Korean Grand Prix organisers are seeking the help of Bernie Ecclestone to allow them to renegotiate their race contract terms in a bid to keep the event on the calendar. read more »

The total prize pool for F1 teams increased from $544m in 2009 to $658 million in 2010, according the accounts of Formula One Administration Ltd...  read more »

FIA president Jean Todt has suggested he will seek to renegotiate the governing body's deal with Formula 1 bosses over commercial rights. read more »