Adam Parr News
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The European Commission should examine terms Formula One has promised top-ranked teams Ferrari and Red Bull to see if the payments are anti-competitive, the former Williams team chairman Adam Parr said.
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Frank Williams has struggled to keep his Formula One team going since 1969. As success eludes it and sponsors abandon the sport, he may have found an elixir: selling racing-car technology.
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The Williams Formula One team is hiring the car designer fired by championship rival McLaren in 2008 for spying as the team tries to get out of last place.
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Formula One boss Bernie Ecclestone ushered team managers into his trailer at the Indianapolis Motor Speedway. Nearby, mechanics tended to an array of million-dollar racing cars.
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Nine-time Formula One champion Williams is seeking to supply London’s buses with energy-saving technology developed for the world’s richest auto racing series.
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Formula One racing teams are considering acquiring a stake in the business, the Independent on Sunday reported, citing Adam Parr, chairman of the Williams team.
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The owner of the Williams Formula One racing team opted for a stock-market listing in Frankfurt instead of the U.K. because of the London Stock Exchange’s “ludicrous” disclosure rules, the Sunday Telegraph reported.
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The Formula One championship will begin in Australia next month after Bahrain called off the season-opening race because of anti-government protests in the Gulf state.
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Spain’s Hispania Formula One team is using a 175-mile-per-hour billboard to drum up sponsors as its cars race through the glitzy streets of Monaco this weekend.
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Williams Grand Prix Holding Plc retreated in Frankfurt after its 60 million-euro ($83 million) initial public offering, the first time a Formula One motor sport team has sold shares to the public.
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