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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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TeamPWDLFAGDPTS
1Manchester CityMan City97202091123
2Liverpool97111751222
3Arsenal95311710718
4Aston Villa95311611518
5Chelsea95221911817
6Brighton & Hove AlbionBrighton94411612416
7Nottingham ForestNott'm Forest9441117416
8Tottenham HotspurSpurs94141810813
9Brentford94141818013
10Fulham93331212012
11Bournemouth93331111012
12Newcastle UnitedNewcastle9333910-112
13West Ham UnitedWest Ham93241316-311
14Manchester UnitedMan Utd9324811-311
15Leicester CityLeicester92341317-49
16Everton92341016-69
17Crystal Palace9135611-56
18Ipswich TownIpswich9045920-114
19Wolverhampton WanderersWolves90271225-132
20Southampton9018619-131
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