Formula One Group

Formula One chief executive Bernie Ecclestone has brushed aside suggestions that the motor racing series should do more to embrace a younger generation of fans by stating they are the wrong target market for the sport’s commercial partners.

Jean Claude Biver, chairman of Swiss luxury watchmaker Hublot, has been announced as the first speaker for the 2015 edition of the Leaders Sport Business Summit in New York, which takes place on March…

Formula One’s smaller teams have expressed their fears over the motor racing series developing into a constructor and customer championship, with the demise of the Marussia outfit bringing the future of F1 to the fore during the Brazilian Grand Prix weekend.

Formula One strugglers Marussia were today (Friday) forced out of business, despite hopes earlier this week that the motor racing team would return to the grid next season.

A New York appeals court has upheld the dismissal of a $650m (€525m) lawsuit against Bernie Ecclestone, the chief executive of the Formula One motor-racing world championship.

Administration-bound Formula One teams Caterham and Marussia have both been included on the entry list for the motor racing series’ 2015 world championship, raising hopes they will survive beyond the current campaign.

Formula One chief executive Bernie Ecclestone has conceded that the crisis over the future of several of the motor-racing series’ teams is “probably my fault,” adding that its resolution will require concessions to be made by several parties.

The FIA, motorsport’s global governing body, has waded into the crisis surrounding Formula One teams Caterham and Marussia by stating their slide into administration reinforces the need for cost-cutting measures in the sport.

Administrator Smith & Williamson has taken full management control of the beleaguered Caterham Formula One motor-racing team.

The future of Formula One strugglers Caterham remains unclear after a day of claims and counter claims between the motor-racing team’s current and former owners.

Embattled Formula One motor racing team Caterham has dismissed fresh concerns over its future after an administrator laid claim to its race cars and warned they could not leave the factory without his permission.

Madrid has emerged as the latest potential destination for a Formula One race with the motor-racing series’ chief executive Bernie Ecclestone said to be in advanced talks with a group of Spanish businessmen, according to El Confidencial.

Formula One chief executive Bernie Ecclestone has said the motor racing series is in talks to return a race to the streets of Las Vegas.

Formula One has reported profit of $530.7m (€423m) for 2013, while the motor-racing world championship’s chief executive, Bernie Ecclestone, has played down speculation that CVC Capital Partners is actively seeking to sell the series in the coming months.

International Cycling Union (UCI) president Brian Cookson has confirmed the governing body has not received a WorldTour application from the proposed Fernando Alonso Cycling Team (FACT) for the 2015 season, but believes the outfit could still race at the second-tier ProContinental level.

Formula One’s main shareholder CVC Capital Partners has “revived talks” with advisers about an initial public offering (IPO) of the motor-racing series, while the position of chief executive Bernie Ecclestone has come under increased scrutiny amid reports he has been denied a place back on the board of the sport’s parent company Delta Topco.