Red Bull principal says F1 owners will act to protect businessHorner: ‘I believe they will pay to ensure teams are still around’Christian Horner, the Red Bull principal, believes Formula One’s owners would step in to prevent any team from going under to ensure the survival of the sport. With race income severely curtailed by
Coronavirus, Horner insists Liberty Media is aware of the risk and would prop up competitors if necessary.
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Grand Prix meetings have been called off this season and with race fees a key source of income, there is genuine concern that smaller teams may not have the resources to survive. F1 fields 10 teams and has no plans for any new entries. Losing even one or two would be a major blow to the world championship.