Recently departed Paddock staffers, Christian Sylt and Caroline Reid have launched Formula Money.

Formula Money is an annual review of Formula One motor racing’s financial health.

The Paddock magazine has hired Tim Urquhart as editor and Quentin Spurring as editorial consultant to replace Sylt and Reid.

The Paddock is a motor sport and lifestyle magazine aimed at people in the motor sport business.

[lnk|http://www.featuresexec.com/publications/info_features.php?pubid=9999|_self|The Paddock]