Mclaren F1 Denies Receiving Any Aid From Liberty Media

McLaren F1 has denied receiving any payment from Liberty Media. Team boss Zak Brown says that the Formula 1 owners are offering assistance to ‘certain teams’.

McLaren, CEO Zak Brown was talking to Motorsport-Total.com. He said, “We have not received any advance or special payments. I haven’t emptied my mailbox yet, but I don’t think there’s anything in it.”

Liberty Media has affirmed that they have planned designs for all outcomes, including the most dire outcome imaginable of going a year without Grand Prix racing. And Mclaren F1 Boss, Zak Brown says the impact of not racing would have an overwhelming money related effect on all groups.

Since the entire game is at a halt, there are as of now huge monetary blows to Formula 1. So as to manage the underlying worries about this, Liberty Media has brought in cash accessible to help teams. According to reports the primary transaction would have occurred a week ago, yet it isn’t clear which groups are included.

Mclaren F1 Boss: We need to start racing at the earliest

According to Zak, there is a major talk about the chance of racing in July or later. However, more consideration should be paid to a ‘what if’ situation in which there can not be a Grand Prix, with or without a crowd of people this year. Brown reveals that teams get almost one billion dollars through sponsorship and prize money. And these funds would not be available without any racing.

Mclaren Boss, Zak Brown said, “If we don’t have Formula 1 this year, the financial impact would be devastating for all the teams in Formula 1, As for any industry, if you closed them for a whole year,” “if we didn’t drive, then we would have to find solutions to the lack of income.”

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