The matter relates to a loan that the current AlphaTauri Formula 1 driver took in 2018 from Schothorst's investment fund Investrand to help fund an F2 campaign with Prema... read more »

Red Bull team boss Christian Horner asserts that the penalty it was issued for breaching the 2021 budget cap is "significantly limiting" its pre-season development... read more »

Michael Schumacher's Jordan 191 F1 car will be auctioned with a guide price of £1.2 million-£1.8m. read more »

Lewis Hamilton has reportedly been offered a €70 million per season contract to extend at the Mercedes Formula 1 team. His current contract expires at the end of the 2023... read more »

Both Red Bull and Aston Martin were found to have broken the 2021 cost cap during investigations last year, as new spending restrictions in grand prix racing were enforced for... read more »

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 »