Scoreboard:
The Business of Formula One
The Financial Times proposes to publish this Special Report on 05 December 2025
We plan to include the following pieces of content (this synopsis is provisional):
Antonelli Interview “The Making (and Cost) of a Mercedes Driver”
Mercedes’ rookie Kimi Antonelli is more than the sport’s next young hope — he’s the product of a multimillion driver development programme. We speak to Antonelli about the pressures of being the team’s long-term investment and explore how Mercedes — like other elite F1 teams — treats young talent as both a sporting bet and a business asset.
Jonathan Wheatley – Life After Red Bull
After 19 years at Red Bull, Jonathan Wheatley made one of the most talked-about moves of the year, defecting to become Team Principal at Sauber, soon to become Audi F1 in January. There’s a rich story to explore – his past under Horner, his new role shaping Audi’s entry, and his long-term vision for the team.
2026 Regulations & Sustainability
The 2026 regulations mark a significant shift toward sustainability, introducing increased engine electrification and low-emission fuels. We’ll produce an explainer on what’s changing, assess F1’s progress toward its Net Zero 2030 goal, and question whether sustainability still holds the same geopolitical weight it once did.
Long-Term Promoter Contracts
F1’s race promoters — the local organisers, from state-backed tourism boards in the Gulf to private investors in the U.S. — are locking in contracts longer than ever, with some running to 2035 and Miami secured through 2041. We examine the commercial logic behind these multi-year agreements, their impact on hosting fees, and what they reveal about F1’s global confidence and growth strategy.
MotoGP – Liberty Media’s Next Move
Following Liberty Media’s $4bn acquisition of MotoGP, we speak to Guenther Steiner about why he’s fronting a team takeover within the series. What does Liberty’s expansion into two-wheel racing mean for F1’s ecosystem – and is consolidation of global motorsport on the horizon?
F1’s Volunteer Stewards – The Unpaid Referees of a Billion-Dollar Sport
F1 is a multi-billion-dollar sport: drivers earn millions, teams attract vast sponsorships, and media rights soar. Yet, the stewards — the sport’s referees — remain volunteers. With growing calls for professionalism, we ask: why hasn’t F1 modernised its officiating structure?
Life in the Fast Lane: The Hidden Workforce Behind Formula 1
Away from the spotlight, hundreds of specialists travel the globe to keep Formula 1 running — from pit-crew tyre changers to logistics coordinators. We profile one of the sport’s travelling team members to reveal what life on the road is really like: the pay, the workload, the camaraderie and the toll.
FIA Presidential Election
The FIA Presidential Election takes place on December 12, just after our publication date – and it’s shaping up to be a major moment for motorsport governance. We’ll speak to both candidates and explore what’s at stake: the future direction of F1, motorsport regulation, and the FIA’s global influence.
The Business of Speed: Why Car Makers Still Chase F1 Glory
As Audi prepares to join Formula 1, we examine what global car brands really seek from an association with the sport — and whether it pays off. From Mercedes and Aston Martin to Renault and Alfa Romeo, manufacturers have long used F1 for marketing, innovation and prestige. But with the motor industry under financial and environmental pressure, can mainstream carmakers still justify the cost of going racing?
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