Formula 1 posts record loss for 2020 season

Liberty Media’s full-year financial results, which were released on Friday, reveal that F1’s income tumbled by 44% for a total loss of $386m – compared with the previous year.
Overall revenue crashed from $2022m in 2019 to $1145m last season, while the modest profit of $17m in 2019 turned into an operating loss of $386m after the teams were paid.
The total payments shared between the 10 …Keep reading