Formula One has agreed a $145 million budget cap for teams next year and will continue to try and tighten that for future seasons, managing director Ross Brawn said on Monday. read more »

Ross Brawn has confirmed that a $145 million budget cap for 2021 is close to being agreed by Formula 1 teams. read more »

The incoming budget cap will be set at $145 million according to Ross Brawn, a reduction on the original figure of $175 million read more »

Multi-million pound fundraiser, all-round legend and big F1 fan Captain Tom Moore reckons Lewis Hamilton is definitely odds-on to match Michael Schumacher's seven titles read more »

Having struggled all too often to find money, team boss Otmar Szafnauer believes Racing Point would excel if with a $100 million cap. read more »

Ferrari team principal Mattia Binotto has warned that the manufacturer will have to consider whether to remain in Formula 1 or not if the $145 million budget cap were to... read more »

Ferrari has threatened to quit Formula 1 if the sport lowers the agreed upon budget cap to less than $150 million. read more »

AlphaTauri Team Principal reveals that every missed race costs the team around one and a falf to two million euros. read more »

Mercedes team principal Toto Wolff has purchased a £37 million stake in the Aston Martin brand. read more »

Mercedes Formula 1 team boss Toto Wolff has bought a £37 million stake in British sportscar company Aston Martin, though he remains fully committed to his role at Mercedes. The... read more »

Formula 1 chiefs should "shake down" the sport's financial model and slash the budget cap to $75 million amid the uncertainty caused by coronavirus, reckons FE... read more »

The situation in F1 will become "very critical" if the sport doesn't get underway in July, says AlphaTauri team boss Franz Tost. read more »

Former McLaren boss Ron Dennis has explained his new scheme to provide one million meals to frontline NHS workers in the fight against the coronavirus read more »

Former McLaren boss Ron Dennis has created a scheme to supply a million free meals to NHS workers during the coronavirus crisis. read more »

Ex-McLaren chief Ron Dennis has set up a new initiative to deliver one million free meals to NHS workers throughout the UK over the next three months. Dennis, who led McLaren’s... read more »

Former McLaren boss Ron Dennis has donated £1 million to help frontline National Health Service (NHS) workers during the coronavirus pandemic. read more »

Former McLaren boss, Ron Dennis is the driving force behind a scheme providing one million free meals to NHS workers during the coronavirus pandemic. read more »

Formula 1's smaller teams are pushing for next year's budget cap to be lowered to "$100 million" with the topic up for discussion on Monday. read more »

Aston Martin’s plans to enter Formula 1 in 2021 are still on track according to the companies incoming Executive Chair, Lawrence Stroll. Stroll, co-owner of the Racing Point... read more »

Red Bull adviser Helmut Marko reveals the cost of losing grands prix from the Formula 1 calendar, the Austrian remaining hopeful that the Austrian Grand Prix, held at the Red... read more »

Helmut Marko has backed F1's decision to defer the 2021 rules for a year, saying teams will lose "100 million" if five races are cancelled. read more »

Guanyu Zhou dominated the inaugural Virtual Grand Prix held at the Sakhir International Circuit in Bahrain, taking the chequered flag 11.7 seconds clear of Mercedes Formula E... read more »

Red Bull will not join Mercedes in calling a truce with Ferrari over last year's engine saga with Christian Horner revealing it is worth "$20 million" to the team. read more »

1.5 million fans streamed F1 races in the UK last year, an average of 70,680 for each event. read more »

Prince Harry has been joined by Lewis Hamilton at the official opening of a new £20 million museum at Silverstone on Friday. read more »