Hot on the heels of the new technical controversies, the 2012 season has also kicked off in the sport’s high-intrigue world of politics.
A fascinating blog post by Sky News’ City editor Mark Kleinman has been pulled from the internet just hours after it went live.
It was about "F1 finance and control allegedly involving Ferrari, Red Bull and (the sport’s owner) CVC", according to veteran journalist and broadcaster Maurice Hamilton on Twitter.
"Has someone spoken out of turn?" wondered the Times’ Kevin Eason.
The Telegraph’s Tom Cary said the rumour is that a $10 billion stock market floatation for F1 could be in the works "with Ferrari (and) Red Bull getting special deals".
"There is no smoke without fire with this one," added Eason. "No wonder Ferrari and Red Bull ditched FOTA."
The document that currently governs F1 and its finances, the Concorde Agreement, runs out this year, and now F1’s most famous team - Ferrari - and the reigning world champions are outside the trade union FOTA.
"Coincidence? Highly unlikely," said Cary.
F1 chief executive Bernie Ecclestone insists no deals have been done yet.
"I’d like to try to do something before the season starts," he said this week. "I don’t want it dragging on."
As for his take on FOTA, "Ferrari would never go do a deal with those clowns," the 81-year-old scowled.