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Sebahattin Devecioglu

Sebahattin Devecioglu latest

Cancellation Due COVID-19 Might Cost Formula 1 More than $602 Million
April 12th, 2020 - 09:00 GMT

Cancellation Due COVID-19 Might Cost Formula 1 More than $602 Million

The new coronavirus pandemic has jolted the sports world with cancelations or suspensions of events since March. But a lot of sponsors that are restricted from advertising are worried about financial challenges. Formula 1 has a unique platform where alcoholic beverage and tobacco companies are able to advertise products at events. "We see these types of sponsors in car racing events. It's a marketing strategy of the Formula 1," Turkish ...
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