Formula 1 has posted a record loss of $386 million as a result of the COVID-19 pandemic, which had a major impact on the 2020 F1 season and therefore the sport’s finances. F1’s... read more »

Alfa Romeo team principal Fred Vasseur believes Formula 1's smaller teams will hold a small advantage within the new budget cap as they are accustomed to working with... read more »

Pedro Piquet, son of three-time Formula 1 World Champion Nelson, says he is no longer willing to fund a seat in feeder series, confirming that he will not stay in Formula 2... read more »

The global pandemic has had a huge impact on Formula 1's finances with the sport recording a $104m loss in the third quarter of 2020. read more »

Haas team boss Guenther Steiner declined to name candidates for the squad's vacant 2021 Formula 1 seats in the wake of ousting both of its current drivers but suggested... read more »

McLaren CEO Zak Brown has revealed the enforced shutdown of the team's F1 operation earlier this year due to the global health pandemic significantly helped their finances. read more »

Gunther Steiner thinks it would have been "almost impossible" for team owner Gene Haas to have stayed in Formula 1 unless there had been a shake-up of the... read more »

Toto Wolff says he won't comment on the financial side of Lewis Hamilton's contract renewal, but says the Brit understand the "world has changed a lot". read more »

Ferrari CEO Louis Camilleri has confirmed that the Formula 1 team will suffer a drop in its revenues totaling "high tens of millions" this year. read more »

Zak Brown has revealed McLaren are "financially healthy" again, despite having had to take a loan from Bahrain's National Bank in June. read more »

Daniel Ricciardo is standing by his decision to switch from Renault to McLaren next year despite his new team struggling for finances as a result of the coronavirus pandemic. read more »

McLaren team principal, Zak Brown, has said there was never any fear that the Formula 1 team would completely collapse due to finances. read more »

The McLaren Group looks set to arrange a loan from the National Bank of Bahrain as it seeks the finances with to address an urgent cash shortfall read more »

Williams has welcomed the sliding scales being introduced to Formula 1 from 2021 relating to aerodynamics and finances. read more »

Racing Point had long been wanting to switch to the Mercedes aerodynamic philosophy but wasn't able to do so because of finances. read more »

Ferrari CEO Louis Camilleri says F1's "drastic" loss of revenue amid the coronavirus crisis is hurting its finances in "the harshest manner". read more »

Ferrari CEO Louis Camilleri has confirmed that without Formula 1 the company is taking "a big hit" to its finances. read more »

Kevin Magnussen has said he will no longer be in Formula 1 if teams are forced to take on more pay drivers to help with finances. Although Formula 1 has released a revised plan... read more »

Gunther Steiner said on the Sky F1 Vodcast that he believes Haas are "here to stay" in Formula 1 - despite fears over finances and Gene Haas' recent admission... read more »

Williams deputy team principal Claire Williams fears that a series of cancelled races could impact the financial situation of the Grove team read more »

Williams have posted a loss in the first half of 2019 as their continued poor form begins to be reflected in their financial records. read more »

UK Court orders Haas F1 sponsor Rich Energy to disclose finances read more »

Haas F1 title sponsor Rich Energy has been ordered to provide full details about its finances after being denied the chance to appeal its court case defeat.  read more »

Ferrari will have a bigger budget in Formula 1 for 2019 as it continues to chase its first world championship since 2008. Scott Mitchell and Edd Straw join Glenn Freeman to... read more »

Racing Point team principal Otmar Szafnauer insists that the team must keep the "efficiency" from its Force India days despite boosted finances. read more »