Chase Carey

Formula 1: FIA agrees to cap F1 teams spending to $145 million in 2021, will scale down in subsequent years

FIA said in a statement that the cap will be scaled down to $140 million in 2022 and $135 million for 2023-2025, based on a 21-race season. It excludes driver salaries and engine costs.

Formula 1 considers racing on circuits not on 2020 calendar to boost revenue for the season

The Liberty Media-owned sport reported first quarter revenues of $39 million on Thursday, compared to $246 million in the same period last year, with no races scheduled for Q2 either.

Coronavirus Outbreak: Formula 1 CEO Chase Carey says they hope to start delayed season with Austrian Grand Prix in July

Formula One hopes to start its delayed 2020 season in Austria in July without spectators before ending in Abu Dhabi in December after races in Asia and the Americas, chairman and CEO Chase Carey said.

Coronavirus Outbreak: Formula One furloughs almost half its staff until May, bosses take pay cuts

Sources said those on furlough were mainly Formula One employees whose work was race weekend focused and who could not carry it out remotely. The company employs in excess of 500 people.

Coronavirus Outbreak: Formula 1 chairman Chase Carey expecting a shortened season of 15-18 races

Formula One expects to run a shortened season of 15-18 races once racing can resume after the coronavirus pandemic, hopefully during the European summer, chairman and chief executive Chase Carey said.

Coronavirus pandemic: F1 CEO Chase Carey apologises to fans as COVID-19 affects early part of season

Formula One CEO Chase Carey has apologized to fans for the early part of the series being called of by the coronavirus outbreak.

Coronavirus pandemic: Formula 1 chief executive Chase Carey feels season is in turmoil post cancellation of Australian GP

The Formula One season was thrown into doubt with the cancellation of the Australian Grand Prix due to the coronavirus, with chief executive Chase Carey saying it was 'challenging' to predict when the next race might take place

Formula 1 sets out plan to achieve zero-carbon footprint for the sport by 2030

Formula 1, which will have a record 22 grands prix next year with the 10 teams flown around the world, said carbon reduction projects would start immediately.

Formula 1 chairman Chase Carey says organisers will have to overcome several hurdles ahead of proposed Miami race

Next year’s calendar is set to expand to a record 22 races and Carey said the Liberty Media-owned sport had no ‘magic number’ in mind for further expansion

Formula One: F1 teams should have no say in sport's governance, says Formula E chief executive Alejandro Agag

Formula One teams should have no say in the governance of the sport because they follow their own agenda and are an obstacle to change, Formula E founder and chief executive Alejandro Agag said on Thursday.