Record £3.2bn in private equity deals for sports teams as funds target football, rugby and F1 November 22, 2021 The last twelve months saw a record £3.2bn of sports team acquisitions by private equity funds, almost treble last year’s total, as they targeted football, rugby and Formula 1 teams, according to new data shared with City A.M. this afternoon. Last year saw an all-time high of 11 PE purchases of stakes in sports teams [...]
Morgan Plus Four CX-T review: Let’s off-road! November 13, 2021 The Morgan Plus Four CX-T is a crazy collision between a classic sports car and a desert racer. Tim Pitt tries to make sense of it.
Formula 1 must remember fans as on-track rivalries bloom November 9, 2021 An injury-time score, a shot at goal in the red, a final-over victory. Whatever the occasion, sports fans love a tight affair. The 2005 Ashes, the 2018-19 Premier League title race, and now the 2021 Formula 1 drivers’ championship; it could really be that close. The closest intra-team championship in the last five years came [...]
McLaren launch Extreme E livery as they announce new driver November 3, 2021 McLaren Racing have launched their Extreme E livery on a day which also saw the the motorsport group announce Emma Gilmour as their new driver. Unveiled at a Cop26 event by the Prince of Wales, the livery will feature as motorsport giant enters the sustainable racing series. On becoming McLaren’s first female driver, Gilmour said: [...]
They are at it again: F1 row widens as Max Verstappen calls Lewis Hamilton ‘a stupid idiot’ October 23, 2021 Racing giant Max Verstappen called his main rival Lewis Hamilton “a stupid idiot” as the championship rivals clashed in practice for the United States Grand Prix. Hamilton, who is six points behind Verstappen, overtook the Red Bull driver at the concluding left-hander in Friday’s second session in Austin. Verstappen temporarily ran off the track before [...]
McLaren interview: North America, NFT’s and Drive to Survive October 22, 2021 Spanning five continents and 17 time zones, Formula 1 is a truly global sport. But with the expansion of the calendar in recent seasons and the increasing presence in the digital and online space, F1 teams are taking special interest in one market in particular: North America. McLaren are a case in point. The English [...]
Japanese Grand Prix cancelled amid rising Covid case numbers August 18, 2021 This year’s Formula 1 Japanese Grand Prix, due to be held in October, has been cancelled amid rising Covid-19 case numbers in the country. It is the fifth race to be cancelled this season in Formula 1 and the second year in a row that the Japanese Grand Prix has been axed. “The decision has [...]
Mercedes reveals plan to quit Formula E just days after winning a World Championship double August 18, 2021 Mercedes-Benz has announced plans to pull out of Formula E just days after winning the drivers’ and constructors’ championship. The German car maker said it would step away from the electric vehicle racing series at the end of next season. It comes less than 72 hours after Nyck de Vries sealed Mercedes-EQ’s first Formula E [...]
Nyck de Vries wins Formula E drivers’ championship August 16, 2021 Mercedes-EQ driver Nyck de Vries won his maiden Formula E world championship on Sunday after finishing eighth in the final race in Berlin. De Vries benefited from three of his rivals failing to finish: Jaguar driver Mitch Evans experienced a technical failure on the grid, Rokit Venturi’s Edoardo crashed into him and later British driver [...]
Formula E gives spectators the green light for London races but caps crowd at around 10 per cent of capacity July 5, 2021 Formula E chiefs have confirmed that spectators will be allowed to attend the London leg of the series this month. But only 2,720 fans will be permitted on each of the two days of electric motor racing – around 10 per cent of the crowd originally envisaged. The London E-Prix is being held at the [...]