Charles Leclerc will earn €50 million in the final year of his new Ferrari Formula 1 contract but there are clauses to permit an early exit, according to an Italian media... read more »

Max Verstappen has been coy regarding the rumour that he was paid an estimated $70 million as a result of his record success during the recent 2023 Formula 1 season. Red Bull... read more »

McLaren insist they have the financial firepower to pay Lando Norris the type of big-money deal to keep him long-term. read more »

Gene Haas has revealed that he turned down interest from a consortium of investors which have since partnered with the Alpine Formula 1 team in a deal worth $200 million. In... read more »

Work to modernise the Autodromo Nazionale Monza is now underway with the hopes of securing the circuit’s long-term future on the Formula 1 calendar. Monza and Imola, host of... read more »

FIA’s Single Seater Director Nikolas Tombazis believes that whilst Formula 1’s cost cap has helped curb spending, teams struggle to throw money at improving an underperforming... read more »

Perched atop a skyscraper in Bengaluru, India, Vijay Mallya's $20 million mansion stands as a symbol of luxury and controversy. read more »

Max Verstappen broke numerous records in the 2023 Formula 1 season, surpassing his own point tally milestone. However, the weight of his remarkable achievements comes with a... read more »

The Alpine Formula 1 Team has finalised the sale of a shareholding valued at €200 million to a group of US-based investors. Earlier this year it was announced that Otro Capital... read more »

Renault Group and Alpine have announce the closing of the investment by Otro Capital of €200 million in Alpine Racing Ltd, announced earlier this year. read more »

In June it was announced that Otro Capital had acquired a 24% share in Alpine Racing Limited for €200 million, a deal that valued the Enstone company at around $900... read more »

The FIA has reiterated its stance on the governing body’s financial situation after former President Jean Todt dismissed claims of a monetary deficit. Todt was adamant in his... read more »

Max Verstappen will be reportedly charged over €1.2 million to secure the superlicense he needs to compete again next year. The three-time world champion won 19 of the 22 races... read more »

Brad Pitt and Lewis Hamilton's new Formula 1 based film has reportedly scrapped most of its footage, despite spending £14 million. read more »

The prize money expected to be earned from the 2023 season by F1 teams have been revealed, according to reported estimates. read more »

The new Formula 1 based film is reportedly facing financial issues after allegedly spending $20 million on creating replica F1 cars, despite having the actual cars available to... read more »

Formula 1 Constructors’ Champions Red Bull led the way in prize money earnings for the 2023 campaign, receiving an estimated $140 million. F1 is many things; sport,... read more »

Red Bull will have to pay almost £6 million as an entry fee before the start of the 2024 Formula 1 season - a record amount for any team. read more »

The Yas Marina Circuit will host a driverless race using adapted Super Formula machinery as the inaugural event of the Abu Dhabi Autonomous Racing League. Scheduled for April... read more »

Lewis Hamilton's first race-winning Mercedes F1 car from 2013 has been sold for a ridiculous $18.8 million. read more »

To launch the Vegas race, which F1 has promoted itself at a cost of £355 million so far, an opening ceremony was held on the main straight on Thursday. Kylie Minogue and 30... read more »

With over $500 million spent on the Las Vegas Grand Prix, the pressure is on for Saturday's race to lay the rubber for the coming years. But with a strong backlash from... read more »

Red Bull driver Max Verstappen has denied Lewis Hamilton £15 million in Formula 1 world championship prize money for the third season in a row. read more »

The 2023 Mexico City Grand Prix may not have gone the way local fans trackside were hoping for, but the event attracted its highest-ever US television audience since returning... read more »

The newly constructed 'Sphere' in Las Vegas has reported losses of nearly $100 million on an earnings call just weeks after opening. read more »