Today’s F1 News Delivered Faster Than a Pit Stop
Formula 1 is considering a new $600 million dilution fund for new teams under the next Concorde Agreement starting in 2026. This fund aims to offset financial losses for current teams from sharing commercial rights with an 11th team, which replaces the previous $200 million fee. The proposal includes a formula-based payment over five years, rising to $700 million by 2028, and new teams won't earn prize money in their first year. This high entry cost may prompt potential entrants like Andretti to consider buying an existing team instead of starting a new one.
Click here to read the full article by Jonathan Noble (motorsport.com)
In final practice at the Monaco Grand Prix, Charles Leclerc topped the Ferrari charts, closely followed by Max Verstappen, who faces scrutiny for driving "unnecessarily slowly" on the track. Verstappen had expressed doubts about the suitability of the Monte Carlo layout for his Red Bull car. The session briefly halted after Valtteri Bottas made contact with the wall, causing Lewis Hamilton to maneuver defensively.
Click here to read the full article by Jake Nichol (racingnews365.com)
Red Bull has extended the contract of their chief F1 engineer, Paul Monaghan, who has been with the team since 2005. This comes amidst the departure of chief technical officer Adrian Newey, who secured an early release effective in 2025. Despite rumors of a departure, key figures like technical director Pierre Wache, head of aerodynamics Enrico Balbo, and head of performance engineering Ben Waterhouse have all renewed their contracts. Sporting director Jonathan Wheatley's potential departure remains uncertain amid reports.
Click here to read the full article by Lewis Larkam (crash.net)
We don't often get to see what happens behind the scenes with our favorite teams, but McLaren is giving us a glimpse. Lando Norris and Oscar Piastri are showing us around the team's new-look Team Hub. Piastri starts by sharing his driver's room, and then Norris shows us his, which looks just like Piastri's. They also have a private room and other interesting areas to check out.
Visa Cash App RB F1 Team drivers Yuki Tsunoda and Daniel Ricciardo face off in an Italian food challenge. Tsunoda, who lives in Faenza, Italy, is a big foodie, while Ricciardo, with Italian roots, loves pizza. They'll compete with dishes like Pizza, Piadina, Lasagne, Tortellini, Carbonara, and Tiramisù. Find out who wins the challenge.
