Money trouble as F1 fuels up

first_imgDespite the more optimistic outlook for the sport, financial difficulties continue to plague Formula One in 2020. It is Liberty Media and Formula One Management that appear to be fielding most of the problems. The latest issues are with the broadcast contracts, particularly with Sky Sports. The British-based television company is looking for rebates from the organisers of major sports series that have been cancelled or postponed. Thus far this includes the British Premier League to the tune of some £170-million (R3.7 billion) and it is estimated that a similar figure is expected from F1. According to several news reports,…last_img

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