You probably already know car rental companies try to upsell you on renter’s insurance (in many cases, your credit card might already have you covered). Another tactic they use to squeeze more cash out of you? Making you think an upgrade is free.
How much does your favorite Formula One driver make? Answer: a lot. Even the series’ lowest-paid driver—Sauber’s Pascal Wehrlein—still makes $150,000 in 2017, per Fox Sports’ list of drivers’ salaries. Meanwhile, McLaren’s Fernando Alonso will make a whopping $40 million, making him F1's highest paid driver.
The Federation Internationale de l’Automobile unanimously approved the sale of Formula One to Liberty Media at a World Motor Sport Council meeting today, reports Racer. Why wouldn’t they approve it? As a shareholder in Formula One Group holding company Delta Topco, the sale gives the FIA a nice paycheck.
Another year, another Formula One backmarker in financial strife. This year, it’s Manor’s turn again. Because every expenditure must be deemed necessary by an administrator handling all of their finances, they aren’t even being allowed to start making parts for their 2017 F1 car, per Motorsport.com. Ouch!
In 2012, British rally driver Louise Cook won the two-wheel-drive FIA Production Car Cup title, and became the first woman to win an FIA rally title. After sponsors backed out days before the Rally Sweden deadline, Cook put the trophy on eBay to raise the entry fees, reports Racer. Man, that’s dedication.
Let’s play this year’s round of “who wants to buy a struggling Formula One team?” Manor is in desperate need of saving again, as they’ve put the company which runs the operations of the F1 team, Just Racing Services Limited, into administration, reports Sky Sports. Administration is Britain’s version of Chapter…
You know your credit score matters when you apply for a loan, but that’s not the only factor banks use to determine your loan eligibility. GOBankingRates lists a few other considerations they make when you apply.
They say a sucker is born every minute, but shady businesses are good at convincing you you’re a genius, not a sucker, for giving them your money. Many of these outfits prey on people want to improve their finances, which adds insult to injury. You know to stay away from bogus IRS collectors and Nigerian princes, but…
Despite a series of recent announcements of new works teams in Formula E, the series didn’t do so great in its first year. It posted a loss of $68.4 million for its inaugural 2014-2015 season, per Sports Business Daily. Ouch!
As an Airbnb host, Lyft driver, or anyone else who earns money from the sharing economy, you’ve probably had tax questions at some point. The IRS now has a site dedicated to answering those questions.
The Sauber Formula One team has been struggling with cash for a while, most notably at the beginning of last year, when they contracted more drivers than they had seats because if two drivers’ money is good, more drivers’ cash must be better. So, to avoid that, a Swiss investment firm called Longbow Finance SA just…
Good news! The overwhelmingly rosso corsa Italian Grand Prix will most likely stay on the calendar for the time being. However, Imola, not Monza, signed the contract with Bernie Ecclestone to host it, per Motorsport.com. Monza has hosted the Italian Grand Prix every year except one since F1's inaugural 1950 season.
The 100th Indianapolis 500 only attracted 33 cars—enough to fill the grid, but not enough to have entries bumped from the grid during qualifying. Despite the milestone year, teams are still very conservative with who they’ll put in a car. Here’s why just making the grid was so hard this time.
IndyCar may need to take a good, long look at its shrinking grid this year. If not even the 100th running of its most famous race can buck the trend of teams scaling back, there may be an issue. Case in point, the all-female Grace Autosport effort, who wasn’t on the entry list because they couldn’t get a car.
A 35.5 percent stake in Formula One held by CVC Capitol Partners could could have a new owner soon, according to a report by The Sun. Bernie Ecclestone runs the sport for CVC, so could this also be a sign that the 85-year-old may retire soon?
“I don’t think we have to have an Italian Grand Prix,” misguided elf-king of Formula One and infinitely wrong man Bernie Ecclestone told The Daily Mail. Tifosi, it’s time to get out those pitch forks and torches. Monza—historic wonderland and Ferrari’s home race Monza—could be replaced by Las Vegas.
Circuit of the Americas was given an unpleasant surprise last year when state of Texas cut its contribution to the United States Grand Prix’s sanctioning fees by $5.5 million. Fortunately for COTA, the Austin American-Statesman reports that a recalculation in the value of the venue itself may save the track millions…
For about a fourth of what my usual morning latte costs, Renault bought a 90 percent stake in the Lotus Formula One team for only £1. According to company documents obtained by the Telegraph, the deal was finalized right before Christmas and puts Renault back in charge of the team for the first time since 2009.