February 28, 2011
No Bahrain GP will cost F1 $100 Million
If you go by what Formula Money says, the cancellation of the first race of the 2011 F1 season will cost the organization and the teams Eu 70 million, $100 million. Of that total amount, 40% would be missed income by the teams and among them, the biggest single loser would be Scuderia Ferrari who forfeit Euro 8 Million in sponsorship. Mind boggling.
This explains why there was much reticence in canceling and why they will try their hardest to squeeze the race in at the end of the season.
(Photo: Kristof Vermeulen/Raceshots.be info: Autosprint)
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