Lights Out – Chequebooks Out: Red Bull
The Aston Martin Red Bull Racing and Scuderia AlphaTauri (formerly Toro Rosso) F1 teams are owned by the energy drinks company Red Bull...
F1 money - Page 28
Wolff buys Aston Martin stake
Toto Wolff has bought a stake in Aston Martin. The British car company, whose new executive chairman Lawrence Stroll also acquired a major..
Abiteboul: No ‘two speed’ budget cap in 2021
F1 should not implement a ‘two speed’ budget cap next year, according to Renault boss Cyril Abiteboul. While some small teams..
Hulkenberg: Hamilton should take pay-cut amid crisis
Lewis Hamilton should put his money where his mouth is amid the coronavirus crisis, according to Nico Hulkenberg. When Formula 1 tried to..
Renault monitoring F1’s crisis response
“Drastic measures” will keep Renault in Formula 1 in the wake of the coronavirus crisis. That is the suggestion of team boss..
Father: Verstappen paid more than Ricciardo
Jos Verstappen says his son Max is paid more than the Red Bull driver’s former teammate Daniel Ricciardo. Renault boss Cyril..
Agag: F1 budget cap should be just $75m
Formula 1’s new budget cap should be as low as $75 million in the wake of the coronavirus crisis. That is the view of Formula E boss..
Briatore will not return amid crisis
Flavio Briatore doubts there would be buyers for teams who cannot make it through the coronavirus crisis. Asked if he would consider..
Todt: F1 delays ‘crucial’ budget cap decision
F1 has delayed making a decision about how to proceed with further cost cutting measures amid the coronavirus crisis. With several teams..
Haas in talks to reduce race drivers’ pay
Haas‘ two race drivers are in talks about reducing their pay during the coronavirus pandemic. The small American team is one of those..
Alfa Romeo also furloughs F1 team staff
Alfa Romeo has joined four other F1 teams in furloughing staff amid the coronavirus crisis. Already, McLaren, Williams, Haas and Racing..
Tost: F1 future becomes ‘critical’ in July
The situation in Formula 1 will become “very critical” if the current shutdown period continues beyond July. That is the view..
Ex F1 sponsor says ‘real risk’ teams will fold
A former F1 sponsor says there is “a real risk” that teams will go bust amid the coronavirus crisis. For years, Finnish..
Losing a team would be ‘a big setback’ for F1
Two more teams have joined McLaren in furloughing employees amid the coronavirus pandemic. “The furlough period will last until the..
Klien: ‘Uncertainty’ is worst part of crisis
Former F1 driver Christian Klien says the “uncertainty” of the coronavirus crisis is the most difficult part. The Austrian, now..
Teams to discuss lower 2021 budget cap
Formula 1 teams are vowing to be “flexible” in order to pave the way for a “recovery” from the coronavirus crisis...
McLaren first F1 team to furlough staff
McLaren is the first Formula 1 team to officially furlough most of its 850 staff amid the coronavirus pandemic. The temporary leave measure..
Domenicali: F1 must change to ‘save itself’
2020 will be a “year of transition” for Formula 1 as it works together to survive the global pandemic. That is the prediction..
Horner trusts owner Liberty to stand by F1
Christian Horner says he trusts Liberty Media to stand firm with Formula 1 throughout the coronavirus pandemic. Instead of crowning winners..
Lights Out – Chequebooks Out: Haas
In this series, I will look at the ownership and funding of the teams in F1 and maybe uncover a dark secret or two. Part 3: Haas Hass is..
