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Formula 1 Q2 revenues down nearly $600m due to Covid-19

Chase Carey, CEO and Executive Chairman of Formula One Group, at press conference held before 2020 Australian GP was cancelled (by Clive Mason/Getty Images)

The Covid-19 pandemic caused Formula 1’s revenues to drop by just under $600m (€510m) and 96 per cent year-on-year, according to the latest set of second-quarter results published by owners Liberty Med…