F1's startling losses during COVID-19 wipeout

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Owners of F1 released a report on its finances for 2020 and the figures are alarming. 9WWOS

Here's further proof of how much coronavirus has obliterated the sporting world's finances.Due to coronavirus wiping out the calendar, Formula 1's income for the April to June period crashed from $620m in 2019 to just $24m in 2020.

In 2019, there were seven races took place during that period which works out to be a third of the season.The only income officially logged this year was from sponsorship that is not related to specific race dates. While they've tried to make up for lost time in July-September with 10 races being added to the schedule for the period, they'll still be taking in less money than usual.

 

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