F1 bosses face £35m loss after coronavirus fears force Chinese Grand Prix postponement

“In view of the continued spread of novel coronavirus and after ongoing discussions with the Federation of Automobile and Motorcycle Sports of People’s Republic of China (CAMF) and Shanghai Administration of Sports, the Chinese Grand Prix Promoter, Juss Sports Group, has officially requested that the 2020 FIA Formula 1 Chinese Grand Prix be postponed,” the FIA statement read.

“The FIA, together with the Formula 1, have jointly decided to accept this official request from the promoter and postpone the 2020 FIA Formula 1 Chinese Grand Prix, originally scheduled for 19 April.

“As a result of continued health concerns and with the World Health Organisation declaring the coronavirus as a global health emergency, the FIA and Formula 1 have taken these measures in order to ensure the health and safety of the travelling staff, championship participants and fans, which remains of primary concern.

“The FIA and Formula 1 continue to work closely with the teams, race promoter, CAMF and the local authorities to monitor the situation as it develops. All parties will take the appropriate amount of time to study the viability of potential alternative dates for the Grand Prix later in the year should the situation improve.

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