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 [...]
Lewis Hamilton’s new Mercedes contract could make him one of 10 highest paid sports stars May 12, 2015 After many months of wrangling, Lewis Hamilton finally looks set to sign on the dotted line for a new £120m ($187.8m) contract with Mercedes. Hamilton's new deal with the Formula 1 team worth £40m a year over three years will make him the highest-paid driver in the sport and catapult him into the world's top 10 [...]
Red Bull issue F1 quit threat and call for Audi to solve engine woe May 11, 2015 RED BULL have reiterated their threat to abandon Formula One over frustrations with their Renault engines – unless they can persuade Audi to end their long-standing boycott of F1. The team have taken just 30 points from the season’s first five races, and so severe have their reliability problems been that Daniel Ricciardo has already [...]
Hamilton questions team order as rival Rosberg reigns in Spain May 10, 2015 WORLD champion Lewis Hamilton has lambasted the instruction he received from his Mercedes team to consolidate second place behind eventual winner Nico Rosberg in the latter stages of yesterday’s Spanish Grand Prix. Rosberg became the 19th driver in 25 grands prix at the Circuit de Catalunya in Barcelona to convert pole into victory, his first [...]
Hamilton and Rosberg resurrect feud as Briton triumphs in China April 12, 2015 SIMMERING tension between Formula One world champion Lewis Hamilton and his Mercedes team-mate Nico Rosberg erupted again after the British driver cruised to victory in the Chinese Grand Prix yesterday. Rosberg accused Hamilton of pitching him into a tussle for second place with Ferrari’s Sebastian Vettel by deliberately and unnecessarily slowing down when leading in [...]
Lewis Hamilton and Nico Rosberg are great salesmen for Mercedes – Brand Index April 7, 2015 Mercedes swept all before it in last year’s Formula One championship, and this year, they seem to be the cars to beat – barring a strong showing by Ferrari. But how has the success of the all-conquering F1 cars, driven by Lewis Hamilton and Nico Rosberg, affected the perception of the overall brand, given that [...]