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Latest F1 news about: Financial

1

"Bandwagon" F1 teams prompted collapse of Williams capex push, says Wolff

over 2 years ago

from: Autosport.com

( 848 views )

Williams team boss James Vowles has been seeking greater capital expenditure freedom for his squad, after discovering that its facilities are well down compared to many... read more »

35

F1 suffers financial loss with revenue impacted by disaster

over 2 years ago

from: GPfans.com

( 808 views )

Formula 1's revenue for the second quarter fell to $141m (£110m), with their funds impacted by the cancellation of the Emilia Romagna Grand Prix. read more »

35

'insane' Las Vegas GP costs have soared as race moves closer

over 2 years ago

from: GPfans.com

( 876 views )

Liberty Media have admitted the Las Vegas Grand Prix has been affected by rising costs - but the company are confident the event will still be a financial success. read more »

6

Financial: Liberty Media announce their latest financial report

over 2 years ago

from: F1Technical.net

( 744 views )

The cancellation of the Emilia Romagna Grand Prix meant that the sport has recorded a minus sign in the revenue and earnings columns in the second quarter of 2023 according to... read more »

5

F1's second quarter finances suffer following Imola cancellation

over 2 years ago

from: Pitpass.com

( 779 views )

The cancellation of the Emilia Romagna due to local flooding has impacted the sport's financial results for the second quarter of 2023. read more »

6

How does FIA monitor the controversial cost cap?

over 2 years ago

from: F1Technical.net

( 612 views )

Since 2021, Formula 1 teams are running under a cost cap to keep control of their spending. The sport introduced the financial ceiling to move the field closer and give the... read more »

30

Horner: Red Bull were 'several million' below cost cap last year

over 2 years ago

from: SkySports.com/F1

( 657 views )

Christian Horner has revealed Red Bull were "several million" below the F1 cost cap in 2022, amid ongoing fieldwork from the FIA into last year's financial... read more »

1

F1 infrastructure debate ramps up as teams seek to level playing field

over 2 years ago

from: Autosport.com

( 702 views )

The subject of extra 'capex' headroom within the FIA financial regulations has emerged in recent months as a way of attempting to level the playing field, and thus... read more »

9

Russell's F1 cost cap concern: "If it's a second-time offender..."

over 2 years ago

from: Crash.Net

( 678 views )

George Russell has called on the FIA to hand out harsher penalties to "second-time offenders" amid speculation that three F1 teams have fallen foul of the financial... read more »

5

How the FIA is managing F1's financial regulations in 2023

over 2 years ago

from: Pitpass.com

( 712 views )

The FIA's Single-Seater Financial Regulations Director (F1-FE), Federico Lodi explains how increased capacity within the FIA is helping to reduce timescales, ensure... read more »

15

Domenicali: Teams that break F1 cost cap should face sporting sanctions

over 2 years ago

from: MotorSportWeek.com

( 583 views )

Stefano Domenicali believes Formula 1 teams that are caught breaking the championship’s cost cap rules should face sporting sanctions rather than financial penalties. Latst... read more »

3

F1 calls for sporting sanctions for budget cap breaches over financial penalties

over 2 years ago

from: EspnF1.com

( 722 views )

Formula One boss Stefano Domenicali has called on the sport's governing body the FIA to hand out sporting sanctions, not financial penalties, to any team that breached the... read more »

30

Hamilton confirms key Mercedes contract extension terms agreed

over 2 years ago

from: SkySports.com/F1

( 620 views )

Lewis Hamilton says he has agreed the financial terms and length of a contract extension with Mercedes and remains adamant the deal will be confirmed long before the end of the... read more »

1

The NFL and Hollywood lessons that Alpine's US investors bring to F1

over 2 years ago

from: Autosport.com

( 886 views )

It also reflects an intriguing move by Renault to boost the profile of its sportscar brand and eventually generate more income around the F1 project, helped by the involvement... read more »

1

Vowles: F1 cost cap changes on infrastructure investment coming in July

over 2 years ago

from: Autosport.com

( 788 views )

F1's new financial rules have been hailed as a success at reining in spend by bigger teams since they were introduced in 2021, but problems have since emerged - including... read more »

1

How Montreal has ridden North America's F1 wave

over 2 years ago

from: Autosport.com

( 995 views )

In fact, this year marks the 45th anniversary of the first race in Montreal, famously also the maiden victory of local hero Gilles Villeneuve.The circuit that was later renamed... read more »

1

Why Honda made a U-turn over its F1 quit plans

over 2 years ago

from: Autosport.com

( 544 views )

Honda's previous management decided not to renew its Red Bull deal that expired at the end of 2021, right when Red Bull and Honda were starting to harvest the fruits of... read more »

35

Miami Grand Prix: Why Stefano Domenicali revelation means big dilemma for F1's future

over 2 years ago

from: GPfans.com

( 829 views )

Practice, press conferences, and partner events with the Wall Street Journal to discuss financial growth and business plans. The three staples of the build-up to any Formula 1... read more »

35

Revenue report: F1 growth slows as team payments increase

over 2 years ago

from: GPfans.com

( 460 views )

Liberty Media has reported slowed growth in F1 revenue in its Q1 financial report. read more »

1

Williams F1 team hires new commercial boss

over 2 years ago

from: Autosport.com

( 796 views )

Asencio will head up the team's commercial and marketing operations from New York, starting on 10 April, as the squad looks to grow its financial activities following the... read more »

9

F1 budget cap Mercedes' 'enemy'? Wolff rules out all-new chassis design in 2023

over 2 years ago

from: Crash.Net

( 507 views )

Toto Wolff has admitted Mercedes' route towards a new car concept will be limited by F1's financial regulations meaning they will be unable to introduce a new chassis... read more »

1

How Liberty is "playing long game" to help F1 teams make money

over 2 years ago

from: Autosport.com

( 926 views )

On Wednesday F1 announced increased revenue and profits for 2022, as well as a record overall payment of over $1.1 billion split between the 10 teams.In the early years of... read more »

35

F1 boasts $437m revenue increase amid continued popularity boom

over 2 years ago

from: GPfans.com

( 823 views )

Liberty Media has revealed a $437million F1 revenue increase in 2022 after posting its end-of-year financial report. read more »

1

Red Bull aero penalty will "hurt", but not too much, say F1 rivals

over 2 years ago

from: Autosport.com

( 879 views )

The Milton Keynes-based squad was handed a $7 million fine and a 10% reduction in its aero development allowance as the result of being found to have overspent on its way to... read more »

35

F1 Budget Cap explained: How much is it, and how does it work?

over 2 years ago

from: GPfans.com

( 806 views )

F1's budget cap has been vital in securing financial stability for teams in the sport since being introduced for the 2021 season. read more »