News Details
Ferrari’s 2020 F1 loss ‘in the high tens of millions’
Ferrari’s CEO Louis Camilleri says its loss of revenue from Formula 1’s delayed and abbreviated 2020 season will be “in the high tens of millions” as it released its Q2 earnings. Ferrari’s net revenue for the Q2 period in 2020, encompassing April through June, was 571m, down from 984m on the same spell 12 months ago. Of that its ‘Sponsorship, Commercial and Brand revenues’, in which its Formula 1 activities are counted – as well as museum and in-store traffic – were down to 83m from a 2019 figure of 131m. Formula 1 teams are set to receive less prize money this year on account of fewer grands prix taking place and Camilleri put a loose figure on the expected hit....
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Marko: If Pink Mercedes is approved, we can do the...
AlphaTauri could follow in the footsteps of Racing Point by producing a...
5y ago from GrandPrix247.com
"Confirmation Vettel's transfer to Racing Point...
One week it seems to be possible, the next week it's not. Is there room...
5y ago from GPBlog.com
Stroll takes charge in FP2 as Albon suffers high-speed...
Racing Point's Lance Stroll topped Friday's second practice session for...
5y ago from F1i.com
Hamilton eyes F1 stay through at least 2023
World Champion Lewis Hamilton says he wants to remain in Formula 1...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
12h ago from Motorsport.com
Fermin Aldeguer to attempt MotoGP comeback in Brazil...
No description available...
12h ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
1d ago from Motorsport.com
MotoGP: Qatar GP ‘unlikely', but a ‘plan...
MotoGP Sports Entertainment Group has admitted that the Qatar Grand Prix...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Chip Ganassi praises current health of IndyCar
Long-time team owner Chip Ganassi feels IndyCar is currently in one of...
3h ago from MotorsportWeek.c...
Andretti boss: “I don’t think anything’s a...
No description available...
6h ago from Motorsport.com
Winners and losers from the 2026 IndyCar season-opener...
No description available...
2d ago from Motorsport.com
Mick Schumacher’s IndyCar debut returns him to the...
Mick Schumacher began his IndyCar career this past weekend, competing in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
8h ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
2d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Saka responds to criticism of Arsenal by insisting...
t;li>Forward says all that matters is they keep winningSaka unconcerned...
2h ago from TheGuardian.com
Chelsea legend John Terry makes Arsenal PL title...
Chelsea legend John Terry believes Arsenal have all but sealed the Premier...
4h ago from SportsKeeda.com
Arsenal are looking to sign 30m German after 'glowing'...
Arsenal are reportedly interested in signing the Werder Bremen defender...
4h ago from CaughtOffside.com
22-G/A this season: Liverpool looking to sign...
Liverpool is interested in signing Federico Dimarco from Inter Milan...
4h ago from CaughtOffside.com
Comments
Hottest News
Mercedes strike fear in F1 rivals with surprise early change
Mercedes has headlined a packed FIA submissions... Read More »
54m ago from RacingNews365.com
Major Franco Colapinto backer makes sudden F1 return
Alpine has confirmed the renewal of its agreement... Read More »
1h ago from RacingNews365.com
Defiant Alonso pushes back on Newey’s lap limit claims
Fernando Alonso has pushed back on Adrian... Read More »
15h ago from F1i.com
