McLaren Chief Executive Officer Zak Brown claims that all 10 teams on the 2024 Formula 1 grid are “well north” of a £1 billion valuation. Brown gave this and other insights... read more »

After years of financial struggles, Bahrain's Mumtalakat is looking to sell its stake in the iconic British car manufacturer McLaren. read more »

The double diffuser Brawn BGP 001 2009 double diffuser detail viewPhoto by: Giorgio PiolaFirstly, let's wind it back to 2009, a turbulent period which had seen Honda quit... read more »

Red Bull is reportedly considering a shift in focus for Chief Technical Officer Adrian Newey amid the financial constraints imposed by Formula 1’s budget cap. In an attempt to... 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 »

Prazer also holds a similar title for the F1-run Las Vegas GP, having been a key player in the development of the street event ahead of last year's inaugural race.She will... read more »

Sauber Team Representative Alessandro Alunni Bravi has stated the team will continue to add Formula 1 personnel ahead of the planned Audi takeover in 2026. Following BMW’s sale... read more »

Fernando Alonso has expressed regret that he’s never had the chance to work with Formula 1 design maestro Adrian Newey, who he describes as a “legend of the sport”. Newey, who... read more »

Since 2021, F1 teams have had to operate under a budget cap limit which was introduced to put grand prix racing on a more stable financial platform.The evidence of the past few... read more »

After a financial squeeze led to downsizing, the team employed just 220 people prior to the takeover by Finn Rausing in 2017.With new investment in place, the team grew in... 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 »

Former FIA President Jean Todt has responded to claims made by current President Mohammed Ben Sulayem that he left the FIA with a financial deficit at the end of his tenure.... read more »

Todt spoke to L'Equipe this week and took aim at comments from current president Mohammed Ben Sulayem, who has repeatedly said he inherited a tricky financial deficit when... read more »

Ben Sulayem took over from Todt at the end of 2021, and has pointed out several times that one of the biggest headaches he has had to deal with was a deficit that he inherited... read more »

Following the season-closing Abu Dhabi Grand Prix, Formula One's governing body, the FIA have confirmed tweaks to the Sporting, Technical and Financial Regulation for the... 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 »

Sainz ran over a metal water valve cover that had come loose and destroyed the chassis, power unit and energy store of his SF-23.A precedent for compensation was set after an... read more »

While exact figures have not been disclosed, Aston Martin has reported on the eve of the inaugural Las Vegas Grand Prix that Arctos Partners has acquired a "minority... read more »

Formula 1 has seen a 24 per cent year-over-year increase in revenue, to the tune of $887 million in the third quarter of 2023. A series of factors impacting the three-month... read more »

On one side of the debate is the FIA, which is pushing hard to expand the grid beyond the current 10 teams as it sees nothing but positives from the arrival of the... read more »

In addition to the special focus on Las Vegas, the multi-year deal covers the Austin, Miami, Montreal, Mexico City and Interlagos events. Amex will also be a supporter of the... read more »

In essence, the figures represent increased revenue from sponsorship and the F1 prize fund, and are solid proof of how successful top teams can be in the sport's current... read more »

The FIA has granted all F1 teams an extra allowance with which to improve the infrastructure of their factories.The top teams can spend an extra $6m, the middle-ranking outfits... read more »

The other teams have also been given smaller extra spending limits in an effort to reach a consensus for an agreement. CapEx became a talking point this season as the FIA... read more »

This may yet be the most difficult challenge yet for Andretti; although it has proven to the FIA that it has merit on sporting, technical, and financial grounds, thrashing out... read more »