Formula One plans to bolster its online content as early as June after officials at Ferrari SpA and Williams Grand Prix Holdings Plc’s teams called the racing series’ media strategy outdated.
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.
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.
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.
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.
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.
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.
The Williams Formula One team’s founder is considering selling shares to the public to shore up its long-term future.
"There's a strong case that an unequal division of power and money to a subset of teams is unlawful."
- Adam Parr on Dec 11, 2012