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 [...]
Revolut enters F1 with title sponsorship of new Audi team July 30, 2025 Revolut has announced its entry into Formula 1 as title partner of the new Audi F1 team, which will compete from next year. The partnership has been described as long-term and will see the fintech giant – currently the subject of a clash between Chancellor Rachel Reeves and Bank of England boss Andrew Bailey – [...]
Formula E signs World Championship extension with FIA until 2048 July 25, 2025 Formula E has extended its exclusive contract with motorsport governing body the FIA, meaning it will remain the only all-electric single-seater World Championship until at least 2048. It comes ahead of the climax of Formula E’s 11th season in London this weekend, where Nissan driver Oliver Rowland is set to be crowned champion on home [...]
Formula 1 owners to complete £3.6bn deal for MotoGP July 2, 2025 Formula 1 owners Liberty Media will complete a £3.6bn deal to buy MotoGP by the close of play on Thursday. The agreement will see Liberty Media purchase 84 per cent of MotoGP’s commercial rights holder Dorna – in cash – after it last week got approval from the European Commission. “We believe the sport and [...]
Motorsport Valley a £16bn jewel in crown of UK, new report says June 24, 2025 A new report has today described Motorsport Valley as a “jewel in the crown of UK manufacturing” as the area celebrates £16bn in turnover. The area, which takes in the Midlands and Oxfordshire as well as the Silverstone hub, is the epicentre of much of the UK’s advanced manufacturing, and home to a number of [...]
Lewis Hamilton insists Ferrari move hasn’t turned sour after Miami spats May 5, 2025 Lewis Hamilton insists he has no problems with Ferrari or fellow driver Charles Leclerc but says he won’t apologise for spiky exchanges with the team during a frustrating Miami Grand Prix. The seven-time Formula 1 champion snapped at race engineers on the team radio as he waited for them to ask Leclerc to let him [...]
Formula E extends stay in London with contract extension April 23, 2025 Formula E will remain in the capital until 2026 after extending its deal with the ExCeL in east London. The all-electric racing series will return to the exhibition centre next year having stretched its deal by another 12 months to keep the Docklands landmark as host. It comes amid rumours that the series could up [...]
Top FIA official resigns over ‘breakdown in governance standards’ April 10, 2025 Deputy president for sport at the FIA, Robert Reid, has resigned from his role over “a fundamental breakdown in governance standards within motorsport’s global governing body”. Reid was a close ally of FIA president Mohammed Ben Sulayem but the duo have not seen eye to eye of late. The motorsporting body and Ben Sulayem have [...]
Formula 1 race in Rwanda would be ‘blood-stained’, says DRC February 12, 2025 Formula 1 risks having its brand “smeared by a blood-stained association with Rwanda” if it presses ahead with talks to stage a grand prix in Kigali, the Democratic Republic of Congo (DRC) has warned. DRC minister of foreign affairs Therese Kayikwamba Wagner wrote to F1 president and CEO Stefano Domenicali this week to urge him [...]
Exclusive: Vowles hails ‘new era’ as Atlassian joins Williams Racing February 11, 2025 Williams principal James Vowles has hailed a new era for the Formula 1 team after signing a record partnership deal with software giant Atlassian. The agreement sees the historic outfit rebranded as Atlassian Williams Racing as they step up their efforts to return to the front of the grid in motorsport’s biggest series. It comes [...]