Italy has seized properties worth some €105 million ($114.45 million) owned by Russian former Formula One driver Nikita Mazepin and his oligarch father. read more »

Mick Schumacher's huge crash during qualifying for the Saudi Arabian Grand Prix could end up costing the Haas Formula 1 team up to $1 million.  read more »

Mick Schumacher's crash at the Saudi Arabian Grand Prix could have cost Haas a million dollars to rebuild the car. read more »

Mick Schumacher's crash in last weekend's Saudi Arabian Grand Prix qualifying could be a $1 million hit for Haas, according to team boss Guenther Steiner. read more »

Schumacher had been bidding for a spot in Q3 at Jeddah when he lost control of his VF-22 at the exit of Turn 10 - with the car spinning around and smashing into the concrete... read more »

With teams braced for a major development war as they bid to improve their new 2022 challengers, they are having to carefully judge their spending so they do not bust the $140... read more »

Mercedes chief technical officer James Allison has conceded its car is "falling short" in terms of its competitiveness as it continues to answer "the... read more »

The FIA and FIA Foundation has made a "€1 million contribution" to support the refugees fleeing Ukraine as the Russian invasion continues. read more »

F1's top teams have already had to cut back on spending this year with the budget cap limit reduced by $5 million to $140 million.But their finances are facing extra... read more »

Ferrari have announced that they will donate one million Euros to support the Ukrainians in need after the Italian car manufacturer also revealed that it has stopped building... read more »

Ferrari has announced it has donated €1 million to Ukraine in response to the war with Russia. read more »

There has been a boom in involvement of crypto sponsors in F1 over recent years, with the vast majority of the grid now sponsored by digital currency companies.Most recently,... read more »

Michael Schumacher produced the drive of his life at the 1998 Hungarian Grand Prix and the car he drove has gone up for sale. read more »

Max Verstappen has signed a multi-year extension with Red Bull Racing, which is believed to be worth £40 million per year, according to various reports. Sky Sports reports that... read more »

The respected newspaper De Telegraaf, which has close links to the Verstappen camp, suggested that the Dutch driver is ready to commit to a fresh deal that could be worth up to... read more »

Max Verstappen has signed a lucrative new contract to stay at Red Bull beyond 2023, reported to be worth £40 million a year. read more »

Formula One's Swiss-Italian outfit Alfa Romeo F1 Team ORLEN has confirmed DRF Bets as the team's online and mobile wagering platform partner. DRF Bets is part of... read more »

Formula 1 saw its profits recover in 2021 following a difficult 2020 season, where it posted a $386 million loss because of the coronavirus pandemic. Last year saw the... read more »

Formula 1 has reported a rise in TV audience figures over the 2021 season, with 108 million viewers tuning in to watch the Abu Dhabi championship showdown.  read more »

Press release from F1 states that 108.7 million viewers watched last year's season finale in Abu Dhabi... which is around 108 million more than will watch this year unless... read more »

In the latest Formula 1 gossip column, Red Bull has signed a multi-year partnership with cryptocurrency exchange Bybit, reportedly worth $150 million, while Jenson Button has... read more »

Nicholas Latifi has revealed he hired a security detail in the aftermath of the Abu Dhabi Grand Prix last year to protect against a "one-in-a-million" fan with... read more »

The Red Bull Formula One team has secured a new title sponsorship worth around $500 million with technology firm Oracle, placing it among the most lucrative commercial deals in... read more »

As part of F1's push to level the playing field, it has imposed a cost cap limit on spending - forcing teams to think smarter in the quest for victory rather than simply... read more »

F1 has embraced a cost cap to level things up between teams, with the spending cap for 2022 being trimmed back from the $145 million that teams had to play with last year.While... read more »