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Formula 1 has welcomed steps taken by the UK Government as it prepares to unveil a European calendar which will include two Silverstone races.
As some countries begin to open e-commerce, the general consensus is that large gatherings and live events are still on hold.
This year’s Formula 1 circus could yet head to venues that were not on the orginal calendar in order to reduce travel time, says Chase Carey.
The true effect of the global health crisis on Formula 1 is beginning to show after a huge drop in revenue was published in the Q1 results report.
Hoping to get the 2020 season underway in July, Ross Brawn says Formula 1 will race in a “small bubble of isolation” to protect everyone involved.
Formula 1’s managing director, Ross Brawn, has said an agreement over a reduced budget cap is now in the “final stages”.
Formula 1’s managing director, Ross Brawn, has said bosses are looking into hosting more than one race at certain tracks in 2020.
Formula 1 has officially revealed its plan to host a 15-18 race season, starting with the Austrian Grand Prix in July.
Uncertain as to when the 2020 F1 season will begin, Liberty Media has “scenarios for zero races” and also for “15-18 races”.
Liberty Media has already stepped in to help a few of Formula 1’s struggling teams, advancing payments to help them through the financial crisis.
General manager of the Circuit de Barcelona-Catalunya, Joan Fontsere, has said Liberty Media are willing to renegotiate race fees for tracks that hold behind-closed-doors Formula 1 racing.
As F1 awaits the start of the season, money is a hot topic with Ross Brawn saying the sport has been at “11” for too long, it’s time to “wind it down”.
Ross Brawn has set a deadline for the start of the 2020 F1 season, saying the latest it can begin is in October.
Formula 1 could introduce a token system for car development next season, allowing all the teams to decide what they want to develop and what they are okay freezing.
With yet another race postponed, Moody’s says it is “expects” Formula 1 will up its loans in order to pays and cover its own costs.
Formula 1 chief Chase Carey is taking a “20 per cent” pay cut but that doesn’t seem to have appeased his furloughed staff.
Monday’s meeting of the Formula 1 team bosses and F1 chiefs ended without a firm decision being made on the lowering of the budget cap.
Credit rating agency, Moody’s, has announced it has changed Formula 1’s outlook from ‘positive’ to ‘negative’ due to the ongoing lockdown.
Ex-Formula 1 boss, Bernie Ecclestone, has said current owners Liberty Media have a dilemma on their hands getting promoters to agree to new race dates.
Eight of Formula 1’s 22 grands prix have either been cancelled or postponed but Chase Carey is still hoping for a revised calendar of “15 to 18” races.
The Formula 1 teams have agreed to give Liberty Media and the FIA full control over a revised 2020 calendar.
It is not often that the F1 team bosses unanimously agree on anything but they have on deferring the 2021 regulations to 2022 in response to the coronavirus pandemic.
In a bid to free up weekends when, or if, Formula 1 can go racing, teams are said to be “very angry” with reports the summer break will take place in the coming six weeks.
Formula 1’s bosses will video conference with the teams on Thursday to discuss a potential 2020 calendar, needing all 10 teams to sign up to the changes.
Formula 1 CEO Chase Carey feels it has been too easy to criticise F1’s handling of the coronavirus situation, especially in hindsight.
Formula 1 waited until two hours before the start of the Australian GP weekend to cancel the race and Chase Carey actually believes they handled the situation well. They didn’t.
Chase Carey has refuted Lewis Hamilton’s claims that “cash is king”, saying if that was the case F1 would not have cancelled the Australian GP weekend.
Formula 1 boss Chase Carey says he is not yet ready to call off either the Bahrain GP or Vietnam despite cancelling the Australian GP two hours before FP1.
Formula 1’s owners, Liberty Media, are close to agreeing a new Concorde Agreement with the 10 teams.
Although some scoffed at it, Yath Gangakumaran, the man behind F1’s plans to achieve net zero carbon emissions by 2030, insists it is not a “short-term gimmick”.