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Ermanno Penthouse 2016

Items about: F1 money

Report reveals Marchionne's incredible income

Apr.28 - The highest paid figure in the F1 paddock is not a driver or a team owner. Publishing a list of Italy's highest paid managers, La..

28 Apr 2016

Russian billionaire completes Nurburgring purchase

Apr.26 - A Russian billionaire is now the full owner of the fabled F1 circuit the Nurburgring. In late 2014, we reported that Viktor..

26 Apr 2016

Haryanto raising F1 backing by text message

Apr.19 - A novel campaign in Indonesia to keep Rio Haryanto on the 2016 grid has been launched. CNN Indonesia reports that the government..

19 Apr 2016

Billionaire not buying into Williams

Apr.14 - Williams has denied speculation a Canadian billionaire could soon buy into the British team. The team's latest development driver..

14 Apr 2016

Reports: Swedish backers rescue Sauber for now

Apr.13 - Sauber has bucked the rumours by travelling to Shanghai this week for the Chinese grand prix. In obvious financial trouble, it was..

13 Apr 2016

Ecclestone likens Ferrari to "The Rolling Stones" of F1

Sports wouldn’t be fun without controversy. Formula 1 had its fair share of controversy over the years. Many players have said and/or..

12 Apr 2016

Boss eyes 'solution' to Sauber financial strife

Apr.8 - Sauber is working hard to find "a lasting solution" to its obvious financial problems, boss and co-owner Monisha Kaltenborn has..

8 Apr 2016

Sauber late with staff payments again

Apr.7 - Sauber has fallen behind once again with its full salary payments to its 300 staff in Switzerland. Boss Monisha Kaltenborn was not..

7 Apr 2016

Lawyer says Rosberg not evading tax

Apr.6 - Nico Rosberg's lawyer has denied claims the Mercedes driver is evading tax. The 2016 championship leader's name was mentioned among..

6 Apr 2016

Reports: Sauber in talks with investors

Apr.6 - Amid Sauber's obvious financial problems early in 2016, new media reports suggest the struggling Swiss team could soon be sold...

6 Apr 2016

Rosberg named in 'Panama Papers' tax evasion leak

Apr.5 - Championship leader Nico Rosberg's name is among hundreds implicated in an enormous global leak of documents known as the 'Panama..

5 Apr 2016

Kaltenborn skips Bahrain amid collapse rumours

Apr.4 - In the early rounds of the 2016 season, Sauber is clinging to mere survival. The Swiss team cleared a high hurdle recently after..

4 Apr 2016

Austria secures lower fee for F1 TV rights

Apr.2 - F1 is staying on free-to-air television in Austria, after the broadcaster ORF renewed its deal with the sport. Late last year, we..

2 Apr 2016

Ecclestone: No $10m start-up bonus for Haas

Mar.20 - Haas will not get the $10 million start-up bonus that was paid to F1's most recent team newcomers. To entice the three new teams -..

20 Mar 2016

Toro Rosso's Sainz survived Cepsa departure

Mar.18 - Carlos Sainz says he is happy to have survived the departure from Toro Rosso of the major Spanish sponsor Cepsa. Many believed the..

18 Mar 2016

Troubled Mallya set to sit out Melbourne

Mar.16 - Force India deputy Bob Fernley has hinted that team owner Vijay Mallya will likely skip this weekend's 2016 season opener in..

16 Mar 2016

Stoll: Renault not spending more as works team

Mar.15 - Renault is apparently not having to spend much more on its formula one programme despite returning to full works status in 2016...

15 Mar 2016

Kaltenborn hopes March salaries paid on time

Mar.14 - The sponsorship and income situation in formula one has left Sauber fighting for survival. The Swiss team has at least caught up..

14 Mar 2016

Struggling Sauber pays staff

Mar.10 - Sauber has now paid the two thirds of its 300-strong workforce in Switzerland who were waiting for their overdue February wages...

10 Mar 2016

Wolff sells last shares in Williams team

Mar.10 - Toto Wolff has severed his last ties to the Williams team. The Austrian entered F1 in 2009 when he bought into the British team..

10 Mar 2016

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