
One likes to think that the world has learned from past mistakes and the response of the West to Putin’s aggression suggests that this is the case. The world is going on without Russia, and we have seen this clearly in the microcosm that is Formula 1.
Valuation is a complex game, but it’s clear that F1 is still cheap compared to other sports. The world’s most valuable sports team is the Dallas Cowboys NFL team, which is valued at $5.5 billion. The most valuable team in f1 remains Ferrari, with a valuation said to be around $1.5 billion.
At the title decider in Abu Dhabi, F1 Race Director Michael Masi was stuck between a rock and a hard place. Masi had to think on his feet, and Joe explains why he did the right thing.
The death of Sir Frank Williams is a sad moment in the Formula 1 world. It’s hard to even begin to try to quantify the impact that Frank Williams had on the Formula 1 team that bears his name – and on the sport itself.
When F1 was taken over by Liberty five years ago, the goal was to expand in America and in Asia. It was a long fight to get a race in Miami, but that will be added to the schedule next year and there were signs in Austin that it won’t be too long before F1 returns to Las Vegas as well.
Last month, I wrote about the way in which Formula 1 is constantly changing and how the sport must continue to adapt and change to do whatever is required to stay successful. One sign of this kind of thinking came with the Netflix F1 documentary series ‘Drive to Survive'...
The thing I love most about Formula 1 – and I love many things – is that it’s ever-changing. Nothing remains the same for very long. In fact, I think the oldest thing in the sport these days, apart from the brands and the circuits, are the journalists – who have been around a long time.
Formula 1 has shown that it can continue to operate all over the world. There are huge opportunities in Asia, although F1 has struggled to understand that business is done differently in Asia.
There have been a few fascinating moves in F1 in recent weeks. The first is the announcement from Ferrari that it has appointed a CEO who is not a racer, nor even a car guy. The second big news was Esteban Ocon signing for Alpine.
It may not be entirely obvious at first sight, but the previous year has been a truly remarkable one for Formula 1. Because not only has F1 led the way in keeping the sport going during the global pandemic but it has also beaten all the previous records in relation to the number of races.
Joe Saward
Joe Saward has been covering Formula 1 full-time since 1988 during which time he has not missed a race. His extensive experience has seen him work at the BBC and with Autosport magazine for whom he served as the International and Grand Prix editor. If there is something afoot in the F1 paddock, chances are Joe knows of it and is on speaking terms with who is saying it.