Cancelling the competition has brought us great losses. Last year we made a lot of profits. This year we expect to make a lot of money, but now we can only hope for next year. Said Epstein.
According to Epstein, the direct and indirect revenue from the U.S. race last year amounted to hundreds of millions of dollars. In addition to huge losses, this years epidemic has led to more than half of the organizing committees layoffs.
In addition to the U.S. race, the cancelled F1 events include Mexico, Brazil and Canada.