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F1 future becomes 'critical' in July - Tost

F1 future becomes 'critical' in July - Tost
© Reuters
The situation in Formula 1 will become "very critical" if the current shutdown period continues beyond July.

The situation in Formula 1 will become "very critical" if the current shutdown period continues beyond July.

That is the view of Franz Tost, boss of one of the smallest teams on the grid - Red Bull-owned Alpha Tauri.

"If we start competing in July, we will come out with a black eye," he told the German language "If we don't start, it will be very critical."

The Austrian says his Italian-based team has already calculated the cost of the current race postponements, which will now stretch all the way to June.

"When we don't contest a grand prix, it costs us one and a half to two million," said Tost.

And if that continues, he explained: "If nothing happens throughout the year, it will be a very critical matter. If you have no income, it is obviously an economic disaster."

MotoGP boss Carmelo Ezpeleta is now saying that even if no premier motorcycle races happen in 2020, the organisation will still pay the teams each month.

But in F1, Haas boss Gunther Steiner insists: "If we don't have a world championship, it will be difficult for many teams to survive."

However, there are efforts being made to dramatically cut costs and lower the 2021 budget cap, but - as is always the case in Formula 1 - there are disputes.

"I believe that problems always have to be tackled positively," said Steiner. "A problem also creates new opportunities.

"If we all work together, pull all ten teams together, we may even get out of this situation better. For the sport and for everyone."

Tost agrees: "We need to wait and see which races we have, what income we have and how it looks with the sponsors. Do they stay, do they disappear? What does the whole economic situation look like?

"We have to face reality to find out where we are economically," he added. "Then we have to sit down and say 'This is the challenge we are facing and we have only this money and that money left'.

"Only Liberty Media can give us a starting point. They are responsible for the money from sponsors, from television rights, from organisers, which they then distribute to us.

"If they cannot distribute anything, we don't have much to spend either. Now, we wait and see," said Tost.

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Gunther Steiner pictured on February 19, 2020
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Olympic medal table header
CountryGold medalSilver MedalBronze MedalT
United StatesUnited States1011930
Olympics flagOlympic Athletes from Russia78520
Great BritainGreat Britain56415
Today's Olympic highlights header

Wednesday's key events

· Team GB have dominated the men's coxless fours in recent Olympics, winning on each of the last five occasions, but this year they face some stiff competition. They are one of four rowing medal contenders for Great Britain today (2.10am)

· Katie Ledecky and Ariarne Titmus face off again in the women's 200m freestyle final, with the latter having already come out on top in the 400m event (2.41am)
· Team GB's Abbie Wood is among the medal contenders in the women's 200m individual medley final, while teammate Alicia Wilson will also take part. USA's Kate Douglass was the fastest qualifier, while world and Olympic record holder Katinka Hosszu is also involved (3.45am)
· Katie Ledecky could make it two golds in one morning as she goes into the 1500m freestyle final as heavy favourite, having broken the Olympic record in qualifying (3.54am)
· Team GB were by far the fastest qualifiers for the men's 4x200m freestyle relay final and will therefore be favourites for another gold in the pool (4.26am)

· Team GB take on New Zealand in the first men's semi-final, having been beaten by reigning champions Fiji but then come from behind to overcome USA on day two (3am)
· The sevens gold medal match takes place at Tokyo Stadium, with the winner of Great Britain vs. New Zealand taking on either Argentina or Fiji (10am)

· Joe Fraser and James Hall compete for Team GB in the men's all-around final (11.15am-2.10pm)

· Anna Shackley will take part in the women's road time trial (from 3.30am)
· Geraint Thomas and Tao Geoghegan Hart have medal ambitions for Great Britain in the men's road time trial, although both will need to recover from the crash they suffered on Saturday (6am)

· Jack Laugher bids to retain his men's 3m synchro diving title alongside new partner Daniel Goodfellow (7am)

· Charlotte Dujardin will look to add to her already legendary status with a third successive Olympic individual dressage title (9.30am-1.25pm)

> Today's schedule in full
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