Tag Archives: F1

Banker charged over F1 rights sale

Prosecutors in Munich have charged a former senior executive at a German bank for allegedly taking bribes from Formula One supremo Bernie Ecclestone in connection with the sale of the bank’s stake

F1: Unlucky 13th for Schumacher

Seven-time world champion Michael Schumacher endured a frustrating day in the wet at Silverstone and will start Sunday’s British Grand Prix in 13th place on the grid. The 42-year-old Mercedes driver —

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Virgin F1 team to race under Russian flag

LONDON – Virgin Racing will compete with a Russian licence this season as part of their partnership with sportscar maker Marussia Motors, the Formula One team said on Monday. Team president Graeme Lowdon told Reuters at the launch of the new MVR-02 car that Virgin had obtained the agreement of Britain’s governing body, the Motor Sports Association (MSA), to make the switch.
“There’s actually quite close links between the MSA and the Russian federation and there’s a lot of

Putin rescues Russian F1 ace Petrov

MOSCOW – Vitaly Petrov, Russia’s first and only Formula One driver, is to receive funding from state-run high-tech company Rostekhnologii following a deal brokered by Prime Minister Vladimir Putin, local media reported on Tuesday.
Petrov, his manager Oksana Kosachenko, Rostekhnologii chief Sergei Chemezov, and Leonid Mikhelson, head of private gas firm Novatek, hammered out the details of the new sponsorship deal during a meeting with Putin. “The number of automobile sport

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