A terrifying lap one crash has caused Red Bull to lose at least £2m after the Monaco Grand Prix. read more »

Fred Vasseur has revealed that Ferrari are still working to be compensated for the incident which destroyed Carlos Sainz's car at the Las Vegas Grand Prix. read more »

Max Verstappen broke numerous records in the 2023 Formula 1 season, surpassing his own point tally milestone. However, the weight of his remarkable achievements comes with a... read more »

The Alpine Formula 1 team has revealed a substantial profit for its 2022 operations, aided by the arrival of title sponsor BWT and a fourth-place finish in the championship. As... read more »

Michael Schumacher’s 2003 Formula 1 World Championship-winning Ferrari car has sold for a record price at auction. The car is now the most valuable F1 car in modern history... read more »

A new chassis? A title-changing new floor, perhaps? This is how much fundamental upgrades cost an F1 team in the wake of the cost cap row. read more »

Pierre Gasly's contract details have been revealed in a French report ahead of his switch to the Alpine Formula 1 team in 2023. According to Sportune.fr, Gasly will take... read more »

Pierre Gasly will reportedly pocket an estimated €15 million (£13.2m) when he moves to Alpine next season. read more »

F1's financial regulations installed a team cost cap in 2021 which has been lowered and set at $140m for 2022, with $1.2m added for having more than 21 races per season... read more »

F1's gliding budget cap was set at $140m for 2022, with $1.2m added for having more than 21 races and as an extra allowance for sprint race costs.After long discussions... read more »

At Friday morning's meeting of the F1 Commission it was decided to add a 3.1% inflation allowance to the original cost cap figure.Teams had been working to the basic total... read more »

The F1 Commission will meet in Austria with the cost cap and the FIA porpoising technical directive among the key items on the agenda for what is expected to be a heated... read more »

The Woking-based team is one of several F1 squads that looks set to breach this year's $141.2m cost cap limit ($1.2m added to the original $140m cost cap due to a 22nd... read more »

Several top teams have indicated that staying within the cap will be impossible as a result of inflation and rising freight costs, with Red Bull's Christian Horner... read more »

The matter has polarised the teams, with Alpine and Alfa Romeo the most vocal in attempting to ensure that there is no change to the headline 2022 figure of $140m, plus an... read more »

Sergio Perez has been successful in court against one of his former sponsors, with the reward being a £2million windfall. read more »

Formula 1 teams will benefit to the tune of $1.2m under the budget-cap rules due to the cancellation of the Japanese Grand Prix. read more »

The number represents a slight drop relative to the £333.2m it spent in 2019, reflecting both a shorter race calendar and a general move by the sport to reduce costs.Although... read more »

As expected, the pandemic has seen F1's revenue crash alarmingly, Q2 witnessing a drop from $620m (£470m) in 2019 to just $24m (£18.2m) this year. read more »

The FIA's #RaceAgainstCovid auction has raised almost €2m with all proceeds to be donated to the International Red Cross and Red Crescent Societies. The online-only... read more »

Viewing figures of Formula One in 2019 show a loss of 19.2million viewers from the previous year as the sport continues to embrace pay TV deals and move away from regular... read more »

The Abu Dhabi Grand Prix will host an auction of some truly incredible cars, including three F1 racers and two driven by Michael Schumacher. read more »

As its costs increase to a record £304.2m, Red Bull warns that F1 must continue to remain attractive if it is to continue in the sport. read more »

Seen as the way forward for the sport under its new ownership, F1's digital and social media division posts a £1.6m ($2m) loss. read more »

Toro Rosso spent more than €2million because of a number of heavy crashes its drivers suffered during the 2018 Formula 1 season read more »