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 »

Reports emerged on Thursday that the seven-time Formula 1 champion and his tennis superstar friend Serena Williams could invest around £10 million each to the consortium that... read more »

Autosport revealed last week that Haas had rejected a request from its former title sponsor, Uralkali, for repayment of funds after its contract was terminated in the wake of... read more »

Lewis Hamilton is committing millions of pounds towards one of the bids to take over Chelsea F.C., according to report. Last month, Roman Abramovich announced that he was... read more »

Where once those outfits with the most money could simply write a big fat cheque to spend their way to bigger and better developments, now that is no longer the case.Primarily,... read more »

The Haas Formula One team has rejected former title sponsor Uralkali's demand for a refund of $13 million and asked for around $8.7 million in compensation from the... read more »

Italy has seized properties worth some €105 million ($114.45 million) owned by Russian former Formula One driver Nikita Mazepin and his oligarch father. read more »

Mick Schumacher's huge crash during qualifying for the Saudi Arabian Grand Prix could end up costing the Haas Formula 1 team up to $1 million.  read more »

Mick Schumacher's crash at the Saudi Arabian Grand Prix could have cost Haas a million dollars to rebuild the car. read more »

Mick Schumacher's crash in last weekend's Saudi Arabian Grand Prix qualifying could be a $1 million hit for Haas, according to team boss Guenther Steiner. read more »