Understanding Formula One

‘the ultimate test of man and machine - pushing car and driver to their absolute limits in pursuit of one simple goal. Speed.’

Established and running its inaugural season back in 1950, it’s a category involving single-seater cars that battle on track and separate themselves by thousandths of a second, featuring temas backed by millionaire corporations, with massive amounts of money involved and the brightest engineers to optimize the best technology available.

The genre is distinguished within motor racing, and the show extends to fill venues from all continents while consistently developing technologies further applied for public purposes, such as can be seen with KERS in prototype road cars, as the Volvo S60.

Ownership

F1 is owned by the Formula One Group, a group of companies responsible for the ‘FIA Formula One World Championship’ and it’s respective commercial rights. Delta Topco, CVC Capital Partners, Waddell & Reed, and LBI Group ultimately from the FOG, with remaining ownership split between CEO Bernie Ecclestone and other investors and directors.

Operation

The yearly championship is sanctioned by the FIA, and it requires drivers, constructor teams, track officials, organisers, and circuits to hold valid Super Licenses, the highest class of a racing license issued.

Global impact

The global franchise interest some 515 million TV viewers, with an ever-growing audience all around the world.