US Firm Liberty Media Acquires Formula 1

Liberty Media Corporation announced Wednesday afternoon that it as acquired Formula One from a group led by CVC Capital Partners, which bought the majority stake in the racing organisation in 2006. The total price paid will be $8.5 billion, $4.4 billion being the determined equity value of F1 and $4.1 billion in debt. Chase Carey,…

Red Bull’s Max Verstappen Given ‘Gentle Warning’ By FIA

Max Verstappen has been given a “gentle warning” about his driving in the wake of his controversial behaviour in the Belgian Grand Prix. FIA F1 director Charlie Whiting called in Verstappen for a discussion on Friday ahead of the Italian Grand Prix. Red Bull team boss Christian Horner said Whiting had told Verstappen he risked…

Max Verstappen Vows Not To Change “Over-Aggressive” Driving Style

Max Verstappen says he will not alter his style despite criticism from his fellow drivers that he is over-aggressive. Ferrari’s Kimi Raikkonen said the 18-year-old Red Bull driver would cause “a massive accident sooner or later” if he does not change. He made his comments after the tussle between them in Belgium last Sunday. Verstappen…

Formula1 Needs Greater Equality Among Teams – Sebastian Vettel

Sebastian Vettel says the main thing Formula One needs is greater equality among teams. The Formula1 driver believes F1’s biggest issue is inequality between teams. Vettel’s team Ferrari earns the most from the sport’s central revenue streams, but the four-time world champion said he would like to see all outfits more closely matched. “I think…

The Sauber F1 Team Launches New Digital Platform

Just after the start of the 2016 Formula One season in Melbourne, the Sauber F1 Team kicks off with its new website and fully automated web platform. With the re-launch of sauberf1team.com, the Swiss team is going in a new direction in terms of engagement, offering its visitors a modern and responsive digital experience. The…