Williams is considering selling its Formula 1 team and entire company group after posting a £13m loss last year. The momentous decision marks a major change in policy for a company whose founder, Sir Frank Williams, had always insisted on retaining control. A “new strategic direction” could involve a whole or partial sale of the
Formula 1
The 2020 Dutch Grand Prix has been cancelled because of the global coronavirus pandemic. The race, which was set to return to the Formula 1 calendar for the first time since 1985, was due to be held on 3 May but was initially postponed. “We were completely ready for this race and we still are,”
Formula 1’s plan for cost-cutting measures has been approved by the sport’s governing body the FIA. The changes to the sporting, technical and financial regulations were passed by e-vote at Wednesday’s world motorsport council meeting. It was “due to the need to reduce costs and safeguard the sport in light of the Covid-19 pandemic”, said
UK supercar maker and Formula 1 team McLaren plans to cut more than a quarter of its workforce after the coronavirus crisis hit sales and advertising revenue. The firm employs about 4,000 people, and of the 1,200 to be made redundant, the vast majority will be in the UK. Formula 1 racing has been suspended,
Last updated on 3 minutes ago3 minutes ago.From the section Motorsport Eracing is getting serious. Sponsorship money is rolling in, and drivers’ reputations are being formed on beanbags (and sim-rigs) across the globe. As if the world hasn’t been turned completely on its head by the coronavirus, we are now seeing the unthinkable: some of
The formation of the Formula 1 World Championship in 1950 brought with it a production line of charismatic race winners who came to encapsulate an era of gruelling, dangerous and pioneering racing. Juan Manuel Fangio, Alberto Ascari, Stirling Moss, Jack Brabham, Nino Farina, Mike Hawthorn and Jose Froilan Gonzalez – legendary names all – were
Watch highlights as British driver Oliver Rowland takes advantage of a coming together between Stoffel Vandoorne and Daniel Abt to win round five of the Formula E Race At Home Challenge in Berlin. After the race Abt was found to have used a ringer to drive instead of him and has since been suspened by
Formula 1 teams have agreed to a package of cost-cutting changes to help the sport ride out the coronavirus pandemic, BBC Sport can reveal. Teams voted to accept a plan to lower the budget cap to be introduced next year by $30m to $145m (£114m). This will be reduced again to $140m in 2022 and
There is hope that major sporting fixtures including the British Grand Prix double-header and international cricket could still take place in England this summer, despite new quarantine rules. Senior government figures told BBC Sport the “door has not been shut” on events involving international travel. This summer there are two grands prix planned at Silverstone
Formula 1 says it would be unable to hold a British Grand Prix if personnel are not given exemptions from plans to quarantine international travellers. The UK government will “soon” impose a requirement on all arrivals from abroad to self-isolate for 14 days. An F1 spokesman said: “A 14-day quarantine would make it impossible to
Fernando Alonso is “ready” to return to Formula 1 in 2021, according to his main adviser, Flavio Briatore. BBC Sport understands Spain’s two-time world champion, 38, has had talks with Renault about a possible comeback, but the team has not made a final decision. Briatore said: “Fernando is motivated. A year out of Formula 1
They say all good things must come to an end. For Sebastian Vettel, that means waving ‘bye, bye” to Ferrari at the end of 2020. Because of the ongoing coronavirus pandemic, whether we will see the four-time world champion in the red of the Scuderia again remains to be seen. For now, though, let’s reflect
Formula 1 and Silverstone have agreed a deal for two grands prix to be held at the track this season. Owners the British Racing Drivers’ Club and F1 had been far apart in their assessments of an appropriate fee for the track to host the events. But a compromise agreement has now been reached after
Daniel Ricciardo is to race for McLaren in 2021, taking the seat of Carlos Sainz, who will move to Ferrari. The double switch was announced by both teams on Thursday morning in a choreographed series of news releases. Ricciardo will partner Lando Norris, while Sainz is to replace four-time champion Sebastian Vettel at Ferrari. McLaren
Formula 1 driver Lewis Hamilton has been named Britain’s wealthiest sports star in the 2020 Sunday Times Rich List. The 35-year-old’s wealth increased by £37m in the past year to £224m, making him the wealthiest sportsperson in the list’s 32-year history. Golfer Rory McIlroy – worth £170m – was the only other sports star in
Carlos Sainz is poised to replace Sebastian Vettel at Ferrari with Daniel Ricciardo set to take the Spaniard’s seat at McLaren. Talks to seal the two moves are ongoing and no final agreements have been reached, but they are expected to be concluded and announced this week. McLaren have been chasing Ricciardo for some time
Sebastian Vettel is to leave Ferrari at the end of the year after contract talks between the two broke down with no agreement. The move, which is expected to be officially announced imminently, throws the future of the 32-year-old four-time world champion into doubt. Spaniard Carlos Sainz, currently a McLaren driver, is among those who
The British Grand Prix is under threat this year because of a financial stand-off between Formula 1 and Silverstone. F1 believes Silverstone is making unreasonable demands to host races on consecutive weekends on 19 and 26 July. High-level sources say Silverstone initially asked for £15m to host the races – the same amount it pays