Marko: ''Teams miss 100 million euros in five missed races''

26-03-2020 08:31
by Editorial Team
General
Marko: ''Teams miss 100 million euros in five missed races''

With 22 races, Formula 1 was on the eve of the longest Formula 1 season so far, but for now those ideas can be thrown away for a while and it remains to be seen when the season will start and which races will be held.

The coronavirus has an impact on the whole world and that is no different for Formula 1 and the teams. Where normally money comes rolling out of the TV rights and the prize money of the races, the teams and F1 now stand still. Auto Bild tells us that Helmut Marko estimates the costs for five missed races at around 100 million euros.

F1 always hit by the crisis

The Monaco Grand Prix is not included in this, because the princedom does not pay money to the F1 teams. Despite that, it remains a huge expense for the Formula 1 teams that will have to survive in the coming period. According to Auto Bild, 60% of Formula 1 revenues will go to the teams, where it will be much less now.

Crisis in the world already hit Formula 1 more often. Formula 1 lost almost all manufacturers during the seventies in the oil crisis and during the financial crisis of 2008 and 2009 things went wrong as well. Then Honda, Toyota and BMW left F1. The question is what impact the current crisis will have on Formula 1.

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