Tag Archive: Bloomberg

Apr 10

Paid F1 ‘app’ to debut in June – Ecclestone

Bernie Ecclestone has agreed to race formula one into the digital age.

2012-06-07_0277 Early this week, Ferrari boss Stefano Domenicali urged the F1 chief executive to embrace the internet, as the “young generation” does not want “to see an entire race for one and a half hours”. Read the rest of this entry »

Apr 09

Teams in talks to buy into F1 – Ecclestone

A group of teams is indeed “having a conversation” about buying into F1

2014-03-30 - Scuderia Ferrari - Malaysia - Fernando Alonso - Kimi Raikkonen - Teams 01 Bernie Ecclestone on Wednesday revealed that a group of teams is considering buying into formula one. Read the rest of this entry »

Apr 07

Teams pushing Ecclestone into internet era

“The young generation wants to see sport in a different way”

2010-06-13_0226 F1 needs to race into the digital era, according to Ferrari team boss Stefano Domenicali. Read the rest of this entry »

Mar 25

Renault ends road car deal with Caterham

Renault is not giving up on “reviving its Alpine brand”

Alpine 36 Le Mans 2013 Caterham and its F1 engine partner Renault have reportedly axed a joint venture to produce road-going sports cars. Read the rest of this entry »

Jan 30

Brembo brakes made a billionaire

F1 braking made one Italian a billionaire.

Brembo logo That is the claim of the financial news agency Bloomberg, revealing that Brembo chief Alberto Bombassei made his fortune by dominating the F1 field, with 7 of the competing 11 teams currently equipped with Brembo carbon brakes. Read the rest of this entry »

Jan 16

Ecclestone facing German trial, bids for Nurburgring

“We believe we can do more for the track than anyone else”

Formula 1 Circuit in Sochi - Bernier Ecclestone 2 Bernie Ecclestone looks set for a challenging 2014, as German prosecutors prepare to send him to court to face criminal bribery charges. Read the rest of this entry »

Dec 04

Ecclestone confirms no New Jersey race in 2014

New Jersey street race is off again

2011-06-26_0247Bernie Ecclestone has now confirmed reports that New Jersey will not be on next year’s formula one calendar. Read the rest of this entry »

Nov 28

F1′s biggest spender is Red Bull – Whitmarsh

Like Ferrari, Red Bull denies it

2013-10-13 - Red Bull Racing - Mark Webber - 99015After Ferrari denied it is the biggest spender in formula one, McLaren says the most financially powerful team in pitlane is actually Red Bull. Read the rest of this entry »

Oct 28

Ecclestone court action to begin on Tuesday

“It’s not ideal, it would be better if it wasn’t happening”

Horner-Ecclestone - photo © HOCH ZWEI - PICTURE ALLIANCE - DPPI F1′s attention will turn from Sebastian Vettel’s fourth title to the inside of a courtroom early this week. Read the rest of this entry »

Oct 23

Official fears 2013 to be India’s last GP

“We’re hoping sales will increase as the race nears”

Buddh International CircuitThis weekend’s Indian grand prix could be the last, concerned motor sport chief Vicky Chandhok has admitted. Read the rest of this entry »

Jul 17

Ecclestone receives bribery indictment

Ecclestone’s German lawyer, and F1 owner CVC, did not comment.

Bernie Ecclestone has been formally charged by German prosecutors for bribery, it emerged on Wednesday. Read the rest of this entry »

Jun 04

Ecclestone says only jail a threat to F1 top job

“They’re quite laid-back. They’re not panicking.”

Formula 1 Circuit in Sochi - Bernier Ecclestone 2Bernie Ecclestone insists looming bribery charges do not immediately threaten his job at the helm of formula one. Read the rest of this entry »

May 31

Todt backs Ecclestone amid corruption charge

“He has every right to his job and he does it very well.”

2012-04-22 - Bahrain Grand Prix - Bernie Ecclestone - Jean TodtFIA president Jean Todt has backed Bernie Ecclestone, as German prosecutors prepare to charge the F1 chief executive for corruption. Read the rest of this entry »

May 20

Ecclestone tips BMW for F1 comeback, Toyota says no

“I would be surprised if we don’t see BMW again.”

2012:01:12_15:18:39.0618Bernie Ecclestone thinks German carmaker BMW might follow Honda back into formula one. Read the rest of this entry »

Mar 14

F1 owner CVC ‘milking’ money from sport – Fernley

Force India has lashed out at F1′s owner CVC, accusing the private equity firm of not being interested in developing the sport.

CVC Capital PartnersFlagworld - F1The financial news agency Bloomberg quoted deputy team boss Bob Fernley as saying new deals that give more money and power to the bigger teams are a “disaster”. “CVC is not interested in developing the sport, it’s interested in making as much money as possible and then selling it,” he said. Read the rest of this entry »

Dec 04

FIA completing push for more F1 revenue – report

One of the unnamed sources said the new CVC agreement will benefit the FIA to the tune of about $25 million.

Flagworld - FIAJean Todt président FIA (DR)The FIA is close to completing a successful push for a bigger slice of F1′s financial pie, according to a report by the expert financial source Bloomberg. Citing ‘two people familiar with the situation’, the media report said the now Jean Todt-led Paris federation is set to boost its coffers to about $40 million per year. Read the rest of this entry »

Nov 20

Company files $650m lawsuit against F1

A company has filed a $650 million lawsuit against formula one.

Flagworld - F1Bluewaters Communications Holdings claims it was the high bidder to buy the sport in 2005. It is claimed CVC, F1′s current owner, was the lower but successful bidder because of F1 chief executive Ecclestone’s alleged bribes to the now-jailed former banker Gerhard Gribkowsky. Read the rest of this entry »

Nov 20

Mercedes takes full control of F1 team

Now, financial media sources Bloomberg and Reuters report that Mercedes has indeed bought back Aabar’s stake.

2012-11-15_00282012-11-17_0011Mercedes-Benz has taken back total control of its formula one team by buying the 40 per cent stake held by Aabar, the Abu Dhabi investment arm. We reported in April that Aabar, who were then already watering down their involvement with Mercedes’ parent Daimler, was set to pull out of the Brackley based Mercedes GP team.

Read the rest of this entry »

Oct 19

GP America moved to 2014

2013 calendar down to 19 as F1 loses New York

2011-06-26_0247Grand Prix of America logoGrand Prix of America at Port Imperial and Formula One announce inaugural race moved to 2014 due to Construction Issues.  Bernie Ecclestone on Friday confirmed reports the inaugural New York grand prix will not take place in 2013.

Read the rest of this entry »

Oct 13

Mallya faces arrest in India

Two weeks before he is due to sit on the pitwall in his native India, Force India chief Vijay Mallya is facing arrest.

2012-07-21 - Sahara Force India - Germany - Vijay Mallya 022010-07-11 - Force India F1 Team - Dr. Vijay Mallya - Deepika PadukoneA non-bailable arrest warrant was issued by a Hyderabad court on Friday, relating to cheques issued by his struggling airline Kingfisher that bounced. The warrant was issued because billionaire Mallya failed to appear for a court hearing. Read the rest of this entry »

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