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☆ Formula 1 Cancels Grand Prix Amid Deadly Floods in Italy
▼ + stars: | 2023-05-17 | by ( Andrew Das | ) www.nytimes.com time to read: +1 min

It is unclear if the canceled event can be rescheduled; Formula 1’s packed schedule has little flexibility given the time and trouble it takes to move it from country to country. If the race at Imola is not rescheduled, Formula 1 will have 22 races this year instead of the record 23 it had planned. The entire Emilia-Romagna region faces the threat of more rains, and more flooding, this week. “It is such a tragedy to see what has happened to Imola and Emilia-Romagna, the town and region that I grew up in,” said Stefano Domenicali, the chief executive of Formula 1. “My thoughts and prayers are with the victims of the flooding and the families and communities affected.”

☆ Imola F1 race called off as floods devastate region
▼ + stars: | 2023-05-17 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Last year's race drew a weekend crowd of 129,000 and 64,000 on the Sunday. Officials said at least eight people had died and thousands were evacuated from their homes in towns and cities across the region. The race was scheduled to be the sixth round of the season and the first in Europe. Red Bull have won every race so far and double world champion Max Verstappen is 14 points clear of team mate Sergio Perez. "We support the decision... safety to all those involved and in the region is paramount and has to take priority," the team said on Twitter.

☆ Haas F1 boss Steiner plays it by the book
▼ + stars: | 2023-04-20 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, April 20 (Reuters) - Haas boss Guenther Steiner has famously not watched the Netflix 'Drive to Survive' docu-series that made him a cult hero for a new wave of Formula One fans, but he has read every word of 'Surviving to Drive'. If they feel happy, I’m happy for them," said Steiner. He came back in 2005 when Red Bull bought the Jaguar team but then moved to NASCAR, returning to F1 when Haas debuted in 2016. RARE EXAMPLEThe book is a rare example of an active F1 boss putting his thoughts into print, however forthright and uncomplimentary. Ralf Schumacher, brother of seven times world champion Michael and uncle of Haas's dropped former driver Mick, is unlikely to enjoy it.

☆ Formula One Group CEO: We are just scratching the surface of the American market
▼ + stars: | 2023-04-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormula One Group CEO: We are just scratching the surface of the American marketStefano Domenicali, Formula One Group CEO, joins 'Squawk Box' to discuss the company's growth, the difference in audience between Formula One and NASCAR and much more.

☆ Long April break gives F1 time to take stock
▼ + stars: | 2023-04-03 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, April 3 (Reuters) - Formula One teams will welcome more than their drivers the breathing space provided by a long April break in a record 23-race season. "I don't want to have that break, because you know which race was missing from that break," said Alfa Romeo's Guanyu Zhou, the sport's only Chinese driver. "You will use it (the break) just to prepare for the next race in a better way and review the first three races. "For the race team, there's an opportunity to have a little bit of rest because the rest of the season will be tough." The break provides more time also for teams to work on upgrades and add spares after a bruising weekend for some in Australia.

☆ Drivers urged to help steer F1 away from 'moral vacuum'
▼ + stars: | 2023-02-28 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, Feb 28 (Reuters) - Lewis Hamilton and other Formula One drivers can help steer the sport away from a 'moral vacuum' by speaking out at season-opening races in Bahrain and Saudi Arabia, human rights campaigners said on Tuesday. One is a road which is a moral vacuum where the leaders and the administrators seem to going," he said. It called for an independent enquiry to examine the role of races in human rights violations. Bahrain's government has said it "actively supports the role Formula One can play in shedding light on human rights issues in all countries it operates in". Scriven said Formula One drivers would be justified in refusing to race in certain countries if the sport failed to put in place a proper ethical framework.

☆ Formula One rewrites the rule on shortened races
▼ + stars: | 2023-02-21 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

LONDON, Feb 21 (Reuters) - Formula One has rewritten a rule to ensure reduced points are given for shortened races after Red Bull's Max Verstappen clinched his second title in confusing circumstances last October. A statement of key decisions -- to be rubber-stamped by the FIA's World Motor Sport Council -- included a change of wording "to ensure that shorter races have reduced points even if they don’t finish with a suspended race." It turned out to be full points, enough for Verstappen to clinch the title with four races to spare. The FIA explained at the time that the reduced points rule only applied to grands prix that were suspended and could not be resumed. The meeting was chaired by Formula One Chief Executive Stefano Domenicali and FIA single-seater director Nikolas Tombazis.

☆ Nothing will stop me speaking out, says Hamilton
▼ + stars: | 2023-02-15 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

LONDON, Feb 15 (Reuters) - Seven-times world champion Lewis Hamilton vowed on Wednesday to continue speaking out despite Formula One's governing body clamping down on drivers making 'political' statements. The governing FIA updated its International Sporting Code last December requiring prior written permission to make or display "political, religious and personal statements or comments" at races. "It doesn't surprise me, but nothing will stop me from speaking on the things that I'm passionate about and issues that there are. Asked whether he would be prepared to take a penalty, Hamilton added: "It would be silly to say that I would want to get penalty points for speaking out on things. "But I am still going to be speaking my mind as we still have this platform, there are still a lot of things we need to tackle."

☆ F1 will never gag any drivers, says Domenicali
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 7 (Reuters) - Formula One will never gag anyone, chief executive Stefano Domenicali has stated in response to a pre-season controversy between the governing FIA and drivers over 'political' statements and freedom of speech. read moreThe move has been condemned by rights groups and criticised by drivers, who have spoken of their unhappiness and uncertainty. read more read more read more"F1 will never put a gag on anyone," said Domenicali. "Everyone wants to talk so to have the platform to say what they want in the right way the better it is. "I believe the FIA will clarify what has been stated, in terms of respecting certain places where you cannot do it," said Domenicali.

☆ Formula One accuses FIA head of commercial interference
▼ + stars: | 2023-01-24 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, Jan 24 (Reuters) - Liberty Media-owned Formula One has accused FIA president Mohammed Ben Sulayem of interfering with its commercial rights by publicly questioning a reported $20 billion valuation of the sport. They also fuel the sense of an emerging turf war between the governing body and a commercial rights holder eager to grow an expanding and increasingly popular championship in new directions. Sky Sports News reported that Formula One's legal head Sacha Woodward Hill and Liberty Media counterpart Renee Wilm had sent a joint letter to the FIA accusing the governing body of exceeding its remit. "The FIA has given unequivocal undertakings that it will not do anything to prejudice the ownership, management and/or exploitation of those rights," Sky quoted Formula One's letter as saying. There was no comment from Formula One and no immediate response from the FIA.

☆ Vince McMahon is back at WWE to ensure a smooth sale process. Here's who might want to buy it
▼ + stars: | 2023-01-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

WWE has hired JPMorgan to help the company advise on a potential sale, according to people familiar with the matter. But it remains unclear what type of role, if any, McMahon would want at WWE if he sold the company. WWE has a market capitalization of more than $6 billion after rising nearly 17% percent on Friday, buoyed by heightened sale speculation. McMahon's company already has an exclusive streaming deal with Comcast's streaming service, Peacock, and a cable TV deal with NBCUniversal's USA Network. Fox sold off most of its entertainment assets in its $71 billion sale to Disney in 2019, but WWE fits with the smaller company's sports and live events focus.

If more female fans tune in, they will help Chief Executive Stefano Domenicali fuel revenue at his motor-racing division. Around 40% of F1 fans are now female, up 8% from 2017, and more women are attending races too, Domenicali said in November. One way to accelerate the trend could be featuring female drivers. She also boasts a fanbase of over half a million social media followers – more than the W Series itself. Unfortunately for Formula One, when financial pressures ended W Series 2022 early, she absconded to Andretti Autosport’s team for the U.S. IndyCar NXT races.

☆ How the mounting popularity of Formula 1 relies on continuous innovation in the live broadcast experience
▼ + stars: | 2022-10-26 | by ( Sponsor Post | Created Insider Studios With Tata Communications | ) www.businessinsider.com time to read: +8 min

The delivery and quality of the live broadcast experience are now more vital than ever. Broadcast connectivity partner Tata Communications leveraged its substantial expertise to rise to the challenge. "The brilliance of the F1 broadcast is that the viewer never has to think about the technology. Aside from F1, Tata Communications also partners with numerous other sports and entertainment franchises. Tata Communications' new broadcast model has delivered around a 34% reduction in the organization's travelling freight, which has lessened the environmental impact.

☆ The man who made Red Bull the world's best-known energy drink and amassed a $25 billion fortune has died aged 78
▼ + stars: | 2022-10-23 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

The Austrian billionaire saw the potential in a Thai energy drink before investing in Red Bull. The Austrian co-founded the energy drink in 1984 after seeing the potential in another energy drink created by Thai investor Chaleo Yoovidhya, who became his cofounder. Just over 9.8 billion cans of Red Bull were sold last year, 24% more than in 2020, with revenue jumping by almost a quarter to 7.8 billion euros. Through Red Bull, Mateschitz also owned football clubs including Austria's Red Bull Salzburg, New York Red Bull, and RasenBallsport Leipzig. Red Bull also sponsors sports such as surfing, cliff diving, winter sports, and mountain biking and hundreds of competitors display its branding.

☆ Dietrich Mateschitz: Tributes paid to Red Bull founder
▼ + stars: | 2022-10-23 | by ( Aimee Lewis | ) edition.cnn.com time to read: +3 min

CNN —Tributes have been paid to Dietrich Mateschitz, the owner and co-founder of the sports drink company Red Bull, who has died aged 78. Ker Robertson/Getty ImagesIn 2004, Mateschitz bought the Ford-owned Jaguar team and the following season renamed it Red Bull Racing. The Austrian also bought the Italy-based Minardi F1 team and renamed it Toro Rosso in 2006, the Italian for Red Bull. After years of Mercedes dominance in recent years, Red Bull is back at the front of the grid with Max Verstappen sealing his second title at the Japanese Grand Prix earlier this month. “I want to send all my condolences to the Red Bull family, but also especially to his family that I also know.

☆ Motor racing-Formula One and Walt Disney extend ESPN deal until 2025
▼ + stars: | 2022-10-22 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermidAUSTIN, Texas (Reuters) - Liberty Media-owned Formula One and the Walt Disney Company announced an extension of their broadcast partnership on Saturday, keeping the sport on ESPN networks in the United States until 2025. Last year was the most-viewed season ever on U.S. television with an average 949,000 viewers per race, according to Formula One. “Formula One has seen incredible growth in the United States with sold-out events and record television audiences... The ESPN networks have played a huge part in that growth with their dedicated quality coverage.”

☆ Formula One and Walt Disney extend ESPN deal until 2025
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +2 min

AUSTIN, Texas, Oct 22 (Reuters) - Liberty Media-owned Formula One and the Walt Disney Company announced an extension of their broadcast partnership on Saturday, keeping the sport on ESPN networks in the United States until 2025. Last year was the most-viewed season ever on U.S. television with an average 949,000 viewers per race, according to Formula One. Next season is scheduled to have a record 24 races"We are delighted to announce that our partnership with ESPN will continue," said Formula One chief executive Stefano Domenicali in a statement. "Formula One has seen incredible growth in the United States with sold-out events and record television audiences... The ESPN networks have played a huge part in that growth with their dedicated quality coverage."

☆ Red Bull F1 team mourn death of founder Mateschitz at 78
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +2 min

Formula One - F1 - Abu Dhabi Grand Prix 2010 - Yas Marina Circuit, Abu Dhabi, United Arab Emirates - 14/11/10 (L-R) Red Bull Racing Chief Technical Officer Adrian Newey, Team Principal Christian Horner, CEO and Founder of Red Bull Dietrich Mateschitz and Red Bull Motorsport Consultant Dr Helmut Marko Mandatory Credit: Action Images / Crispin ThrustonAUSTIN, Texas, Oct 22 (Reuters) - Formula One and the championship-leading Red Bull team mourned the death of the energy drink company's Austrian founder Dietrich Mateschitz on Saturday at the age of 78. Red Bull Racing principal Christian Horner confirmed the news ahead of qualifying for the U.S. Grand Prix in Austin, Texas, where the team can clinch a fifth constructors' championship. Mateschitz bought the Ford-owned Jaguar team at the end of 2004 and turned it into Red Bull Racing, an outfit whose maverick image masked a fierce competitive spirit. The Austrian also bought the Italy-based Minardi team and renamed it Toro Rosso, the Italian for Red Bull. "He was an incredible visionary entrepreneur and a man who helped to transform our sport and created the Red Bull brand that is known all around the world."

☆ Formula 1 in 2023: Record 24-race calendar revealed as Las Vegas debuts and China returns
▼ + stars: | 2022-09-21 | by ( Matt Morlidge | ) www.cnbc.com time to read: +4 min

"We are excited to announce the 2023 calendar with 24 races around the world. Making way for 2023 is the French GP, and a previously touted race in South Africa has not been included. The calendar was approved by the FIA and the World Motor Sport Council and revealed by F1's governing body on Tuesday. Formula 1 has revealed a record race calendar for 2023, with the sport set to hold 24 races in a season for the very first time. The 2023 Formula One Monaco Grand Prix will be held on Sunday 28th May, 2023."

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