Ex-Formula 1 CEO Bernie Ecclestone is facing fraud charges over false representation of his overseas assets that are worth more than £400 million. The Crown Prosecution Service... read more »

Former F1 supremo Bernie Ecclestone has been charged with fraud over a failure to declare £400 million pounds [$477m] in overseas assets. read more »

Formula One approved a small increase to its $140 million per team annual budget cap on Friday to help with the burden of inflation and rising energy and freight bills. read more »

A meeting of the F1 Commission has resulted in a decision being made regarding calls for the budget cap to be increased in light of inflation. With Formula 1’s financial... read more »

F1 introduced its first set of financial regulations for the 2021 season, setting an initial budget cap for the year of $145 million per team. This dropped to $140m for 2022,... read more »

The initiative was launched last July by Hamilton and his Mercedes team, and is co-ordinated by his Mission 44 charitable foundation.The first recipients are Motorsport UK and... read more »

Amid ongoing debate among grand prix racing's chiefs about how best to address problems triggered by rising inflation and the cost of living crisis, teams are reluctant to... read more »

Amid a dramatic rise in inflation and a cost of living crisis, a number of squads are struggling to stay below the $140 million budget cap limit sent for this year.Some... read more »

As part of an ambitious project revealed at the team's Milton Keynes factory on Tuesday, the car has been created by the F1 team's chief technical officer Adrian... read more »

Ex-F1 supremo Bernie Ecclestone has advised Lewis Hamilton to accept a £20 million payoff and quit F1 after his underwhelming start to the 2022 campaign. read more »

F1 launched its first team budget cap in 2021 after a big push by the FIA and the commercial rights holder to make the series more financially sustainable.Teams were limited to... read more »

F1 introduced a budget cap at the start of the 2021 season, initially limiting teams to spending $145 million per year. This figure dropped to $140m for 2022 and will fall by a... read more »

Ferrari Team Principal Mattia Binotto has warned that Formula 1 teams will hit the budget cap cut off "very soon". Some outfits have called on F1 to raise the $140... read more »

Following the pandemic and the war in Ukraine, inflation in several European countries has soared to its highest level in decades and the increased energy and transport costs... read more »

F1's $145 million cost cap has come under increased pressure due to the rising inflation and energy prices as a result of Russia's invasion of Ukraine.Freight and... read more »

Greg Maffei: Formula 1 has never been healthier from all indications. Fan interest is incredibly high. We have great on-track competition and we have helped the teams. When we... read more »

A dramatic rise in inflation and freight costs this year has put team budgets under pressure, and a number of squads are concerned that they are going to be unable to stay... read more »

Red Bull Formula 1 team principal Christian Horner has warned that several teams are at risk of missing the final few races of the 2022 F1 season because of the budget cap. The... read more »

Haas team principal Guenther Steiner has calculated "a few million" is being saved this year following F1's decision not to stretch the calendar to a... read more »

The Haas Formula 1 team says that it may be until July before it opts to bring updates to its 2022 challenger, the VF-22. This year, all teams are competing under a $140... read more »

Red Bull's Dr Helmut Marko has wondered if Carlos Sainz's recent crashes will impact Ferrari's development budget for the 2022 season. This year, all Formula 1... read more »

Ferrari is confident that Red Bull's development pace will slow down as the 2022 season carries on due to the sport's budget cap. Formula 1 teams are currently... read more »

ABC's live telecast of Sunday's inaugural Miami Grand Prix attracted a record average viewership of 2.6 million, the largest audience for a live F1 telecast ever on... read more »

Formula One's commercial rights holders Liberty Media are buying a plot of land in Las Vegas for $240 million to locate the pit and paddock complex for a grand prix next... read more »

The collection of 10 yachts on the inside of Turns 6, 7 and 8 of the Miami circuit, which are surrounded by special solid 'vinyl' water, have prompted a flood of... read more »