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 unanimously
Read More By Joey Barnes, Editor-in-Chief The new qualifying format that Formula One implemented for the start of the 2016 season has been scrapped after teams and the FIA met following a horrendous qualifying session on Saturday for the Australian Grand Prix. The live-elimination system has been ditched in favor of the previous format that will be used for the next round in Bahrain. The rule change will still need to be approved by the Strategy Group and F1 Commission before it can be sent to the World Motor Sport Council, as
Read More By Adam Tate, Managing Editor The FIA World Motorsport Council has formally ratified the calendar for the 2016 Formula One World Championship. Only one change was made over the provisional calendar, the Mexican Grand Prix will be moved forward one week to October 30th, giving the teams back to back races with the U.S. race set to take place on October 23rd. There is still doubt over the U.S. race due to funding issues between Circuit of the Americas and the state of Texas. The season begins and ends in the
Read More By Adam Tate, Managing Editor The next Formula One strategy group meeting is Tuesday in Paris and details of its agenda have been revealed to the press. Chief among the items to be discussed include the proposal to introduce a budget engine in 2017 to lower costs for customer teams. The highly controversial topic came about after Ferrari exercised its veto ability when the sport tried to introduce a cost cap for engines. The proposed budget power units are expected to take up a majority of the meeting. The docket also
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