Formula 1

Vietnam will host a Formula One grand prix on the streets of Hanoi in 2020, according to government officials in the country

A deal has been reached that will retain the Belgian Grand Prix on the Formula One calendar through to 2021, according to the government of the region of Wallonia.

Research and strategy consultancy MTM has launched a specialist sports division which will seek to advise stakeholders on how to best operate in digitally-driven markets.

Arif Rahimov, promoter for the Baku Formula One Grand Prix in Azerbaijan, has revealed that he has opened talks about a revised contract with organisers of the motor-racing championship as he seeks to secure a return to a June slot on the calendar, lower hosting fees and greater commercial benefits.

McLaren Group, parent company of the eponymous Formula One motor racing team, has today (Monday) confirmed fresh investment of £203.8m (€231.3m/$277.2m) from Canadian businessman Michael Latifi.

Digital media company Motorsport Network has expanded into the ticketing market by acquiring UK-based operation BookF1.com.

The City of Miami Commission has scheduled a vote for May 10 to decide whether to back plans to stage a second US Formula One race in the city.

The Formula One motor-racing championship has today (Thursday) made its first investment in an external company through a deal with PlayON that has resulted in the launch of fantasy sports games for F1 and granted the sports entertainment firm live streaming rights to the sport.

Dutch Formula One motor-racing driver Max Verstappen has entered into a three-year endorsement partnership with telco Ziggo.

British Formula One motor-racing driver Lewis Hamilton has entered into a partnership with US fashion and lifestyle brand Tommy Hilfiger.

Formula One teams Force India and Sauber have dropped the complaint they filed with the European Commission in 2015 concerning anti-competitive practices in the motor-racing championship.

The Formula One motor-racing championship has engaged media agencies Wavemaker and Brainlabs in a bid to enhance its brand on a global level.

US mass media company Liberty Media has announced today (Monday) that it intends to launch a process to refinance the $3.302bn (€2.76bn) first lien term loan of certain subsidiaries of Delta Topco, the subsidiary which holds all of its interests in the Formula One motor-racing championship.

Mercedes has become the latest Formula One team to threaten to quit the motor-racing series over proposed changes its new owner, Liberty Media, is seeking to introduce.

Italian sports car manufacturer Ferrari has warned that it could walk away from Formula One after stakeholders in the motor-racing championship this week revealed a host of proposed changes and regulations for the series.

France’s financial watchdog, the Parquet National Financier (PNF), is investigating the role played by the International Automobile Federation (FIA) in January’s takeover of the Formula One motor-racing series by US mass media company Liberty Media, according to the New York Times.

Formula One teams have turned down the chance to invest in the motor-racing series, after Liberty Media confirmed that a deadline for the initiative has expired.

The British Racing Drivers’ Club (BRDC), owners of the Silverstone racing circuit, have today (Tuesday) formally triggered the break clause in its contract with Formula One stating that hosting the British Grand Prix is not “financially viable” unless fresh terms are agreed.

Zoran Stefanovic, the businessman behind the failed effort to establish a Formula One team named Stefan GP, has revealed he is planning to form a new Italian-based entry for the motor racing series.

The British Racing Drivers’ Club (BRDC) is set to activate the break clause in its contract to host the British Grand Prix at Silverstone as it seeks to negotiate more favourable terms for the Formula One race, according to the Mail on Sunday.