Motorsport

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.

The European Commission (EC) has today (Wednesday) ruled that state aid granted to developers at German motorsport venue the Nuerburgring breached European Union (EU) regulations and must be paid back.

Increased payments to Formula One teams led to a fall in operating profit for the motor-racing world championship in the year to December 31, 2013, according to Forbes.

Formula E chief executive Alejandro Agag has said he hopes to attract “three or four” manufacturers next season with the aim of the new motor racing series becoming a full world championship.

Historic British motorsport marque Brabham has announced its intention to return to the track in the World Endurance Championship (WEC) in 2015 through an innovative crowd-funding project which aims to revolutionise the team ownership model.

Formula One will welcome another new market to its calendar this month when Sochi hosts the inaugural Russian grand prix. Rob Ridley speaks to the organisers about how the race fits into the legacy of the 2014 winter Olympics.

The North American IndyCar motor-racing series is set to return to Brazil next year after organisers announced that a deal had been agreed for a race to take place at Brasilia’s Autodromo Internacional Nelson Piquet.

Formula One chief executive Bernie Ecclestone has said that a decision over a future make-up for the motor racing series involving a 24-car grid with a number of teams running third cars is likely to be made by the middle of October.

Formula One will run its equal longest schedule in 2015, with the Mexican Grand Prix handed a date of November 1 on the 20-race calendar for its return to the motor racing series.

Formula E chief executive Alejandro Agag has said the new motor racing series is engaged in talks with additional automotive manufacturers and is targeting an initial public offering (IPO), as it prepares to make its debut tomorrow (Saturday).

The 2014 Australian Grand Prix Formula One motor race posted a record loss of A$59.97m (€43.2m/$55.85m), Victoria state government officials have confirmed.

Ferrari chairman Luca di Montezemolo has ended days of speculation over his position by announcing today (Wednesday) that he will step down from his role at the Formula One motor racing team and car company.

V8 Supercars Australia will operate exclusively in its home continent in 2015, according to a report by the Sydney Morning Herald newspaper.

Russian Grand Prix organisers have sold two-thirds of tickets for Sochi’s inaugural Formula One race, with promoter Sergey Vorobyev stating security remains a “priority issue” for the event.

Race of Champions (ROC) organisers have switched from the motorsport event’s stadium-focused hosting concept by awarding the 2014 edition to the Bushy Park Circuit in Barbados.

The North American IndyCar motor-racing series has announced that the Grand Prix of Houston has been dropped from its 2015 race schedule.