Tag Archive: Christian Sylt

Nov 27

European Commission ‘looking into’ F1

Following British politician Anneliese Dodds’ recent letter

European Commission.svgThe European Commission (EC) is now looking into potential anti-competition breaches within formula one, according to international media reports. Read the rest of this entry »

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Nov 25

Qatar to break F1 fee record in 2017 – report

Qatar, the small Arab country, looks set to break F1’s record for the highest-paying grand prix host.

F1 business journalist Christian Sylt, who is close to the sport’s chief executive Bernie Ecclestone, cited ‘sources’ in reporting that Qatar looks set to pay about $78 million a year beginning with its first race no later than 2017. Read the rest of this entry »

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Nov 18

Ecclestone to clamp down on online media in paddock

Bernie Ecclestone has vowed to clamp down on the proliferation of internet journalists in F1

2014-10-11 - Infiniti Red Bull Racing - Russia - Sebastian Vettel - Bernie Ecclestone After controversially rubbishing the power of social media platforms like Facebook and Twitter last week, the F1 supremo is now warning that online publications will find access to the paddock more difficult in the future. Read the rest of this entry »

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Nov 14

Ecclestone set to drop double points for 2015

As the double-points finale approaches, Bernie Ecclestone has admitted the controversial scheme will be dropped for 2014

2011-06-09_0306 To keep spice in the title fight until the dying laps of a championship, the double points innovation was introduced at the F1 chief executive’s behest. Read the rest of this entry »

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Nov 09

Future still clouded for three small teams

But a meeting at Interlagos late on Saturday broke with no solution in place.

2014-03-16 - Caterham F1 Team - Australia - Marcus Ericsson 03 teams A week after the boycott threats of Austin, struggling teams Lotus, Force India and Sauber travelled to Brazil apparently close to a ‘fighting fund’ bailout that would secure their future. Read the rest of this entry »

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Nov 01

Kobayashi in Austin to keep F1 dream alive

Like his 2014 teammate Marcus Ericsson, Kamui Kobayashi has travelled to Austin without a formula one car to drive.

IMG_5973 But unlike the Swedish rookie Ericsson, who reportedly carries up to $20 million in personal backing, Japanese Kobayashi looks less likely to secure a race seat elsewhere for 2015, following the collapse of the Caterham team. Read the rest of this entry »

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Oct 30

Forza Rossa project still alive after Caterham collapse

With Caterham now in administration, the backmarker’s former management may be returning its focus to the Forza Rossa project.

Forza Rossa - photo Getty Images Before the mysterious investment group bought Caterham from Tony Fernandes earlier this year, Colin Kolles was deeply involved in trying to get a Romanian project called ‘Forza Rossa’ up and running with FIA approval. Read the rest of this entry »

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Oct 27

Brothers look to save troubled Marussia – report

Marussia is not commenting on claims it will sit out the next races and is on the verge of being put into the hands of administrators.

2014-06-05_0104 Amid Caterham’s well-documented troubles, Bernie Ecclestone revealed that Marussia will also sit out the Austin-Brazil double header. And F1 business journalist Christian Sylt claims the team has notified the High Court that it also intends to go into administration. Read the rest of this entry »

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Oct 26

Marussia to join Caterham in administration – report

Marussia looks set to join Caterham in entering administration, the Daily Mail reports on Sunday.

Marussia 17 - photo © DPPI - Éric Vargiolu After Bernie Ecclestone said he will allow the struggling backmarkers to sit out the next Austin-Brazil double header, F1 business journalist Christian Sylt now reveals Marussia’s operating company has “filed a notice with the High Court saying that it intends to appoint an administrator”. Read the rest of this entry »

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Oct 24

Ecclestone denies F1 heading to Madrid

Bernie Ecclestone has played down reports he is in advanced talks to bring formula one to the streets of Madrid.

Flag of MadridSpain’s El Confidencial claimed this week the F1 supremo is already in possession of a business plan and bank guarantees, as a group of businessmen want the Spanish capital to host an annual street race. Read the rest of this entry »

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Oct 23

F1 world still guessing on Alonso’s next move

Yet another week in F1 history is passing by with little more known about the future of arguably the sport’s biggest name.

2014-09-04_0187 - Scuderia Ferrari - Italy - Fernando Alonso Insiders suggest Fernando Alonso is wavering between a McLaren-Honda contract on his terms or the very real prospect of a sabbatical as he waits for a seat at dominant Mercedes. Read the rest of this entry »

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Oct 21

F1 to exceed 20 races as Madrid plans emerge

Plans are afoot for a F1 street race in the heart of Madrid, Spain’s El Confidencial reports.

Flag of MadridIt is claimed Bernie Ecclestone is in talks with a group of Spanish businessmen who want the sport to race on the streets of the large capital city. Read the rest of this entry »

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Oct 18

Las Vegas ‘ready to go’ with F1 race – Ecclestone

Las Vegas could be the next new F1 destination, Bernie Ecclestone has revealed.

Bernie Ecclestone-11-2010 “Vegas say they are ready to go and it would be on The Strip for sure,” the F1 chief executive told business journalist Christian Sylt, in the Independent. Read the rest of this entry »

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Oct 04

Fernandes distances himself from Caterham team

Tony Fernandes has moved to distance himself from the debt and chaos of the formula one team he founded.

Tony Fernandes F1 backmarker Caterham has tried to play down the gravity of its fight for survival this weekend after it emerged bailiffs had seized equipment at its Leafield base. Read the rest of this entry »

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Sep 15

Ferrari could take $25m stake in F1

Ferrari could become the first F1 team to actually own a stake in the sport, the Telegraph reports.

2014-06-05_0034 F1 business journalists Christian Sylt and Caroline Reid reveal that, as a non-executive director of the sport’s holding company Delta Topco, departing Ferrari president held an option to buy into F1 to the tune of about $25 million. Read the rest of this entry »

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Sep 08

Wolff looking to sell more of Williams stake

Toto Wolff is still working on offloading his stake in the Williams team.

2013-01-21 - Mercedes-Benz Grand Prix Ltd. - Suzie Wolff - Toto Wolff (2) Ever since the Austrian bought into Mercedes and began working as the German marque’s F1 and motor racing chief, his more than 15 per cent stake in Williams has been quietly on the market. Read the rest of this entry »

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Sep 03

Europe could recommend Russia GP boycott

Mere days ago, Bernie Ecclestone remained certain formula one will race for the first time in Russia next month.

2014-08-13 - Sochi 2 Amid the Ukrainian crisis and the MH17 atrocity, the F1 chief executive defended his decision to resist calls to cancel the inaugural Sochi event. Read the rest of this entry »

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Sep 03

2016 team Haas announces name tweak

The plans of F1’s newest team are marching on.

Haas F1 Team Although it will only debut in 2016, the American outfit Haas Formula has announced a name tweak. The team is now called Haas F1 Team, with the name-change decision made by founder and chairman Gene Haas “to better correlate his team with motor racing’s most prestigious series”. Read the rest of this entry »

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Aug 29

Departed backers ended New York race hopes – Ecclestone

Plans for a New York street race were foiled by financial backers that pulled out, Bernie Ecclestone has revealed.

2011-06-26_0247 A second American grand prix, in New Jersey but amid the iconic Manhattan skyline, has appeared on draft calendars for some time but the F1 supremo now admits it is unlikely to happen. Read the rest of this entry »

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Aug 27

Greece ‘keen’ to host F1 race – Ecclestone

Greece could be the next destination for formula one.

According to F1 business journalist Christian Sylt, despite economic austerity measures in the southern European country, a Greek race could be called the ‘Mediterranean grand prix’. Read the rest of this entry »

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