LONDON: The coronavirus crisis could lead to Formula One's already postponed 2021 rules revolution being pushed back further to 2023, Red Bull team boss Christian Horner said on Tuesday .
"There seems to be reasonable agreement but it needs ratifying by the FIA to push back those development costs into 2022 for introduction in the '23 season.Formula One derives most of its revenues from hosting fees, global television contracts and sponsorship and faces a massive financial hit if grands prix cannot be run, but Horner said the sport would survive.
Red Bull's head of driver development Helmut Marko said at the weekend that commercial rights holder Liberty Media expected a loss of US$200 million-US$300 million in revenue. Horner, whose team are actively involved in a 'Project Pitlane' initiative to make more ventilators, said Marko's comments had never been taken seriously.
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