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Fast Five: F1 assuming broadcast control in Monaco, Hamilton tops Verstappen in Forbes rich list, and other big updates

Today's F1 News Delivered Faster Than a Pit Stop

F1 assuming broadcast control in Monaco, Hamilton tops Verstappen in Forbes rich list, and other big updates from around the world of Formula 1.

TODAY'S HIGHLIGHTS:
  • F1 assuming broadcast control in Monaco
  • Hamilton tops Verstappen in Forbes rich list
  • Ferrari donates €1M for flood relief
  • Billionaire admits "serious discussions" to join F1
  • From concept to reality: producing an F1 car

F1 assuming broadcast control in Monaco

From 2023, the Monaco Grand Prix will undergo a significant change in TV production. Previously handled by local broadcasters, Formula 1 has taken control of the coverage, aiming to ensure consistency and higher quality for viewers. This move aligns Monaco with the rest of the calendar and addresses previous broadcasting misjudgments. The transition marks the completion of a process that began in the 1990s when F1 ventured into pay TV and gradually centralized its TV operations. The change in TV production for Monaco signifies a positive step towards delivering dynamic and accurate coverage to fans.

Click here to read the full article by Samuel Coop (formulanerds.com).

Hamilton tops Verstappen in Forbes rich list

Lewis Hamilton has outperformed Max Verstappen in the 2023 Forbes rich list, ranking 21st among the world's wealthiest athletes, while Verstappen is placed 22nd. Hamilton's earnings totaled $65 million, combining his $55 million from Formula 1 and an additional $10 million from commercial ventures. Although Verstappen earned more from F1 with around $60 million, his off-track earnings of $4 million placed him behind Hamilton overall. Despite this financial victory, Verstappen has been dominant in Formula 1, winning 19 out of the last 28 races and securing the championship.

Click here to read the full article by Andrew McLean (gpfans.com).

Ferrari donates €1M for flood relief

Ferrari has donated €1 million to support the relief efforts in Emilia Romagna, which has been severely affected by flooding. The region experienced the worst flooding in 100 years, causing fatalities and displacing thousands of people. The donation reflects Ferrari's strong connection to its hometown and the surrounding region. Ferrari's CEO, Benedetto Vigna, emphasized the company's commitment to supporting the community during difficult times.

Click here to read the full article by Michael Delaney (f1i.com).

Billionaire admits "serious discussions" to join F1

Calvin Lo, a Hong Kong billionaire, is in serious discussions about entering his own Formula 1 team when new power unit regulations are implemented in 2026. He believes that F1 needs more teams to accommodate talented drivers and wants to enhance the Asian market's influence in the sport. Lo acknowledges the challenges of entering a team and emphasizes the need for sustainability. He aims to establish an Asian team based in the Pearl River Delta. There have also been rumors about tech billionaires Jeff Bezos and Elon Musk showing interest in buying Formula 1.

Click here to read the full article by Nick Golding (formula1news.co.uk)

From concept to reality: producing an F1 car

Head to the Mercedes AMG Formula 1 factory for tips on the production of an F1 car. From working closely with the aero group to optimize a solution ahead of the final release and working with manufacturing to ensure the best quality components are achieved, there's a lot that goes into the design, production and upgrade of a Formula 1 car.

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