Before Coronavirus Pandemic, Liberty Media Planned To Boost F1 Race Fees [Forbes]
JP Morgan Chase & Co. (JPM)
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Source: Forbes
The coronavirus pandemic has put the brakes on Liberty 's plan to boost F1's race fees (Charles... [+]Coates/Getty Images)Formula One's race promoters have had a lucky escape as the sport's owner Liberty has revealed that it was planning to drive up their fees before the coronavirus outbreak sent it into a spin.Just two days before F1's season opener in Australia was due to take place last month, F1 was forced to put the brakes on it when a member of the McLaren team tested positive for COVID-19. Since then, F1 has postponed or canceled the first nine races of the season, up to the end of June.F1 has been left waiting at the lights as the affected races can't be rescheduled until the destination countries are clear of coronavirus while the 13 events remaining on the calendar are also gridlocked.Today In:SportsAs weIndependentThese costs are usually funded by advance ticket sales but at the moment race fans don't know if they will be able to travel to future events or even whether it
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