Lewis Hamilton lashes out at Mercedes again after losing further ground in title race to Nico Rosberg at Malaysian Grand Prix October 9, 2016 Faltering world champion Lewis Hamilton showed further signs of frustration with Mercedes after seeing his hopes of retaining the title recede again at the Japanese Grand Prix on Sunday. The team lodged a complaint about Max Verstappen’s “dangerous” driving after the Red Bull teenager held off Hamilton for second place at Suzuka – a result which left [...]
Former FIA boss Max Mosley says he warned organisation about deal that threatens Liberty Media’s takeover of F1 October 5, 2016 Formula One’s former governor Max Mosley says he warned the sport’s authorities against taking a controversial stake in it which now threatens to put the brakes on the sale of the business. American conglomerate Liberty Media last month agreed to buy F1’s parent company Delta Topco for £3.3bn from its controlling shareholder, private equity firm [...]
Lewis Hamilton blasts Mercedes and hints at conspiracy after title defence suffers huge blow in Malaysia October 2, 2016 World champion Lewis Hamilton accused Mercedes of scuppering his title defence after an engine failure denied him victory at the Malaysian Grand Prix and boosted team-mate and rival Nico Rosberg’s bid for the crown. Pole-sitter Hamilton looked to be on course for a first win in four races and a return to the top of [...]
Britain’s Lewis Hamilton unsure whether he can re-find title-winning magic after Nico Rosberg triumphs in Singapore September 18, 2016 Three-time world champion Lewis Hamilton refused to make any grandiose predictions for the remainder of the season after witnessing rival Nico Rosberg regain top-spot in the drivers’ championship with victory in the Singapore Grand Prix. Rosberg fended off a late challenge from Red Bull’s Daniel Ricciardo to seal a hat-trick of wins and march [...]
John Malone’s Liberty Media buys first slug of Formula One and agrees to pay $4.4bn in total September 8, 2016 Liberty Media has bought a minority stake in Formula One in an agreement that will ultimately see the US media-giant take ownership of the company that runs the sport. Controlling shareholder CVC Capital Partners announced overnight the sale of an 18.7 per cent stake in the business for $821m. This is the prelude to a deal that will [...]
Silverstone boss Paul Allen confirms his departure but denies allegations over Lawrence Tomlinson bid September 6, 2016 The British Racing Drivers' Club (BRDC) has confirmed a City A.M. report last month that a senior executive at the iconic Silverstone motor racing circuit has stepped down. The BDRC said today it had agreed with Patrick Allen, the managing director of Silverstone, it was "time to put a permanent management team in place". Read more: The Abarth 124 Spider is [...]
American Formula One takeover edges closer but subject to European Commission sign-off September 4, 2016 The eagerly-anticipated sale of Formula One to Liberty Media will need to navigate a series of tight chicanes including potential scrutiny by the European Commission (EC). Private equity fund CVC is putting the final touches to a $9.1bn (£6.8bn) deal that will see the American media giant take full control of Formula One . Fox media mogul Chase [...]
Reigning champion Lewis Hamilton at a loss to explain poor start as rival Nico Rosberg cuts his title lead with victory at Monza September 4, 2016 Britain's Lewis Hamilton struggled to explain his calamitous start to the Italian Grand Prix which ruined any chance of a 50th career win and ultimately saw his championship lead cut by rival Nico Rosberg. Following an emphatic performance in qualifying on Saturday which had resulted him take pole, the world champion looked set to secure his [...]
Liberty Media could zoom into pole position on Formula One deal with £6.4bn bid August 25, 2016 Liberty Media has become the latest company to throw its hat into the ring for the controlling stake of Formula One (F1) with a $8.5bn (£6.4bn) bid. The controlling stake in F1's parent company is currently owned by CVC Capital Partners, which has a 35 per cent stake and has held its position since 2006. According to Sky News, [...]
Silverstone boss Patrick Allen ousted for being “too close” to tycoon plotting takeover August 9, 2016 The home of Formula One’s British Grand Prix has been thrown into turmoil by the unexpected departure of its boss Patrick Allen who has been suspended. Allen is managing director of the Silverstone track in Northamptonshire and was seen there last month at the British Grand Prix when 139,000 spectators watched local hero Lewis Hamilton [...]