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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

Existing teams could stand to lose $11 million per year in prize money if Andretti are successful in their bid to enter F1. read more »

The Aston Martin Formula 1 team faced a substantial financial challenge in the 2022 season, reporting a loss of £53 million. read more »

New Williams team boss James Vowles has passionately sought to give the team a way to catch up on its ageing Grove base's facilities.Under F1's financial rules teams... read more »

Alfa Romeo driver Zhou Guanyu has insisted that he has 'personal sponsors' as he rejected claims that financial reasons were to blame for a lack of confirmation... read more »

Despite Zhou being the first full-time Chinese F1 racer, there has been speculation he does not come with major financial banking to incentivise Alfa Romeo to agree new... read more »

The FIA Cost Cap Administration has confirmed that all ten teams on the Formula 1 grid were compliant with the financial regulation for the 2022 season. The cost cap, which... read more »

Each team will receive a certificate of compliance for meeting the cap between 1 January 2022 and 31 December 2022, which stands at a base of $135 million plus extras.This... read more »

Haas has this week announced that it will retain driver duo Nico Hulkenberg and Kevin Magnussen for 2024.Team principal Guenther Steiner praised their experience, with Haas... read more »

The introduction of the cost cap for the 2021 season intended to close up the competition between F1 teams, by reducing the effect of the top teams' financial... read more »

Ferrari boss Frederic Vasseur has described Red Bull's penalty for breaching F1's financial regulations in 2021 as "a big joke". read more »

Despite financial restrictions with the F1 cost cap, Aston Martin still have scope to develop their 2023 package amid a mid-season drop in performance. read more »

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 »

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 »

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 »

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 »

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 »