McLaren team principal Andreas Seidl believes the financial impact of the coronavirus pandemic must act as a wake-up call for Formula One.
The spread of Covid-19 has put Formula One on hold, with the possibility that the season will be abandoned if racing does not resume by October. Even a reduced calendar would represent a significant loss of earnings for the sport, which survives on the income from race fees, broadcast rights and sponsorship deals.
In order to deal with the financial impact of coronavirus, all teams have closed their factories and some, including McLaren, have made use of job protection schemes, such as the U.