Red Bull has recorded a revenue increase in its Formula 1 team for the year 2023 after a dominant record-breaking season. The Austrian energy drinks brand has reported £307... read more »
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McLaren Racing has announced a surge in profits as it continues to recover from the difficulties of the COVID-19 pandemic and efforts to return to the front of Formula 1. The... read more »
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Mercedes have recorded a £5.9 million drop in profits after publishing their accounts for 2023. read more »
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The 2022 and 2023 seasons both featured 22 rounds, with the total always playing a key role in the final numbers.However, it was a different mix of races, with the first... read more »
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Fernando Alonso humbles Lewis Hamilton and Carlos Sainz in wheel-to-wheel combat, then profits from Charles Leclerc's engine failure to win the opening race of 2023. The... read more »
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Red Bull Technology Ltd, which oversees Red Bull’s Formula 1 operation, has reported increased turnover and profits over the course of its domination of the 2022 season. Red... read more »
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Mercedes-Benz Grand Prix Limited saw a turnover of £475m and profits of £89m in 2022 despite failing to claim a Formula 1 title for the first time since 2014. The company’s... read more »
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The Alpine Formula 1 team has revealed a substantial profit for its 2022 operations, aided by the arrival of title sponsor BWT and a fourth-place finish in the championship. As... read more »
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Boosted by the arrival of new title sponsor BWT and the prize money associated with fourth place in the World Championship the team increased its income from £201,485,000 in... read more »
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On Wednesday F1 announced increased revenue and profits for 2022, as well as a record overall payment of over $1.1 billion split between the 10 teams.In the early years of... read more »
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Sebastian Vettel says Formula 1 should do more to help promoters if they want the sport to become truly carbon neutral by 2030 and improve the outside opinion of F1. read more »
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Sebastian Vettel has suggested F1 should reinvest profits made into helping its race promoters host sustainable events to help combat environmental issues within the sport. read more »
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In 2019 Formula 1 announced plans to have a net-zero carbon footprint by 2030, covering areas including logistics, the use of renewable fuels and reducing waste.Renewable fuels... read more »
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Autosport revealed last week that Haas had rejected a request from its former title sponsor, Uralkali, for repayment of funds after its contract was terminated in the wake of... read more »
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While Uralkali is seeking the return of sponsorship monies paid to Haas, the American F1 team is looking for compensation for "loss of profits". read more »
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Formula 1 saw its profits recover in 2021 following a difficult 2020 season, where it posted a $386 million loss because of the coronavirus pandemic. Last year saw the... read more »
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Lewis Hamilton described his Belgian GP qualifying as a "real struggle" in a "handful" of a Mercedes after finishing third behind title rival Max Verstappen... read more »
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Ahead of this weekend's Bahrain Grand Prix, a group of 30 British MPs has written to F1 boss, Chase Carey, calling on him to put human rights before profits. read more »
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The success of Netflix's 'Drive to Survive' series is proof that Formula 1 should not always prioritise chasing profits, says Ross Brawn read more »
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Formula 1 has announced a ‘long-term’ global sponsorship deal with Saudi Arabia’s state-owned oil giant, Saudi Aramco. Saudi Aramco is the world’s most valuable company... read more »
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Latest financial statements reveal that Toro Rosso's costs were up 5.6% last year, while its net profit fell by 2.5% read more »
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Ahead of what is expected to be extremely poor news today in terms of the sport's latest financial results, there's a way in which F1 could boost its profits by £370m... read more »
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Silverstone labels a report suggesting it had offered Liberty all profits from the race "pure fiction." read more »
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