F1 commentators were surprised with the announcement that Mick Schumacher had signed for the Haas team instead of what was believed to be the better option of the Alfa Romeo team. Alfa Romeo team boss Frederic Vasseur said he was not sure why Ferrari has placed Mick Schumacher at rival Ferrari-powered Continue Reading
Garry Sloan
Show me the money
McLaren Racing announced at last weekend’s Abu Dhabi race that they had agreed to sell a third of the company to a group of United States-based investors. MSP Sports Capital will inject £185m by the end of 2022 giving them a 15% stake rising to 33%. McLaren were delighted with Continue Reading
Formula 1 and the Middle East
As the F1 circus leaves Bahrain and heads to Abu Dhabi both countries with poor human rights records F1 tells the world where it stands in the Middle East. Chase Carey told CNN Sport, “I think we’re proud of our commitment to human rights. We are very proud of our partnership here Continue Reading
Safety doesn’t happen by accident
In Bahrain, the F1 community witnessed the horrific crash of Romain Grosjean and at the same time what only can be described as some sort of miracle as Grosjean appeared from the flames into the brave hands of Dr Ian Roberts. Grosjean no stranger to a crash or two prophetically Continue Reading
Alpha Tauri the road ahead
Last week’s column looked at the possibility of Dietrich Mateschitz selling the Red Bull team, leaving the question, what about the Scuderia Alpha Tauri team? The team was originally purchased in late 2005 from Minardi by ex F1 driver Gerhard Berger and Red Bull with the team changing its name Continue Reading
Headaches piling up for Dietrich Mateschitz
Dr Helmet Marko and Christian Horner are always quoted as saying Red Bull owner Mr Mateschitz will make the final decisions on all the important issues. So, the first item in his in-tray is Honda’s departure from F1. Red Bull have stated their preferred option would be to take over Continue Reading
Lawrence Stroll F1’s Rainmaker
Lawrence Stroll once again proves to be the consummate dealmaker with the announcement last week that Mercedes-AMG was involved in a new £1.3bn refinancing package for Aston Martin. Lawrence who had previously put together his Yew Tree consortium to purchase Aston Martin knew the company did not have enough cash Continue Reading
Gene Hass to decide
Last week Kevin Magnussen and Romain Grosjean learned their services are no longer required by the Haas team. Grosjean told L’Equipe that team boss Guenther Steiner informed him that financially Haas needs two pay drivers. With that news, the rumour mill went into full speed with Sergio Perez, Mick Schumacher, Continue Reading
Good night Vietnam
The much-anticipated cancellation of the Vietnam 2020 race has struck another Covid-19 blow to Liberty Media’s finances. In an interview with the New York Times in 2018 after announcing Vietnam as a new race Chloe Targett-Adams, the sport’s global director of promoters and business relations (boy do they love their Continue Reading
Liberty Media takes back control in Brazil
The news broke last week amid controversy that F1 will move from Interlagos in Sao Paulo to a new purpose-built track on the outskirts of Rio de Janeiro. The construction of the new circuit would require the deforestation of the Camboatoa region with the felling of 200,000 trees something the Continue Reading