2020 Season

Marko: 'If five races are cancelled, 100 million will be lost'

Sam Hall Wednesday 25 March 2020 10:43 Updated: 10:55

Marko: 'If five races are cancelled, 100 million will be lost'

Red Bull adviser Helmut Marko reveals the cost of losing grands prix from the Formula 1 calendar, the Austrian remaining hopeful that the Austrian Grand Prix, held at the Red Bull Ring, will not face postponement.

Formula 1 have announced that the 2020 cars will continue to be used throughout 2021, pushing back the dramatic technical regulation changes by a year to 2022, a move that Marko says 'makes a lot of sense' given the financial hit that now seems inevitable.

"All teams face loss of revenue," Marko told Austrian newspaper Österreich. "If five races are cancelled, 100 million will be lost. Now we have stable regulations. If we freeze that, the cost will drop enormously, and the reform would fall below the planned budget ceiling."

Questioned on whether that Austrian Grand Prix will go ahead, the race currently scheduled to take place on July 5, Makro said, "It has to go on. Our marketing activities should start in mid-May, we keep all plans up to date."

Following Monday's announcement that the Azerbaijan Grand Prix was being postponed, the season is now due to begin on June 14 in Canada.

Latest News

GPFans F1 Awards

Major Hamilton decision made after F1 AXE threat

11 minutes ago

Max Verstappen

Verstappen RETIREMENT verdict emerges as health doubts raised

1 hour ago

GPFans F1 Awards

Horner THRASHED by Wolff as F1 rivals deliver huge blow

1 hour ago

F1 Today

F1 News Today: Verstappen SWITCH revealed as Red Bull issue career update in official statement

3 hours ago

Max Verstappen

Newey reveals terrifying details of Verstappen 2021 incident

Today 14:56

Red Bull

Red Bull BOMBSHELL drops as Perez ‘agreement’ revealed over stunning comeback

Today 13:59

More news

F1 News 24/7

Races

About GPFans

GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.

We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.

With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.

Follow us on your favorite social media channel

Corporate & Media

Innovatieweg 20C
7007 CD, Doetinchem, Netherlands
+31645516860

CHOOSE YOUR COUNTRY

Marko: 'If five races are cancelled, 100 million will be lost'

Marko: 'If five races are cancelled, 100 million will be lost'