• Rocketing costs raise fears over Formula One's future• Controlling equity firm CVC Capital comes under fire Formula One is in crisis as it faces up to a $2bn (£1.32bn) bill that it cannot afford to pay and which could spell the end for a number of teams. The warning has come from one of the sport's biggest players, Martin Whitmarsh, the McLaren team principal who is also chairman of the Formula One Teams' Association, on the eve of the Monaco Grand Prix. The teams, who are absorbing the t...
• Rocketing costs raise fears over Formula One's future• Controlling equity firm CVC Capital comes under fire Formula One is in crisis as it faces up to a $2bn (£1.32bn) bill that it cannot afford to pay and which could spell the end for a number of teams. The warning has come from one of the sport's biggest players, Martin Whitmarsh, the McLaren team principal who is also chairman of the Formula One Teams' Association, on the eve of the Monaco Grand Prix. The teams, who are absorbing the t...
Share this Article
Recommended