Haas paid ‘$20m deposit’ for F1 team entry
Gene Haas proved his seriousness about entering formula one by paying a $20 million deposit. That is the claim of F1 business journalist..
F1 money - Page 58
Kolles denies Caterham F1 owner speculation
Caterham is the latest hotbed of formula one rumours. Because the true identity of the team’s new owners has not been disclosed,..
Kolles: Investors saved Caterham from Silverstone axe
Caterham would not be at Silverstone if not for the team’s mysterious new owners. That is the claim of Colin Kolles, well-known in..
Ecclestone admits F1 buy-back possible
Bernie Ecclestone has admitted he might buy back formula one. The Silverstone weekend kicked off amid rumours major shareholder CVC could..
Report: Ferrari offers Brawn € 5 million to F1 return
Ferrari has set its million-dollar sights on luring Ross Brawn back to formula one. That is the claim on Thursday of the Milan daily..
Thursday: Last change for struggling teams?
F1’s last chance to slash costs for struggling teams has now passed. The FIA’s World Motor Sport Council met in Munich on..
Ecclestone ‘happy’ if struggling teams collapse?
Bernie Ecclestone has issued a stinging warning to struggling F1 teams. Amid all the noise about the urgent need for cost cutting, the..
Todt admits some F1 teams may not survive
Jean Todt has admitted some F1 teams are in danger of bowing out. Despite the impressively rejuvenated Red Bull Ring, an air of slight..
Report: F1 abandons short GP weekend idea
F1 failed to make significant cost-saving progress at a meeting on Wednesday, Germany’s Auto Motor und Sport reports. Earlier, it was..
Newey ‘keen’ to join $130m America’s Cup bid
Famous British sailor Sir Ben Ainslie has admitted Adrian Newey could play a key role in his America’s Cup yachting project. Newey,..
Ecclestone offered money to prevent F1 trial
Bernie Ecclestone says he offered to pay more than $40 million to stop the Gerhard Gribkowsky bribery affair. Writing in the Independent..
Gribkowsky asked BayernLB boss for millions
Bernie Ecclestone was not the only man Gerhard Gribkowsky turned to as he sought to make his millions. That is the claim that emerged in a..
Forza Rossa yet to lodge $20m F1 bond
Colin Kolles’ new formula one team still has a high hurdle to clear before it can join the grid. Media reports this week have claimed..
F1 cost cutting to hit high gear in June
F1’s cost-saving efforts will shift into a higher gear in the month of May. Ever since the powerful ‘Strategy Group’..
Honda not planning to buy McLaren
McLaren on Thursday denied reports Honda is looking at buying into the Woking based team. Rumours in Japan this week said the Japanese..
Fernandes: Caterham is seeking investers
Tony Fernandes has denied he is selling Caterham, admitting instead that he is seeking new “investment” in the struggling..
Marko: Mercedes also did Newey an offer
Ferrari is reportedly not the only team prepared to pay big money to lure Adrian Newey from Red Bull. In Monaco, Ferrari team boss Marco..
Lopez: PDVSA & Maldonado not leaving Lotus F1
Team owner Gerard Lopez has added his denial to reports Lotus could be set to lose its new lucrative PDVSA backing. The Enstone team..
Fernandes not responding to Caterham sale reports
Tony Fernandes is not responding to reports he plans to sell Caterham. Ten days ago, we reported paddock rumours that the backmarker team,..
Maldonado denies Venezuelan money backing to end
Pastor Maldonado has denied his sponsorship backing is ending. Early this week, the new Venezuelan sports minister Antonio Alvarez warned..
