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McLaren F1 has denied receiving any payment from Liberty Media. Team boss Zak Brown says Formula 1 owners are offering assistance to “certain teams.”
McLaren, CEO with whom Zak Brown was speaking Motorsport-Total.com. He said, “We have not received any advance or special payments. I haven’t emptied my mailbox yet, but I don’t think there’s anything in it. “
Liberty Media has claimed that they have planned designs for all the results, including the most serious result imaginable of going through a year without Grand Prix races. And Mclaren F1 Boss, Zak Brown says the impact of not competing would have an overwhelming effect related to money across all groups.
Since the entire game has been halted, there are as of now huge monetary blows in Formula 1. In order to handle the underlying concerns about this, Liberty Media has brought money available to help the teams. According to reports, the main transaction would have occurred a week ago, however it is not clear which groups are included.
Mclaren F1 Boss: we need to start racing as soon as possible
According to Zak, there is a lot of talk about the possibility of competing in July or later. However, more attention needs to be paid to a “what if” situation where there cannot be a Grand Prix, with or without a crowd of people this year. Brown reveals that teams earn nearly $ 1 billion through sponsorships and cash prizes. And these funds would not be available without a career.
Mclaren Boss said Zak Brown: “If we don’t have Formula 1 this year, the financial impact would be devastating for all Formula 1 teams, as for any industry, if it shut them down for an entire year.” “If we didn’t drive, we would have to find solutions to the lack of income.”
Read more: F1 imposes major changes to team factories amid coronavirus crisis
