Concorde Agreement

Cognizant Negotiating Title Sponsorship Deal With Aston Martin Racing

Racing Point, which will be rebranded Aston Martin Racing for the 2021 F1 season, is reportedly in talks with US information technology services corporation Cognizant regarding a title sponsorship deal. Cognizant is believed to be in “advanced negotiations” with the Silverstone-based team, according to READ: Sergio Perez Fires Jibe At Lance Stroll As He


Renault Warn F1’s ‘Engine Situation Is Simply Unsustainable’

Following the announcement of Honda’s decision to exit Formula One at the end of 2021, Renault team principal Cyril Abiteboul has called for changes to the sport’s engine regulations. Speaking to Autosport, Abiteboul said the “engine situation is simply unsustainable,” both from an economic and technological perspective. READ: Sebastian Vettel Admits He Failed At Ferrari

F1 Cars 2020 -

New Teams Should Be Allowed To Buy Existing Cars – Ex-F1 Driver

With new entrants now required to pay a $200 million fee to the existing ten teams in addition to all the other expenses of entering the pinnacle of motorsport, it’s now more difficult than ever to join the Formula One grid. Last month, Haas F1 team principal Guenther Steiner told this publication that they almost


Marko: Red Bull Could Quit F1 Before 2025

Red Bull have confirmed the existence of a clause in the new Concorde Agreement which allows the team to leave Formula One at the end of any season, despite them committing to the sport until 2025. “We can cancel the contract annually. There is a clause in it [the Concorde Agreement] that allows you to


Red Bull Spent £237mn On Its 2019 F1 Campaign

Red Bull spent £237.3 million on its 2019 Formula One campaign, in which the Milton Keynes-based team finished third in the Constructors’ Standings. Company filings show that the team generated a small profit of just over £600,000 last season. READ: Red Bull Might Sack Albon & Sign Hulkenberg Or Perez For 2021 With all F1

Ferrari and Haas F1 technical partnership, Binotto and Steiner -

Steiner: Haas Wouldn’t Be In F1 If It Had To Pay $200mn Entry Fee

The new Concorde Agreement, which all F1 teams recently signed up to, stipulates that any new entrant must pay a $200 million fee to the ten existing Formula One constructors as part of measures to protect the value of the sport’s franchises. This has prompted concerns that it will be almost impossible for new teams


Renault Explain Why They Decided To Stay In Formula One

It was recently confirmed that Renault’s Formula One team will be rebranded Alpine next year, and, crucially, the French car-maker had decided to stay in the sport despite having a lacklustre return to running a works team. Renault team principal Cyril Abiteboul has now explained what convinced them to commit to the sport for at

Ricardo Teixeira Barcelona Testing 2011

Ex-Caterham Reserve Driver: Rule Changes Will Encourage New Teams To Enter F1

Ricardo Teixeira, a Portuguese-Angolan racing driver who most notably served as the test and reserve driver for Team Lotus and the Caterham F1 team, discussed his racing career and the challenges of Formula One with managing editor Suliman Mulhem. Like most other Formula One drivers, Teixeira started out his racing career competing in karting


F1 Teams Sign New Concorde Agreement, Commit Until 2025

All 10 Formula 1 constructors have signed the new Concorde Agreement, effectively committing them to the sport until the end of the 2025 season. The new deal, which is an important agreement between the FIA, Liberty Media and the teams on many key aspects of the sport, including how prize money and TV revenue is