COVID-19 could affect more races this year.

[Just_a_fan]

Nice...every single motorsport event around the world has been cancelled!

IndyCar is still going ahead this weekend!

This weekend at St Petersburg is behind closed doors and Long Beach has been cancelled.

[Xero]

Bahrain and Vietnam are officially postponed. No surprise there!

[Wouter]

No races at least until the end of May.

[Unc1eM0nty]

What happens to the finances of the smaller teams - could any go under ? Do they get part payments race by race or is it all at the end of the season

And the same for the race tracks and promotors, are they insured aginst this type of thing

[Xero]

So either Holland and Spain are cancelled, or more likely, rescheduled into the mid-season break between Hungary and Belgium.

Edit: China, Vietnam and Bahrain could also be rearranged, but it would create the most condensed season imaginable. I can't see how teams could cope with the not only the working conditions, but the added financial strain.

[Just_a_fan]

What happens to the finances of the smaller teams - could any go under ? Do they get part payments race by race or is it all at the end of the season

And the same for the race tracks and promotors, are they insured aginst this type of thing

The teams might have to talk nicely to sponsors but, on the plus side, they don't have the expense of going to the race every other weekend so it's probably not an issue in that regard. The payments to the teams are based on the season's results so this year should be ok. Next? Good question. The teams also pay an annual entry fee which is based on the previous year's points so all will benefit from a lower total tally this year.

[Phil]

One of the big issue is TV money and what is payed by the deals Liberty/Eccelstone made with the event-holders. That all goes into a pot, which is then distributed among the teams, part of it as a percentage payout and as points/WDC standings.

These TV deals are very lucrative. Not racing means the money supplied by those TV teams might be off. That money will be lost to teams (the entire bucket of money and the respective payouts will be smaller). But as Just_a_fan said, at least they will not have to spend the money to go to all these venues - the question is, have they already paid for this? Can they get it back, if not traveling? And I suspect this to be also significantly less than what comes in through the TV deals etc.

[Fulcrum]

The message stated postponement. China, Bahrain and Vietnam have been postponed. As it stands right now, only Australia has been cancelled.

[Pyrone89]

Dutch GP and Spanish GP also postponed according to Motorsport.com who double checked the ‘end of May’ date with F1

[PlatinumZealot]

Oh well. Time to fire up my other hobbies till summer.

[Baulz]

What happens to the finances of the smaller teams - could any go under ? Do they get part payments race by race or is it all at the end of the season

And the same for the race tracks and promotors, are they insured aginst this type of thing

The teams might have to talk nicely to sponsors but, on the plus side, they don't have the expense of going to the race every other weekend so it's probably not an issue in that regard. The payments to the teams are based on the season's results so this year should be ok. Next? Good question. The teams also pay an annual entry fee which is based on the previous year's points so all will benefit from a lower total tally this year.

The teams still have to pay their staff and that would be the biggest overall expense.

[RZS10]

You realise it's not about how many people have died from something which makes it worse than something else? It is how many people could.
Flu has a death rate of under 1% yet Corona is ~3% but up to 7% in some countries.....
Using your numbers:
9 million infected
Flu deaths = ~25,000
Coronavirus deaths = ~270,000

The 25k and 9m are for Germany alone in 17/18 ... GER so far has like 2.5k corona cases and 6 deaths, which puts the death rate exactly at the same rate of the flu back then (~0.2%).

When it's happening the projected deaths are what counts, yes - that's why, if you had read carefully, you'd see that i wrote "once it's done and dusted" ... In retrospect the hard numbers are all that counts, in ten or so years no one will care about whether the virus had the potential to kill X or Y people.

[Phil]

You are a bit early with using German numbers. People don't get infected and then die. Some die after two weeks, some less, some more. Given the outbreak has only just started to really increase, the death rate is expected to grow substantially, as it did in Italy when it reached critical stages.

Also, most countries are no longer counting everyone with "flu like symptoms". They are only testing people with serious symptoms. Therefore, the confirmed cases are starting to reflect people who have severe symptoms.

[Fulcrum]

You realise it's not about how many people have died from something which makes it worse than something else? It is how many people could.
Flu has a death rate of under 1% yet Corona is ~3% but up to 7% in some countries.....
Using your numbers:
9 million infected
Flu deaths = ~25,000
Coronavirus deaths = ~270,000

The 25k and 9m are for Germany alone in 17/18 ... GER so far has like 2.5k corona cases and 6 deaths, which puts the death rate exactly at the same rate of the flu back then (~0.2%).

When it's happening the projected deaths are what counts, yes - that's why, if you had read carefully, you'd see that i wrote "once it's done and dusted" ... In retrospect the hard numbers are all that counts, in ten or so years no one will care about whether the virus had the potential to kill X or Y people.

Germany has good health care, and hasn't reached critical volumes of cases. Cases present before deaths. Many of those 2500 cases are active without resolution (recovery or death); some will resolve by death, meaning the current CFR isn't accurate.

As I type, Germany has recorded 7 deaths.

[DChemTech]

We'll never know the real mortality rate because we will never know how many cases there actually are. All we will know is how many deaths there will be in the end compared to a normal flu wave - but that's only after the epidemic. And then we can estimate a mortality rate, but it will be a coarse estimation - if it's based on registered cases, it will certainly over-estimate mortality. But by how much, will be very challenging to figure out.