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 »

McLaren Racing reported a £71.4 million ($98.9m) loss for the 2019 financial year, which was £13m ($18m) less than the £84.4m ($117m) loss is posted in 2018. The team saws its... read more »

Despite the fact that 2020 had four fewer races than 2019, F1 reports an average audience per race in 2020 of 87.4 million, marginally down on 2019. read more »

Formula 1's TV audience suffered a slight dip in 2020, a trait organisers have attributed to a reduced calendar, but enjoyed strong growth on social media platforms. On... read more »

Former Haas driver Kevin Magnussen can finally "concentrate on creating a new life" according to father Jan after winning a four-year, multi-million-pound legal... read more »

Formula 1's reduced 2020 calendar means teams will pay a smaller entry fee for next season, with world champions Mercedes seeing its bill cut by more than $1 million read more »

McLaren has made advances with a £500 million refinancing plan for the entire company, which could include selling a minority stake in its Formula 1 team read more »

Silverstone is one of the motor racing venues which is eligible for a government loan this winter due to the global pandemic. read more »

Creators of the Grand Theft Auto franchise ‘Take-Two’ Interactive Software, Inc has made a proposal to acquire Formula 1 video game developers Codemasters in a deal worth a... read more »

Franz Tost feels the pending $30 million salary cap for the drivers is too high, it should be $10m and they should be grateful to be in F1. 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 »

Formula 1 has reported a $104 million loss for the third quarter (July to September), but says income is beginning to recover from the impact of the coronavirus pandemic.... read more »

The Spa-Francorchamps circuit will reintroduce gravel traps and add new grandstands as part of an €80 million renovation project. The circuit is hoping to join the MotoGP... read more »

Haas team principal Guenther Steiner believes the $200 million fee implemented for new teams to join the Formula 1 grid will safeguard the sport as it "incentivises people... read more »

When all was said and done, signing Sebastian Vettel cost Lawrence Stroll an estimated "$40 million" in total. read more »

Toto Wolff has defended Formula 1's $200 million fee for any new entries wishing to join the grid from 2021, believing it gives the existing teams "franchise value" read more »

Any new teams looking to enter the FIA Formula 1 World Championship from 2021 will have to pay an advance of $200 million (£156m) to rival teams as part of a ‘Dilution Fund’.... read more »

New Formula 1 entrants must pay rival teams a total of $200 million, as part of a prize-money 'dilution find', if they want to join the grid from 2021 read more »

McLaren CEO Zak Brown has confirmed teams wishing to join the Formula 1 grid would be required to pay a $200 million fee. read more »

Formula One champions Mercedes spent 333 million pounds ($442 million) in winning both titles last year but still reported a profit, according to the team's published 2019... read more »

Mercedes-Benz Grand Prix Limited, the company which encompasses the Mercedes-Benz AMG Formula 1 team, has released its latest financial results for 2019, which shows it spent... read more »

The 2020 British Grand Prix, broadcast on free-to-air television in the United Kingdom, saw a total of 3.5 million viewers tune in to see Lewis Hamilton take a dramatic victory... read more »

Global crisis leaves world champion believing that now is not the "right time" to be negotiating a new multi-million dollar contract. read more »

Lewis Hamilton has revealed he does not feel comfortable negotiating a new multi-million-pound contract with Mercedes in light of the job losses being experienced due to the... read more »

FIA President Jean Todt delivered a cheque for almost 2 million euros to the International Federation of Red Cross and Red Crescent Societies to support the humanitarian... read more »