Racing Point Confirmed: Receive Prepayments from Liberty Media


0

(Motorsport-Total.com) – Liberty Media boss Greg Maffei already revealed in April that some Formula 1 groups were getting advances from the company to make ends meet during the corona crisis. Racing Point team boss Otmar Szafnauer reveals to 'Sky' that his racing team also expects money from Liberty or Formula 1 in the foreseeable future.

Otmar Szafnauer

© LAT

Otmar Szafnauer talks about Liberty’s advances Media zoom Download

“We haven't received it yet,” he reports. “But, as far as I know, it happened that we received some payments based on the forecasts as they were before the onset of the corona virus. Simply because we had planned with it. After that, the payments may come down to the level of actual income,” said Szafnauer .

In this context, he emphasizes that this is not a gift from Liberty to Formula 1 groups. “We have to pay the money back,” explains the Racing Point team boss and adds: “But I don't know all the Exiguous print, when the payments come and whether they have to be paid back with interest or without. All of this is new.”


The big F1-Direct with Marc Surer & Sascha Roos

About the F1 start 2020 in the corona crisis, Sebastian Vettel's future at Ferrari, the legend Ayrton Senna and much more … More Formula 1 videos

“But it is a great move from Liberty to help some groups that are really dependent on the lack of income,” says Szafnauer, who remembers: “We need the revenue. In racing, you spend every penny you can invest in the car because the value of winning is so high.” The calculation is simple: Without a race, the groups have no income .

A year without a race would therefore be a disaster. “I can imagine that many groups are sewn on edge, became once concerns their expenses,” assumes Szafnauer and explains: “Conversely, I doubt whether there is a crew anywhere – simply because it is in the nature of motorsport – that Money bunkers when things are going well to get through dry times. “

” Because if someone had such means, he would have spent them long ago to make the car faster and in the WM to do better. That's where a motorsport crew differs from other companies, “explains Szafnauer. United States. It would therefore be more important for the groups if the season was really as planned in early July in Spielberg can start.

365 Tickets USA

Like it? Share with your friends!

0
Racing Elite

0 Comments

Your email address will not be published. Required fields are marked *