Formula 1 and world motorsport’s governing body the FIA have both confirmed that all ten F1 teams have signed the new Concorde Agreement.
The move means all of the series’ teams will race under new rules governing the sport, which aim to reduce financial disparities between the teams.
Three of the sport’s big names, Ferrari, McLaren and Williams, all put pen to paper supporting the agreement, with the other seven teams following after.
Formula 1 has announced a new initiative aimed at tackling issues such as climate change and racism.
The new #WeRaceAsOne initiative will support the #PurposeDriven Movement, launched by the FIA, while F1 says it will underpin the single-seater motorsport series’ strategy ‘to make a tangible difference in our sport and society.’
Formula 1 has announced the first eight races of its 2020 calendar, confirming that the season will begin in Austria on 5th July, and will include two back-to-back races at Silverstone between 31st July and 9th August.
F1 says its teams and governing body the FIA have worked together on the restart plan, which has outlined the first segment of the revised racing calendar.
Formula 1 has said its ‘target start date’ for the 2020 season will be in July with the Austrian Grand Prix.
In a statement, F1 CEO, Chase Carey, laid out plans to begin the season in Europe and said that a confirmed schedule would be released as soon as possible.
“We’re targeting a start to racing in Europe through July, August and beginning of September,” he said, “with the first race taking place in Austria on 3-5 July weekend.”
Formula 1 has announced the launch of a new F1 Esports Virtual Grand Prix series in response to cancellations caused by the ongoing coronavirus pandemic.
The single seater motorsport series says it has launched the initiative to enable fans to continue watching races virtually, despite disruption to the race calendar of the 2020 F1 season.
Red Bull pair Max Verstappen and Alex Albon have warmed up for the curtain-raising Australian Grand Prix by taking part in a race to decide which of the pair is the ‘True Blue Aussie’.
The video sees the pair put through their paces by Australian snowboard legend and Red Bull athlete Scotty James as they ride motorised coolers around a track, stopping three times to complete tasks such as eating breakfast without any cereal, barbecuing sausages and hanging up washing.
Both drivers will compete in Albert Park in Melbourne at the first Grand Prix of the season.
Formula 1 and Sportradar have announced they are teaming up to introduce new, live in-race betting markets ahead of the 2020 season.
Exclusively offering official F1 data, Sportradar will deliver a range of pre-race and in-race markets to betting operators, with live data taken directly from the track on race day and made available from each of the Grands Prix in this year’s F1 World Championship.
Ahead of the new Formula 1 season, Robin Fenwick, Founder & CEO, Right Formula, takes a look at motorsport sponsorship and asks if it's currently at a crossroads.
Formula 1 has announced Saudi energy and chemicals company Aramco as a new long-term Global Partner.
The deal sees Aramco become the single seater motorsport series’ sixth Global Partner alongside DHL, Emirates, Heineken, Pirelli and Rolex.
The pair say they will combine their shared expertise to identify opportunities for the advancement of sustainable fuels, enhanced engine efficiencies and emerging mobility technology across the course of their partnership.
Murray Barnett has stepped down as Director of Commercial Partnerships, Formula 1, after three years in the role and will be replaced by former Director of Sponsorship, Heineken, Ben Pincus.
Barnett follows former Managing Director of Commercial Operations Sean Bratches out of the motorsport series, after he stepped down last month.
Pincus, meanwhile, will join Formula 1 on 2nd March 2020, where he will report directly to Chairman and CEO, Chase Carey.
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