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F1 'back in the black' with latest financial results

:Headline: F1 'back in the black' with latest financial results:
Formula 1 is back in the black, according to the third quarter financial results just released by the sport's commercial owner Libert Media.
Sports Mole

Formula 1 is back in the black, according to the third quarter financial results just released by the sport's commercial owner Libert Media.

Specialist financial news services analysed the numbers and found that F1 has turned a more than $100 million loss into a more than $300 million profit.

That is due to more normal race agreements after the badly covid-marred 2020 schedule, and the return of big crowds - like the history-making 400,000 spectators who gathered across the three days in Austin recently.

"It's great to see fans coming back in," said Red Bull boss Christian Horner in Mexico.

"Austin felt like a normal race but we still have to adhere to some of the protocols to protect the drivers and the whole team."

Liberty revealed that it has also signed "multiple broadcast deals" with Asian partners, and a new deal with France's Canal Plus to run until 2024.

"Formula 1 is firing on all cylinders and producing results on the track for our fans and partners and our investors," said F1 CEO Stefano Domenicali.

"We have seen the results with fans at the track and with engagement across all platforms."

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Premier League Table
TeamPWDLFAGDPTS
1Liverpool1210112481631
2Manchester CityMan City127232217523
3Brighton & Hove AlbionBrighton136522217523
4Chelsea126422314922
5Arsenal126422112922
6Tottenham HotspurSpurs1261527131419
7Nottingham ForestNott'm Forest125431513219
8Aston Villa125431919019
9Fulham125341717018
10Newcastle UnitedNewcastle125341313018
11Brentford125252222017
12Manchester UnitedMan Utd124441313016
13Bournemouth124351617-115
14West Ham UnitedWest Ham124351519-415
15Everton122551017-711
16Leicester CityLeicester122461523-810
17Wolverhampton WanderersWolves122372028-89
18Ipswich TownIpswich121651323-109
19Crystal Palace121561017-78
20Southampton1312101025-155
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