Formula One Management

The Victorian Coalition Government has secured a five-year extension to its Formula One race deal to ensure that Melbourne will remain the venue for the motor racing series’ season-opener through to 2020.

Elisha Chauhan asks Monza how it plans to reinvigorate the venue’s magic following Bernie Ecclestone’s threat to drop the historic track.

Azerbaijan’s government has completed a deal to host a new Formula One race in Baku from 2016, with the agreement set to address concerns over the expansion of the motor-racing series’ calendar following this week’s confirmation of a return to Mexico next year.

Mexico is set to return to the Formula One calendar for the first time in 23 years after it was announced that a five-year deal has been agreed for a round of the motor-racing series to be staged in Mexico City from 2015.

Formula One chief executive Bernie Ecclestone has said he is considering making a bid to retake control of the commercial rights to the motor-racing series.

Ferrari president Luca di Montezemolo has asked Formula One chief executive Bernie Ecclestone to bring together the motor-racing series’ key stakeholders to discuss its long-term future, amid fears the sport is neglecting fans and sponsors.

Formula One motor-racing team McLaren has moved to deny reports than Honda will seek to enhance its forthcoming partnership by acquiring a stake in the British outfit.

Formula One motor racing outfit Caterham has distanced itself from suggestions that the team is up for sale.

Formula One chief executive Bernie Ecclestone has ruled out an imminent return of the French Grand Prix despite recent talks between the Circuit de Nevers Magny-Cours and Formula One Management (FOM).

The French Grand Prix could return to the Formula One calendar in 2015 after Serge Saulnier, chief executive of the Circuit de Nevers Magny-Cours, said the facility is in talks over a race deal with Formula One Management (FOM).

International Motorsport Federation (FIA) president Jean Todt has labelled the cost-cutting proposals put forward by Formula One’s leading teams as a “joke”, adding that he is now seeking the input of the sport’s smaller outfits.

Russian Grand Prix organisers have denied reports that Formula One’s inaugural race in the country is in danger, while Azerbaijani officials have rejected suggestions that Baku could step in to replace Sochi on the 2014 calendar.

The Azerbaijani government has announced it has signed an official agreement for Baku to host a Formula One race from the 2016 season of the motor-racing championship.

Russian sports car manufacturer Marussia Motors has relinquished ownership of its self-titled Formula One motor racing team and has ended its car making operations.

International Motorsport Federation (FIA) president Jean Todt has stated plans to introduce a cost cap system into Formula One next season have been abandoned, while the motor racing series’ chief executive Bernie Ecclestone has said F1 has agreed to admit two new teams.

Jean Todt, president of the FIA, has said motorsport’s global governing body remains focused on introducing a cost cap system into Formula One next year, despite opposition from team owners who believe the concept is unworkable.

An investor group led by Miami-headquartered buyout firm HIG Capital is closing in on a deal to acquire historic German race track the Nuerburgring, according to the Reuters news agency.

Long Beach officials are today set to debate the merits of returning a Formula One motor racing event to the Californian city.

Bernie Ecclestone will not be removed from his role as chief executive of Formula One for the time being at least, according to CVC Capital, the private equity company that operates the motor-racing championship.

The Formula One Teams' Association (FOTA) has been disbanded due to the “changing political and commercial landscape” in the motor racing series.