Sainz: Coronavirus ‘ERTE’ scheme ‘imminent’ in F1
Formula 1 will need to introduce a scheme to protect its economy and workforce amid the global pandemic, according to Carlos Sainz‘s..
F1 money - Page 29
Schumacher: Even big F1 teams at risk
Even the big teams are financially exposed to the effects of the coronavirus pandemic, according to former F1 driver Ralf Schumacher. Many..
Marko: F1 ready with ‘financial support’ for teams
Formula 1 is moving to keep its ten teams in business, according to Dr Helmut Marko. “Formula 1 has taken the right measures,”..
Verstappen F3 team in financial trouble
The F3 team that gave Max Verstappen his springboard into Formula 1 is in financial trouble. While many are worrying about the fate of..
Vasseur: F1 must stick together or teams will fold
“The biggest crisis” in Formula 1 history could result in a mass exodus of teams. That is the dire warning of Frederic Vasseur,..
F1 considers lowering $175m budget cap
As the coronavirus pandemic rules the world, F1 has a “historic opportunity” to drastically cut costs in Formula 1. That is the..
Villeneuve: Crisis ‘will hit small teams’ hard
As concern for the future of Formula 1 ramps up, Jacques Villeneuve has urged the sport to keep planning ahead. On the face of it, the..
F1 floundering amid coronavirus crisis
With the coronavirus pandemic having brought the sport – and the wider world – to an indefinite standstill, Formula 1 is still..
Lights Out – Chequebooks Out: Ferrari
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 2: Scuderia..
F1 teams to lose money over coronavirus situation
F1 teams are expecting to take a financial hit from the unprecedented coronavirus situation. While the big teams have eye-watering budgets,..
Williams worried about financial impact of coronavirus
Claire Williams is worried about the financial impact of F1’s new coronavirus crisis. Australia and China have been called off, but..
Owner says 2020 could be Haas’ final season
Gene Haas has admitted that 2020 could be his team’s last season in Formula 1. This year is the American team’s fifth season on..
Lights Out – Chequebooks Out – Mercedes
So, the start of a new season beckons and with 2020 the last year before the budget cap is introduced the teams have their chequebooks out...
Wolff: Money ‘not decisive’ in Hamilton talks
Toto Wolff has hinted that Mercedes will not be able to pay Lewis Hamilton more in 2021. The six-time world champion’s lucrative..
Boss: Williams must adapt in customer car era
Williams will need to “adapt” to a new era in which Formula 1 teams do not design every component of their cars. That is the..
Report: F1 to lose China’s $43m race fee
Formula 1 looks set to take at least a $43 million hit due to the coronavirus crisis. Because Shanghai’s scheduled April race has had..
Wolff: Hamilton deserves ‘super amounts’ of money
Toto Wolff has played down suggestions he is clashing with Lewis Hamilton over the financial value of their collaboration beyond 2020. Amid..
Wolff: Mercedes wants F1 team to be ‘cost-neutral’
Toto Wolff wants Mercedes’ Formula 1 team to be “cost-neutral within the next two years”. Amid speculation the Daimler..
Kosachenko: Aston Martin unlikely to be F1 winner
Aston Martin is unlikely to become a winning works team in Formula 1, according to a former driver manager and team official. Oksana..
Horner: Money could break up Hamilton-Mercedes
Christian Horner says it is “the financials” that could break up Mercedes’ successful eight-year relationship with Lewis..
