Teams take $23m income hit as F1 revenues drop

Overall revenue for the F1 Group fell 5% in April-June compared with the same period last year, from $616m to $588m. The slice of the pie shared by the 10 teams fell 7% from $330m to $307m – in other words, between them they earned $23m less over that quarter. F1’s operating income was down 69% from $45m to $14m. There was no change in the number of races held in the quarter, with both 2017 ... ... Keep reading