Classifieds 50% off, use promo code FBkpkPromo The Phuket News Kata Rocks The Phuket News Outrigger Koh Samui Beach Resort
The Phuket News World Sport
The Phuket News Phuket | Thailand | World  | Surf Report  | Predictions XML, RSS, Feed
The Phuket News The Phuket News
The Phuket News

Singapore GP could be outdone by talk of F1 commercial rights sale

FORMULA ONE: The 2016 Singapore Grand Prix, set on the streets of one of the world’s largest business capitals, will be raced against a background of financial intrigue as the sport comes to grips with its US$8 billion commercial rights sale.


Michael Lamonato

Friday 16 September 2016, 11:00AM


Chase Carey (left) seen here with media mogul Rupert Murdoch. Photo: Kevin Winter/AFP
Chase Carey (left) seen here with media mogul Rupert Murdoch. Photo: Kevin Winter/AFP

Speculation hit fever pitch that the rights to commercially exploit Formula One were changing hands on Sept 4 at the Italian Grand Prix, and the rumour was confirmed three days later by soon-to-be-owner Liberty Media Corporation.

Liberty, which itself is owned by billionaire American businessman John Malone, bought an 18.7 per cent share of the commercial rights on the spot with a view of taking 100% control by March next year.

“I greatly admire Formula One as a unique global sports entertainment franchise attracting hundreds of millions of fans each season from all around the world,” said incoming chairman Chase Carey. “I see great opportunity to help Formula One continue to develop and prosper for the benefit of the sport, fans, teams and investors alike.”

Carey has recently stepped down as vice-chairman at 21st Century Fox, where he was tipped to replace Rupert Murdoch by the media mogul himself.

The high-flying American’s presence in the paddock has led to uncomfortable questions about long-time F1 CEO Bernie Ecclestone’s ongoing role leading the sport.

Ecclestone has been a pivotal figure in Formula One’s growth from enthusiast sport into global phenomenon, and he has only gone so far as to say the owners want him for three years – but commentators have suggested he may last only as long as it takes for new management to settle in.

Liberty has flagged its intention to define its F1 stewardship by boosting its availability to the digital market and expanding its portfolio of sponsors, and teams will be offered a stake in the new-look business.

The thrashing out of a handover deal will be of mere academic interest to the sport’s on-track protagonists, however, when they commence battle in the Formula One’s original night race.

C and C Marine

Nico Rosberg has had things all his own way since the midseason break with victories in Belgium and Italy, reducing championship leader Lewis Hamilton’s advantage to just two points with seven rounds remaining.

Hamilton, however, will point to his back-of-grid start at Spa and clutch problems off the line in Monza as extenuating circumstances for his third and second-place finishes.

The Briton could also rely on his superior record at Marina Bay – two wins compared to Rosberg’s best result of second place in the inaugural 2008 event – to aid him this weekend, but Mercedes’s woeful performance at the street circuit last year will make him less confident.

The Mercedes cars, otherwise the stand-outs of the 2015 field, could qualify just fifth and sixth here last year, and Rosberg, the team’s sole finisher, came home fourth behind both Ferraris and Red Bull Racing’s Daniel Ricciardo.

Mercedes put its 2015 problems down to failing to master the Pirelli tyres around the hot and twisty track, but it would take a brave man to bet against the Silver Arrows ameliorating its shortcomings in the preceding 12 months.

But now in 2016, even the prospect of a circuit that might neutralise Mercedes advantage sufficient to bring Ferrari and especially Red Bull Racing into victory contention is enough to have Formula One fans licking their lips with anticipation.

Don’t forget to tune in to Live89.5 each and every Saturday from 9am to hear Box of Neutrals talk F1 and a whole lot more.

 

 

The Phuket News
The Phuket News
Comment on this story
* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.
Comments Here:
Username:
Password:
E-mail:
Security:
    Forget your password?

Be the first to comment.

The Phuket News
The Phuket News The Phuket News The Phuket News
The Phuket News
Share this
The Phuket News
Have a news tip-off? Click here
The Phuket News
Related stories
The Phuket News
Phuket community

Recent Comments


Street sweeper run over by car, left seriously injured

Swerv, kurt was only asking a question, he did not state that the driver had a heart attack, the only attack here was you rushing to attack kurt, but...(Read More)


Street sweeper run over by car, left seriously injured

swerv did not read/understand a simple comment. Since when is asking a question 'speculation'? Are other comments here to difficult for sw...(Read More)


Street sweeper run over by car, left seriously injured

Kurt: Was the car driver having a heart attack? What evidence do you have that this was the case? Pure speculation as usual....(Read More)


New parking restrictions on Phuket Town’s Thalang Rd

Agreed, but transportation to/from is a nightmare and where would the parking lot be?? All good and well to close old town streets to vehicles but wou...(Read More)


Street sweeper run over by car, left seriously injured

A car crashed with high speed into the poor lady on a footpath. What is this? Was the car driver having a heart attack?...(Read More)


Street sweeper run over by car, left seriously injured

Street cleaner from Burma v Thai driver. Police investigating how much fine? slap on wrist + medical expenses? In UK 3/5 years licence lost + 50000 ba...(Read More)


Blazing Saddles: Racha islands offer great bike trails and wildlife spotting

Racha Noi/Racha Yai and Raya Noi/Raya Yai.And this is confusing?Wondering why this writer still lives in Phuket,if he needs to mention in every articl...(Read More)


New parking restrictions on Phuket Town’s Thalang Rd

Phuket could make a big step ahead and declare the Thalang Rd an other roads in the old Town strictly as Pedestrian Zone. This would give a big boost ...(Read More)


Phuket’s Chalong Underpass flamed for slow construction

Like many people wrighting before. Build a bridge over the roundabout 70% cheaper and finish for 6 mount ago. And what comes to happen with the tunnel...(Read More)


Phuket’s Chalong Underpass flamed for slow construction

I want to be the first <I TOLD YOU SO>.Bravo !I hope it will take 10 Years and will kost some 100 Million or more and all the Locals who voted f...(Read More)

The Phuket News
The Phuket News
Bangkok Hospital Phuket
PHUKET NEWS
Phuket
Thailand
World
Business
Q A
Weird World
ARCHIVE
POLL
CURRENCY
WEATHER
PHUKET TIDE TABLE
The Phuket News PHUKET LIFE
Phuket Arts
Phuket Community
Phuket Culture
Phuket Dining
Phuket Education
Phuket Entertainment
Phuket Environment
Phuket Health
Phuket People
Phuket Technology
Phuket Travel
Photo Galleries
COLOURING BOOK
The Phuket News PHUKET SPORT
Phuket
Thailand
World
SURF REPORT
PREDICTIONS
The Phuket News PHUKET CLASSIFIEDS
Phuket Buy and Sell
Phuket Jobs
Phuket Property
Phuket Cars and Boats
Phuket Community
Phuket Services
SEARCH CLASSIFIEDS
POST CLASSIFIED
The Phuket News The Phuket News PHUKET EVENTS
Phuket Event listings
Phuket Event calendar
Buy Tickets
POST EVENT
The Phuket News PHUKET DIRECTORY
Phuket Bars, pubs and clubs
Phuket Hotels and villas
Phuket Restaurants
Phuket Yellow Pages
POST LISTING
The Phuket News BARGAINS
The Phuket News ABOUT US
The Company
Distribution points
Subscribe
Advertise with us
Pay for advert
Contact us
CONTESTS
Content Google Map
Site map
Australian Visa Services
 
Currency - The Phuket News   Weather Report - The Phuket News   Surf Report - The Phuket News
LinkedIn - The Phuket News   Twitter - The Phuket News   YouTube - The Phuket News   Facebook - The Phuket News
Copyright © 2017 Class Act Media. All rights reserved. | Website usage terms and conditions | Privacy and Confidentiality Statement.