April 20, 2025
Financial Assets

Haas working on returning Uralkali money after bailiffs visit

The Haas Formula 1 team says “there is no dispute over the amounts owed” to former sponsor Uralkali as it works to return funds following a visit from bailiffs at the Dutch Grand Prix. An arbitration ruling from a Swiss tribunal in June ordered Haas to return monies already paid to it by its former

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Financial Assets

F1 prize money: How much do GP teams and drivers really make?

A driver’s salary is based predominantly on their experience and success. For example, Logan Sargeant is currently in his second year of F1 and is on an estimated annual salary of $1m (£760k). On the other hand, previous and current world champions such as Lewis Hamilton and Max Verstappen are earning upwards of $51m per

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Fixed Assets

McLaren aims to “cash in” on aero development, set for testing limit advantage

McLaren is set to “cash in” on its Formula 1 aerodynamic testing over the first part of the season, after bringing relatively few upgrades in the opening 14 races. The aerodynamic testing regulations (ATR) in contemporary F1 restricts how much wind tunnel time and computational fluid dynamics (CFD) resources can be used, with each team

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