Tag Archives: F1

Lower Las Vegas GP numbers impact F1’s 2024 overall income

The Las Vegas GP didn’t generate as much cash for F1 in 2024 as in its inaugural year

The Formula 1 organisation continued to increase both revenue and operating income during the 2024 season – but Liberty Media admits that a poorer performance by the Las Vegas GP in its second season had an impact on the overall figures.

The headline numbers were up in part because there were 24 races in 2024, as opposed to 22 the previous year, with China returning and Imola back after the 2023 flood cancellation.

Revenue by was up 6% from $3,222 million to $3,411 million, while operating income rose from $392 million to $492 million, a gain of 26%.

While the numbers continued the upward trend Liberty concedes that the Las Vegas GP, which feeds directly into revenue as the only race promoted in-house, was not as successful as in its inaugural year.

Liberty notes that “sponsorship revenue grew due to recognition of revenue from new sponsors, contractual increases from existing sponsors and additional sponsorship inventory with two additional races held.

“Media rights revenue increased due to contractual increases in fees and continued growth in F1 TV subscription revenue.

“Race promotion revenue grew primarily due to fees from the two additional races held compared to the prior year, following the return of China and Imola to the calendar, as well as contractual increases in fees, partially offset by lower ticketing revenue generated from the Las Vegas Grand Prix.”

It added that “growth in hospitality income at most events and higher freight and licensing revenue was offset by lower hospitality revenue generated from the Las Vegas Grand Prix.”

However F1 also gained from the “lower event promotion, hospitality and experiences costs incurred in promoting and delivering the Las Vegas Grand Prix compared to the prior year.”

The 10 F1 teams shared payments between them of $1,266 million, up 4% from $125 million the previous year.

Despite the Las Vegas setback F1 CEO Stefano Domenicali remains bullish after the overall numbers continued to rise.

“Formula 1 capped off a record 2024 in race count, revenue and Adjusted OIBDA,” he said. “We are equally optimistic about 2025 as we mark F1’s 75th anniversary which will provide incremental momentum for our brand, and we celebrated this milestone by welcoming the entire F1 community to a first of its kind season launch event at The O2 last week.

“Our sponsorship roster is the strongest in the sport’s history and the commercial pipeline remains robust. This commercial success is paired with on-track excitement, as we expect more intense competition after last season’s highly competitive championship and we welcome several rookie drivers to the grid.”

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Haas veteran Crolla joins Cadillac F1 team

Peter Crolla is on his way from Haas to the new Cadillac team

Former Haas team manager Peter Crolla is to join the new Cadillac Formula 1 operation in a similar role.

Hitherto the Silverstone-based operation has been focussed on building up its design and engineering departments.

However with formal confirmation of the acceptance of its 2026 entry expected soon and its first race now a little over 13 months away the organisation formerly known as Andretti is starting to build up its race team operation.

Crolla, who will officially join the team on April 1, was a key player at Haas from its own early days. He thus brings useful experience of helping to put together a start-up operation.

He started in May 2015 during the build-up to the first season in 2016, initially as race team coordinator, working alongside the then team manager and sporting director Dave O’Neill.

After O’Neill left Crolla was named Haas team manager in late 2017, before switching to the trackside operations manager title in early 2021. He became team manager once again in July 2022, before officially leaving last month.

Prior to joining Haas Crolla had a stint at McLaren, having previously worked outside F1 with spells at Team Dynamics in the BTCC, and Fortec in F3.

Haas meanwhile recently unveiled a revamped structure that no longer includes the team manager title.

Crolla’s previous responsibilities will be split between Mark Lowe in the newly-created role of sporting director, and trackside operations manager Neil Hanley.

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Enstone veteran Genon joins Haas to run Toyota project

Genon joins Haas after 12 years at Enstone

Former Renault and Alpine engineer Pierre Genon has joined the Haas Formula 1 team as its Toyota project manager.

The Belgian will in effect be the liaison between the UK-based team and the Toyota Gazoo Racing operation in Cologne following the announcement of their technical collaboration late last year.

Genon went to Enstone in 2012 as the head of vehicle performance group at what was then the Lotus team, prior to its return to Renault identity.

He became the team’s head of performance systems group in 2014, and maintained the same role into the Alpine era, until going onto gardening leave last year.

Previously he worked for Prodrive’s Subaru WRC team, and on the Peugeot LMP1 programme, which included a Le Mans win in 2009.

“I am extremely excited to finally join Moneygram Haas F1 team this coming week as Toyota project manager, with the key accountability to drive the collaboration between Haas F1 and Toyota Gazoo Racing,” he said.

“I have everything to learn about the team, the project, and the partner, and the state-of-charge is at 100% for a challenge which will be quite different from the previous one.

“I am eager to meet my new team mates and to contribute to the next steps in the progress of the team via this new project.”

Genon also paid tribute to his former colleagues at Alpine, including the PU personnel whose F1 role ends this season.

“A big thank you to all those I had the pleasure of working with in the past 12 years, whether they are still there, or have moved on. Thank you for the support, the collaboration… And the laughs.

“I also spare a thought for Viry-Chatillon where I always felt very welcome. There are many good people there and so much heritage. For those wishing to continue in top level motorsport, I hope that you find what you want.

“I have no doubt that Enstone is also still full of talent and will provide fierce competition in my next adventure.”

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Mercedes confirms Bottas return in reserve role

Bottas is back at Mercedes in 2025

Mercedes has confirmed that Valtteri Bottas will be back in the Formula 1 paddock in 2025 as reserve driver.

Although the team has given no details on his duties there will be a more extensive Pirelli test programme in preparation for 2026, and thus the Finn is likely to get some mileage doing via that.

It remains to be seen how many of the 24 races he will attend. Usually reserves have to be on site at flyaway races, but can wait at home on standby in Europe.

Bottas had high hopes of being retained by Sauber/Audi until the Swiss outfit confirmed that that it had opted for youth in Gabriel Bortoleto.

“I’m happy to finally answer the question I’ve posed over the past month,” he said. “Returning home to the Mercedes family as third driver for 2025 is what’s next and I couldn’t be more pleased. I want to thank Toto [Wolff], the team at Brackley, and everyone at the three-pointed star for welcoming me back with open arms.
 
“Despite the challenges of the past few years, I know that I’ve still got so much more to contribute to F1. “I’ve been fortunate to have enjoyed many incredible moments in my 12 years of racing in F1 so far.

“As I return to the place where so many of those moments were achieved, I’m looking forward to using all the knowledge I’ve gained to help the team to perform and progress towards our goal of fighting for world championships.”

Wolff, who managed the early career of Bottas before he was obliged to step aside, has made his admiration clear.

“His impact and contribution in the five years he was with us previously as our race driver was immense,” said the Austrian.

“Along with scoring multiple Grands Prix wins, he played a vital role in five of our championship victories. His technical feedback and input were important in helping us to those successes and pushing the team forward.

“Not only that, but he was also a fantastic colleague and team member. His dry sense of humour and personable nature made him a firm favourite with everyone at Brackley and Brixworth.

“In his role as reserve driver, all those qualities will be incredibly important in helping us compete for world championships and supporting both George and Kimi on track.”

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Red Bull snubs Tsunoda and finally confirms Lawson for 2025 seat

Lawson’s promotion has finally been confirmed. Pic: @tinnekephotography

Red Bull Racing has finally confirmed that Liam Lawson will replace Sergio Perez and partner Max Verstappen at Red Bull Racing in 2025.

The New Zealander has been the obvious candidate since Daniel Ricciardo was dropped from RB after the Singapore GP and Lawson was given what was in effect a six-race audition for the job at the main team.

He has been chosen over Yuki Tsunoda, despite the Japanese driver having far greater experience. Lawson has started 11 races over his two part-seasons with the Faenza team.

Team boss Christian Horner made it clear that Lawson’s VCARB outings had played a key role.

“Liam’s performances over the course of his two stints with Visa Cash App Racing Bulls have demonstrated that he’s not only capable of delivering strong results but that he’s also a real racer, not afraid to mix it with the best and come out on top,” he said.

“His arrival continues the team’s long history of promoting from within the Red Bull junior programme and he follows in the footsteps of championship and race-winning drivers such as Sebastian Vettel and of course, Max Verstappen.

“There’s no doubt that racing alongside Max, a four-time champion and undoubtedly one of the greatest drivers ever seen in F1, is a daunting task, but I’m sure Liam can rise to that challenge and deliver some outstanding results for us next year.”

Lawson said: “To be announced as an Oracle Red Bull Racing driver is a lifelong dream for me, this is something I’ve wanted and worked towards since I was eight years old,” he said.

“It’s been an incredible journey so far. I want to say a massive thank you to the whole team at VCARB for their support, the last six races have played a huge part in my preparation for this next step.

“I also want to thank, Christian, Helmut [Marko] and the whole Red Bull family for believing in me and giving me this opportunity. I am super excited to work alongside Max and learn from a World Champion, I have no doubt I will learn from his expertise. I can’t wait to get going!”

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Hulkenberg: Haas 2024 turnaround “a hell of an achievement”

Haas made good forward progress in 2024

Nico Hulkenberg believes that the progress of Haas from last place in the World Championship in 2023 to seventh this season was “a hell of an achievement” for the US-owned team.

Haas struggled badly with tyre management with the VF-23, but managed to successfully address the issue with this year’s car.

In addition under new team principal Ayao Komatsu the team fared much better in the development race than it had done in previous seasons, maintaining strong form all the way to the final race. It ultimately just lost out to Alpine in the battle for sixth.

“You forget quickly where we were last year, and how down we were some days, and how much shit we had to eat!,” said Hulkenberg, who joins Sauber in 2025.

“It was tough last year. And to have come out and turned that situation around like we did, it’s a hell of an achievement from everyone in the team.

“I really enjoyed being part of that. It’s been very enjoyable with everyone. I think Ayao has done a fantastic job this year as TP.

“So many things came at him, and he’s really worked through all of them. It’s been impressive and good. Just leave happy.

“They’re a strong contender, if they keep working like this, I know they’re a serious contender in the future, probably in and around the fight for P5.”

Hulkenberg, who finished 11th in the drivers’ championship, indicated that 2024 was one of his better seasons.

“Definitely one of the most consistent,” he said. “I feel I probably had similar, really good seasons, 2017, 2018 even going back to 2016, I’ve had a lot of those seasons, I think.

“But probably it’s the one that I’ve enjoyed the most, and the highs as well as the lows. And just enjoyed the challenge, enjoyed being here, and it’s been very fun.”

Regarding falling behind Alpine he said: “It slipped through our hands in Brazil, unfortunately, obviously, they took a huge chunk out of us. And in Qatar too I think their progress rate has been very impressive in the last quarter of the season.

“And Pierre [Gasly] has also driven amazingly, no mistakes, very consistent, as we know him. So fair play to them.”

Hulkenberg conceded that 2025 won’t be an easy season for Sauber given its last place this season, and the strength of the teams in the midfield battle.

“It’s a competitive sport, and everyone is pushing a lot,” he said. “The air is very thin, like we saw now, Alpine is back, probably Aston will come back. So it’s going to be tough. And I think there’s work ahead at Sauber, no doubt.

“But lately it’s looked a bit brighter. It looked like the Vegas update for them did something, and put them on the right track, in the right direction.”

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Magnussen tried “something special” with first lap charge in final F1 race

Family moment for Kevin Magnussen in Abu Dhabi

Kevin Magnussen says he wanted to “try something special” with a spectacular charge on the first lap of his final Formula 1 race with Haas in Abu Dhabi.

The Dane started from 14th on the grid, and helped by the Max Verstappen/Lando Norris clash and some charging moves he was up to seventh place by the end of the first lap.

However a slow first pit stop cost him time, and later his race was effectively ended when he was hit by Valtteri Bottas.

The team then gave him the chance to grab fastest lap on soft tyres right at the end, mirroring what Daniel Ricciardo did in Singapore with VCARB.

“The enjoyable part was lap one,” said Magnussen. “I knew I wanted to try something special, and just go balls to the wall and try to make up for the qualifying.

“And I did. I came around P7 from P14. So just unfortunate with the slow pit stop, which kind of ruined the race, and then afterwards, of course, the contact with Bottas.

“Gave it a go, tried our best, nothing to show for it, but still been a privilege to come back to F1. And these last three years have been a real challenge, but a real privilege as well. And very thankful, very excited for the future. And wish the team all the best.”

Magnussen has accepted that he is unlikely to race again in F1.

“I’ve been in this situation before, so it’s kind of getting old,” he said. “I think somehow the emotions I’ve been through it before, in a way. It doesn’t really feel like the last time, somehow. I think as I said, I’m very thankful, and just feel good.”

He also made sure to make his last F1 start a family event: “It was very enjoyable to share this moment with my daughter and my wife, on the grid. We sat there just looking.

“My daughter won’t remember when she grows old, but ‘ll certainly remember for the rest of my life just to sit there. She was excited and proud to be there on the grid. She loves being around here. She loves supporting her dad, and that means a lot.”

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Stella pays tribute to departing McLaren “Samurai” Imai

Hiroshi Imai has been an unsung hero at McLaren for over 15 years

McLaren Formula 1 boss Andrea Stella has paid tribute to the “Samurai” qualities of longtime engineer Hiroshi Imai, who will leave the team in January after a stint of over 15 years.

Imai was one of several former Bridgestone “tyre whisperers” who were picked up by F1 teams to help give them extra expertise in that area.

He joined McLaren in May 2009, during the Japanese company’s penultimate season in the sport, and after it was clear that the future lay with Pirelli.

Initially a principal engineer, he became chief race engineer in 2017, and then director of race engineering in 2021. He maintained a focus on tyres, although he covered a much wider range of responsibilities.

Although not widely known outside the team he commanded huge respect in the Woking camp.

“Hiroshi has been at McLaren for a long time,” said Stella. “He has been a fundamental contributor to what the team have achieved over the years.

“But for me in particular, since I joined McLaren in 2015 Hiroshi has always been one of my closest collaborators in various positions, like chief race engineer, director of race engineering, and then director of tyres and brakes, more recently. And at the same time, always a key role in our operations trackside.

“He has contributed with great knowledge and expertise on tyres, on brakes, on operational standards. A person of great integrity, a person of calmness. Everyone appreciates his calmness, his great organisation.

“But at the same time it’s always been a point of reference for everyone in the team who needed some advice, who needed to have a wise opinion, and they have always known that could find it in Hiroshi.”

Regarding Imai’s fighting qualities he said: “There’s one aspect of Hiroshi we all love, is that when it was the time to go racing, the Samurai inside Hiroshi would come out, and he would become one of the tougher racers, but always incredibly respectful, and with great style.

“We are all very thankful and grateful to Hiroshi for what he has given to McLaren. He will always be part of the family, and I’m delighted that he has achieved the World Championship in his final year at McLaren, because he will always say that he has been World Champion for the rest of his of his life.

“We wish Hiroshi all the best, and I’m sure we will have more opportunities to see him around in the future.”

It’s understood that Imai will be returning to Japan to pursue a new role in motorsport rather than joining a rival F1 team.

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Stella: McLaren still “trying to process” World Championship win

The McLaren party gets under way on Sunday…

McLaren Formula 1 boss Andrea Stella says he and the rest of his team are still “trying to process” their achievement in winning the 2024 World Championship.

The team secured its first title since 1998 with victory for Lando Norris in Abu Dhabi, finishing the season 14 points clear of rivals Ferrari.

Stella stayed on with the race team to oversee Tuesday’s test before returning to the Woking factory.

“It’s been a mix of thoughts and emotions,” he told this writer before heading home. “I think we are all trying to process more rationally what we have achieved.

“I’ve spent definitely a few hours trying to reply to all the messages for which I’m really very grateful to everyone that wanted to express their congratulations and say well done to myself and to the team.

“And also I’ve spent as much time as possible speaking to as many people as possible in the team.

“I think we are all processing that it’s a phenomenal achievement. And if anything, from what I hear from our people, especially at the factory, it’s even better than what they thought.

“I have to say that the celebrations in the garage were the best celebrations in the garage that I’ve had in my career, even if I had thankfully many opportunities to celebrate when I was at Ferrari.

“And this one at McLaren was the most intense, the most spontaneous, the most energetic celebrations in the garage that that I could witness and be part of.”

Regarding further events back at the factory he added: “Definitely, there’s a few appointments planned to celebrate together with the team.

“But while we celebrate, we have already started our conversations that if we want to keep this kind of success, we have to do better in the future. What we have done so far may not be enough for the level of F1 nowadays.”

On Saturday evening before the race Stella acknowledged that Abu Dhabi had been the site of the low point of his career, when Ferrari’s Fernando Alonso lost the title at the final round due to a wrong strategy call.

On race day last weekend Alonso reminded Stella about their shared defeat.

“I told him before the race what Abu Dhabi took from our hands in 2010,” Alonso said after the flag. “And hopefully today, it give something back to you. And it did. So happy for him, he deserves it.”

Asked about the 2010 disappointment Stella agreed that he now had a better feeling about the track.

“I’m certainly a bit more in peace with Abu Dhabi now,” he said. “While Abu Dhabi 2010 remains the most painful experience for me professionally in F1, at the same time over time I think myself and Fernando have become more and more proud of what we have achieved in the 2010 season.

“And I think that experience has given us the toughness, the learning, and all those qualities that you sometimes learn only when you lose something, rather than winning.

“And I think in what we are today, even in this year’s achievement in 2024 there is some of the toughness, the learning, the pride that we took from that experience.

“And definitely I have to say, this is a very personal note, but in any of my personal, professional and personal achievements, there will always be something coming from my collaboration with Fernando.

“Because working with him, you take so much away. You take so much that makes you better, that this becomes a resource in your future experience, even when you don’t work with Fernando anymore.”

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Allison: No fairy tale ending but Mercedes had “fantastic run” with Hamilton

Allison says Hamilton provided inspiration even after a bad qualifying in Abu Dhabi

Mercedes technical director James Allison says the team enjoyed a “fantastic run” with Lewis Hamilton despite the frustration of the lack of a “fairy tale ending” with a win or podium in the 2024 Abu Dhabi finale.

Hamilton started his final race with the team from only 16th on the grid after hitting a loose bollard in Q1.

However after starting on the hard tyres he moved up to fourth, passing team mate George Russell on the final lap, before an emotional celebration on the grid after the flag.

“I think it would be very hard to summarise such a complex set of feelings,” said Allison when asked about Hamilton’s departure.

“We would of course love this whole season, let alone the last race, to be more of a fairy tale ending to a partnership that has set all the benchmarks in F1. 

“It would have been fitting if we could have finished on the podium, at the very least or ideally on the top step, but that was not to be.

“That said, I think it could not have been more well handled by Lewis and by the team and I think that owes a massive amount to the respect that there is between Lewis and the team and the huge amount of appreciation for everything we have achieved together.”

Allison admitted that it had been a difficult weekend for both Hamilton and the team, with the stray bollard restricting to him to what was initially P18 but which became 16th on the final grid. 

However Hamilton did his best to motivate the team, despite his personal frustration.

“Qualifying was a difficult time for Lewis in this event with his run-in with the bollard,” he said.

“He was disappointed, we were even more disappointed for him, and yet in the debrief afterwards when we were down in the mouth he was telling us, ‘Look, put your chins up, we’re going to make the most of tomorrow and remember all the times when we’ve got this right together.’

“I think that is what it feels like. We have had some difficult seasons recently, but over the span of this relationship no other driver-team partnership has come close to matching what we have done together.

“It has just been a fantastic run for all of us, and we could not wish him more well than we did on that last day together.”

Allison indicated that but for the bollard Hamilton could have been in top three contention.

 “It is possible, yes,” he said. “I think he had been pretty speedy during the weekend prior, and was feeling confident in the car.

“The gaps actually between P5 and the front row were quite small, and had he wiggled his way into Q2 without the untimely intervention of the bollard then I think he would have had a strong qualifying session overall, and then would have been obviously much better placed to fight in the race than eventually he was.”

Regarding Hamilton’s charging race Allison said: “He was running a race which started hard and went medium. Most people in front of him were doing the opposite. They started medium and went hard.

“The hard was a slower tyre until it had done 30-odd laps. Eventually its durability means that it overtakes the medium, but for the large part of its life it is slower than the medium tyre. 

 “At the beginning of the race he looks comparatively less shiny on the slower rubber, but then when he puts on the medium and his car really sort of comes to life.

“At the very moment that some of the people in front of him are bolting on the hards and suffering the slightly slower tyre, you get the sort of compounding effect of him picking up his pace while the others are muted in pace on a slightly slower tyre.”

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