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F1 revenue impacted by Imola cancellation
Article To news overview © Red Bull Content Pool Formula 1's revenue for the second quarter of 2023 fell to $141 million compared to $146 million in the same period in 2022, largely owing to the cancellation of the Emilia Romagna Grand Prix. The race was due to be held at the end of May, but severe flooding in the region on the days leading up to the weekend led to the decision to postpone and ultimately cancel the event. F1 officials felt it would have been too straining on the emergency services in the Emilia Romagna region, who were already having to deal with the devastation of the floods. Brian Wendling, Chief Financial Officer of Liberty Media, told a recent earnings call:...
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2y ago from RacingNews365.com
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