Posted on May 16, 2012

Peter Sauber has put the first stage of his succession plan in place by transferring one third of the shares in his Formula 1 team to CEO Monisha Kaltenborn, citing the desire to retain “continuity” for the Hinwil outfit into the long term. Indian-born Kaltenborn has been with the Hinwil-based outfit for over a decade having initially joined to head up its legal department but has was given a front-line chief role by Sauber when the veteran retook control of his eponymous team at the end of 2009 following BMW’s sudden pull-out, becoming Formula 1’s first female chief executive. Sauber More…

Posted on March 9, 2012

There are some interesting things going on behind the scenes in F1 at the moment which could have a significant bearing on the ownership of the sport in the future. It has been revealed that 15% of the shares in F1′s holding company will soon come up for sale. At the same time the media regulator in the UK has said that it is ramping up its probe into whether NewsCorp and James Murdoch pass the “fit and proper person” test for controlling BSKYB, which now has the UK F1 TV rights. Mr Murdoch is still chairman of BSKYB. According More…

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