- Red Bull principal says F1 owners will act to protect business
- Horner: ‘I believe they will pay to ensure teams are still around’
Christian Horner, the Red Bull principal, believes Formula One’s owners would step in to prevent any team from going under to ensure the survival of the sport. With race income severely curtailed by coronavirus, Horner insists Liberty Media is aware of the risk and would prop up competitors if necessary.
Nine grand prix meetings have been called off this season and with race fees a key source of income, there is genuine concern that smaller teams may not have the resources to survive. F1 fields 10 teams and has no plans for any new entries. Losing even one or two would be a major blow to the world championship.
Written by Giles Richards
This news first appeared on https://www.theguardian.com/sport/2020/apr/18/f1-will-save-teams-at-risk-of-going-under-due-to-coronavirus-says-horner under the title “F1 will save teams at risk of going under due to coronavirus, says Horner”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
