Sports Mole rounds up all of the latest news regarding Formula 1 on Monday, June 8.

Monday morning's headlines:

No more '50 million' contracts for Hamilton - Ecclestone
The days when Lewis Hamilton earns eye-popping amounts of money per year from Formula 1 are over. Read more.

Bill Gates tipped to attend F1's 'corona' re-start
Bill Gates is slated to attend the opening 'ghost race' of 2020 in Austria. Read more.

Binotto chides Mercedes for reverse grid veto
Mattia Binotto has revealed that Ferrari was in favour of Liberty Media's 'reverse grid' idea for the initial spectator-less races in 2020. Read more.

Wolff buys back some Williams shares - source
Toto Wolff has reportedly bought back into struggling F1 team Williams. Read more.

Indycar owner reveals Ferrari talks
Ferrari has already had talks about joining Indycar for 2022, according to series owner Roger Penske. Read more.

Binotto admits Ferrari not favourite for Austria
Mattia Binotto has admitted Ferrari is not the favourite to win the first 'ghost races' of 2020. Read more.

Sainz 'fast enough' to be champion - Binotto
Ferrari will not prevent Carlos Sainz from becoming a world champion in red. Read more.

Engine rules tweaks revealed before 2020 re-start
One month before the racing resumes, the FIA has installed some new engine rules in the wake of the Ferrari legality scandal of 2019. Read more.

Binotto hopes Vettel moves to Mercedes
Mattia Binotto has denied that Ferrari and Sebastian Vettel parted ways because of the details of a proposed contract. Read more.

George Russell continues winning run at Virtual Grand Prix
The Williams driver has won three in a row. Read more.