Ex-Marussia chief warns against F1 overspend July 27, 2015 Marussia went into administration in October last year, four years after joining F1, having accumulated debts of £63.6m. Creditors including computer company Dell, F1 team McLaren and Pirelli were paid just 1.3p in the pound. The team was rescued in February by Stephen Fitzpatrick, the boss of energy firm Ovo, and it is now known [...]
F1 British Grand Prix 2015: Lewis Hamilton reigns when it pours at Silverstone July 5, 2015 Formula One world champion Lewis Hamilton toasted a successful gamble after he tightened his grip on the drivers' title with victory in the rain-hit British Grand Prix yesterday. Read more: Button resigned to more pain at Silverstone Hamilton led home team-mate Nico Rosberg for a fifth win this season and the sixth Mercedes [...]
F1 British Grand Prix 2015: How house prices accelerated with British winners – from Stirling Moss to Lewis Hamilton at Silverstone July 5, 2015 As Lewis Hamilton drove to glory at Silverstone today, the world's top racing drivers aren't the only ones with almost super-human speeds and anyone who has invested in property is already a winner. In the last 60 years since Stirling Moss was the first Brit to triumph at the British Grand Prix, house prices have accelerated [...]
British Grand Prix: Jenson Button resigned to more pain at Silverstone July 2, 2015 Former world champion Jenson Button admits he is unlikely to break his British Grand Prix curse this weekend when Formula One returns to Silverstone. Read more: Button ditches the fast lane to promote life on two wheels Button has never finished on the podium in 15 attempts at his home race and the 35-year-old [...]
Former F1 boss Martin Whitmarsh plotting a course to historic America’s Cup triumph June 29, 2015 He may be more accustomed to masterminding motorsport success, but ex-Formula One team boss and sailing convert Martin Whitmarsh is now focused on creating history and ending the interminable wait for British glory in the America’s Cup. Read more: Ainslie has arrived just as the true Cowes sailing business begins Former McLaren chief [...]
Sky and Liberty compete with Qatari investors for Formula 1 deal June 28, 2015 Two new companies have joined the race to buy CVC's 35.5 per cent stake in Formula 1 (F1). Read more: Business lessons from Formula 1: Have you overloaded on talent? Broadcaster Sky and telecommunications firm Liberty are said to have held informal discussions with the private equity firm, which is selling off its part [...]
German businessman who sued Ecclestone jumps into F1 bid talks June 24, 2015 ONE OF the leaders of the German sports media firm that brought a $100m (£64m) case against Formula 1 boss Bernie Ecclestone in 2013 has reportedly been brought on board as part of the consortium trying to buy the motor-racing giant. Bidders RSE Ventures and Qatari Sport are looking to buy a controlling 35 per [...]
US and Qatari team gears up for £5bn F1 deal June 23, 2015 FORMULA 1 could make its first breakthrough into the US market if a deal being put together by the owner of American football team the Miami Dolphins and Qatar Sports Investments is successful. RSE Ventures, founded by US real estate and sports tycoon Stephen Ross, is targeting a 35.5 per cent stake, currently owned by [...]
Hamilton’s lead trimmed again by Rosberg win June 21, 2015 WORLD champion Lewis Hamilton blamed a technical fault for a slow start that helped Mercedes team-mate Nico Rosberg cut the Briton’s lead in the drivers’ standings at the Austrian Grand Prix. Rosberg overtook pole-sitter Hamilton at the first corner and went on to dominate yesterday’s race at Spielberg, winning by eight seconds to land his [...]
Alonso to be hit by Austria grid penalty as McLaren plan gamble June 18, 2015 FORMER world champion Fernando Alonso is set to start Sunday’s Austrian Grand Prix at the back of the grid after McLaren decided to take a strategic penalty. Alonso could be demoted up to 20 places, while team-mate Jenson Button may also be penalised as engine suppliers Honda are set to exceed their permitted number of [...]