Formula One Management
The Formula One motor-racing series has registered a rise by more than a third in its pre-tax profits for 2014, while revenues also increased by 3.2 per cent, according to the Daily Telegraph.
French automotive manufacturer Renault has held talks with Force India about acquiring a majority stake in the team, as it explores its options surrounding its role in the Formula One motor racing championship.
Formula One is set to retain an 11-team grid for its 2016 season after the International Motorsport Federation (FIA) rejected approaches from two bidders to enter new teams in the motor-racing championship.
SportBusiness in Numbers 8 | Media | How major sports events fared on TV in Europe’s big five in 2014-15
Audience ratings and trends for major events in 2014-15 including the Fifa World Cup, Winter Olympics, Tour de France and more, with data from Eurodata TV Worldwide.The Fifa World Cup 2014 generated the largest average audience for a major international sports event (as opposed to domestic leagues and competitions) in four of the five major European markets in 2014-15.
Mercedes motorsport chief Toto Wolff has said the financing is in place to secure the German Grand Prix’s return to the Formula One calendar next year, while a US-based investment group is reportedly seeking to acquire a team in the motor-racing series.
Azerbaijan has been handed a race date of July 17 for its Formula One debut, with Baku’s European Grand Prix amongst a number of changes to the makeup of the calendar for a 2016 season of the motor racing series which is set to include a record 21 races.
British sportscar marque Aston Martin has dismissed speculation concerning a return to Formula One, stating a deal in the motor-racing series would be improbable at best.
Formula One’s commercial rights-holder and main shareholder CVC Capital Partners has maintained it is under no pressure to sell its controlling stake in the motor-racing series, according to co-chairman Donald Mackenzie.
Formula One’s Strategy Group has given its latest update on plans to shore up the future of the motor racing series, stating that important decisions and “innovative evolutions” have been approved.
RSE Ventures, which owns the Miami Dolphins American football franchise in the North American NFL, has linked up with Qatar to lodge a bid to acquire a controlling stake in the Formula One motor-racing world championship, according to reports.
Formula One chief executive Bernie Ecclestone has said he is considering the prospect of a race-sharing deal between Imola and Monza in a bid to secure the future of the motor racing series’ Italian Grand Prix.
Mercedes Formula One chief Toto Wolff has revealed plans to reintroduce refuelling to the motorsport series are set to be shelved.
Mercedes motorsport head Toto Wolff has revealed that Formula One’s current dominant team has been approached by three other constructors over the possibility of acquiring so-called “customer cars”.
German automaker Audi is open to entering Formula One amid growing speculation that it could partner Red Bull Racing as the team’s engine supplier.
Spain has become the second Formula One host to extend its race contract this season, with the Circuit de Barcelona-Catalunya confirmed as the venue for the Spanish Grand Prix until 2019.
Iran is planning to develop a circuit to host Formula One motor racing on the island of Qeshm, according to IRNA.
Malaysia will retain its place on the Formula One motor racing calendar through to 2018 after Sepang International Circuit agreed a three-year extension to its race contract.
Australian Grand Prix Corporation chairman Ron Walker has hit out at New South Wales Premier Mike Baird’s plan to lure the country’s Formula One race from Melbourne to Sydney as the opening weekend of the 2015 season of the motor-racing championship got underway today (Friday).
Northern Irish businessman Stephen Fitzpatrick has been confirmed as the principal investor, and effective owner, of the Manor Marussia Formula One outfit, as the revived team declared itself ready to race for the 2015 season of the motor racing championship.