CVC Looks to Offload F1 Shares Valued at US$10 Billion
CVC Capital Partners Ltd. has just requested the services of Goldman Sachs Group Inc. to help explore the possibility of selling their stake in Formula One in an initial public offering (IPO).
Report: Pirelli to supply tyres to F1 in 2011 and beyond
Report have emerged online that Pirelli will be F1’s sole tyre supplier in 2011 and beyond. Italian media Autosprint and Italiaracing say that Pirelli has been selected by the teams and F1 chief executive Bernie Ecclestone to replace Bridgestone who’s leaving the sport by season’s end. Click here to read more
Korean Grand Prix could be dropped in favour of a return to the French Grand Prix at Magny Cours
Despite reports claiming otherwise, damning reports of the inaugural Korean grand prix falling off the 2010 calendar continue to circle the internet. Now there are even rumours of a potential replacement for the doomed grand prix race. France’s Auto Hebdo magazine reports that the historic Magny Cours is a potential replacement venue for the Korean …
Avon potential supplier of tyres in Formula One next year
Avon has confirmed reports it is a potential supplier of tyres in formula one next year. The name entered the frame as a potential replacement for F1’s departing sole supplier Bridgestone in China last weekend, amid suggestions the teams group FOTA had agreed an in-principle deal with Michelin. But with the famous French marque wanting …
Sepang International Circuit to undergo upgrades – Circuit boss wants to spend RM60mil on upgrades and improvements
If you’re Malaysian and a track junkie then you should know that the Sepang International Circuit is not in its best shape since it first opened its tarmac to rubber in 1999. And we are not the only ones who know that, apparently F1 supremo Bernie Ecclestone has been hot on the track managements heels …
USF1 Rides Into The Sunset – Is There Hope For Stefan GP?
USF1’s dream is definitely over, after the FIA reportedly decided to reject the American team’s request to freeze its official entry until 2011. Germany’s Auto Motor und Sport reports that the governing body is now deciding whether or not to immediately pass the final team slot to Stefan GP mere days before the season begins …
Three New Teams May Miss The Formula One Season Opener Race
F1’s struggling new teams could miss the season opener next month and escape penalty. Previously, failing to contest a round of the world championship for a reason other than ‘force majeure’ resulted in a total loss of rights and exclusion from the sport.
Honda Team In Countdown To F1 Rescue
The outfit currently known as Honda is facing a 10-day countdown to survival, amid rumours Bernie Ecclestone may be willing to invest in the Brackley-based squad. It was strongly rumoured this week that boss Ross Brawn is readying his troops for the 2009 season, with Jenson Button and Bruno Senna to occupy the cockpits. But …
FIA Cuts Cost By 50% For The 2009 F1 Season
As expected in Monaco on Friday, the FIA’s World Motor Sport Council rubber-stamped a raft of cost-saving measures for formula one. For next year, the engine rev limit will drop to 18,000 rpm, and engine life will double by the imposition of a cap of the use of 20 engines per team per season.
Shocking: Honda F1 Team For Sale
The current global economic climate has claimed another victim in the shocking form of the Honda F1 team. If a number of reports turn out to be true, the once world champions will be up for sale and if the legendary Japanese racers don’t find a buyer soon, they won’t be campaigning in 2009.
Your Opinion: Should F1 Race Winners Be Award Medals Instead Of Points?
“Gold, Silver, Bronze to replace 10, 8, 6 system – No More Lucky Wins” Here’s something for ya’ll to ponder about. F1 Chief Executive, Bernie Ecclestone revealed recently he wants the drivers on the podium to be presented gold, silver and bronze medals, rather than awarded ten, eight and six points respectively. Olympics style. The …
