Glock expects a major crisis for F1 in the future

The corona crisis threatens the future of Formula 1. In addition to many races that will not take place this year, teams and engine suppliers are also severely affected. According to former F1 driver Timo Glock, Mercedes, Renault and Honda could well leave Formula 1.

No income

Formula 1 has been at a standstill for months, which means that the teams do not generate any income from racing. In addition, the brands sell virtually no cars due to the economic consequences of the COVID-19 pandemic.

Financial problems

It is already known that Renault, McLaren and also Aston Martin are in trouble. "The coming months will be an important theme, because then the financial figures for the second and third quarter will be known to these teams", Glock said in the podcast Starting Grid. Glock says that only then will the consequences for the manufacturers really become visible.

Glock expects a major crisis for the sport in the future. It's now important for the teams to start racing again as soon as possible, so that they can generate revenue again. The season is expected to start with two races in Austria, the first of which will be held on July 5th.