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McLaren’s Vodafone backing in doubt – report
McLaren’s lucrative title sponsorship could be in doubt. The Financial Times reports that Vodafone, the British telecommunications national, “is reviewing” its major sponsorship deals. Vodafone is...
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Genii, the private equity fund that owns the Lotus team, is looking into...
Lotus owner Genii to spend big on football Team owners Gerard Lopez and Eric Lux are eyeing five second-tier European clubs as well as a dozen player agencies, academies and media rights companies, the...
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Di Grassi involved in FIA’s ‘Formula E’ plans
Pirelli tester and former Virgin race driver Lucas di Grassi is now involved in plans for the FIA’s new ‘Formula E’ category. The governing body’s president Jean Todt has signed a deal with Addax GP2...
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Todt denies FIA to lighten grip on F1
Jean Todt has dismissed suggestions he is willing to loosen the FIA’s grip on formula one in return for more money. Ahead of a crucial meeting between the FIA president, Bernie Ecclestone and the teams...
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Ecclestone ‘aggravated’ by worsening bribery scandal
Ecclestone said he is not planning to step down Bernie Ecclestone has confirmed reports that BayernLB – claiming the damages amid the Gerhard Gribkowsky bribery scandal – has asked him to pay $400...
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Company files $650m lawsuit against F1
A company has filed a $650 million lawsuit against formula one. Bluewaters Communications Holdings claims it was the high bidder to buy the sport in 2005. It is claimed CVC, F1′s current owner, was the...
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Ecclestone to pen $200m sponsor deal – report
Bernie Ecclestone is tipped to sign up the airline Emirates as a major F1 sponsor on a visit to Dubai on Tuesday. The Financial Times said the five year deal is worth “about $200m”, making it “one of...
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New title sponsor already decided – McLaren
Vodafone confirms McLaren exit McLaren on Thursday swiftly confirmed reports that Vodafone will definitely end its seven-year title sponsorship at the end of 2013. “Having met and exceeded all the...
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Todt suggests F1 teams’ cost agreement in doubt
“I think F1 does cost too much,” he acknowledged to the Financial Times. The future of the so-called ‘resource restriction agreement’ – a gentleman’s pact among teams to control costs – has moved under...
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F1 should not be singling out Bahrain controversy – Alonso
“We are more stoic, more phlegmatic (than last year).” Fernando Alonso has played down the significance of this weekend’s Bahrain grand prix, suggesting the sport should not be picking which of its...
View ArticlePirelli boss sentenced for espionage
“I will appeal, convinced that the truth will emerge” Pirelli chairman Marco Tronchetti Provera has been sentenced to jail for twenty months. The Financial Times reports that a Milan court found him...
View ArticleVettel backs Ecclestone amid legal troubles
”The bottom line is that he is the one who brought formula one to such a high level.” World champion Sebastian Vettel has jumped to the defence of F1′s embattled chief executive. Already under fire by...
View ArticleMercedes rules out F1 cooperation with Renault
On the road-car side, however, Mercedes and Renault-Nissan do cooperate Mercedes has ruled out cooperating with Renault in the development of its all-new turbo V6 engines for formula one. On the...
View ArticleEcclestone admits bribe affair affecting F1 role
“We don’t have any changes planned at the moment” – CVC Bernie Ecclestone has hinted for the first time that he may need to voluntarily step back from running formula one. Until now, the F1 chief...
View ArticleEcclestone must pay costs but Constantin appeal rejected
Bernie Ecclestone’s legal woes took a turn for the better this week After the German media group Constantin filed an appeal against the recent High Court ruling, a judge on Thursday rejected the...
View ArticleMontezemolo hints at F1 team budget boost
Luca di Montezemolo has hinted he will increase Ferrari’s budget in order to catch up with dominant Mercedes. The fabled Italian marque has struggled early this season, prompting the exit of team boss...
View ArticleEurope could recommend Russia GP boycott
Mere days ago, Bernie Ecclestone remained certain formula one will race for the first time in Russia next month. Amid the Ukrainian crisis and the MH17 atrocity, the F1 chief executive defended his...
View ArticleColleague says Todt concerned about Russia GP
Jean Todt is concerned about the viability of next month’s inaugural grand prix. That is the claim of Ari Vatanen, an FIA official who once stood against Todt for the presidency of F1’s governing body...
View ArticleSantander chief Botin dies
Emilio Botin, a man well-known within the F1 paddock, has died. The 79-year-old was chief of Europe’s biggest bank Santander, a major Ferrari sponsor and closely aligned with Fernando Alonso. “Ferrari...
View ArticleMcLaren denies Apple buyout talks
“We can confirm that McLaren is not in discussion with Apple in respect of any potential investment” McLaren has played down reports of Apple looking to heavily invest or buyout the company after news...
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