Formula 1 Team Value 2024 Rankings
The 10 F1 teams are worth a total of $23.1 billion, according to data compiled by Sportico. Ferrari ranks first at $4.78 billion, while the Haas F1 Team is last on the…
Mercedes
Ferrari Formula 1 Revenue Rises 20% in Third Quarter
Italian luxury brand Ferrari reported third-quarter financial results Tuesday that disclosed revenue of €1.64 billion ($1.79 billion based on exchange rates), a 7%…
Lewis Hamilton Expected to Leave Mercedes for Ferrari in 2025
Seven-time Formula 1 champion Lewis Hamilton is reportedly set to leave Mercedes, his team since 2013, and join Ferrari for the 2025 racing season. Hamilton signed a…
Lewis Hamilton Extends F1 Driver Contract With Mercedes Through 2025
The Mercedes Formula 1 team announced contract extensions Thursday with Lewis Hamilton and George Russell that will keep the team’s current driver lineup in place…
F1 Team Values 2023: Ferrari on Top at $3.1B, Average Hits $1.5B
Max Verstappen cruised to a comfortable victory this month at the Canadian Grand Prix. It continued a stunning run of success for the Dutch race car driver; he’s won 21…
Toto Wolff to Lead F1-Focused Course at Harvard Business School
Self-described “college dropout” and “academic loser” Toto Wolff will help teach a course at Harvard Business School next winter focusing on how he has led the Mercedes…
F1 in 2022: Money, Fans Roll In Despite Saudi Setbacks
The Grand Prix of Saudi Arabia is off to a shaky start. On Friday, Yemeni rebels blew up an oil depot 11 kilometers from the race track in Jeddah—minutes before the…
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