Formula 1 prize money: Why constructors’ title trumps driver championship Sport Business In Formula 1, the glory always seems to belong to the driver who is crowned world champion. That is justified: the winner has usually earned the trophy and become the one to beat with a consistent season of quality results. But the reality is that for the majority in Formula 1 it is not the [...]
The British Motorsport Valley businessman taking Formula 1 by storm Sport Business Have you watched a McLaren going around a Formula 1 track in recent seasons and thought you’d seen the sponsors changing? Spoiler alert: you have. Much is said about the success of Britain’s Motorsport Valley, an area of the country at the heart of Formula 1 – and wider racing – development, technology and entrepreneurship. [...]
FIA and Formula 1 accept General Motors and Cadillac to 2026 grid Sport Business Formula 1 and its governing body the FIA have approved Cadillac’s application to join the 2026 F1 grid. The move comes after their bid was approved for assessment in November following on from major governance changes at General Motors and Andretti. “The FIA and Formula 1 can confirm that, following the completion of their respective [...]
Motorsport UK chair slams FIA for lack of ‘gold-standard’ governance March 6, 2025 The chair of Motorsport UK David Richards has threatened the FIA with legal action, slamming the governing body for a lack of “gold-standard” governance. Richards claims he was told to sign a restrictive new confidentiality act, as a member of the motorsport council, that imposed €50,000 fines for breaches and a fewer rules and guidelines [...]
Ed Warner: My memo to sport’s blazers? Stay out of the way March 6, 2025 Sport governing bodies should focus on organisational framework but professional activity can largely be left to the free market, argues Ed Warner. Who doesn’t love a badge, especially if having the right to flaunt it conveys status? Witness the urge to wear replica kit, even though the status this gives is simply identification as a [...]
Aston Martin dealt blow after Ferrari F1 team wins key court battle March 4, 2025 Aston Martin and design guru Adrian Newey have been dealt a blow after rivals Ferrari won a case to keep a key employee on gardening leave for half of the new Formula 1 season. Former Ferrari technical director Enrico Cardile left the Italian team to become the chief technical officer at Aston Martin last year, [...]
Ferrari merchandise sales soar 400% after Hamilton F1 move February 24, 2025 Ferrari merchandise sales have jumped nearly 400 per cent off the back of Lewis Hamilton’s move to Maranello for the 2025 Formula 1 season. Data shared with City AM demonstrates the huge global appeal the seven-time world champion enjoys with F1 fans. In the days following Ferrari’s 2025 season launch earlier this month, Ferrari merchandise [...]
F175: Formula 1 tour de force launch a lesson to other sports in innovation February 19, 2025 Everything about Formula 1’s 75th anniversary extravaganza at London’s O2 Arena shouldn’t have worked: mass commercialisation of a sport with £9 pints and 10 teams showing off this year’s designs on last year’s cars one after another. What unfolded, however, was a lesson in how sport can continue to innovate, and how it can take [...]
Mercedes team reject fears of Ineos Formula 1 exit February 18, 2025 Formula 1 powerhouse Mercedes have been forced to deny that the team’s ownership could shift amid a wave of sporting cuts by co-owners Ineos. The chemicals giant, part-owned by British billionaire Sir Jim Ratcliffe, holds 33 per cent of shares in the Mercedes AMG Petronas F1 Team, with team principal Toto Wolff and the German [...]
Trump order could see spike in Wimbledon and Formula 1 bribes February 16, 2025 Bribes, including tickets to Wimbledon and Formula 1, could spike this year after US President Donald Trump signed an executive order that will halt the prosecution of firms accused of bribery abroad. The Foreign Corrupt Practices Act (FCPA) has been in place since 1977 and has stringently looked down on firms using bribes on government [...]