F1 money - Page 59

Gribkowsky will testify on Friday in Ecclestone F1 trail

Bernie Ecclestone‘s bribery trial will step up a gear on Friday. SID news agency reports that Gerhard Gribkowsky, the jailed former..

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8 May 2014

Todt: F1 teams must agree to cost-cutting rules

Jean Todt insists his hands are tied after F1’s most powerful teams vetoed the move to a budget cap for 2015. It has been suggested..

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7 May 2014

Sauber turned down GP2 champion’s $14m

Even with $14 million in his hand, reigning GP2 champion Fabio Leimer could not buy his way into formula one. The 25-year-old Swiss, who..

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5 May 2014

F1 could axe Friday morning practice to cut costs

F1 could axe Friday morning practice sessions next year, as teams consider how to cut costs in the absence of a mandatory budget cap...

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Maldonado paid $25m to leave Williams F1

A $25 million termination payment from Pastor Maldonado‘s sponsor helped Williams to drive back into profit. The publicly-listed..

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3 May 2014

Nuclear millions powering de Silvestro’s F1 push

The nuclear lobby is powering Simona Silvestro’s push for a Sauber race seat in 2015. That is the claim of the Swiss newspaper Blick,..

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30 Apr 2014

Prospects are not good as Ecclestone trial begins

Bernie Ecclestone‘s bribery trial begins on Thursday. It could be the final lap in a long and lucrative career for the 83-year-old..

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23 Apr 2014

Lopez: Lotus bullied over budget cap axe

Lotus team owner Gerard Lopez on Sunday indicated he was unhappy to have joined the opposition against the introduction of budget caps. The..

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20 Apr 2014

F1 set for cost-cutting summit on 1 May

F1 will move to put cost-cutting efforts back on the agenda during a May 1 meeting. Earlier, it was reported FIA president Jean Todt was..

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Drivers threaten to strike over unpaid wages

F1 drivers are threatening to strike if their teams do not pay them. Germany’s Sport Bild reports that, in Bahrain recently, Kimi..

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16 Apr 2014

FIA wins battle & Ecclestone goes to war

Big politics are at play in formula one. Amid all the noise about quiet engines and the urgent need to change rules, many suspect Bernie..

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6 Apr 2014

McLaren plays down rumours in Bahrain

McLaren is at the centre of a body of rumours in the Bahrain paddock. In title sponsor Vodafone’s wake, the British team ran..

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5 Apr 2014

Todt: F1 heading for EUR 150m budget cap

F1 is heading towards a budget cap of EUR 150 million per team for the 2015 season and beyond. FIA president Jean Todt said he is confident..

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4 Apr 2014

Todt: Williams having financial problems

Todt has named Williams as one of the teams “crying out” for a budget cap. The FIA president was asked by Germany’s Welt..

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30 Mar 2014

Sauber F1 patient amid slow-moving Russian deal

Sauber insists its Russian rescue deal remains on track. Originally set to feature the teen Sergey Sirotkin on the 2014 grid, talk of the..

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18 Mar 2014

Lauda: Mercedes upped budget to succeed in F1

Niki Lauda has admitted Mercedes upped its F1 budget in the quest to chase down the sport’s top teams. As the German marque looks set..

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15 Mar 2014

Ecclestone: India GP problems are money related

The promoter of India’s beleaguered formula one race breached its contract, F1 supremo Bernie Ecclestone has revealed. Last week, as..

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12 Mar 2014

Lauda denies money powered Mercedes F1 dominance

Niki Lauda has dismissed claims Mercedes is set to dominate the 2014 season because the German carmaker spent more on its new turbo V6..

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F1 co-owner: We have made a mistake

One of F1’s owners has admitted buying into the sport was “a mistake”. In 2012, Norway’s central bank Norges bought..

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New Nurburgring owner to keep affordable F1

F1’s Nurburgring future now appears brighter, after the embattled German Grand Prix venue was bought for a reported EUR 100..

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