An investigation conducted by the Formula Money report states that Formula 1 enjoyed net 2010 profits of 131.1 million dollars (£85m), despite paying teams an estimated $658m.... read more »

Formula One enjoyed massive net profits of £85 million ($137m) in 2010 following a great year of racing which looks set to continue in 2011. The read more »

Silverstone is to unveil its new multi-million pound pits and paddock complex, two months ahead of its flagship event, the British Grand Prix, on 10 July. read more »

Motor racing personalities are seven of the eleven richest people in Britain’s current sporting world, according to the recently published Sport Rich List by The Sunday Times.... read more »

Williams Grand Prix Holding's profits increased by 28% to £5.4 million in the year ended December 31 2010, its latest results have revealed read more »

Williams have announced their 2010 financial results following their flotation of the Frankfurt stock market. The outfit made a healthy pre-tax profit of £7.7 million, up read more »

Bernie Ecclestone has said that he is deciding whether or not to sell his stake of the Queens Park Rangers football club for around 100 million pounds. The head of the Formula... read more »

Bernie Ecclestone's west London football team Queens Park Rangers is on the verge of being promoted to the Premiership and as Pitpass' business editor Chris Sylt... read more »

The Turkish Grand Prix will be dropped from the FIA Formula One World Championship calendar next season, it is being reported. According to the Turkish media the event at... read more »

BBC Sport has confirmed that Bernie Ecclestone, head of the Formula One Group, has been questioned in relation to the ongoing bribery scandal. The situation involves alleged... read more »

It has been revealed that the future home of the United States Grand Prix has lost government backing of 25 million dollars (15.4 million pounds). As reported by Austin’s NXAN,... read more »

The venue for the 2012 US Grand Prix at Austin was dealt a potential blow after the Texas State Senate's finance committee voted 10-4 to pull a $25 million package read more »

Bernie Ecclestone has met a state prosecutor in Germany investigating alleged payments of $50 million to a German banker during the sale of Formula One's commercial rights... read more »

Formula 1 supremo Bernie Ecclestone has been questioned by state prosecutors in Germany as part of an ongoing investigation about alleged payments of $50 million (USD) to a... read more »

The companies which run Formula One released their 2010 accounts yesterday and some of the big figures were immediately picked up by reporters who may not have thought of the... 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 »

Formula One's 12 teams shared US$658 million in prize money in 2010, an increase of 21% over the previous year read more »

Formula One hopeful Dani Clos is set to bank €1 million of his budget towards making his grand prix debut next season read more »

Silverstone managing director Richard Phillips has confirmed the Northamptonshire-based circuit, which is the home of the British Grand Prix, made a profit in excess of 2... read more »

The British Racing Drivers’ Club (BRDC), owners of Silverstone, have announced that the home of the British Grand Prix turned over a profit in the region of two million... read more »

Mercedes GP Team Principal Ross Brawn made some 100 million pounds by selling his final stake of the outfit which formerly carried his name to Daimler and Aabar Investments at... read more »

Ross Brawn's decision to rescue hundreds of jobs and the Honda Formula One team, have netted him over £100 million. The former Ferrari and Honda team read more »

Nick Fry and Ross Brawn made an estimated £150m between them from the sale of Brawn, the team they bought from Honda for just £1 in 2009. read more »

Whilst Bahrain has been let off its $40 million race-hosting fee by F1 commercial rights-holder Bernie Ecclestone, it seems the teams - and Ferrari in particular - may not be... read more »

IndyCar boss Randy Bernard has issued an interesting challenge to drivers from other series; qualify for and win the 2011 season finale at Las Vegas and you'll collect a... read more »