Liberty Media: The 'remote possibility of no racing' remains
Liberty Media: The 'remote possibility of no racing' remains
Formula 1 CEO Chase Carey has said that the 2020 season could run into January and that venues "not currently on our 2020 calendar" are being considered to boost the number of races it is possible to hold.
Although the season is yet to begin, a question that seems to be becoming louder is, when will the season end?
"Right now, our current targeted plan has us finishing in December," said Carey in a media conference call including GPFans. "Later in December than the original plan, so more like the 13th/14th December.
"But we are evaluating. Certainly, finishing in January is an option. We could do that, we can do that. I think if we car, we'd like to finish in December. We'd obviously have to take a fairly long break through the holidays, you're not going to race during the holiday weeks, but it is an option available to us that we'd again have to work through with our promoters and with an array of parties to get there."
Liberty Media CEO and President Greg Maffei recently said that there was a plan in place for the worst case scenario of Formula 1 being unable to race in 2020, a comment that Carey addressed when explaining how the sport was attempting to manage a $200 million loss of revenue in the first financial quarter.
"We're actively engaged with lenders of a revolving credit facility to address potential credit issues relating to our quarterly leverage covenant," added Carey.
"They've been very supportive as we work together to identify potential changes to the covenant, to enable us to navigate through the possible scenarios, including the remote possibility of no racing in 2020, and we expect to agree the necessary changes in due course.
"We've been working tirelessly since Australia and we're actively engaged with our promoters in putting together a potential 2020 race calendar. We have two primary challenges.
"Identifying locations where we can hold the race, and determining how we transport all necesary parties and their equipment to that location for a race.
"We're in discussion with all of our promoters, along with some tracks that are not currently on our 2020 calendar to ensure we explore all options."
READ MORE: Red Bull sign Sergio Aguero!
Carey continued by outlining the plan for a 2020 calendar as was recently made public by Ross Brawn.
Read more...
Williams: $145 million budget cap a 'middle ground'Read more
Renault to press ahead with Racing Point and Ferrari protestsRead more
Related
Change your timezone:
Latest News
F1's quirkiest star begins selling ICE CREAM in latest venture
- 51 minutes ago
F1 colleagues UNFOLLOW each other as internal drama cranks up
- 1 hour ago
Hamilton 'emotional burden' heading into 2024 season revealed
- 2 hours ago
Marko DIRECTLY addresses Verstappen quit rumours
- 3 hours ago
Vettel CONFIRMS F1 comeback and reveals what's holding it up
- Today 19:42
- 1
Hamilton flooded with applications as F1 celebrity pal founds new team
- Today 18:57
F1 Race Calendar
-
GP BAHRAIN
29 Feb - 2 Mar
Max Verstappen
-
GP SAUDI ARABIA
7 - 9 Mar
Max Verstappen
-
GP AUSTRALIA
22 - 24 Mar
Carlos Sainz
- GP JAPAN 5 - 7 Apr
- GP CHINA 19 - 21 Apr
- GP USA 3 - 6 May
- GP ITALY 17 - 19 May
- GP MONACO 24 - 26 May
Related news
F1 owners ‘close’ to stunning £3.5 BILLION takeover of motorsport rival
Liberty Media targets '£3.5 BILLION' motorsport investment
Burden worth BILLIONS - Is F1 becoming a Liberty Media liability?
F1 track chief gives major update on legendary circuit return
F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media
Innovatieweg 20C7007 CD, Doetinchem, Netherlands
+31645516860