Formula One Group
Canadian businessman makes £200m investment in McLaren
McLaren Group, parent company of the eponymous Formula One motor racing team, has today (Monday) confirmed fresh investment of £203.8m (€231.3m/$277.2m) from Canadian businessman Michael Latifi.
Motorsport Network moves into ticketing sector with BookF1.com purchase
Digital media company Motorsport Network has expanded into the ticketing market by acquiring UK-based operation BookF1.com.
Miami set to vote on Formula One race
The City of Miami Commission has scheduled a vote for May 10 to decide whether to back plans to stage a second US Formula One race in the city.
China Digest | Second Formula E team becomes Chinese-owned
In this week's China sports industry round-up: Second Formula E team becomes Chinese-owned; US-China trade war threatens sportswear production; Chinese World Cup attendance will be strong, if overstated
Formula One makes first investment in outside firm with PlayON deal
The Formula One motor-racing championship has today (Thursday) made its first investment in an external company through a deal with PlayON that has resulted in the launch of fantasy sports games for F1 and granted the sports entertainment firm live streaming rights to the sport.
Ziggo signs endorsement deal with F1 star Verstappen
Dutch Formula One motor-racing driver Max Verstappen has entered into a three-year endorsement partnership with telco Ziggo.
Tommy Hilfiger builds F1 ties with Hamilton partnership
British Formula One motor-racing driver Lewis Hamilton has entered into a partnership with US fashion and lifestyle brand Tommy Hilfiger.
From exposure to engagement | F1 uses new tool to price its sponsorship assets
Formula 1 is using a new proprietary tool to provide a more holistic valuation of its sponsorship assets. Ben Cronin speaks to the sport's head of global sponsorship and commercial partnerships Murray Barnett and developer Rob Mills about how it works.
Force India, Sauber withdraw EU complaint against Formula One
Formula One teams Force India and Sauber have dropped the complaint they filed with the European Commission in 2015 concerning anti-competitive practices in the motor-racing championship.
Formula One makes agency hires to aid global brand campaign
The Formula One motor-racing championship has engaged media agencies Wavemaker and Brainlabs in a bid to enhance its brand on a global level.
Liberty Media seeks to refinance Formula One loan
US mass media company Liberty Media has announced today (Monday) that it intends to launch a process to refinance the $3.302bn (€2.76bn) first lien term loan of certain subsidiaries of Delta Topco, the subsidiary which holds all of its interests in the Formula One motor-racing championship.
Mercedes chief raises prospect of Formula One exit
Mercedes has become the latest Formula One team to threaten to quit the motor-racing series over proposed changes its new owner, Liberty Media, is seeking to introduce.
Ferrari issues F1 quit threat over proposed changes
Italian sports car manufacturer Ferrari has warned that it could walk away from Formula One after stakeholders in the motor-racing championship this week revealed a host of proposed changes and regulations for the series.
Formula One takeover facing French investigation
France’s financial watchdog, the Parquet National Financier (PNF), is investigating the role played by the International Automobile Federation (FIA) in January’s takeover of the Formula One motor-racing series by US mass media company Liberty Media, according to the New York Times.
Sean Bratches: ‘If we can serve the fan, all the manifestations of our business will benefit’
In a wide-ranging interview with SportBusiness International's Ben Cronin, Sean Bratches, Formula One's managing director of commercial operations, outlines the sport's ambitious plans, from esports to OTT and sponsorship.
Teams reject option to invest in Formula One
Formula One teams have turned down the chance to invest in the motor-racing series, after Liberty Media confirmed that a deadline for the initiative has expired.
BRDC activates break clause for F1’s British GP
The British Racing Drivers’ Club (BRDC), owners of the Silverstone racing circuit, have today (Tuesday) formally triggered the break clause in its contract with Formula One stating that hosting the British Grand Prix is not “financially viable” unless fresh terms are agreed.
Plans revealed for new Italian F1 team
Zoran Stefanovic, the businessman behind the failed effort to establish a Formula One team named Stefan GP, has revealed he is planning to form a new Italian-based entry for the motor racing series.