F1 Prize Money Could Crash To $68 Million If Races Have No Spectators [Forbes]
GlaxoSmithKline PLC (GSK)
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Source: Forbes
F1 is planning to give the red light to spectators to kickstart its stalled season (Photo by Mark... [+]Thompson/Getty Images)Formula One announced today that it is planning to hold races without spectators in order to kickstart its season after the coronavirus pandemic put the brakes on it. This new format could make F1 one of the first international sports to resume operations. It could also be here for a long time to come.F1 is listed on the Nasdaq with the ticker FWONK and has lost 41% of its market value since the start of the year. It is under threat from the coronavirus perhaps more than any other sport as its races each attract an average of nearly 200,000 spectators and take place in more than 20 countries over a period of just eight months. It makes F1 an ideal vehicle to rapidly spread coronavirus around the world but its season ground to a halt when governments began banning mass gatherings.F1's season-opener in Australia last month was cancelled when a member of the McLar
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- GSK (NYSE:GSK) had its "buy (b)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- GSK (NYSE:GSK) was upgraded by analysts at Bank of America Corporation from an "underperform" rating to a "neutral" rating.MarketBeat
- GSK (NYSE:GSK) had its "buy (b)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Deutsche Bank Maintains a Hold Rating on GSK plc (GSK) [Yahoo! Finance]Yahoo! Finance
- GSK (NYSE:GSK) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "hold (c+)" rating to a "buy (b-)" rating.MarketBeat
GSK
Sec Filings
- 12/5/25 - Form 6-K
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- 12/3/25 - Form 6-K
- GSK's page on the SEC website