I'll just get straight to the whole thing. The main reason why you can't run this game today (when you hit play nothing happens and it shows you that you can hit play again) is because of Games for Windows – Live that died a long time ago. The easiest solution to this is by adding two files to the game main folder, my case would be: D:\SteamLibrary\steamapps\common\F1 2011

The two files are xlive.dll and xlive.ini

After you insert them in your game folder you can now run the game from steam without any issues. Check the next section to see additional info about graphics and some bug fixes regarding black screens and such.

Download link: https://files.fm/u/3sa5urftu
New link: https://easyupload.io/opm1cd

Also here is the video that I made which shows you how to do the whole process:


P.S IF THE DOWNLOAD LINK IS DEAD OR DOES NOT WORK FEEL FREE TO ADD ME OR COMMENT AND I WILL POST A NEW ONE.

Now after you have successfully completed the first step of adding those 2 files and making the game run, some of you will probably have an issue where you enter the track and hear everything, even see the speedometer but everything else is black, you don't see the track or your car.

THE FIX: Go to your graphics settings and use DirectX9 instead of 11. It fixed it for me. Also after doing that change between monitor refresh rates (for example I went from 144 to 60 and apply but after that I switched back to 144).