F1 chairman evokes "remote" possibility of no races in 2020

From left to right, Michael Masi of the FIA, Australian Grand Prix Corporation Chairman Paul Little, Australian Grand Prix Corporation CEO Andrew Westacott and executive chairman of the Formula One Group Chase Carey, speak to the media about the cancellation of the Formula One Australian Grand Prix at the the Albert Park Circuit in Melbourne, Australia, Friday, March 13, 2020. The first F1 Grand Prix of the season was canceled two hours before the first official practice was set to start Friday after organizers relented to pressure to call it off amid the spreading coronavirus. (Michael Dodge/AAP Image via AP)

FILE - In this file photo dated Thursday, Oct. 31, 2019, Formula One chairman Chase Carey speaks during a news conference at the Formula One U.S. Grand Prix auto race at the Circuit of the Americas, in Austin, USA. Carey said Monday April 27, 2020, he is “increasingly confident” the season can start in July despite the first 10 races being canceled or postponed amid the coronavirus pandemic. (AP Photo/Darron Cummings, FILE)