Unfortunately there simply is no polite way of stating this, but the overall implication of the end-2012 financial results lodged by the Formula 1 division of CVC Capital Partners, the investment fund which acquired a majority holding of the sport's commercial rights via a mix of invested capital and leveraged loans back in 2006, borders on the scandalous.
In fact, so blatant is CVC's exploitation of F1 and, by extension, the unbridled passion of the sport's fans, by the entity that acquired the rights purely for short-term gain - as is the wont of such funds - that in the scandal stakes it arguably ranks right up there with the original sale of the sport's commercial rights by the FIA's previous administration for over a century for less than three per cent of their intrinsic value.
Mercedes led the way in practice for Formula 1’s first race in Jeddah, where Red Bull was off the pace on both single-lap and long runs. But, if Max Verstappen can reverse the results on Saturday, factors familiar in motorsport’s main electric single-seater category could be decisive in another close battle with Lewis Hamilton
Earning praise from rivals has been a welcome sign that Lando Norris is becoming established among Formula 1's elite. But the McLaren driver is confident that his team's upward curve can put him in the mix to contend for titles in the future, when he's hoping the compliments will be replaced by being deemed an equal adversary
After a disastrous 2020 in which it slumped to sixth in the F1 constructors' standings, Ferrari has rebounded strongly and is on course to finish third - despite regulations that forced it to carryover much of its forgettable SF1000 machine. Yet while it can be pleased with its improvement, there are still steps it must make if 2022 is to yield a return to winning ways
OPINION: The pressure is firmly on Red Bull and Mercedes as Formula 1 2021 embarks on its final double-header. How the respective teams deal with that will be a crucial factor in deciding the outcome of the drivers' and constructors' championships, as Autosport's technical consultant and ex-McLaren F1 engineer explains
Humble yet blisteringly quick, Charles Leclerc is the driver Ferrari sees as its next world champion, and a rightful heir to the greats of Ferrari’s past – even though, by the team’s own admission, he’s not the finished article yet. Here's why it is confident that the 24-year-old can be the man to end a drought stretching back to 2008
He’s had a hand in world championship-winning Formula 1 cars for Benetton, Renault and Mercedes, and was also a cog in the Schumacher-Ferrari axis. Having recently ‘moved upstairs’ as Mercedes chief technical officer, James Allison tells STUART CODLING about his career path and why being axed by Benetton was one of the best things that ever happened to him
It’s easy to look at Robert Kubica’s second Formula 1 career and feel a sense of sadness that he didn’t reach the heights for which he seemed destined. But as BEN ANDERSON discovered, performance and results are almost meaningless in this context – something more fundamental and incredible happened…
India ready to crown king Vettel
Indian GP: Sebastian Vettel on top in first practice session