Confirmation that Sebastian Vettel is leaving Ferrari at the end of this season has cost Formula 1 $90 million. read more »

Ferrari has confirmed that it is evaluating its motorsport future which could include expanding into the NTT IndyCar Series. With an impending cost cap of $145 million set to... read more »

Lewis Hamilton has added another record to his already endless list with the title of Britiain’s all-time richest sportsman. The six-time Formula 1 World Champion saw his... read more »

Formula 1's Commercial Rights Holder Libery Media has confirmed its commitment to the sport despite the fact that its revenues declined by $200 million in the first... read more »

Formula One's income between January and March plummeted from $246 million in 2019 to just $39 million this year, a drop of 84 percent, figures released by championship... read more »

Liberty Media have revealed that Formula 1 lost over $200 million of revenue in the first financial quarter of 2020. read more »

Claire Williams believes the introduction of a $145million budget cap for Formula 1 is an important step in ensuring "that our businesses are sustainable going into the... read more »

Ferrari's CEO Louis Camilleri says the lack of Formula 1 action in 2020 has had a "big hit" on its financial situation, as the manufacturer revealed its Q1... read more »

A greatly reduced budget cap for the 2021 season has been agreed upon according to Formula 1’s Ross Brawn. F1 bosses had initially agreed on a $175 million budget cap, but with... read more »

Formula One has agreed a $145 million budget cap for teams next year and will continue to try and tighten that for future seasons, managing director Ross Brawn said on Monday. read more »

Ross Brawn has confirmed that a $145 million budget cap for 2021 is close to being agreed by Formula 1 teams. read more »

The incoming budget cap will be set at $145 million according to Ross Brawn, a reduction on the original figure of $175 million read more »

Multi-million pound fundraiser, all-round legend and big F1 fan Captain Tom Moore reckons Lewis Hamilton is definitely odds-on to match Michael Schumacher's seven titles read more »

Having struggled all too often to find money, team boss Otmar Szafnauer believes Racing Point would excel if with a $100 million cap. read more »

Ferrari team principal Mattia Binotto has warned that the manufacturer will have to consider whether to remain in Formula 1 or not if the $145 million budget cap were to... read more »

Ferrari has threatened to quit Formula 1 if the sport lowers the agreed upon budget cap to less than $150 million. read more »

AlphaTauri Team Principal reveals that every missed race costs the team around one and a falf to two million euros. read more »

Mercedes team principal Toto Wolff has purchased a £37 million stake in the Aston Martin brand. read more »

Mercedes Formula 1 team boss Toto Wolff has bought a £37 million stake in British sportscar company Aston Martin, though he remains fully committed to his role at Mercedes. The... read more »

Formula 1 chiefs should "shake down" the sport's financial model and slash the budget cap to $75 million amid the uncertainty caused by coronavirus, reckons FE... read more »

The situation in F1 will become "very critical" if the sport doesn't get underway in July, says AlphaTauri team boss Franz Tost. read more »

Former McLaren boss Ron Dennis has explained his new scheme to provide one million meals to frontline NHS workers in the fight against the coronavirus read more »

Former McLaren boss Ron Dennis has created a scheme to supply a million free meals to NHS workers during the coronavirus crisis. read more »

Ex-McLaren chief Ron Dennis has set up a new initiative to deliver one million free meals to NHS workers throughout the UK over the next three months. Dennis, who led McLaren’s... read more »

Former McLaren boss Ron Dennis has donated £1 million to help frontline National Health Service (NHS) workers during the coronavirus pandemic. read more »