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Formula One Promotions And Administration
The Formula One Group is a group of companies responsible for the promotion of the FIA Formula One World Championship, and the exercising of the sport's commercial rights. The Group was previously owned by Delta Topco, a Jersey-based company owned primarily by investment companies CVC Capital Partners, Waddell & Reed, and LBI Group, with the remaining ownership split between Bernie Ecclestone, other investment companies, and company directors. It was bought by Liberty Media in 2017. Ecclestone, a former Formula One team boss, spent 40 years as chief executive of the company after gaining control of the commercial rights. , the group is run by Stefano Domenicali as president and chief executive officer. Chase Carey, who previously ran the group from 2017 to 2020, is non-executive chairman. History In 1974, the Formula One Constructors' Association (FOCA) was founded in order to increase commercial organisation of Formula One for the benefit of the racing teams. In 1978, Bernie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Waddell & Reed
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company. The company distributed products through three primary channels: * Advisors channel (a network of personal financial advisors around the country); * Wholesale channel (unaffiliated broker/dealers, registered investment advisors and retirement platforms); and the * Institutional channel (pension plans, defined benefit plans and endowments). History The company traces its history to September 3, 1937, when it was founded by Chauncey Waddell and Cameron Reed. The company was one of the first to sell funds f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Autosport
''Autosport'' is a global motorsport publishing brand headquartered based in Richmond, London, England. It was established in 1950 at the same time as the origins of the Formula One, Formula One World Championship. Autosport began life as a weekly magazine in 1950 and expanded into digital publishing with the creation of Autosport.com in 1997. In 2016, Haymarket Media Group sold Autosport and the rest of its motorsport portfolio to Motorsport Network. Autosport.com Autosport launched its website – Autosport.com – in 1997. As distinct from the magazine, the online content is more internationally focussed and as well as covering sports news and reporting on races, Autosport.com also produces video and galleries taken from the Motorsport Images archive and in-depth long-form content in the website's subscriber-only sections. Autosport Plus Autosport Plus is a paywalled part of the autosport.com website with additional content. Current editorial team *Editor - Haydn Cobb *Pl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renault In Formula One
Renault, a French automobile manufacturer, has been associated with Formula One as both team owner and engine manufacturer for various periods since 1977. In 1977, the company entered Formula One as a constructor, introducing the turbo engine to Formula One with its EF1 engine. In 1983, Renault began supplying engines to other teams. Although the Renault team had won races, it withdrew at the end of . Renault engines continued to be raced until 1986. Renault returned to Formula One in 1989 as an engine manufacturer. It won five drivers' titles and six constructors' titles between 1992 and 1997 with Williams and Benetton, before ending its works involvement after 1997, though their engines continued to be used without works backing until 2000. In 2000, Renault acquired the Enstone-based Benetton Formula team (formerly Toleman). Renault became a works engine manufacturer again in 2001, and in 2002 the Enstone-based team was re-branded as Renault. The team won the drivers' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scuderia Ferrari
Scuderia Ferrari (; ), currently racing under Scuderia Ferrari HP, is the racing division of luxury Italian auto manufacturer Ferrari and the racing team that competes in Formula One racing. The team is also known by the nickname "the Prancing Horse" ( or simply ), in reference to their logo. It is the oldest surviving and List of Formula One Grand Prix winners (constructors), most successful Formula One team, having competed in every World Championship since . The team was founded by Enzo Ferrari in 1929, initially to race cars produced by Alfa Romeo. By 1947, Ferrari had begun building its own cars. Among its important achievements outside Formula One are winning the World Sportscar Championship, 24 Hours of Le Mans, 24 Hours of Daytona, 12 Hours of Sebring, 24 Hours of Spa, Targa Florio, and Mille Miglia. Its customers have also secured victories at events including Petit Le Mans, Nürburgring 24 Hours, Bathurst 12 Hour, and Carrera Panamericana. The team is known for its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tyrrell Racing
The Tyrrell Racing Organisation was an auto racing team and Formula One constructor founded by Ken Tyrrell (1924–2001) which started racing in 1958 and started building its own cars in 1970. The team experienced its greatest success in the early 1970s, when it won three Drivers' Championships and one Constructors' Championship with Jackie Stewart. The team never reached such heights again, although it continued to win races through the 1970s and into the early 1980s, taking the final win for the Ford Cosworth DFV engine at the 1983 Detroit Grand Prix. The team was bought by British American Tobacco in 1997 and completed its final season as Tyrrell in the 1998 Formula One season. Tyrrell's legacy continues in Formula One as the Mercedes-AMG F1 team, who is Tyrrell's descendant through various sales and rebrandings via British American Racing, BAR, Honda in Formula One, Honda, and Brawn GP. Lower formulas (1958–1967) Tyrrell Racing first came into being in 1958, running Formu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Williams Grand Prix Engineering
Williams Racing, legally known as Williams Grand Prix Engineering Limited and competing as Atlassian Williams Racing, is a British Formula One team and constructor. It was founded by Frank Williams (Formula One), Frank Williams (1942–2021) and Patrick Head. The team was formed in after Frank Williams's earlier unsuccessful F1 operation, Frank Williams Racing Cars (which later became Frank Williams Racing Cars#Wolf–Williams Racing (1976), Wolf–Williams Racing in 1976). The team is based in Grove, Oxfordshire, on a site. The team's first race was the 1977 Spanish Grand Prix, where the new team ran a March Engineering, March chassis for Patrick Nève. Williams started manufacturing its own cars the following year, and Clay Regazzoni won Williams's first race at the 1979 British Grand Prix. At the 1997 British Grand Prix, Jacques Villeneuve scored the team's 100th race victory, making Williams one of only five teams in Formula One, alongside Scuderia Ferrari, Ferrari, McLa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McLaren
McLaren Racing Limited ( ) is a British auto racing, motor racing team based at the McLaren Technology Centre in Woking, Surrey, England. The team is a subsidiary of the McLaren Group, which owns a majority of the team. McLaren is best known as a Formula One chassis List of Formula One constructors, constructor, the second-oldest active team and the second-most successful Formula One team after Scuderia Ferrari, Ferrari, having won races, 12 Formula One Drivers' Championship, Drivers' Championships, and nine Formula One constructors' championship, Constructors' Championships. McLaren also has a history in American open wheel racing as both an entrant and a chassis constructor, and has won the Can-Am, Canadian-American Challenge Cup (Can-Am) sports car racing championship. McLaren is one of only three constructors, and the only team, to complete the Triple Crown of Motorsport#Teams and manufacturers, Triple Crown of Motorsport (wins at the Indianapolis 500, 24 Hours of Le Mans, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Concorde Agreement
The Concorde Agreement is a contract between the Fédération Internationale de l'Automobile (FIA), the Formula One teams and the Formula One Group which dictates the terms by which the teams compete in races, and how the television revenues and prize money is shared. There have been eight versions of the Concorde Agreement, all of which terms were kept strictly secret: the first one was signed in 1981, with newer agreements being signed in 1987, 1992, 1997, 1998, 2009, 2013; the current agreement was signed in 2021. The secrecy was broken by racing journalist Forrest Bond, when the 120-page 1997 Concorde Agreement was published at the end of 2005 by RaceFax. The intent of the agreements is to encourage professionalism and to increase the commercial success of Formula One. Conditions of the agreement generally include the obligation of the teams to participate in every race, hence making the sport more reliable for broadcasters, who were expected to invest heavily to acquire telev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FISA–FOCA War
The FISA–FOCA war was a political battle contested throughout the early 1980s by two now-defunct representative organizations in Formula One motor racing, the Fédération Internationale du Sport Automobile (FISA) and the Formula One Constructors Association (FOCA). The battle boiled during the late 1970s and early 1980s and came to a head when the racing teams affiliated with FOCA, an equivalent to a racing team union, boycotted the 1982 San Marino Grand Prix. Introduction The battle for control of Formula One was contested between the Fédération Internationale du Sport Automobile (FISA), at the time an autonomous subcommittee of the FIA, and the Formula One Constructors' Association (FOCA). The key figures involved were Jean-Marie Balestre, the FISA president at the time, Bernie Ecclestone, who led FOCA and owned the Brabham Formula One team, and Max Mosley, who later became the president of the FIA but then served as a legal advisor to both Ecclestone's Brabham tea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
