The 2021 season marks the first year that F1 is racing under a new budget cap and financial regulations, limiting each team to spending $145 million per season.Within the... read more »

F1 introduced all-new financial regulations for the 2021 season to enforce a new budget cap of $145 million per year for each team.Within the financial regulations, F1... read more »

F1 introduced a new $145 million budget cap for the 2021 season, policed by an all-new set of financial regulations that worked alongside the sporting and technical... read more »

Motorsport Week has joined forces with popular YouTube channel, The F1 Word, to bring Formula 1 fans even more video-based news, gossip, race reviews and features. With more... read more »

Charles Leclerc is not in favour of a salary cap, saying the drivers will be speaking with the FIA about the proposed $30 million cap. read more »

After a fraught Emilia Romagna GP for Mercedes, one of team boss Toto Wolff's main frustrations was the potential consequences of the huge accident suffered by Valtteri... read more »

This year F1 introduced an annual $145 million cost cap, followed by a further $5 million year-on-year reduction in subsequent seasons.The cap meant F1's largest teams... read more »

The Williams Formula 1 team are aiming to complete 100 pit stops during the Portuguese Grand Prix weekend, in honour of the Sir Captain Tom Moore charity. Sir Captain Tom... read more »

US-based Global Net Lease (GNL) has agreed a £170 million deal to purchase McLaren’s Woking headquarters as part of a leaseback agreement. The deal includes all three buildings... read more »

James Allison says that how much the new regulations have benefited high-rake cars is a big question that nobody knows the answer to yet. read more »

The world champion team has revealed plans to work with new sponsor TeamViewer to explore what opportunities can be provided with AR technology.Global software company... read more »

F1 teams will operate under strict financial regulations for the first time in the series' history this year after moving to curb costs to become more sustainable.In the... read more »

Lewis Hamilton could be back living in the UK in the coming years, the Brit renovating an £18 million home in west London. read more »

Carlos Sainz has labelled the podium potential of Ferrari in the coming season as the "million-dollar question" ahead of his first campaign with the Scuderia. read more »

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 »