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Bankrupt Lehman Brothers profits from Formula One sale | Business ... - The Guardian

The former Formula One chief executive, Bernie Ecclestone. Photograph: Diego Azubel/EPA

Creditors of Lehman Brothers are on track for a turbocharged windfall after the collapsed bank announced it is selling its stake in Nasdaq-listed Formula One auto racing, giving it a payout of $1.5bn from a $300m investment.

The offering also brings the chequered flag down on former F1 chief executive Bernie Ecclestone’s time as a shareholder. The billionaire business magnate is offloading his remaining stake for $20m. Ecclestone first took over the wheel of F1 40 years ago and transformed it from being an amateur hobby into a race series which had revenue of $1.8bn last year.

Together, Ecclestone and his Bambino family trust have made an estimated $4.9bn from dividends and the sale of their shares.

For the past decade, F1 has been controlled by the private equity firm CVC but in January it...


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Read more: Bankrupt Lehman Brothers profits from Formula One sale | Business ... - The Guardian

The Red Bull Formula One Team Kicked My Ass - Jalopnik

GIF

I never knew just how out of shape my garbage marshmallow body was until I attempted a brief sample of what the Red Bull Racing Formula One drivers put themselves through in order to handle the brutal forces of an F1 car. F1 drivers have to be strong, fit and able to react quickly in order to win, and they’re constantly training when they’re not in the car to stay on their A-game.

Oh, and I now know what it feels like to experience true shame.

[Full disclosure: Red Bull Racing’s oil partner Mobil 1 and gas partner Esso wanted to make a point about having “energy to perform” by giving us exactly none of that here. They paid for travel, food and lodging, arranged interviews with members of the Red Bull Racing team, and threw us passes to the Italian Grand Prix Thursday media day.]

It’s a little intimidating to drive a sim in front of a couple of drivers who are much, much...

Read full article on Sports GN Formula1


Read more: The Red Bull Formula One Team Kicked My Ass - Jalopnik

FIA refines criteria for F1 Super License - Autoweek

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The FIA has approved changes to the Formula 1 superlicense qualification structure, according to a report in Autosport, and it now includes several news paths to the most prestigious motorsport in the world.

To earn a F1 license, drivers must earn 40 FIA points over a three-year period.

Previously, the champions of F2 (GP2,) European Formula 3, Formula E, IndyCar and the World Endurance Championship’s LMP1 class all received the necessary 40 points in one fell swoop. But with the decision made on Thursday, the point allotment structure has changed for several divisions across the globe.

The top-three drivers in F2 will continue to receive 40 points. This decision also retroactively provides 40 points to drivers that finished third over the past two seasons...


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Read more: FIA refines criteria for F1 Super License - Autoweek

Analysis: Could Palmer yet save his F1 career? - Motorsport.com, Edition: Global

The Singapore Grand Prix was a ray of sunshine in the general darkness of Jolyon Palmer's 2017 Formula 1 season. Adam Cooper asks if it could kickstart a run of results that keeps him in grand prix racing.

Will Jolyon Palmer be on the F1 grid in 2018? He won't be at Renault, we know that much, and only one realistic opportunity remains, with Williams.

Intriguingly, father Jonathan’s helicopter was spotted at the team’s Grove HQ earlier this week – but in fact he was on site for a Grand Prix Trust lunch hosted by Sir Jackie Stewart.

That said, perhaps he also found time to pop in and have a chat with Claire Williams. Yet what we can safely assume is that Jolyon is an outside bet, as there are other candidates with more momentum behind them.

This has been the season from hell for Palmer, but in Singapore things finally started to go in his direction. Sixth place might not look much on...


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Read more: Analysis: Could Palmer yet save his F1 career? - Motorsport.com, Edition: Global

Teams free to demo 2018 cars next year - Formula 1

The change, approved by the FIA’s World Motor Sport Council this week, means fans will be able to see the very latest Formula 1 cars at future demos organised by F1’s commercial rights holder at venues excluding currently-approved F1 circuits.

F1 Live London, where the most recent cars were from 2015, proved a huge success, with crowds of 100,000 attending, along with all 10 Formula 1 teams – a first outside of a Grand Prix weekend.

F1 rules place tight restrictions on the testing of current cars, officially defined as those built to the regulations of the previous season, the current season, and the following season.

Existing current-car rules limit teams, at the FIA’s discretion, to two demo days of no more than 15km between the last race of the season and the end of the calendar year – designed primarily for teams wanting to celebrate championship success.


WATCH: F1 Live - full...

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Read more: Teams free to demo 2018 cars next year - Formula 1

Report: Sebastian Vettel's engine is OK after Formula 1 crash in Singapore GP - Autoweek

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Sebastian Vettel's engine was not damaged in his first-lap crash at last weekend's F1 Singapore Grand Prix.

La Repubblica newspaper had reported that with his points deficit already blowing out to 28 points, Vettel might receive a further blow in the form of a grid penalty after photos showed damage to his Singapore power unit.

But Germany's Auto Bild is reporting that Vettel's engine was not damaged and can be used again later in the season.

Better still, Ferrari will roll out on schedule a new-specification power unit in Malaysia next weekend, the report added. And teammate Kimi Raikkonen appears to be in line to do whatever it takes -- insert team orders here -- to help his teammate win a championship.

"As drivers, we know exactly what Ferrari expects...


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Read more: Report: Sebastian Vettel's engine is OK after Formula 1 crash in Singapore GP - Autoweek

Formula 1 Turning to Microphones to Make Engines Louder - The Drive

This year has been a building year for Formula 1, and so far, it's worked. More fans are tuning in than in years previous, and a heated competition for the Drivers' Title is enough to come back for every race. Now, officials are saying that focus has shifted to further improving the experience, both at the circuit and on television, by introducing a ceramic microphone that amplifies engine noise.

This is in effort to recreate the same shrill of former Formula 1 engines with sound being a major complaint against the hybrid V-6 era. In a report from Reuters, F1 commercial managing director Sean Bratches explained the brand's strategy for bringing that excitement back to the sport.

“One of the things that we want to amplify going forward are the sounds of the sport, because they are viscerally moving to fans and critically important in all the research that we do."

Bratches noted that...


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Read more: Formula 1 Turning to Microphones to Make Engines Louder - The Drive

McLaren: Evident Alonso wants to stay for 2018

McLaren Formula 1 racing director Eric Boullier believes it is evident that Fernando Alonso wants to remain with the team for the 2018 season as the Spaniard continues to mull over his future.

McLaren announced last weekend in Singapore it would be cutting ties with ailing engine partner Honda at the end of the season, linking up with Renault for 2018.

The decision is expected to aid its bid to keep two-time world champion Alonso on-board, with his contract expiring at the end of the season, having long stated his ambition to return to the front of the pack next season.

When asked in an interview with the official F1 website how close McLaren was to re-signing Alonso for 2018, Boullier said it was “very close”.

“Fernando wants to stay. You can see it in his body language and the way he speaks,” he added.

“There are marketing details that have to be sorted out and that Zak [Brown] is...


Read full article on Sports Crash Formula1


Read more: McLaren: Evident Alonso wants to stay for 2018

FIA confirms Halo crash test details for 2018

FIA confirms Halo crash test details for 2018

The FIA has confirmed the crash test requirements for the ‘Halo’ cockpit protection for the 2018 Formula 1 season after updating the technical regulations for next year.

The F1 Strategy Group approved the introduction of Halo for 2018 in July, with the World Motor Sport Council rubber-stamping the decision at its latest meeting in Paris this week.

In the announcements made by the FIA on Thursday, the crash test details for Halo were confirmed via the technical regulations, allowing teams to finalise their chassis designs for next season.

Full details in the updated F1 technical regs on Halo crash testing for 2018 #F1 pic.twitter.com/r0SFnEvQGk

— Luke Smith (@LukeSmithF1) September 22, 2017

In other rule updates for 2018, there will be a clampdown on oil burn following the controversy involving Mercedes and Ferrari this season, while the...


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Read more: FIA confirms Halo crash test details for 2018

FIA updates Super Licence points for 2018

The FIA has updated its Super Licence points reward system for 2018, placing a greater focus on Formula 2 as the final step towards reaching Formula 1.

The points system for gaining an FIA Super Licence required to race in F1 was introduced in 2016, with drivers requiring 40 points through a three-year period.

Changes have been made for 2018 to encourage drivers to pass through F2 before reaching F1, aiding the FIA’s push for a pyramid structure for junior single-seater motorsport.

Previously, a full 40 points was awarded for a top-three finish in GP2 or winning the title in IndyCar, FIA European Formula 3, Formula E or the WEC’s LMP1 class.

As of 2018, this will only be awarded for a top-three finish in F2 or winning the IndyCar championship, with the other series facing points cuts.

Title wins in European F3, Formula E or WEC LMP1 will now be worth just 30 points, while the GP3...


Read full article on Sports Crash Formula1


Read more: FIA updates Super Licence points for 2018

Toro Rosso will consider Honda requests on F1 line-up

Scuderia Toro Rosso Formula 1 chief Franz Tost says the team will consider any requests new engine partner Honda may have concerning its driver line-up for 2018 as it begins to consider its future plans.

Toro Rosso confirmed last week in Singapore it would be linking up with Honda from 2018, as well as losing lead driver Carlos Sainz Jr. to Renault for next season.

The team currently fields Sainz alongside Daniil Kvyat, and has Red Bull youngster Pierre Gasly waiting in the wings, but will consider input from all interested parties - including Honda - before firming up its line-up for next year.

"Currently we have two quite successful and competitive drivers with Daniil Kvyat and Carlos Sainz and I assume that they will finish the season with us," Tost said.

"Regarding the drivers for next year, Red Bull will decide who is driving with us, and of course we will also take into...


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Read more: Toro Rosso will consider Honda requests on F1 line-up

The Big Fart Fiasco At Formula One's Singapore Grand Prix Press Conference Keeps Getting Better - Jalopnik

Everybody laughs at farts. If they don’t, they need to reevaluate the meaning of joy. Farts are funny, and farts are even funnier when famous athletes let them rip to liven up a generic post-race press conference in one of the most strict, fancier-than-thou racing series there is: Formula One.

“Athletes” being plural in that first paragraph might have thrown you off if you saw the Singapore Grand Prix podium press conference, since it seemed like Red Bull driver Daniel Ricciardo (naturally) was the only one shameless enough to fart with all of those of cameras and people around. But Ricciardo told Fox Sports Australia awhile after that it was really a deal between himself and three-time champion Lewis Hamilton, who both had to fart and didn’t want to do it alone.

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Ricciardo’s fart was, uh, louder, so people at the press conference noticed. It led to answers like this...


Read full article on Sports GN Formula1


Read more: The Big Fart Fiasco At Formula One's Singapore Grand Prix Press Conference Keeps Getting Better -...

The Red Bull Formula One Team Kicked My Ass - Jalopnik

GIF

I never knew just how out of shape my garbage marshmallow body was until I attempted a brief sample of what the Red Bull Racing Formula One drivers put themselves through in order to handle the brutal forces of an F1 car. F1 drivers have to be strong, fit and able to react quickly in order to win, and they’re constantly training when they’re not in the car to stay on their A-game.

Oh, and I now know what it feels like to experience true shame.

[Full disclosure: Red Bull Racing’s oil partner Mobil 1 and gas partner Esso wanted to make a point about having “energy to perform” by giving us exactly none of that here. They paid for travel, food and lodging, arranged interviews with members of the Red Bull Racing team, and threw us passes to the Italian Grand Prix Thursday media day.]

It’s a little intimidating to drive a sim in front of a couple of drivers who are much, much...

Read full article on Sports GN Formula1


Read more: The Red Bull Formula One Team Kicked My Ass - Jalopnik

The Red Bull Formula One Team Kicked My Ass - Jalopnik

GIF

I never knew just how out of shape my garbage marshmallow body was until I attempted a brief sample of what the Red Bull Racing Formula One drivers put themselves through in order to handle the brutal forces of an F1 car. F1 drivers have to be strong, fit and able to react quickly in order to win, and they’re constantly training when they’re not in the car to stay on their A-game.

Oh, and I now know what it feels like to experience true shame.

[Full disclosure: Red Bull Racing’s oil partner Mobil 1 and gas partner Esso wanted to make a point about having “energy to perform” by giving us exactly none of that here. They paid for travel, food and lodging, arranged interviews with members of the Red Bull Racing team, and threw us passes to the Italian Grand Prix Thursday media day.]

It’s a little intimidating to drive a sim in front of a couple of drivers who are much, much...

Read full article on Sports GN Formula1


Read more: The Red Bull Formula One Team Kicked My Ass - Jalopnik

The Red Bull Formula One Team Kicked My Ass - Jalopnik

GIF

I never knew just how out of shape my garbage marshmallow body was until I attempted a brief sample of what the Red Bull Racing Formula One drivers put themselves through in order to handle the brutal forces of an F1 car. F1 drivers have to be strong, fit and able to react quickly in order to win, and they’re constantly training when they’re not in the car to stay on their A-game.

Oh, and I now know what it feels like to experience true shame.

[Full disclosure: Red Bull Racing’s oil partner Mobil 1 and gas partner Esso wanted to make a point about having “energy to perform” by giving us exactly none of that here. They paid for travel, food and lodging, arranged interviews with members of the Red Bull Racing team, and threw us passes to the Italian Grand Prix Thursday media day.]

It’s a little intimidating to drive a sim in front of a couple of drivers who are much, much...

Read full article on Sports GN Formula1


Read more: The Red Bull Formula One Team Kicked My Ass - Jalopnik

Haas F1 deals with team orders after Romain Grosjean's ninth-place finish in Singapore - Autoweek

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Haas F1 team principal Guenther Steiner is defending team orders imposed during the Formula 1 Singapore race last weekend after Romain Grosjean finished ninth after teammate Kevin Magnussen was told to let him pass.

When Magnussen emerged from his car under the city-state's floodlights, he told the media that being ordered by his bosses to give up a place to Grosjean potentially cost the team points. Afterward, however, he told the Danish newspaper BT: "After the race, I said on TV that the decision cost us points. But it was a slightly different situation than I thought."

Indeed, Steiner said the order was simply a matter of making the best use of race strategy to boost the team's chances of points.

Haas' drivers are 13th and 14th in the standings. On the...


Read full article on Sports GN Formula1


Read more: Haas F1 deals with team orders after Romain Grosjean's ninth-place finish in Singapore - Autoweek

Haas F1 deals with team orders after Romain Grosjean's ninth-place finish in Singapore - Autoweek

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!-- node-aw_paragraph-content-article.tpl.php --

Haas F1 team principal Guenther Steiner is defending team orders imposed during the Formula 1 Singapore race last weekend after Romain Grosjean finished ninth after teammate Kevin Magnussen was told to let him pass.

When Magnussen emerged from his car under the city-state's floodlights, he told the media that being ordered by his bosses to give up a place to Grosjean potentially cost the team points. Afterward, however, he told the Danish newspaper BT: "After the race, I said on TV that the decision cost us points. But it was a slightly different situation than I thought."

Indeed, Steiner said the order was simply a matter of making the best use of race strategy to boost the team's chances of points.

Haas' drivers are 13th and 14th in the standings. On the...


Read full article on Sports GN Formula1


Read more: Haas F1 deals with team orders after Romain Grosjean's ninth-place finish in Singapore - Autoweek

Haas F1 deals with team orders after Romain Grosjean's ninth-place finish in Singapore - Autoweek

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!-- node-aw_paragraph-content-article.tpl.php --

Haas F1 team principal Guenther Steiner is defending team orders imposed during the Formula 1 Singapore race last weekend after Romain Grosjean finished ninth after teammate Kevin Magnussen was told to let him pass.

When Magnussen emerged from his car under the city-state's floodlights, he told the media that being ordered by his bosses to give up a place to Grosjean potentially cost the team points. Afterward, however, he told the Danish newspaper BT: "After the race, I said on TV that the decision cost us points. But it was a slightly different situation than I thought."

Indeed, Steiner said the order was simply a matter of making the best use of race strategy to boost the team's chances of points.

Haas' drivers are 13th and 14th in the standings. On the...


Read full article on Sports GN Formula1


Read more: Haas F1 deals with team orders after Romain Grosjean's ninth-place finish in Singapore - Autoweek

Haas F1 deals with team orders after Romain Grosjean's ninth-place finish in Singapore - Autoweek

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!-- node-aw_paragraph-content-article.tpl.php --

Haas F1 team principal Guenther Steiner is defending team orders imposed during the Formula 1 Singapore race last weekend after Romain Grosjean finished ninth after teammate Kevin Magnussen was told to let him pass.

When Magnussen emerged from his car under the city-state's floodlights, he told the media that being ordered by his bosses to give up a place to Grosjean potentially cost the team points. Afterward, however, he told the Danish newspaper BT: "After the race, I said on TV that the decision cost us points. But it was a slightly different situation than I thought."

Indeed, Steiner said the order was simply a matter of making the best use of race strategy to boost the team's chances of points.

Haas' drivers are 13th and 14th in the standings. On the...


Read full article on Sports GN Formula1


Read more: Haas F1 deals with team orders after Romain Grosjean's ninth-place finish in Singapore - Autoweek

The Big Fart Fiasco At Formula One's Singapore Grand Prix Press Conference Keeps Getting Better - Jalopnik

Everybody laughs at farts. If they don’t, they need to reevaluate the meaning of joy. Farts are funny, and farts are even funnier when famous athletes let them rip to liven up a generic post-race press conference in one of the most strict, fancier-than-thou racing series there is: Formula One.

“Athletes” being plural in that first paragraph might have thrown you off if you saw the Singapore Grand Prix podium press conference, since it seemed like Red Bull driver Daniel Ricciardo (naturally) was the only one shameless enough to fart with all of those of cameras and people around. But Ricciardo told Fox Sports Australia awhile after that it was really a deal between himself and three-time champion Lewis Hamilton, who both had to fart and didn’t want to do it alone.

Advertisement

Ricciardo’s fart was, uh, louder, so people at the press conference noticed. It led to answers like this...


Read full article on Sports GN Formula1


Read more: The Big Fart Fiasco At Formula One's Singapore Grand Prix Press Conference Keeps Getting Better -...

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