Formula One Management

Formula One supremo Bernie Ecclestone has revealed that the inaugural Grand Prix of America in New Jersey “is not on the cards” for next year, due to the lack of funding raised by its organisers.

Formula One has extended its contract with managers of the Suzuka circuit for it to remain host of the Japanese grand prix until at least 2018.

The Silverstone race track – host of Formula One’s British grand prix – has reportedly been sold to a real estate firm.

The Russian Automobile Federation (RAF) has reportedly missed the deadline to apply for its scheduled Formula One grand prix in Sochi next year.

Formula One supremo Bernie Ecclestone and organiser of the Indian grand prix Jaypee Group have confirmed that the race will not take place in the 2014 season.

Private equity firm and Formula One owner CVC has reportedly refinanced a $2.5 billion loan with the Royal Bank of Scotland and Goldman Sachs.

Formula One paid just £1 million in corporation tax in the UK in 2011 despite profits in excess of £300 million, due to a series of complex tax arrangements, according to The Independent.

Formula One owner CVC Capital Partners will monitor CEO Bernie Ecclestone's bribery indictment by German prosecutors.

The government of Thailand has shifted its focus from capital Bangkok to the island of Phuket as the location of a proposed Thai Formula One grand prix from 2015.

A contract, believed to be 15 years long, has been signed for the grand prix in New Jersey to be added to the Formula One calendar from next season.

CVC Capital Partners, part owner of Formula One motor racing, is reportedly planning a $2 billion takeover bid of media rights agency, IMG Worldwide, according to Sky News.

Formula One team Mercedes will provide fellow constructors Williams with engines from next season under a long-term partnership announced today.

Paddy Lowe is set to move from Formula One team McLaren to join Mercedes as executive technical director.

German manufacturer BMW has rubbished comments by Formula One commercial supremo Bernie Ecclestone on its return to the sport.

Formula One supremo Bernie Ecclestone has received backing from the board to remain the head of the motor sport unless he is convicted for bribery allegations by German authorities.

Honda will make a return to Formula One racing in 2015, following an announcement today on its partnership with McLaren as an engine supplier.