Asencio will head up the team's commercial and marketing operations from New York, starting on 10 April, as the squad looks to grow its financial activities following the... read more »

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 »

F1 revenue in 2022 was 20% up on 2021, while team payments were up 8% at $1.15bn (£0.96bn). read more »

While there was a full 22-race calendar in 2021 there were still some restrictions on attendance in place. But last year, with those finally gone and F1 continuing to benefit... read more »

Liberty Media has revealed a $437million F1 revenue increase in 2022 after posting its end-of-year financial report. read more »

Ferrari have announced that they have hired former AC Milan chief commercial officer Lorenzo Giorgetti as their new chief racing revenue officer. read more »

F1 are risking a new business strategy with the Las Vegas Grand Prix by spending a fortune to buy the land themselves. read more »

Kevin Magnussen believes Haas can build on the additional revenue due to come the team's way next year following its drive back into the F1 spotlight this season. read more »

Revenue for the third quarter of 2022 for the F1 Group is up from $668m (£587m) to $715m (£628m) , according to the latest figures, as sport is no longer impacted by pandemic... read more »

Formula 1 has enjoyed another significant bump in revenue as the sport continues its ongoing recovery following the lean years of the Covid-19 period. read more »

However, the change was not as dramatic as in previous quarters because income in the latter part of 2021 was not impacted as dramatically by the pandemic, as last year race... 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 »

Andretti Global's bid to join the F1 grid from 2024 has been met with opposition from those currently on the grid due to the potential hit a new team could bring to... read more »

The latest financial report from F1 reveals that its total revenue was $744m (£616m) in the second quarter of the year compared to $501m (£415m) in the same period last year. read more »

The latest financial report from F1 reveals that its total revenue was $744m (£616m) in the second quarter of the year compared to $501m (£415m) in the same period last year. read more »

Both seasons saw seven grands prix held during the April-June period, allowing for a useful comparison as the effects of the COVID-19 pandemic fell away. The number of races is... 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 »

Liberty Media has reported a revenue increase of over $200million compared to last year for F1 in its latest financial report. 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 »

F1 has continued its recovery from the coronavirus pandemic with its first-quarter financial reports showing a 100 per cent rise in revenue from 2021. read more »

Formula 1's revenue doubled to $360m during the first quarter of 2022 compared to the same period in 2021. The championship's owners, Liberty Media, attributed the... read more »

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 »

Results for the third quarter of 2021 show that F1 earned 12% more revenue than in the same period last year, with an increase from $597m to $668m, while a $104m loss was... read more »

Aston Martin driver Sebastian Vettel has questioned the derivation of certain areas of F1's revenues, believing some of the monies it receives is "not very pure"... read more »

Formula One's Commercial Rights' Holder, Liberty Media has announced that income in the second quarter of 2021 continued to increase as spectators returned to several... read more »