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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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Liberty Media have revealed that Formula 1 lost over $200 million of revenue in the first financial quarter of 2020. read more »
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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 »
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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 »
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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 »
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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 »
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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 »
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Ferrari CEO Louis Camilleri has confirmed that without Formula 1 the company is taking "a big hit" to its finances. read more »
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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 »
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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 »
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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 »
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After several years in the doldrums, McLaren is finally enjoying success again, both on and off track. read more »
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Just months after almost losing the British Grand Prix, financial report reveals that business is booming at Silverstone. read more »
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New sponsors, including British American Tobacco, have seen the McLaren F1 team's revenues rise by 9.2% in the first six months of the year. read more »
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Despite an increase in revenue last season Renault have announced a £7.4m loss for their F1 team in 2018. read more »
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The Formula One Group recorded a modest revenue increase in this year's second financial quarter compared to 2018, despite one of its more lucrative races falling earlier... read more »
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Despite its issues on track over the last few seasons, McLaren has seen its revenue increase by 44% over the last year to £1.3bn ($1.7bn). read more »
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