The famed Nurburgring race track may not be hosting a Formula One race anytime soon but it will have a new owner shortly – and that new owner is expected to be Miami-based private equity buyout company HIG Capital. HIG Capital has reportedly outbid F1 chief Bernie Ecclestone for the track and will pay no […]
Azerbaijan Grand Prix. Azerbaijan Grand Prix. Azerbaijan Grand Prix. Better start practicing saying those three words now so that they will more easily roll off your tongue in two years. That will be 2016 and that is the year that Formula One chief Bernie Ecclestone says the racing series will be making a stop in […]
The Formula One Teams Association was created six years ago as a way for the teams to organize themselves into a collective bargaining entity that could do battle with F1 chief Bernie Ecclestone should they not be happy with the direction Ecclestone was leading the legendary auto racing series. However, Ferrari, Red Bull, Sauber and […]
Embattled Formula One chief Bernie Ecclestone dodged another legal bullet challenging his authority over the world’s most popular auto racing series when a German judge decreed that, while he did toss a $45 million bribe to German businessman Gerhard Gribowsky, the bribe did not devalue F1 and was merely a payoff intended to keep Gribowsky […]
Formula One chief Bernie Ecclestone has expressed doubts that Gene Haas and his American-based Stewart-Haas racing team will be a part of the 2015 racing season, citing the expenses involved in producing a team. Despite Haas having a net worth of $740 million – of which a significant amount would likely be dedicated to a […]
Bernie Ecclestone, the commercial rights holder for Formula One racing for the last four decades, has stepped down from the F1 Board of Trustees after being indicted in the bribery of a German banker, Gerhard Gribowsky, in Munich. Gribowsky was paid the sum of $45 million supposedly to ensure that he would have the choice […]