Formula One split widens over budgets
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TEAM owners last night kick-started a week of intense activity that will help to determine who wins control of one of the richest sports in the world.
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It came as a shock to most people in Formula-1 when Ford pulled Jaguar out of next season. They also put up the team for sale. And since then there have been doubts whether the team could make it to next year.
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The British Grand Prix may have ended on Sunday but the Formula One ÃÂÃÂespionage&#39; controversy that overshadowed on-track events at Silverstone has seemingly still got plenty of mileage left in it.
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Bernie Ecclestone&#39;s formula one empire was under threat last night after an alliance of car manufacturers announced they would set up a rival world championship series by 2008 to give a fairer financial deal to all the competing teams.
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Jaguar&#39;s decision to pull out of Formula One racing has thrown the sport into chaos, it was reported Friday. The team, owned and run by Ford, has struggled since emerging from
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The British Grand Prix at Silverstone seems certain to be reprieved after a deal between Formula One teams. Nine of the 10 teams agreed to cut testing by 50 per cent to bear the cost of two extra races at
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The legal battle for control of Formula One gets underway in earnest today, with Bernie Ecclestone and the three German banks that make up the major shareholding in the sport going to court to decide who has the right to power.
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Formula One qualifying will take place on the same day as the race next season, after team bosses approved proposals put forward by the governing International Automobile Federation (FIA).
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It would be difficult to justify the extra cost of racing in a non-championship British grand prix, Williams&#39; Sam Michael said on Sunday.
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Ten teams spend more than $1 billion every season to go racing and only one has won the championship in half a decade. If that sounds mad, the rest of Formula One&#39;s goings-on might explain why.
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Bernie Ecclestone&#39;s vice-like grip on Formula One has loosened after a judge ruled that a consortium of banks controlled the board of Formula One Holdings (FOH) - the company that runs the Grand Prix circuit.
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A legal dispute which is expected to be a decisive factor in whether rights holder Bernie Ecclestone continues to dominate Formula One racing began.
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The British grand prix may, after all, be on next year&#39;s calendar after a dramatic development yesterday as nine of the 10 formula one teams agreed to cost-cutting measures that could allow the race to take place on July 3.
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Formula One's governing body imposed sweeping technical changes Friday designed to slash costs and improve the qualify of racing starting next year.
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With two races to go, Formula One's season couldn't be closer.
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In a week which began with Minardi boss Paul Stoddart warning that F1 is in crisis, and Bernie Ecclestone (seemingly) rubbing his hands with glee at the prospect of three Ferraris taking on three McLarens, FIA president Max Mosley has maintained his
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The money saved will go towards an eighteenth and nineteenth grand prix next year -- in Britain and France. &quot;A commercial deal with Bernie Ecclestone is done,&quot; Australian Stoddart revealed at the Hilton.