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(Motorsport-Total.com) – McLaren CEO Zak Brown hopes to see the Formula 1 season soon, otherwise he fears drastic consequences for some teams. “If we didn’t have Formula 1 this year, the financial impact would be devastating for all Formula 1 teams, as in any industry, if they shut them down for an entire year,” he said in a video conference with selected media. – Including ‘Motorsport-Total.com’.
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Zak Brown is currently concerned about the future of Formula One Zoom
Because Formula 1 teams naturally live on racing income, whether it’s sponsorship income or championship prize money. “About a billion dollars will be distributed among the racing teams.” A big part that the teams would miss.
“And that would happen if we didn’t drive,” said Brown. “Then we would have to find solutions to the lack of income.”
In addition to discussions of a reduction in spending in the coming years, Formula 1 is currently also helping with direct financial injections. It was yesterday when Liberty Media announced that some teams had made an advance payment. McLaren is not one of them.
“We have not received an advance or special payments,” confirms Brown. “I haven’t emptied my mailbox yet, but I don’t think there’s anything in it.” It also doesn’t know which teams have received Liberty Media payments.
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However, the managing director is not surprised: “This only shows the urgent need that the sport finds in some teams. I am glad that they intervened and helped the teams.” For Brown, however, these payments are only short-term solutions: “Anyone who has loaned money has only loaned time.”
So Brown has other solutions: “We need a hypothetical scenario,” he says. At the moment, many would assume that Formula 1 can start again in the summer, albeit without a spectator. But no one can say for sure if and when it can really start again.
“We are moving forward with raw eggs,” says Brown, but he is confident that Formula 1 can implement appropriate plans for a quick return to the sport. If not? So Brown’s required emergency plan has to help. “We established all financial situations, but the consequences if we were unable to drive would be extremely threatening to everyone in Formula One.”
