The McLaren Group, which includes the Formula One team, has arranged a £150 million financing facility with the National Bank of Bahrain (NBB), the Gulf bank said on Monday. read more »

McLaren’s short-term future has been secured after confirmation of a £150 million loan from the National Bank of Bahrain (NBB). The British supercar manufacturer and Formula 1... read more »

McLaren has agreed a £150 million loan arrangement with the National Bank of Bahrain to ease short-term cash flow problems which would have impacted its Formula 1 operation read more »

Formula One chairman Chase Carey is donating $1 million to set up a new foundation as part of an initiative to increase diversity in the sport. read more »

F1 chairman and CEO Chase Carey has personally pledged $1 million of his own money into a new foundation to help fund apprenticeships for under-represented groups. read more »

Formula 1 has released further details of the #WeRaceAsOne initiative, CEO Chase Carey personally donating $1 million to get things moving. read more »

A record-breaking 30 million views of the recent F1 Esports-Virtual Grand Prix series, won by George Russell, have been registered - with organisers declaring the project a... read more »

What would you do if your multi-million dollar F1 car was heading towards the barriers at high speed? Most of us wouldn't produce a stylish spin to avoid the impending... read more »

What would you do if your multi-million dollar F1 car was heading towards the barriers at high speed? Most of us wouldn't produce a stylish spin to avoid the impending... read more »

Racing Point Technical Director Andrew Green has likened the ‘big three’ Formula 1 teams to dinosaurs, saying they will need to adapt to a new world if they’re to survive.... read more »

Arguing for weeks over $5 million, Bernie Ecclestone feels F1's budget cap battle has been "complete rubbish". read more »

Williams Racing have revealed they have has a £13 million loss in 2019, which has resulted in them considering the sale of the team. read more »

The McLaren Group - including the F1 team - has suffered a £175 million drop in revenue through the first quarter of 2020.  read more »

Formula One team owners McLaren saw group revenues reverse from £284 million ($348.13 million) to £109 million in the first quarter of 2020 due to the COVID-19 pandemic,... read more »

Formula 1 teams have agreed to reduce the upcoming budget cap to $145 million (119 million pounds) for 2021, according to the BBC. read more »

A cost-cutting package for the 2021 season has been agreed upon by Formula 1 teams, the package including a reduced $145 million cost cap. read more »

Ferrari is considering entering IndyCar in 2022 as it reacts to Formula One's plans to introduce a $145 million budget cap. read more »

McLaren are poised to mortgage their historic Formula 1 cars alongside the McLaren Technology Centre in a bid to raise £275 million to survive to Covid-19 pandemic. read more »

Formula 1 suffered a $90 million hit to its share price this week as news emerged that Ferrari and Sebastian Vettel were to part ways, reports suggest. read more »

The McLaren Group is reportedly looking to raise up to £275 million by mortgaging its classic car collection and impressive Surrey factory complex. The Formula 1 team and... read more »

Confirmation that Sebastian Vettel is leaving Ferrari at the end of this season has cost Formula 1 $90 million. read more »

Ferrari has confirmed that it is evaluating its motorsport future which could include expanding into the NTT IndyCar Series. With an impending cost cap of $145 million set to... read more »

Lewis Hamilton has added another record to his already endless list with the title of Britiain’s all-time richest sportsman. The six-time Formula 1 World Champion saw his... read more »

Formula 1's Commercial Rights Holder Libery Media has confirmed its commitment to the sport despite the fact that its revenues declined by $200 million in the first... read more »

Formula One's income between January and March plummeted from $246 million in 2019 to just $39 million this year, a drop of 84 percent, figures released by championship... read more »