PROFILE
The founders of Formula Money, Christian Sylt and Caroline Reid, specialise in writing about the business of Formula One and have been doing this since 2002. They are the only journalists worldwide who regularly write about the F1 industry for national media and their work is published in more than 20 publications every year. They include The Daily Telegraph, The Guardian, The Independent, The Daily Mail, The Express, The London Evening Standard, CityAM, The Wall Street Journal and Forbes.
They frequently comment on the F1 industry on television for many stations including the BBC, Bloomberg, Channel 4, CNBC, CNN and ITV. See links below to archives of their work.
Formula Money launched in 2007 as the trade guide to F1 containing more than 300 tables and diagrams including a breakdown of every team sponsorship deal, all race hosting fees and the total resources of each team. Since then Formula Money has provided data and consultancy to many F1 sponsors, circuits, teams and race promoters.
They also founded ZOOM, an innovative project where signed photos, taken by all of Formula One’s drivers and team bosses, are auctioned in aid of charity at a star-studded gala.
Outside motorsport journalism they write travel features and cover the leisure and movie industries. They also specialise in writing about the business of theme parks and work with sculptor Tom Maley to promote his motorsport-inspired sculptures which have been displayed in the F1 paddock.
In 2025, their book Fast Money, the story of the backroom deals and legendary power struggles that drive F1, was published by Hachette.
NEWSPAPER ARCHIVE
TELEVISION
ITV News 22 May 2020 Silverstone pleads with Grand Prix ticket holders not to demand refunds, as quarantine rules put race at risk
ITV News 5 April 2018 HMRC gives Formula One £180 million tax boost
ITV News 6 September 2017 F1 money given to Syrian organisation linked with Assad regime, ITV News learns
ITV News 27 April 2017 F1 and the Serious Fraud Office
ITV News 27 April 2017 Revealed: The $5m contract that favoured F1’s top teams
ITV News 24 March 2017 Exclusive: Call for Parliament investigation into Formula 1's 2% tax rate
ITV News 24 January 2017 MPs raise 'severe conflict of interest' at heart of F1 takeover
ITV News 5 January 2017 Future of British Grand Prix at Silverstone at risk over 'potentially ruinous' costs
ITV News 25 November 2016 Revealed: How Formula One drove its tax bill down to just £5.2m on £372m of profits
ITV News at Ten 6 September 2016 Liberty’s F1 sale bid
ITV News at Ten 15 May 2009 Max Mosley
CNN Quest Means Business 8 September 2016 Liberty Media sale of F1
CNN 22 April 2016 Sochi by Numbers
CNN 22 February 2016 Ecclestone blasts F1
CNN 24 July 2015 Is Europe important to the future of Formula one?
CNN World Sport 4 December 2014 Ecclestone's position as F1 supremo under threat?
CNN 21 November 2014 Is F1 racing into financial trouble?
CNN 7 November 2014 Where does F1's money come from?
CNN 5 September 2014 Fallout from Mercedes' drivers feud
CNN 29 August 2014 Formula One in Russia and Greece
CNN 25 August 2014 The aftermath of Rosberg and Hamilton's clash at Spa
CNN 5 August 2014 Ecclestone bribery trial
CNN 28 July 2014 Team orders in F1
CNN 4 April 2014 Why is F1 so lucrative?
CNN 16 January 2014 Bernie Ecclestone to face trial in Germany
CNN 19 September 2012 Singapore: The future of F1 finance?
CNN 16 November 2009 Mercedes buys Brawn
CNN Richard Quest July 2009 BMW's exit from F1
BBC Newsnight 23 January 2017 Bernie Ecclestone's departure
BBC World News 8 September 2016 The sale of F1
BBC World News 18 March 2016 Preview of the F1 season
BBC World News 10 February 2014 F1 in Sochi (1)
BBC World News 10 February 2014 F1 in Sochi (2)
BBC Newsnight 12 December 2013 F1 in the High Court
BBC World News 20 July 2013 Bernie Ecclestone indicted
BBC News at Ten 3 June 2011 Bahrain Grand Prix
BBC World: Formula for Success (Episode 7) 2007
BBC World: Formula for Success (Episode 3) 2007
RADIO AND PODCASTS
BBC Northampton 6 January 2017 The future of Silverstone
BBC Northampton 21 November 2016 The Russian bid for Silverstone
BBC Northampton 7 November 2016 The problems facing Silverstone
BBC Northampton 30 September 2015 The future of the British Grand Prix
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