Following an €80 million overhaul of the venue, aimed at improving safety for both cars and the return of bike racing, the F1 track is set to deliver a different feel for... read more »

Ex-Formula 1 CEO Bernie Ecclestone has pleaded not guilty to fraud charges worth over $400 million in court. Ecclestone is accused of failing to declare involvement in oversea... read more »

Michael Schumacher's 1998 race-winning Ferrari Formula 1 car went to auction last weekend, and was sold for a staggering price. Auctioneers RM Sotheby's announced... read more »

MGM Resorts, a major hospitality company, is reportedly set to buy up to $25 million worth of tickets for next year's Las Vegas Grand Prix. The Sports Business Journal... read more »

Daniel Ricciardo has reportedly demanded a $21 million pay-off from McLaren if they wish to terminate his F1 contract prematurely. read more »

Daniel Ricciardo is reportedly seeking a massive eight-figure sum in order to end his contract early with McLaren. Speedcafe.com reports that Ricciardo is looking for a $21... read more »

US racing stalwart Michael Andretti's bid to expand his multi-series operation to F1 has been met by fierce resistance from most of the discipline's current 10... read more »

Formula 1 has released its second quarter earnings report, which shows a 49 per cent rise in revenue based on the same period in 2021. During the April to June period this... read more »

It would be understandable if fans were left bemused by the ongoing saga of team bosses arguing about a few million dollars here and there.After all, this sport is supposed to... read more »

Ex-Formula 1 CEO Bernie Ecclestone is facing fraud charges over false representation of his overseas assets that are worth more than £400 million. The Crown Prosecution Service... read more »

Former F1 supremo Bernie Ecclestone has been charged with fraud over a failure to declare £400 million pounds [$477m] in overseas assets. read more »

Formula One approved a small increase to its $140 million per team annual budget cap on Friday to help with the burden of inflation and rising energy and freight bills. read more »

A meeting of the F1 Commission has resulted in a decision being made regarding calls for the budget cap to be increased in light of inflation. With Formula 1’s financial... read more »

F1 introduced its first set of financial regulations for the 2021 season, setting an initial budget cap for the year of $145 million per team. This dropped to $140m for 2022,... read more »

The initiative was launched last July by Hamilton and his Mercedes team, and is co-ordinated by his Mission 44 charitable foundation.The first recipients are Motorsport UK and... read more »

Amid ongoing debate among grand prix racing's chiefs about how best to address problems triggered by rising inflation and the cost of living crisis, teams are reluctant to... read more »

Amid a dramatic rise in inflation and a cost of living crisis, a number of squads are struggling to stay below the $140 million budget cap limit sent for this year.Some... read more »

As part of an ambitious project revealed at the team's Milton Keynes factory on Tuesday, the car has been created by the F1 team's chief technical officer Adrian... read more »

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 »