Formula One Group

Formula One chief executive Bernie Ecclestone has said he is considering making a bid to retake control of the commercial rights to the motor-racing series.

Formula One’s Italian Grand Prix host, the Autodromo Nazionale Monza, has promised circuit upgrades after the sport’s supremo Bernie Ecclestone said the facility is unlikely to remain on the calendar after its race contract expires in 2016.

Speculation surrounding the long-term future of Formula One team Caterham has ended following the announcement that the backmarkers have been taken over by a consortium of Swiss and Middle Eastern investors.

The future of one of Formula One’s most historic races is in doubt after F1 chief executive Bernie Ecclestone said Monza’s Italian Grand Prix is unlikely to remain on the calendar after its contract expires in 2016.

Toto Wolff, executive director of business for Formula One front-runners Mercedes, has begun the process of reducing his interest in rival team Williams by agreeing a deal to sell a stake of his shares in the British outfit to American healthcare entrepreneur Brad Hollinger.

Ferrari president Luca di Montezemolo has asked Formula One chief executive Bernie Ecclestone to bring together the motor-racing series’ key stakeholders to discuss its long-term future, amid fears the sport is neglecting fans and sponsors.

Montreal’s long-running Canadian Grand Prix will retain its place on the Formula One calendar after city authorities announced that an agreement in principal has been reached with the motor-racing series’ chief executive Bernie Ecclestone on a new 10-year race deal.

Formula One motor-racing team McLaren has moved to deny reports than Honda will seek to enhance its forthcoming partnership by acquiring a stake in the British outfit.

Formula One motor racing outfit Caterham has distanced itself from suggestions that the team is up for sale.

Formula One chief executive Bernie Ecclestone has ruled out an imminent return of the French Grand Prix despite recent talks between the Circuit de Nevers Magny-Cours and Formula One Management (FOM).

The French Grand Prix could return to the Formula One calendar in 2015 after Serge Saulnier, chief executive of the Circuit de Nevers Magny-Cours, said the facility is in talks over a race deal with Formula One Management (FOM).

The International Motorsport Federation (FIA) and race promoters have maintained that Formula One’s inaugural Russian Grand Prix remains on course for its October debut in Sochi, despite ongoing concerns about the crisis in Ukraine.

International Motorsport Federation (FIA) president Jean Todt has labelled the cost-cutting proposals put forward by Formula One’s leading teams as a “joke”, adding that he is now seeking the input of the sport’s smaller outfits.

Russian Grand Prix organisers have denied reports that Formula One’s inaugural race in the country is in danger, while Azerbaijani officials have rejected suggestions that Baku could step in to replace Sochi on the 2014 calendar.

Gerard Lopez, owner of the Lotus Formula One motor-racing team, has called for a rethink of the championship’s prize money structure if F1 is to retain all of its current teams.

The Azerbaijani government has announced it has signed an official agreement for Baku to host a Formula One race from the 2016 season of the motor-racing championship.