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Latest F1 news about: Million

15

The era of ‘big teams’ dominating Formula 1 is over - Racing Point

3 days 18 hours ago

from: MotorSportWeek.com

( 129 views )

Racing Point Technical Director Andrew Green has likened the ‘big three’ Formula 1 teams to dinosaurs, saying they will need to adapt to a new world if they’re to survive.... read more »

2

‘F1 budget cap battle was complete rubbish’

6 days 21 hours ago

from: PlanetF1.com

( 153 views )

Arguing for weeks over $5 million, Bernie Ecclestone feels F1's budget cap battle has been "complete rubbish". read more »

29

Williams considering F1 team sale after £13 million loss

6 days 23 hours ago

from: TheCheckeredFlag.co.uk

( 112 views )

Williams Racing have revealed they have has a £13 million loss in 2019, which has resulted in them considering the sale of the team. read more »

9

McLaren Group reveals COVID-19 hit in Q1 figures

7 days 19 hours ago

from: Crash.Net

( 136 views )

The McLaren Group - including the F1 team - has suffered a £175 million drop in revenue through the first quarter of 2020.  read more »

3

McLaren Group Q1 figures reveal impact of Covid-19 hit

7 days 20 hours ago

from: EspnF1.com

( 145 views )

Formula One team owners McLaren saw group revenues reverse from £284 million ($348.13 million) to £109 million in the first quarter of 2020 due to the COVID-19 pandemic,... read more »

2

Teams agree new budget cap and cost-cutting deal

13 days 32 minutes ago

from: PlanetF1.com

( 148 views )

Formula 1 teams have agreed to reduce the upcoming budget cap to $145 million (119 million pounds) for 2021, according to the BBC. read more »

35

Teams officially agree to a reduced cost cap for 2021

13 days 1 hour ago

from: GPfans.com

( 145 views )

A cost-cutting package for the 2021 season has been agreed upon by Formula 1 teams, the package including a reduced $145 million cost cap. read more »

3

Ferrari considering IndyCar entry after F1 budget cap plans

20 days 19 hours ago

from: EspnF1.com

( 251 views )

Ferrari is considering entering IndyCar in 2022 as it reacts to Formula One's plans to introduce a $145 million budget cap. read more »

35

McLaren to mortgage historic cars

20 days 20 hours ago

from: GPfans.com

( 168 views )

McLaren are poised to mortgage their historic Formula 1 cars alongside the McLaren Technology Centre in a bid to raise £275 million to survive to Covid-19 pandemic. read more »

35

Vettel's Ferrari departure triggers $90million F1 loss on stock exchange

20 days 21 hours ago

from: GPfans.com

( 294 views )

Formula 1 suffered a $90 million hit to its share price this week as news emerged that Ferrari and Sebastian Vettel were to part ways, reports suggest. read more »

15

McLaren looking to raise £275m by mortgaging classic cars and factory

20 days 23 hours ago

from: MotorSportWeek.com

( 174 views )

The McLaren Group is reportedly looking to raise up to £275 million by mortgaging its classic car collection and impressive Surrey factory complex. The Formula 1 team and... read more »

2

Vettel’s Ferrari exit cost F1 ‘$90m’

21 days 2 hours ago

from: PlanetF1.com

( 269 views )

Confirmation that Sebastian Vettel is leaving Ferrari at the end of this season has cost Formula 1 $90 million. read more »

15

Ferrari confirms it is evaluating IndyCar entry for 2022

21 days 12 hours ago

from: MotorSportWeek.com

( 201 views )

Ferrari has confirmed that it is evaluating its motorsport future which could include expanding into the NTT IndyCar Series. With an impending cost cap of $145 million set to... read more »

15

Hamilton crowned Britain’s richest sportsman of all-time

22 days 26 minutes ago

from: MotorSportWeek.com

( 164 views )

Lewis Hamilton has added another record to his already endless list with the title of Britiain’s all-time richest sportsman. The six-time Formula 1 World Champion saw his... read more »

6

Formula 1 revenues slump by $200 million

23 days 19 hours ago

from: F1Technical.net

( 177 views )

Formula 1's Commercial Rights Holder Libery Media has confirmed its commitment to the sport despite the fact that its revenues declined by $200 million in the first... read more »

3

F1 hit by 84% drop in revenue from coronavirus pandemic

28 days 18 hours ago

from: EspnF1.com

( 201 views )

Formula One's income between January and March plummeted from $246 million in 2019 to just $39 million this year, a drop of 84 percent, figures released by championship... read more »

35

Formula 1 hit by $200m loss of revenue

28 days 18 hours ago

from: GPfans.com

( 201 views )

Liberty Media have revealed that Formula 1 lost over $200 million of revenue in the first financial quarter of 2020. read more »

35

Williams: $145 million budget cap a 'middle ground'

28 days 21 hours ago

from: GPfans.com

( 231 views )

Claire Williams believes the introduction of a $145million budget cap for Formula 1 is an important step in ensuring "that our businesses are sustainable going into the... read more »

15

Lost F1 income a ‘big hit’, says Ferrari, as production restarts

about 1 month ago

from: MotorSportWeek.com

( 210 views )

Ferrari's CEO Louis Camilleri says the lack of Formula 1 action in 2020 has had a "big hit" on its financial situation, as the manufacturer revealed its Q1... read more »

15

Brawn: Budget cap of $145m agreed for 2021

about 1 month ago

from: MotorSportWeek.com

( 172 views )

A greatly reduced budget cap for the 2021 season has been agreed upon according to Formula 1’s Ross Brawn. F1 bosses had initially agreed on a $175 million budget cap, but with... read more »

3

F1 set to introduce $145m budget cap

about 1 month ago

from: EspnF1.com

( 244 views )

Formula One has agreed a $145 million budget cap for teams next year and will continue to try and tighten that for future seasons, managing director Ross Brawn said on Monday. read more »

35

$145m budget cap for Formula 1 in 2021

about 1 month ago

from: GPfans.com

( 200 views )

Ross Brawn has confirmed that a $145 million budget cap for 2021 is close to being agreed by Formula 1 teams. read more »

9

F1 teams agree to slash budget cap to $145 million from 2021

about 1 month ago

from: Crash.Net

( 206 views )

The incoming budget cap will be set at $145 million according to Ross Brawn, a reduction on the original figure of $175 million read more »

9

Captain Tom Moore tips 'young man' Lewis Hamilton for seventh F1 title

about 1 month ago

from: Crash.Net

( 304 views )

Multi-million pound fundraiser, all-round legend and big F1 fan Captain Tom Moore reckons Lewis Hamilton is definitely odds-on to match Michael Schumacher's seven titles read more »

2

Racing Point would be the ‘best’ with a $100m cap

about 1 month ago

from: PlanetF1.com

( 172 views )

Having struggled all too often to find money, team boss Otmar Szafnauer believes Racing Point would excel if with a $100 million cap. read more »