England Ashes fans set to top up Australia’s coffers months after bumper British and Irish Lions tour
England Ashes fans set to top up Australia’s coffers months after bumper British and Irish Lions tour
Formula 1 financial world on brink of change, says motorsport boss Sport Business Toto Wolff’s minority stake sale in Mercedes could start a domino effect across Formula 1, according to the chief of motorsport’s global trade association. The Austrian is in talks to offload five per cent of Mercedes – which he co-owns equally with the car manufacturer and Ineos billionaire turned Manchester United investor Sir Jim Ratcliffe [...]
Wolff Mercedes stake sale will have impact on value of Formula 1 Sport Business The valuation placed on Formula 1 team Mercedes after co-owner Toto Wolff’s interest in reducing his stake will have a welcome impact on the overall worth of the sport, experts have suggested. Wolff co-owns the outfit – officially titled Mercedes AMG Petronas F1 Team – equally with the eponymous German car manufacturer and Ineos billionaire [...]
‘Heat hazard’ rules invoked for Formula 1 Singapore Grand Prix Sport Formula 1 chiefs have designated this week’s Singapore Grand Prix the first “heat hazard” race under new rules designed to protect drivers’ wellbeing. Temperatures for Sunday’s race at Marina Bay are expected to exceed 31C which, combined with the tropical humidity, has triggered the measures. It means that teams will be required to fit all [...]
Formula 1 profits sustainable despite cap increase, says Mercedes team CFO September 3, 2025 Mercedes-AMG Petronas F1 Team CFO Russell Braithwaite on maintaining profitability in Formula 1 amid cost cap changes and how the team’s partnership with SAP will help. Formula 1’s cost cap has helped to herald a new era of profitability, with strict limits on spending allowing teams to generate a surplus from the sport’s explosion in [...]
Verstappen admits Russell crash shouldn’t have happened June 2, 2025 Formula 1 world champion Max Verstappen has accepted that his crash into Mercedes rival George Russell at the Spanish Grand Prix “was not right and shouldn’t have happened”. The hot-headed Dutchman veered into Russell with two laps remaining, earning a 10-second penalty which demoted him from fifth to 10th and three penalty points which leave [...]
Ineos and New Zealand Rugby end deal after settling £27m sponsorship row April 1, 2025 Sir Jim Ratcliffe’s Ineos has formally ended its partnership with New Zealand Rugby after reaching a settlement over a £27m sponsorship deal due to run until 2027. NZR, which is responsible for the All Blacks and Black Ferns, sued Ineos in February after the chemicals giant had stopped making payments in order to “exit our [...]
Ahead of the Game: Tottenham in crosshairs as Ratcliffe eyes more cuts February 19, 2025 Sir Jim Ratcliffe and Ineos are set to continue cutting their investment in sport beyond Manchester United with the company’s commercial deal with Tottenham Hotspur unlikely to be renewed. Spurs signed a five-year contract with Ineos Grenadier as their official 4×4 vehicle partner in 2022, having previously partnered with Ineos Hygienics as official hand sanitiser [...]
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 [...]
Hamilton rolls back the years on Mercedes farewell in Abu Dhabi December 8, 2024 Lewis Hamilton was delighted to finish on a high after he defied starting from the back end of the grid to pip teammate George Russell to fourth place in his final race for Mercedes. Lando Norris won the season-ending Abu Dhabi Grand Prix to ensure McLaren held off Ferrari and won their first Formula 1 [...]
‘I’m not going to apologise’: Emotional Hamilton braces for Mercedes farewell December 5, 2024 Lewis Hamilton admits he has struggled to control his emotions this season as he prepares to bring the curtain down on a glittering 12-year stay at Mercedes. The 39-year-old, who signed a deal to join Ferrari from 2025 ahead of the season, has won six of his seven world championships with the Silver Arrows but [...]