Powder keg Middle East
In the last week the world’s attention has focused on what is happening in Middle Eastwith the war which risks having major repercussions on the global economy.
AND also Formula 1 is following what is happening carefully, given that they are scheduled for April two races in Bahrain and Saudi Arabia – and the latest news speaks of one of them cancellation more than likely resulting in a reduction to 22 of the grand prix on the calendar.
Stock market collapse for Liberty Media F1
The American newspaper Bloomberg released an interesting report today on the impact that the war in the Middle East is having on New York Stock Exchange and on shares of Liberty Media Formula One.
The loss was estimated at one -7% in these first days of conflict, with the overall market value shrinking by $1.9 billion. Investors sold their shares en masse, causing the purchase price to drop as a result.
Formula 1 also has its last two races scheduled in that area, in Qatar (29 November) and Abu Dhabi (6 December).
