Articles tagged Caroline Reid

Page 13 of November 2008 archive issue thumbnail Page 13, November 2008

Grand Prix hosts reap the financial rewards

We generally read about governments groaning because of the cost of the fees to host Grands Prix and maintain the circuits. However, the latest data from Renault F1 title partner ING and F1 industry monitor Formula Money reveals that not only are the races covering the cost of investment, but they are making on average a 553 per cent return for governments. The research covers all of the races in...

Page 13 of November 2008 archive issue thumbnail Page 13, November 2008

F1 rights holder under strain

The latest financial results for Formula 1’s commercial rights holder show it may need a hefty boost to motor through the economic downturn. F1’s revenues are mainly comprised of broadcasting rights and race hosting fees, which together raised £530 million for the sport’s UK parent company last year. But this was only a slight increase on the £410m the business made in 2006 over the nine-month...

Page 14 of August 2011 archive issue thumbnail Page 14, August 2011

Profit swell makes racing hot property

Profit swell makes racing hot proper Since April rumours have been circulating that Rupert Murdoch's News Corporation media empire and Exor, an investment fund which ultimately owns a stake in Ferrari, would make a bid for Formula 1. As Motor Sport went to press a bid still hadn't been made and experts have cited numerous hurdles that it would face. They include opposition from the teams, due to...

Page 12 of August 2008 archive issue thumbnail Page 12, August 2008

Mosley outcome could 'scare off future sponsors'

The feared exodus of sponsors from Formula 1 following the FIA’s vote of confidence in Max Mosley looks unlikely to happen, but the long-term repercussions remain a concern. F1 is home to over 300 brands providing its 10 teams close to £500 million and making up the bulk of their budgets. It was expected that brands might announce their departure from F1 following a Mosley victory due to the...

Page 13 of September 2010 archive issue thumbnail Page 13, September 2010

New teams 'lack form'

David Richards, the former team principal of BAR-Honda and Benetton, believes the performance of the new teams which joined Formula 1 this year has made it harder for other entrants to raise the money to take part. Richards’ engineering firm Prodrive was granted an F1 grid slot in 2008 but could not compete after the FIA failed to approve rules allowing teams to share car chassis. Last year...

Page 16 of November 2009 archive issue thumbnail Page 16, November 2009

Bernie backs Todt for FIA

Bernie Ecclestone has given his support to former Ferrari team principal Jean Todt in this month’s election of a new president for the sport’s governing body, the FIA. Todt is in the running against 1981 World Rally Champion and former European parliament member Ari Vatanen after current president Max Mosley decided not to stand again after 16 years in the post. Ecclestone doesn’t have a say in...

Page 13 of March 2010 archive issue thumbnail Page 13, March 2010

Team budgets crash as the recession bites Fl

Formula 1 team budgets dropped by more than 10 per cent in the tough economic climate of 2009, according to research in the new edition of Formula Money, the annual data guide to the business of F1. The average team budget fell to $271.6 million, compared to $302.8m in the previous year, while total budgets plummeted from $3.1bn to $2.7bn as some of the biggest spenders withdrew from F1. On the...

Page 77 of June 2011 archive issue thumbnail Page 77, June 2011

The great Texas gamble

Getting F1 back on America’s radar is a tough call, but promoter Tavo Hellmund is sure he’s about to hit pay-dirt – and Bernie believes in himBy Christian Sylt and Caroline Reid Formula 1 boss Bernie Ecclestone jokes that he has known the 40-year-old Hellmund “since before he was born”. His father, Gustavo Hellmund-Rosas, was president of Mexico’s GP organising committee when the race returned in...

Page 57 of November 2007 archive issue thumbnail Page 57, November 2007

Conspicuous consumption

With a turnover of £2.2bn in 2007 alone, Formula 1 is among the richest sports on the planet. Even more remarkably, it’s still growing By Christian Sylt & Caroline Reid Formula 1 has been at the peak of motor racing for more than half a century. But what was once a sport renowned for its privateer teams and gentleman drivers is now synonymous with the world’s biggest blue-chip companies and...

Page 69 of December 2009 archive issue thumbnail Page 69, December 2009

Donington and the British GP – Digging for the truth

The doubters who believe Donington Park has little hope of hosting the British Grand Prix in 2010 look likely to be proved right. But why has the race’s future been put in jeopardy for so long? By Christian Sylt & Caroline Reid The Formula 1 fraternity had become used to uncertainty over the future of the British Grand Prix. It became an annual ritual that in the run up to the race F1’s boss...

Pages

LATEST ISSUE

October 2019
Brawn Supremacy
 

SUBSCRIBE

NEWSLETTERS

Sign up to our newsletters
The latest news, straight to your inbox – click below to sign up to the newsletter list.

SIGN UP

THE APP

The Motor Sport App
Carry Motor Sport with you, wherever you go. On iOS, Android and Kindle.

DOWNLOAD

Noticed a mistake on this page?

Tell Us About It