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Latest F1 news about: Financial

15

Brown reckons F1 teams worth 'well north' of £1 billion

4 days 18 hours ago

from: MotorSportWeek.com

( 269 views )

McLaren Chief Executive Officer Zak Brown claims that all 10 teams on the 2024 Formula 1 grid are “well north” of a £1 billion valuation. Brown gave this and other insights... read more »

35

Bahrain's Mumtalakat seeks exit: McLaren up for sale after mounting losses

5 days 16 hours ago

from: GPfans.com

( 277 views )

After years of financial struggles, Bahrain's Mumtalakat is looking to sell its stake in the iconic British car manufacturer McLaren. read more »

1

Five times new Formula 1 cars delivered shocks

about 1 month ago

from: Autosport.com

( 264 views )

The double diffuser Brawn BGP 001 2009 double diffuser detail viewPhoto by: Giorgio PiolaFirstly, let's wind it back to 2009, a turbulent period which had seen Honda quit... read more »

15

F1 budget cap poses question over Newey’s Red Bull future

about 1 month ago

from: MotorSportWeek.com

( 311 views )

Red Bull is reportedly considering a shift in focus for Chief Technical Officer Adrian Newey amid the financial constraints imposed by Formula 1’s budget cap. In an attempt to... read more »

9

New Norris deal may exceed $15m as "one hundred million" transfer worth touted

2 months ago

from: Crash.Net

( 295 views )

McLaren insist they have the financial firepower to pay Lando Norris the type of big-money deal to keep him long-term. read more »

1

Prazer takes commercial reins at F1 in new role

2 months ago

from: Autosport.com

( 391 views )

Prazer also holds a similar title for the F1-run Las Vegas GP, having been a key player in the development of the street event ahead of last year's inaugural race.She will... read more »

15

Sauber to add more F1 recruits ahead of 2026 Audi takeover

3 months ago

from: MotorSportWeek.com

( 475 views )

Sauber Team Representative Alessandro Alunni Bravi has stated the team will continue to add Formula 1 personnel ahead of the planned Audi takeover in 2026. Following BMW’s sale... read more »

15

Alonso wished he’d worked with ‘legend of the sport’ Newey

3 months ago

from: MotorSportWeek.com

( 338 views )

Fernando Alonso has expressed regret that he’s never had the chance to work with Formula 1 design maestro Adrian Newey, who he describes as a “legend of the sport”. Newey, who... read more »

1

F1's cost cap makes fightbacks more "painful", says FIA

3 months ago

from: Autosport.com

( 406 views )

Since 2021, F1 teams have had to operate under a budget cap limit which was introduced to put grand prix racing on a more stable financial platform.The evidence of the past few... read more »

1

Sauber recruitment drive will continue ahead of Audi F1 entry

3 months ago

from: Autosport.com

( 355 views )

After a financial squeeze led to downsizing, the team employed just 220 people prior to the takeover by Finn Rausing in 2017.With new investment in place, the team grew in... read more »

15

FIA reiterates claims of financial deficit amid Todt comments

3 months ago

from: MotorSportWeek.com

( 479 views )

The FIA has reiterated its stance on the governing body’s financial situation after former President Jean Todt dismissed claims of a monetary deficit. Todt was adamant in his... read more »

15

Todt responds to Ben Sulayem’s claims of FIA financial deficit

3 months ago

from: MotorSportWeek.com

( 278 views )

Former FIA President Jean Todt has responded to claims made by current President Mohammed Ben Sulayem that he left the FIA with a financial deficit at the end of his tenure.... read more »

1

FIA opens up on "unsustainable" financial deficit it has been fighting to cut

3 months ago

from: Autosport.com

( 337 views )

Todt spoke to L'Equipe this week and took aim at comments from current president Mohammed Ben Sulayem, who has repeatedly said he inherited a tricky financial deficit when... read more »

1

Todt hits back at Ben Sulayem's criticisms of his FIA leadership

3 months ago

from: Autosport.com

( 749 views )

Ben Sulayem took over from Todt at the end of 2021, and has pointed out several times that one of the biggest headaches he has had to deal with was a deficit that he inherited... read more »

6

New cooling scoop, modified schedule and tweaked floor - FIA confirms rule changes

3 months ago

from: F1Technical.net

( 488 views )

Following the season-closing Abu Dhabi Grand Prix, Formula One's governing body, the FIA have confirmed tweaks to the Sporting, Technical and Financial Regulation for the... read more »

35

Brad Pitt F1 film reportedly facing major $20million issue

4 months ago

from: GPfans.com

( 477 views )

The new Formula 1 based film is reportedly facing financial issues after allegedly spending $20 million on creating replica F1 cars, despite having the actual cars available to... read more »

1

Ferrari to have "private discussion" over Sainz Vegas F1 damage compensation

4 months ago

from: Autosport.com

( 680 views )

Sainz ran over a metal water valve cover that had come loose and destroyed the chassis, power unit and energy store of his SF-23.A precedent for compensation was set after an... read more »

1

Aston Martin F1 team sells stake to private equity firm at $1billion valuation

4 months ago

from: Autosport.com

( 412 views )

While exact figures have not been disclosed, Aston Martin has reported on the eve of the inaugural Las Vegas Grand Prix that Arctos Partners has acquired a "minority... read more »

15

F1 boasts 24 per cent third quarter revenue boost

4 months ago

from: MotorSportWeek.com

( 215 views )

Formula 1 has seen a 24 per cent year-over-year increase in revenue, to the tune of $887 million in the third quarter of 2023. A series of factors impacting the three-month... read more »

1

What's the real prize money impact for F1 teams if Andretti joins the grid

5 months ago

from: Autosport.com

( 382 views )

On one side of the debate is the FIA, which is pushing hard to expand the grid beyond the current 10 teams as it sees nothing but positives from the arrival of the... read more »

1

American Express lands partner role for F1 and Las Vegas GP

5 months ago

from: Autosport.com

( 315 views )

In addition to the special focus on Las Vegas, the multi-year deal covers the Austin, Miami, Montreal, Mexico City and Interlagos events. Amex will also be a supporter of the... read more »

1

Mercedes F1 team earned £474m in 2022

5 months ago

from: Autosport.com

( 287 views )

In essence, the figures represent increased revenue from sponsorship and the F1 prize fund, and are solid proof of how successful top teams can be in the sport's current... read more »

1

AlphaTauri: No budget for $20m extra CapEx F1 allowance

5 months ago

from: Autosport.com

( 453 views )

The FIA has granted all F1 teams an extra allowance with which to improve the infrastructure of their factories.The top teams can spend an extra $6m, the middle-ranking outfits... read more »

1

Bottom four F1 teams land $20m CapEx boost

5 months ago

from: Autosport.com

( 246 views )

The other teams have also been given smaller extra spending limits in an effort to reach a consensus for an agreement. CapEx became a talking point this season as the FIA... read more »

1

What's next for Andretti's F1 entry - and could it fall at the final hurdle?

6 months ago

from: Autosport.com

( 300 views )

This may yet be the most difficult challenge yet for Andretti; although it has proven to the FIA that it has merit on sporting, technical, and financial grounds, thrashing out... read more »