Williams Racing have revealed they have has a £13 million loss in 2019, which has resulted in them considering the sale of the team. read more »

The McLaren Group - including the F1 team - has suffered a £175 million drop in revenue through the first quarter of 2020.  read more »

Formula One team owners McLaren saw group revenues reverse from £284 million ($348.13 million) to £109 million in the first quarter of 2020 due to the COVID-19 pandemic,... read more »

Formula 1 teams have agreed to reduce the upcoming budget cap to $145 million (119 million pounds) for 2021, according to the BBC. read more »

A cost-cutting package for the 2021 season has been agreed upon by Formula 1 teams, the package including a reduced $145 million cost cap. read more »

Ferrari is considering entering IndyCar in 2022 as it reacts to Formula One's plans to introduce a $145 million budget cap. read more »

McLaren are poised to mortgage their historic Formula 1 cars alongside the McLaren Technology Centre in a bid to raise £275 million to survive to Covid-19 pandemic. read more »

Formula 1 suffered a $90 million hit to its share price this week as news emerged that Ferrari and Sebastian Vettel were to part ways, reports suggest. read more »

The McLaren Group is reportedly looking to raise up to £275 million by mortgaging its classic car collection and impressive Surrey factory complex. The Formula 1 team and... read more »

Confirmation that Sebastian Vettel is leaving Ferrari at the end of this season has cost Formula 1 $90 million. read more »

Ferrari has confirmed that it is evaluating its motorsport future which could include expanding into the NTT IndyCar Series. With an impending cost cap of $145 million set to... read more »

Lewis Hamilton has added another record to his already endless list with the title of Britiain’s all-time richest sportsman. The six-time Formula 1 World Champion saw his... read more »

Formula 1's Commercial Rights Holder Libery Media has confirmed its commitment to the sport despite the fact that its revenues declined by $200 million in the first... read more »

Formula One's income between January and March plummeted from $246 million in 2019 to just $39 million this year, a drop of 84 percent, figures released by championship... read more »

Liberty Media have revealed that Formula 1 lost over $200 million of revenue in the first financial quarter of 2020. read more »

Claire Williams believes the introduction of a $145million budget cap for Formula 1 is an important step in ensuring "that our businesses are sustainable going into the... read more »

Ferrari's CEO Louis Camilleri says the lack of Formula 1 action in 2020 has had a "big hit" on its financial situation, as the manufacturer revealed its Q1... read more »

A greatly reduced budget cap for the 2021 season has been agreed upon according to Formula 1’s Ross Brawn. F1 bosses had initially agreed on a $175 million budget cap, but with... read more »

Formula One has agreed a $145 million budget cap for teams next year and will continue to try and tighten that for future seasons, managing director Ross Brawn said on Monday. read more »

Ross Brawn has confirmed that a $145 million budget cap for 2021 is close to being agreed by Formula 1 teams. read more »

The incoming budget cap will be set at $145 million according to Ross Brawn, a reduction on the original figure of $175 million read more »

Multi-million pound fundraiser, all-round legend and big F1 fan Captain Tom Moore reckons Lewis Hamilton is definitely odds-on to match Michael Schumacher's seven titles read more »

Having struggled all too often to find money, team boss Otmar Szafnauer believes Racing Point would excel if with a $100 million cap. read more »

Ferrari team principal Mattia Binotto has warned that the manufacturer will have to consider whether to remain in Formula 1 or not if the $145 million budget cap were to... read more »

Ferrari has threatened to quit Formula 1 if the sport lowers the agreed upon budget cap to less than $150 million. read more »