Formula One Group

Formula One’s Italian Grand Prix will remain at Monza for the next three years after formal confirmation of a new race deal for the historic circuit.

The Canadian Grand Prix will remain on the Formula One calendar next season after the Mayor of Montreal, Denis Coderre, said an agreement in principle had been reached between the motor racing series and local race promoter Groupe Octane.

Formula One’s long-term future in Southeast Asia has been called into question after the motor racing series’ chief executive, Bernie Ecclestone, said Singapore was reluctant to extend its race deal and Malaysian stakeholders repeated their stance that the country’s event would not continue beyond 2018.

Malaysia is considering ending the hosting of its annual Formula One grand prix after its contract ends in 2018 due to falling ticket sales and TV viewership.

Zak Brown is to exit his role as group chief executive of the CSM Sport & Entertainment division of marketing services group Chime Communications at the end of the year, amid speculation over a move to the Formula One motor racing championship.

Liberty Media chief executive Greg Maffei has highlighted gaming, digital media and the sports betting market as key areas for exploitation as the US mass media company seeks to build its strategy for the future of the Formula One motor racing championship.

Formula One chief executive Bernie Ecclestone has said he has been asked to stay on for three years after the impending takeover of the motor racing series is completed by the Liberty Media group.

Renewed uncertainty has emerged surrounding the future of Formula One’s Italian Grand Prix after it was revealed a Rome court will in October hear a complaint raised over the issue of government funding for the motor racing event.

Media industry veteran Chase Carey is set to be named as the new chairman of Formula One this week ahead of a takeover of the motor-racing world championship by Liberty Media, according to reports.

Monza has agreed a deal with Formula One for the motor-racing championship’s Italian Grand Prix to remain at the circuit until at least 2019.

Monza is set to remain as the home of Formula One’s Italian Grand Prix after a new race deal was agreed with the motor racing championship’s organisers, Italian officials said today (Wednesday).

Our guest blogger, Richard Gillis, says you shouldn't believe every rumour you read about the sports sector 

Formula One chief executive Bernie Ecclestone has said an agreement is in place for Imola to stage a race in the motor racing series, but added the Italian Grand Prix is still likely to remain at Monza.

Brazilian Grand Prix promoter Tamas Rohonyi has dismissed reports that the future of the country’s Formula One race is under threat, despite Bernie Ecclestone, chief executive of the motor-racing championship, stating the event may not take place after the current season.

Formula One chief executive Bernie Ecclestone has suggested that the revenue distribution system currently utilised by the motor racing series could be replaced by one more akin to that used in football’s English Premier League.

Formula One team Williams has reported a significantly enhanced set of results for its 2015 financial year and has joined other participants in calling for a more even distribution of revenues in the motor racing championship.