F1 introduced its first set of financial regulations for the 2021 season, restricting teams to a yearly budget of $145 million. This was initially set to fall by $5m per year,... read more »

Following the audit of the first year of F1's financial regulations in 2021, Red Bull was found to have exceeded the $145 million budget cap by 1.6%, resulting in a $7m... read more »

A mammoth $5 million ticket package for the 2023 Las Vegas is to go on sale from Caesars Entertainment. F1 will compete in the Las Vegas streets next year, with the race... read more »

McLaren CEO Zak Brown says he believes that it will be another two years before Formula 1 has a deeply competitive field as a result of the budget cap. F1 introduced a cost cap... read more »

The first stage of the team's new £200 million factory is due to open in May, acting as a big shot in the arm for its push to grow, while the arrival of Fernando Alonso is... read more »

Frederic Vasseur, Andrea Stella and Andreas Seidl will reportedly earn between €6-8 million (£5.2-6.97m) when they begin their new F1 roles next season.  read more »

The Red Bull F1 team have paid over £5 million in entry fees to the FIA as a result of their record-breaking 2022 campaign. read more »

Williams has won a court case against a former title sponsor, who is now forced to pay the Formula 1 team £26 million. The title sponsor in question, ROKiT, joined Williams in... read more »

ROKiT - the former title sponsor of Williams - have been ordered to pay the F1 team more than £26 million. read more »

Ben Sulayem because the successor to Jean Todt in last December's election, and arrived at Formula 1's governing body in the days after the controversial 2021 Abu... read more »

Red Bull swept to both championships in 2022 as Max Verstappen scored a record 15 victories in a single season to clinch his second drivers' title.Sergio Perez finished... read more »

Red Bull was found guilty in October of having breached last year's cost cap limit. It was handed a $7 million fine and given a 10 percent reduction in wind tunnel time as... read more »

Valtteri Bottas is the unlikely subject of a rap song that has amassed over a million views inside the first 24 hours of its release. read more »

Mick Schumacher reportedly did more than €3 million worth of damage to his car in the 2022 season. read more »

According to ESPN, the 2022 F1 season is the first in U.S. television history to average 1 million or more viewers per race, up 28% over the previous best in 2021. read more »

As part of its punishment for breaching last year's cost cap, Red Bull was handed a $7 million dollar fine and a 10% reduction in windtunnel time as part of F1's... read more »

Michael Schumacher's 2003 championship-winning Formula One car has sold at auction for $14.8 million (£12.9 million). read more »

Michael Schumacher's classic Ferrari from 2003 has been sold at auction for £13 million ($15m) - making it the second-most expensive car ever. read more »

Michael Schumacher’s 2003 Formula 1 World Championship-winning Ferrari car has sold for a record price at auction. The car is now the most valuable F1 car in modern history... read more »

Christian Horner says that there could be at least six teams that are in breach of Formula 1’s budget cap in 2022. It was recently confirmed by the FIA that Red Bull had... read more »

Red Bull's breach of the cost cap limit in 2021 triggered a major controversy within F1 recently, with opinions divided in the paddock about how extreme the sanctions... read more »

Red Bull reached a settlement with the FIA over its £1.8 million breach of last year's budget cap ahead of the Mexican Grand Prix, arguing that it misinterpreted some of... read more »

Two-time Formula 1 World Champion Mika Hakkinen believes the negative publicity that Red Bull received following its cost cap breach will be enough to deter teams from... read more »

1997 Formula 1 World Champion Jacques Villeneuve believes that Red Bull’s cost cap breach shouldn’t fall under the category of cheating. Last month, the FIA confirmed that Red... read more »

Red Bull was hit with a £6 million fine and a 10% reduction in its aerodynamic testing allocation for the next 12 months after the FIA found it had breached the budget cap by... read more »