AlphaTauri reveals cost of each missed F1 race

With the Methodology 1 season having been positioned on keep it up account of coronavirus pandemic, groups are dealing with an infinite lack of earnings on account of a drop in industrial rights cash.

Tost has already commissioned his accounting division to goal to get on extreme of how pretty pretty an entire lot the missed races are impacting the Faenza-based group, and thinks there’s a important shortfall for every missed occasion.

Chatting with, Tost talked about: “The contracts are designed in such a development that we lose earnings proportionately if races aren’t run, because of agreed quantity is then diminished.

“If we do not drive a grand prix, [the estimate is] it’d presumably worth one and a half to 2 million.”

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Tost thinks that the present shutdown is survivable contained contained contained in the brief time interval, nonetheless thinks elements may get very painful for groups if racing has not resumed by the summer season season season season season season season.

“If we begin racing in July, we’ll get off with a black eye,” he outlined. “If that is not the case, elements will get essential.

“If nothing is obtainable in contained within the least all yr spherical, it ought to seemingly be a really essential matter. If you do not get any earnings contained within the least, it is clearly a catastrophe economically.”

F1 groups are in discussions with the FIA and Liberty about bringing down the extent of the upcoming worth cap. Tost is apparent that F1’s monetary platform ought to differ to make elements further sustainable for the long run.

“We merely is simply not going to contemplate that we’ll proceed all the problem generally all by means of the interim,” he talked about. “It is unattainable to keep up up spending at this stage.

“One event: Is it nonetheless essential for us to have as many individuals contained contained all by means of the wind tunnel as we now have now?”
He added: “Now we now have now to see what races we do, what the earnings goes to be and what the sponsors are going to be be.

“Will they defend, will sponsors drop out? What’s the full financial state of affairs like? Solely then can we give consideration to a value cap.”

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