" to revenue. read more »

Ferrari CEO Louis Camilleri has confirmed that without Formula 1 the company is taking "a big hit" to its finances. read more »

Ferrari's CEO Louis Camilleri says the lack of Formula 1 action in 2020 has had a "big hit" on its financial situation, as the manufacturer revealed its Q1... read more »

Gene Haas says the business model in Formula 1 benefits the bigger teams in the sport and leaves the smaller teams fighting over a small percentage of the revenue. read more »

Liberty Media CEO Greg Maffei believes that Formula 1 can boost its broadcast revenue in the future thanks to interest from major digital players leading to a bidding war read more »