By Select Car Leasing, 07-07-2020
Race Weekend Revenues Will Take A Hit
Due to the lack of spectators, F1 will also be impacted financially. It was reported in by ESPN in May that F1 has already been hit by a 84% drop in revenue due to the COVID19 pandemic while races were suspended, and this would continue even with some fans allowed into the racetrack. Presuming that there would be a ring of empty seats, or the equivalent distance, around every fan who attended a Grand Prix in a socially distanced was, race weekend revenues will take a hit.
The worst affected race will be the Gran Premio De Mexico, which before the pandemic generated around £100m per race weekend. Social distancing measures would greatly reduce this to only £11m, leaving a huge £89m hole in the circuit’s pocket.
Silverstone would be similarly impacted, only generating £10m for a weekend, down £83m from previous Grand Prix’s.