formula1
EU sanctions imposed on Formula 1 driver Nikita Mazepin have been quashed by the EU courts in a judgment released today (20 March). In March 2022, Mazepin was barred from entering the EU and had funds frozen in retaliation for Russia’s war in Ukraine. His team, Haas, also promptly canceled his driving contract, as well as its sponsorship deal with Uralkali, a Russian fertiliser company owned by Mazepin’s oligarch father Dmitry. “The association between Mr Nikita Mazepin and his father is in no way established from an economic or capital perspective” by EU legislators, the EU’s General Court sa...
Euronews (English)
The world’s biggest oil company and Formula One (F1) have been accused of greenwashing, in new advertising complaints submitted to UK and Dutch regulators. Saudi Aramco has made “misleading environmental claims” about its fuels, according to complaints submitted by UK campaign groups New Weather Institute and Fossil Free Football, and Reclame Fossielvrij in the Netherlands. The oil company is 95 per cent owned by the Saudi Arabian state, and has an increasingly slick grip on the world of sport. Saudi Arabia's Public Investment Fund (PIF) bought UK football club Newcastle United in 2021, and Ar...
Euronews (English)
One of the biggest events in Formula 1 racing was marred by aggressive, inappropriate and flat-out disgusting fans. On Saturday, fans reportedly were accused of harassment in many different forms at the Austrian Grand Prix. So much so that F1 has publicly come out with a statement condemning the vile acts that took place at the race. According to reports, there were accusations of sexist catcalling, inappropriate touching of female fans, homophobia and racist abuse. Mercedes team principal Toto Wolff called the acts by the fans “brainless” saying, “It’s just people being stupid. I have no othe...
uSports.org
Brazilian racing legend Nelson Piquet formally apologized to British racer Lewis Hamilton for using an epithet that is considered to be a racial slur. The comments were made during an interview with Motorsport Talk‘s Ricardo Oliveira about Hamilton’s incident with Red Bull’s Max Verstappen at the British Grand Prix last year. The interview was in November, however, it was not made public until this past Monday. Piquet is one of the most revered racers in Europe. The 69-year-old won the world championship three times in 1981, 1983 and 1987. He has had a record of derogatory comments in the past...
uSports.org
Monaco takes property pole sitting 1,508% ahead of F1 house price average Q1 2021 hedge fund letters, conferences and more Monaco: The Most Prestigious F1 LocationThis Sunday, Formula 1 heads to perhaps the most iconic track in the racing calendar in Monaco and research by the leading high-net-worth mortgage broker, Enness Global Mortgages, has revealed that it also takes pole position where property values are concerned. The research by Enness shows that on average, property values across the 22 nations to feature in the 2021 F1 race schedule sit at £2,549 per square meter on average. However...
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