sport news Formula One bosses facing £35million loss after postponing Chinese Grand Prix

Formula One bosses facing £35million loss after postponing Chinese Grand Prix following coronavirus outbreak Liberty Media confirmed postponement of Chinese Grand Prix on Wednesday The chances of finding a replacement date in 2020 look remote to non-existent Shares in the $11billion (£8.5bn) F1 business originally fell by nearly one per cent 

By Jonathan Mcevoy for MailOnline

Published: 20:00 GMT, 12 February 2020 | Updated: 20:00 GMT, 12 February 2020

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Formula One's bosses are facing a potential £35million hole in their pockets after 'postponing' the Chinese Grand Prix because of the coronavirus outbreak.

On Wednesday Liberty Media, the sport's owners, confirmed Sportsmail's revelation that the April 19 race would be called off and, although they left open the possibility of the Shanghai event being rescheduled, the chances of finding a replacement date on the packed, now-21-round calendar look remote to non-existent.

Liberty will leave no stone unturned to make it happen, but privately acknowledge the teams are unlikely to commit themselves to the upheaval and cost of a long, untimely trip to Asia. 

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