S
SEARCH
M
SM
Thursday, June 4
/esi/1339/6_A_10_395687_0/index.html?art_id=395687&ESI

Losing a team would be 'a big setback' for F1

:Headline: Losing a team would be 'a big setback' for F1: ID:395687: from db_amp
Two more teams have joined McLaren in furloughing employees amid the coronavirus pandemic.

Two more teams have joined McLaren in furloughing employees amid the coronavirus pandemic.

"The furlough period will last until the end of May whilst senior management, and our drivers, have taken a pay cut of 20 percent effective from 1 April," backmarker Williams announced.

It is part of a British government scheme that pays employees 80 percent of their wages for a period.

It is understood that Racing Point is following suit, as is the Liberty Media-run Formula 1 organisation. Haas is also believed to be considering a furlough.

F1 CEO Chase Carey and sporting boss Ross Brawn have cut their salaries by 20 percent, the Daily Mail reports, with half of Formula One Management's 500 staff also put on furlough.

The developments come as team bosses met again via teleconference with Carey and FIA president Jean Todt on Monday to discuss lowering the 2021 budget cap from $175m.

A reduction to $150m has already been agreed in principle, but some want is slashed further to $125 million - or even as low as $100 million.

It comes after McLaren boss Zak Brown told the BBC that the sport is now in "a very fragile" state with as many as four teams in danger of going under.

"This is potentially devastating to teams, and if enough teams (go) - which doesn't have to mean more than two - then (it is) very threatening to F1 as a whole," he said.

How long the sport can survive without races is unclear, but there is no doubt that eventually the money will dry up.

"It's difficult to guess how many months they can stay idle - it has never been thought about that this sort of thing could happen to a season," said C More commentator Ossi Oikarinen.

"But losing just one team would be a big setback for F1. It's a pretty big thing to get a new team up and running if some go, so it's very important that it doesn't happen."

amp_article_395687 : Database Data restored...  : 
last updated article - 2020-04-07 07:57:01:
html db last update - 2020-06-04 09:30:19 :

ex - 7200 : read : read cache amp html

Coronavirus outbreak - Click here for more stories

Click here for more stories about Chase Carey

Click here for more stories about McLaren

Share this article now:
Show comments
Premier League Table
TeamPWDLFAGDPTS
1Liverpool29271166214582
2Manchester CityMan City28183768313757
3Leicester CityLeicester29165858283053
4Chelsea29146951391248
5Manchester UnitedMan Utd29129844301445
6Wolverhampton WanderersWolves29101364134743
7Sheffield UnitedSheff Utd28111073025543
8Tottenham HotspurSpurs29118104740741
9Arsenal2891364036440
10Burnley29116123440-639
11Crystal Palace29109102632-639
12Everton29107123746-937
13Newcastle UnitedNewcastle2998122541-1635
14Southampton29104153552-1734
15Brighton & Hove AlbionBrighton29611123240-829
16West Ham UnitedWest Ham2976163550-1527
17Watford2969142744-1727
18Bournemouth2976162947-1827
19Aston Villa2874173456-2225
20Norwich CityNorwich2956182552-2721
Scroll for more - Tap for full version

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

Championship Table
TeamPWDLFAGDPTS
1Leeds UnitedLeeds37218856302671
2West Bromwich AlbionWest Brom371913564372770
3Fulham371810952381464
4Brentford371791164333160
5Nottingham ForestNott'm Forest371612948381060
6Preston North EndPreston37168135045556
7Bristol City371510125153-255
8Millwall37131594440454
9Cardiff CityCardiff37131595250254
10Blackburn RoversBlackburn371411125245753
11Swansea CitySwansea371314104645153
12Derby CountyDerby371312124949051
13Queens Park RangersQPR37148155862-450
14Reading37139154642448
15Sheffield WednesdaySheff Weds37139154649-348
16Birmingham CityBirmingham371211144857-947
17Stoke CityStoke37126194955-642
18Huddersfield TownHuddersfield37119174558-1342
19Middlesbrough37914143747-1041
20Wigan AthleticWigan371011163850-1241
21Hull City37118184963-1441
22Charlton AthleticCharlton37109184454-1039
23Luton TownLuton37105224371-2835
24Barnsley37810194262-2034
Scroll for more - Tap for full version
. . . . . . . . . . . . . . . .
X

We value your privacy

A part of our GDPR compliance we need to ask for your consent. We and our partners use technology such as cookies on Sports Mole to personalise content and ads, provide social media features, and analyse our traffic. Click below to consent to the use of this technology on Sports Mole.