@FormulaMoney

F1’s industry monitor. The only reporters who specialise in covering the business of F1. Founded @ZoomAuction & member of @pressgazette Journalism Hall of Fame

 Dubai, United Arab Emirates
formulamoney.com
Joined March 2010
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  • Followers13.5K
3.7KMedia
We were commissioned by @exposetobacco to calculate the total spent by tobacco companies on F1 over the years. You can read more at the link below and Formula Money's Caroline Reid, the editor of the research, will be tweeting some key facts about it here. exposetobacco.org/news/f1-ad…

The Sport of Formula 1 Has Made More than $4 Billion from Advertising Tobacco to Fans - STOP

Analysis of tobacco industry advertising in F1 exposes the extent of Big Tobacco's reach in the sport and how companies skirt ad bans

exposetobacco.org
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A few notes on how we compiled the data. The Formula Money Sponsorship Database (sponsors.formulamoney.com) covers all F1 sponsorship deals back to 2004. However, the vast majority of tobacco sponsorship occurred before that.

Home - Formula Money

sponsors.formulamoney.com
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We spent a long time analysing team liveries, trackside advertising, accounts, marketing documents etc to calculate how much had been spent going all the way back to Gold Leaf's sponsorship of Lotus in 1968. You can read the full report here: exposetobacco.org/wp-content…
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Formula Money retweeted
Paren@P8REN_24 Jul 2020
So clearly this didn’t happen. Latest news I have is that the circuit are pushing for a November date & hope to announce it this month or by Aug. The hotel which I think a team is staying in have blocked out most dates in November due to an “event”. @FormulaMoney #F1 #VietnamGP
Paren@P8REN_2 Jul 2020
UPDATE: Announcement now set for next week. #VietnamGP #F1 @FormulaMoney
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Forgot to Tweet this last week. @gsep123 was spot on that if someone breaks their bubble in #F1 for medical reasons they are exempt xitter.cf/McLarenFanPage/status/…
Formula Money@FormulaMoney14 Jul 2020
If #F1 personnel can't break their bubbles at races what if they need check ups? As someone living with cancer one of the riskiest things I've had to do in quarantine is get blood tests. Surely some of the 2000+ #F1 staff have had to see a doctor/consultant in the past 2 weeks?
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There must have been fewer sponsorship announcements during this season than any previous year. Probably the biggest hasn't even been announced. That's Citibank's partnership of #F1 which only shows on the sport's website. The good news is that not many deals have disappeared!
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Always find nuggets in reports of libel trials. Today's is that you can choose to sue someone quoted in a piece, the author of the piece and/or the outlet. The current High Court case is the latter but the former are just as common. #F1 author Tom Bower is often sued personally
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'Revealed: The Magic Formula For Calculating The Cost Of A Theme Park' via @forbes by @FormulaMoney forbes.com/sites/csylt/2020/…
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Ever wondered how much theme parks cost to build? The answer is in our latest feature here 👇 forbes.com/sites/csylt/2020/…
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If #F1 personnel can't break their bubbles at races what if they need check ups? As someone living with cancer one of the riskiest things I've had to do in quarantine is get blood tests. Surely some of the 2000+ #F1 staff have had to see a doctor/consultant in the past 2 weeks?
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Spectacular idea but it looks like the kind of thing that would attract large crowds of people watching it!
ABC News
@ABC12 Jul 2020
DANCE OF THE DRONES: Authorities in South Korea used an eye-popping drone display to raise awareness of coronavirus hygiene practices. abcn.ws/3ecuvNi
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Mercedes F1 boss Toto Wolff in favor of extending current Concorde Agreement through 2021 hsbu.us/FrmAq1f

Mercedes F1 Boss in Favor of Extending Concorde Agreement through 2021

Current 5-year financial deal with teams set to expire at the end of 2020 season.

autoweek.com
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Toto Wolff says he would race with an extension to the current Concorde Agreement in 2021 to avoid the contracts running out if there is no time for negotiations. It would give short-term visibility though the current terms are weighted in Mercedes' favour autoweek.com/racing/formula-…

Mercedes F1 Boss in Favor of Extending Concorde Agreement through 2021

Current 5-year financial deal with teams set to expire at the end of 2020 season.

autoweek.com
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So the UK government has spent £27.4 billion on the furlough scheme so far. Got to wonder how long it will take to pay that back. None of my companies has ever employed anyone so I've not shared in the benefit but I'm sure we will all have to contribute to paying it back!
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Last month a source close to Williams said that it was "already starting to see a number of quality options develop." This has now come to fruition as Claire Williams has told @adamcooperF1 it is in talks with "high quality" investors.
Motorsport
@Motorsport10 Jul 2020
Williams says it is in talks with "high quality" potential investors #F1 motorsport.com/f1/news/willi…

Williams in talks with "high quality" potential investors

Williams deputy team principal Claire Williams says that the Grove outfit is still talking to 'high quality' potential investors and buyers into the Formula 1 squad.

motorsport.com
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Have to say, good on the @fia for ruling on the Merc DAS steering system so quickly. I expected that to drag on for weeks. A swift decision isn't as interesting for journos though! Not a patch on the Benetton 1994 fuel filter enquiry which is my favourite as it had so many layers
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Fun fact: the lawyer who defended Benetton in that case was the UK's top libel lawyer and father of my first boss. He defended Tom Cruise, Elton John, Branson and many others. His son @CarmanDominic is still a close friend of mine and one of the most well-connected legal writers
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