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The Latest Breaking News from F1

92-year-old billionaire behind Formula One just admitted to being a tax fraud to the tune of £652 million

Bernard Ecclestone is paying about $793 million for decades of tax fraud.

Fortune

From F1 supremo to tax fraud conviction: the rise and fall of Bernie Ecclestone

Handshake approach that helped rule motorsport for decades appears to have been his downfall

The Guardian - UK

Bernie Ecclestone tried to dodge fraud trial by claiming he might drop dead with stress

Tycoon Bernie Ecclestone tried to dodge a fraud trial by claiming the stress of a full criminal trial would kill him, it can now be revealed.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

McLaren to trial recycle carbon fibre at F1's US GP

McLaren has teamed up with the specialised company V Carbon to pioneer the use of recycled carbon on its MCL60.

Autosport

McLaren to trial recycled carbon fibre at F1's US GP

McLaren has teamed up with the specialised company V Carbon to pioneer the use of recycled carbon on its MCL60.

Motorsport

F1 champion Mika Hakkinen to mentor rising F2 star Maini

The Finn is throwing his weight behind Maini, and says the target is very clear: “F1 is our objective”.

Autosport

Ex-Formula One boss Bernie Ecclestone spared jail after admitting fraud

Mr Justice Bryan said the offending was so serious that a fine and community order were not sufficient.

The Independent UK

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Ex-F1 boss Bernie Ecclestone spared prison after agreeing to pay £650m in fraud case

Billionaire failed to declare a trust in Singapore with a bank account containing around $650 million, court heard

The Independent UK

F1 champion Mika Hakkinen to mentor rising Indian F2 star Maini

Mika Hakkinen is throwing his weight behind Formula 2 driver Kush Maini and says the target is very clear : “F1 is our objective”.

Motorsport

Ex-F1 boss Ecclestone handed suspended prison sentence for fraud

Ecclestone, who owned the championship-winning Brabham team from 1972 to 1987 as he rose to overall power in F1, led the series for more than four decades before its 2017 takeover by current owner Liberty Media. He then took on the 'chairman emeritus' and an advisory role.

Autosport

Ex-F1 boss Bernie Ecclestone handed suspended prison sentence for fraud

Motorsport

Magazine: Verstappen seals F1 world title in Qatar GP

First, Max Verstappen became a three-time Formula 1 world champion before the Qatar Grand Prix even started, and he’s still only 26. Many of us who feel old would prefer title number three to have been clinched on a Sunday at Watkins Glen rather than in the Middle East desert…

Autosport

Former Formula One chief Bernie Ecclestone spared jail after pleading guilty to fraud over hidden £400m

Bernie Ecclestone has handed over £652 million to HMRC in a settlement to end the probe into his tax affairs

Evening Standard

Bernie Ecclestone given suspended sentence after pleading guilty to fraud

Former Formula One boss handed 17-month suspended term after failing to declare £400m of overseas assets to HMRC

The Guardian - UK

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news in one place.

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The Independent UK

Ex-F1 boss Bernie Ecclestone admits fraud after failing to declare more than £400m

Billionaire failed to declare a trust in Singapore with a bank account containing around $650 million, court heard

Motorsport

Mansell memorabilia sells for over £2 million

Renowned auction house RM Sotheby’s, which is selling Lewis Hamilton’s 2013 Hungarian Grand Prix-winning Mercedes W04 in Las Vegas next month, sold 324 lots across three days.

Autosport

Mansell memorabilia sells for over £2million

Renowned auction house RM Sotheby’s - which is selling Lewis Hamilton’s 2013 Hungarian Grand Prix-winning Mercedes W04 in Las Vegas next month - sold 324 lots across three days.

Autosport

Alpine says Andretti F1 engine option has now expired

Andretti has been putting in place plans to enter F1 for a while now and, as part of an original push, it had an agreement with Alpine for a partnership for power units as well as possible customer car parts.

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Motor1

Oracle Red Bull Racing's Secret Weapon In F1™ Is Its Simulation Tech

Each race is won and lost a thousand times in a computer before Max and Checo even arrive.

Autosport

Perez: "Joke" F1 track limits added to Qatar GP woes

Perez said he struggled to see the white line that marked the edge of the track.

Fortune

Mercedes F1 boss Toto Wolff and Manchester United bidder Jim Ratcliffe share $92 million payout even as team’s ad value tumbles

The F1 team's uncharacteristically poor performance in 2022 left a big hole in their advertisement value.

Motorsport

Red Bull F1 team records increased turnover of £385m in 2022

The organisation has a different business model compared to other teams, with the RBT group acting as the parent company of Red Bull Racing, and the latter officially employing just 50 people.

WEKU

Formula 1 weighs changes after drivers vomit, pass out due to heat during Qatar race

The FIA, the governing body of Formula 1, said it's considering measures to better prepare drivers to race in extreme heat, such as improving cockpit airflow.

Autosport

Bridgestone’s F1 proposal included “advanced innovative technology”

The FIA and F1 chiefs on Tuesday ended months of speculation about who would win F1’s next tyre contract from 2025 to 2027, with Pirelli being picked to extend its involvement in grand prix racing.

Evening Standard

F1 news: Lance Stroll under FIA investigation following furious reaction at Qatar Grand Prix

Aston Martin driver Lance Stroll is being investigated by Formula One's governing body for possible rules breaches at the Qatar Grand Prix.

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