F1 Concorde Agreement: What is the concorde agreement and why do Mercedes oppose and Red Bull support it

F1 Concorde Agreement: Christian Horner is optimistic of the deal being signed in a few days, in spite of Mercedes’ opposition to it. There has been a lot of talk around the new F1 Concorde agreement, one that could bring…

Toto Wolff not impressed with Ferrari and McLaren over public comments on the Concorde Agreement

Toto Wolff not impressed by Ferrari and Mercedes’ public display of affection for the new Concorde Agreement, says it should remain confidential. The Concorde Agreement governs how Formula One is to be operated, with special emphasis on the division of…

Chase Carey Net Worth 2020: How much does the Formula One CEO and Chairman earn?

Chase Carey is one of the highest earning sports and media executive in the world. We profile the current CEO and Chairman of the Formula One group. Formula One is one of the most lucrative and expensive sport in the…

F1 new graphics: Formula 1 to introduce new TV graphics for 2020 season

F1 will include these new graphics – 6 in total – in a phased manner beginning from the Austrian Grand Prix, as per Autosport. Formula One Management (FOM), as part of its deal Amazon Web Services, will roll out six…

Sky Sports to seek compensation from Formula One after three months without live racing action

Sky Sports is a major television broadcaster of Formula One for Liberty Media but with live racing due to the pandemic, Sky Sports seek compensation. British media giant Sky Sports is one of multiple TV stations that will seek compensation…

F1 teams reject Liberty Media’s proposal

The 2019 F1 season is just round the corner now, with teams getting ready to reveal their cars for the 2019 season before the all important winter testing in Barcelona. Liberty Media and the FIA have introduced new aerodynamic plans…

Liberty Media looking to sell F1, according to reports

Liberty Media took over F1 in 2017, when it bought the sport for $8 billion, with an aim to change the perception and the global appeal of the sport. They wanted the young generation to get more actively with the…

Lewis Hamilton not in favour of having races in countries with no F1 tradition

Lewis Hamilton could find himself in trouble with the fans of the largest democracy in the world as he has asked F1 to relook into the criteria of selecting new locations for F1 races. When F1 came to India, the…

F1 completes $100 million deal to sell sponsorships to betting companies

Liberty Media has executed its first big deal by securing a $100 million paycheck by selling sponsorships to betting companies. A contract has been signed between new owners Liberty Media and London based marketing agency, Interregional Sports Group with respect to…

Formula 1 discloses 2018 prize money payments for all teams

Formula 1’s prize money distribution system is not only based on the team’s finishing position in the constructor’s championship  but also the deal that they have with FOM. Now, the economics of races work in a manner that all the…