Bernie Ecclestone has admitted that he paid German banker Gerhard Gribkowsky $44 million in 2005, but not as a bribe, as has been alleged by prosecutors in Munich, but because... read more »

Jul.20 (GMM) German prosecutors have formally named 'Bernard E' as the alleged source of an almost $50 million bribe paid to jailed banker Gerhard Gribkowsky. The... read more »

The United Kingdom’s government and public should not take motorsport for granted. Those are the feelings of Williams F1 Chairman Adam Parr, who points out that the... read more »

Taxpayers in Texas could no longer be obliged to fund the returning Unites States Grand Prix, with a new four-million dollar (£2.5m) deal having been proposed between... read more »

Fernando Alonso has been labelled the world’s third-richest international athlete, on an estimated salary of 45 million dollars (£28m). That is according to... read more »

Mike Coughlan, the engineer involved in the infamous ‘Spygate’ espionage scandal of 2007, has gone on record apologising for his actions. Then working for... read more »

The British Racing Drivers' Club's latest financial results show that Silverstone made a before tax loss of £1.9 million in 2010, but circuit officials insist there... read more »

Formula 1’s overall revenue is set to double in size, reaching an estimated 3.3 billion dollars (£2.0bn) by 2016, according to a recent study by the annual Formula Money... read more »

Fernando Alonso has revealed that he is no longer a resident of tax-free Switzerland, having elected to migrate back to homeland Spain. It is believed the move will cost the... read more »

Officials at Austin’s Circuit of the Americas insist that the returning United States Grand Prix will be profitable, as the event comes back to Formula 1 with a brand-new... read more »

After one million and one denials that he could return to F1, Kimi Raikkonen now says maybe he's not done with the sport... read more »

An investigation conducted by the Formula Money report states that Formula 1 enjoyed net 2010 profits of 131.1 million dollars (£85m), despite paying teams an estimated $658m.... read more »

Formula One enjoyed massive net profits of £85 million ($137m) in 2010 following a great year of racing which looks set to continue in 2011. The read more »

Silverstone is to unveil its new multi-million pound pits and paddock complex, two months ahead of its flagship event, the British Grand Prix, on 10 July. read more »

Motor racing personalities are seven of the eleven richest people in Britain’s current sporting world, according to the recently published Sport Rich List by The Sunday Times.... read more »

Williams Grand Prix Holding's profits increased by 28% to £5.4 million in the year ended December 31 2010, its latest results have revealed read more »

Williams have announced their 2010 financial results following their flotation of the Frankfurt stock market. The outfit made a healthy pre-tax profit of £7.7 million, up read more »

Bernie Ecclestone has said that he is deciding whether or not to sell his stake of the Queens Park Rangers football club for around 100 million pounds. The head of the Formula... read more »

Bernie Ecclestone's west London football team Queens Park Rangers is on the verge of being promoted to the Premiership and as Pitpass' business editor Chris Sylt... read more »

The Turkish Grand Prix will be dropped from the FIA Formula One World Championship calendar next season, it is being reported. According to the Turkish media the event at... read more »

BBC Sport has confirmed that Bernie Ecclestone, head of the Formula One Group, has been questioned in relation to the ongoing bribery scandal. The situation involves alleged... read more »

It has been revealed that the future home of the United States Grand Prix has lost government backing of 25 million dollars (15.4 million pounds). As reported by Austin’s NXAN,... read more »

The venue for the 2012 US Grand Prix at Austin was dealt a potential blow after the Texas State Senate's finance committee voted 10-4 to pull a $25 million package read more »

Bernie Ecclestone has met a state prosecutor in Germany investigating alleged payments of $50 million to a German banker during the sale of Formula One's commercial rights... read more »

Formula 1 supremo Bernie Ecclestone has been questioned by state prosecutors in Germany as part of an ongoing investigation about alleged payments of $50 million (USD) to a... read more »