UK motorsport businesses missing out on corporation tax relief Sport Business The heart of the UK’s Formula 1 and motorsport hub could be paying unnecessarily high tax rates because they’re unaware of free relief available to them, a new study has revealed. Less than 10 per cent of firms are claiming Patent Box relief in the motorsport corridor of the UK, which houses the likes of [...]
Formula 1: Drive to Survive maker in the red after huge expansion Media The maker of hit Netflix series Formula 1: Drive to Survive has fallen into the red despite its turnover accelerating by almost 180 per cent. Box to Box Films, which was founded by James Gay-Rees and Paul Martin and is headquartered in London, has reported a pre-ax loss of £4.4m for the year to 31 [...]
Hamilton: I cannot be more excited about Ferrari move Sport Lewis Hamilton has spoken about his move to Ferrari, stating he is excited for the year ahead. The seven-time world champion F1 driver has made the move from Mercedes to Maranello to join Charles Leclerc at Ferrari. He joins a team who appeared to be on the up towards the end of the 2024 season, [...]
Sport in 2025: A rallying cry to London, Mayor Khan and Londoners January 2, 2025 For at least the past five years it has felt as if London was disappearing off the global sporting stage. The capital may boast the Home of Cricket, 17 professional football clubs and five stadiums with a capacity of over 50,000 but huge sporting events have sought refuge in the likes of Saudi Arabia, the [...]
Ratcliffe, IPL and Littler: The City AM Sport 2024 year in review December 31, 2024 It was the year that was in sport; when iconic athletes retired, major brands made fascinating choices and one pole vaulter was knocked out of the Olympics because of his hefty package. The 12 months that made up 2024 weaved the retirement of cricketer James Anderson with the iconic breakdancer Raygun, it saw a German [...]
The 2024 and 2025 F1 seasons with P1 podcasters Matt and Tommy December 20, 2024 When City AM sat down with Matt Gallagher and Tom Bellingham 18 months ago the podcasting duo had just set up their own F1 startup, P1 with Matt and Tommy. A season-and-a-half and two Max Verstappen world titles later and the duo are enjoying a run of sold out shows replicating their streaming set up, [...]
Full Formula 1 grid as Isack Hadjar joins to complete 2025 line up December 19, 2024 All seats on the 2025 Formula 1 grid have been filled after Liam Lawson was confirmed as Sergio Perez’s replacement at Red Bull Racing with Isack Hadjar replacing the Kiwi at RB. Mexican Perez was sacked on Wednesday after a 2024 season where he consistently finished below par in comparison to his teammate Max Verstappen. [...]
McLaren winning Constructors’ Championship shifts tectonic plates of F1 December 10, 2024 At first glance Formula 1 might look like a billionaire boys’ club, where the cash reserves are endless and the supplies infinite. And to a large extent, that’s true. But the motorsport series has a budget cap now which was introduced to level the playing field, to allow challenger teams to take on the might [...]
Ferrari to help General Motors and Cadillac Formula 1 entry December 10, 2024 Ferrari will provide engines and a gearbox to the General Motors and Andretti bid that will see Cadillac enter Formula 1 in 2026. The agreement, subject to the American newcomers having their application approved by both Formula 1 and the sports governing body the FIA, represents a huge obstacle passed for the General Motors team, [...]
Major bank sponsor follows Carlos Sainz from Ferrari to Williams December 9, 2024 Spanish banking group Santander has switched its Formula 1 team sponsorship from Ferrari to Williams after driver Carlos Sainz Jr made the same move. Williams said the partnership was a “multi-year” agreement, believed to be in line with Sainz’s contract at the Oxfordshire-based team, which runs until 2026 with the option of an extension. Santander’s [...]