The opening Grand Prix of the season was called off with fans waiting at the Melbourne track to watch practice AFP/William WESTPARIS: Formula One's 70th anniversary season, stalled by the coronavirus pandemic, could end in tears for teams facing financial ruin unless the sport cuts costs and achieves sustainable spending.
Two races have been cancelled, seven have been postponed and the later rounds, starting with the French Grand Prix on Jun 28, are in doubt.Ratings agency Moody's downgraded Formula One, owned by the American group Liberty Media, early in April but said it felt the sport could survive a lost season.
McLaren's Seidl says the impact of the coronavirus pandemic remains unknown but Formula One needs to assure its backers it can withstand the blow.
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