Chase Carey Tag

By Joey Barnes, Editor-in-Chief The Dutch Grand Prix is back on the Formula 1 calendar after a 35-year absence with a return to Zandvoort beginning in 2020. A three-year deal was put together due to partnerships with SportVibes, TIG Sports and the Circuit Zandvoort. Additionally, longstanding Formula 1 partner Heineken will hold rights as the title sponsor for the event May event. “We are particularly pleased to announce that Formula 1 is returning to race in the Netherlands, at the Zandvoort track,” said Chase Carey, CEO of Formula 1. “FromRead More

Posted On March 14, 2017By Steve AibelIn Breaking News, Formula One, Opinion

AIBEL: Formula Wonder

By Steve Aibel, Senior F1 Writer A new Formula 1 season always, ALWAYS brings with it a sense of optimism that roots deeply within the bones of race enthusiasts worldwide. After three seasons where both World Championships were decided practically before the cars even hit the track, this season carves out a hope of a more paralleled distribution of the points making up the Word Championship. In 2017, there is a sense on wonder underlying the series. With new commercial control, an update to the formula, and an interesting driver shuffle, 2017 hasRead More

Posted On January 23, 2017By Adam TateIn Breaking News, Formula One, Headline News

F1: Bernie is Out

By Adam Tate, Associate Editor Bernie Ecclestone is no longer the chief executive officer of Formula One. His four decade reign atop the sport has come to an end, confirmed by Liberty Media naming Chase Carey as his replacement. Ecclestone who saw the writing on the wall, stepped down graciously and released the following statement. “I’m proud of the business that I built over the last 40 years and all that I have achieved with Formula One, and would like to thank all of the promoters, teams, sponsors and television companiesRead More
By Adam Tate, Associate Editor A day after Liberty Media’s shareholders approved the plan to purchase the remaining shares of Formula One from CVC Capital Partners, the World Motor Sport Council and the FIA have approved the sale in full during their meeting today in Geneva. Liberty Media representatives held a special presentation on their plans for F1 with the WMSC representatives and participated in a Q&A session before the deal was unanimously approved. The FIA released the following statement on the historic deal. “The World Motor Sport Council has unanimouslyRead More
By Adam Tate, Associate Editor Liberty Media has announced an agreement with third party investors to raise $1.55 billion dollars in order to move forward with their plan to purchase Formula One from CVC Capital Partners. They are raising the funds through newly issues shares of their stock with the price set at $25 per share. The official release from Liberty is strewn with legal jargon, but the basic gist is that the capital raised from selling the shares will ensure the initial deal they signed with CVC for a fullRead More