Formula Money
@FormulaMoney
F1’s industry monitor. The only reporters who specialise in covering the business of F1. Founded @ZoomAuction & member of @pressgazette Journalism Hall of Fame
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Forgot to Tweet this last week. @gsep123 was spot on that if someone breaks their bubble in #F1 for medical reasons they are exempt
There must have been fewer sponsorship announcements during this season than any previous year. Probably the biggest hasn't even been announced. That's Citibank's partnership of #F1 which only shows on the sport's website. The good news is that not many deals have disappeared!
Always find nuggets in reports of libel trials. Today's is that you can choose to sue someone quoted in a piece, the author of the piece and/or the outlet. The current High Court case is the latter but the former are just as common. #F1 author Tom Bower is often sued personally
'Revealed: The Magic Formula For Calculating The Cost Of A Theme Park' via @forbes by @FormulaMoney forbes.com/sites/csylt/20…
Ever wondered how much theme parks cost to build? The answer is in our latest feature here 👇 forbes.com/sites/csylt/20…
If #F1 personnel can't break their bubbles at races what if they need check ups? As someone living with cancer one of the riskiest things I've had to do in quarantine is get blood tests. Surely some of the 2000+ #F1 staff have had to see a doctor/consultant in the past 2 weeks?
Spectacular idea but it looks like the kind of thing that would attract large crowds of people watching it!
DANCE OF THE DRONES: Authorities in South Korea used an eye-popping drone display to raise awareness of coronavirus hygiene practices. abcn.ws/3ecuvNi
Mercedes F1 boss Toto Wolff in favor of extending current Concorde Agreement through 2021 hsbu.us/FrmAq1f
Toto Wolff says he would race with an extension to the current Concorde Agreement in 2021 to avoid the contracts running out if there is no time for negotiations. It would give short-term visibility though the current terms are weighted in Mercedes' favour autoweek.com/racing/formula…
So the UK government has spent £27.4 billion on the furlough scheme so far. Got to wonder how long it will take to pay that back. None of my companies has ever employed anyone so I've not shared in the benefit but I'm sure we will all have to contribute to paying it back!
Last month a source close to Williams said that it was "already starting to see a number of quality options develop." This has now come to fruition as Claire Williams has told @adamcooperF1 it is in talks with "high quality" investors.
Williams says it is in talks with "high quality" potential investors #F1 motorsport.com/f1/news/willia…
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