EDDIE JORDAN has invested $1.5 million into Scottish soccer champions Celtic. The team has qualified, as national champions, for the lucrative European Champions League.
JORDAN GRAND PRIX has put out a press statement saying that all stories about the team signing up Jean Alesi are "purely speculative".
DESPITE Ralf Schumacher's allusions that Juan Pablo Montoya brought about his own German Grand Prix downfall by racing off into the distance in the opening half of the race, Williams Technical Director, Patrick Head, has defended the Colombian's strategy and said that he put no more strain on the car than race winning Ralf himself.
ALAIN PROST has broken the silence over the tug of war believed to be going on between his team and Jordan Grand Prix over the services of Jean Alesi.
IF, as expected, Jean Alesi leaves Prost Grand Prix to become a Jordan driver, Alain Prost will need to find a replacement.
TRADITIONALLY the first drafts of the following year's World Championship calendar begin to circulate in early August and it is expected that F1 boss Bernie Ecclestone will probably give team principals an outline of the calendar when they meet in Hungary in three weeks.
TOYOTA does not really need to raise money for its Formula 1 program.
FORMULA 1 team boss Eddie Jordan is rumored to be planning to invest some of his money in buying a British soccer club.
TOYOTA's decision to go testing during the autumn Formula 1 testing ban continues to cause discontent amongst the other Formula 1 teams.
THE latest rumor from the Formula 1 paddock in Hockenheim is that Jean Alesi will leave Prost Grand Prix in the course of the next few weeks and will replace Heinz-Harald Frentzen at Jordan.
PEDRO PAOLO DINIZ's brother Joao had a lucky escape on Saturday when the helicopter in which he was travelling crashed into the sea off the Brazilian coastline.
JACQUES VILLENEUVE has decided to stay with British American Racing for 2002 - despite his season-opening declaration that only third place in this year's world championship would be acceptable to secure his services - and launched an all-out assault on the team.
THE continuing drama of the Jordan driving squad with Ricardo Zonta currently standing in for the departed Heinz-Harald Frentzen, has seen Zonta admit he doesn't know exactly how long his tenure in the race team will be.
ARROWS has finally announced that the team has signed a deal to use Cosworth V10 engines next season - as we first reported six weeks ago.
MARK BLUNDELL, former F1 driver and Champ Car winner with PacWest is seeking a competitive return to the USA - potentially in the NASCAR Winston Cup.
THE rivalry between Michael and Ralf Schumacher is set to reach its zenith tomorrow in the minds of the 120,000 strong crowd expected to flood into Hockenheim tomorrow for the German grand prix.
THE Goodyear comeback in Formula 1 received a big knock on Saturday when Bridgestone announced that its has renewed its deal with Ferrari until the end of the 2004 season.
BRITISH SKY BROADCASTING, Rupert Murdoch's satellite TV business, says it will pull out of the German pay-TV market if its partner Kirch PayTV does not get better results soon.
THE rescue deal between EM.TV and Kirch may be cancelled by the new management at EM.TV.
GERMANY is still reeling from the sudden shock dismissal of Heinz-Harald Frentzen in the week leading up to his home Grand Prix, with several magazines carrying previews of the weekend's events by the German and an advertising campaign by Jordan's sponsors left a trifle redundant.
ANDY MILLER, the former director of racing at Jaguar Racing, is to return to Formula 3 next season.
EUROPEAN MINARDI will not run the latest modifications to the PS01's aerodynamic package at Hockenheim, the team has revealed.
JORDAN's extraordinary decision to fire Heinz-Harald Frentzen in the week before the Germany Grand Prix has not gone down well with the team's German sponsors Deutsche Bank (and its subsidiaries Danzas and DHL).
KEVIN GARNETT, the $20 million per year star of NBA team the Minnesota Timberwolves, has visited the Maranello factory, home of Ferrari.
BAR-HONDA announced today that current drivers Jacques Villeneuve and Olivier Panis will remain with the team for the 2002 season.
DONINGTON PARK has lost its round of the World Superbike Championship to Silverstone.
THE strongest team so far in the FIA Formula 3000 Championship, Nordic Racing, has secured another novel means of sponsorship - this time through The Bauer Partnership, a financial institution.
HEINZ-HARALD FRENTZEN was fired by the Jordan-Honda team today only two days prior to the start of practice for his home race, the German Grand Prix at Hockenheim.
HEINZ-HARALD FRENTZEN could switch to the Toyota F1 team next season after his summary firing from the Jordan-Honda squad earlier today.
THOMAS HAFFA, the CEO of German media conglomerate EM.TV, has resigned, leaving the future of EM.TV's shares in Formula 1's commercial rights open to question.
MIKA HAKKINEN swapped a V10 Formula 1 car for a V8 touring car, when Mercedes-Benz arranged for him to try one of its all-conquering CLK coupes from the German Touring Car championship (DTM), at the Czech circuit of Brno.
LATER today (Wednesday) there is due to be a press conference in Munich and there is intense speculation in Germany that the announcement will be that Thomas Haffa is selling his 43% share in EM.TV & Merchandising AG to Leo Kirch.
FORMER Jaguar test driver Tomas Scheckter has tested for the European Minardi F3000 team at Spa in case the team's regular driver, Belgian David Saelens, is unfit for duty on the support race bill for this weekend's German Grand Prix.
THE whisper this week is that Jacques Villeneuve may have signed for Toyota.
JOCK CLEAR, Jacques Villeneuve's technical mentor and senior race engineer at British American Racing has launched a scathing attack on his team, suggesting that to drive for his present team in the manner that he did on the way to the 1997 world championship title would be an 'abuse' of his natural talent.
IT seems that Jarno Trulli may well be staying with Jordan for 2002 after all, completing his third season alongside Heinz-Harald Frentzen with the Silverstone-based team.
COCA-COLA has slipped quietly into frontline motor racing this year with the Nordic Racing team in Formula 3000.
ARROWS driver Jos Verstappen has poured cold water on the plans to revive the Dutch Grand Prix at Zandvoort, claiming that in no way is the seaside circuit ready to host a modern Formula 1 event.
ROSS BRAWN visited the Ferrari Festival at Brands Hatch this weekend, joining Sir Jack Brabham and Sir Stirling Moss in a celebration of the marque - as was Michael Schumacher supposed to have done, until defeat at the British Grand Prix and a heavy testing accident at Monza waylaid him.
FORMULA 1 aspirant Gianmaria Bruni spent the British GP weekend meeting F1 team bosses and he followed this up with his first Formula 3 victory at the weekend at Donington Park.
FORMULA 1 promotional supremo Bernie Ecclestone has spoken out in favor of the circuit currently under preparation on the Nagatino floodlands near Moscow.
DARIO FRANCHITTI may not have won many races this year but he is now just three points behind Kenny Brack in the CART Championship.
ALTHOUGH Scuderia Ferrari has denied that it is interested in the services of Felipe Massa as a member of the Formula 1 test team, the Brazilian who is reigning European Formula Renault champion and current leader of the Euro F3000 championship will try out for the equally scarlet and equally historic Alfa Romeo marque as a part of its European Touring Car squad.
THE results of the enquiry into the business affairs of Octagon Motorsports by the British government's Office of Fair Trading is some days away from publication, but already it seems that the American giant is preparing to adjust itself to the most likely criteria to be set.
COSWORTH's plans to lease Tom Walkinshaw's Arrows team F1 engines with the same specification as the factory Jaguar V10s next season will have caused many raised eyebrows from various corners of the Grand Prix paddock.
THE recent months have seen a stream of stories suggesting that Formula 1 will go to Moscow in 2003.
THIS week saw the Prost team running a car at the Michelin testing facility at Ladoux. It is the first time that the facility has been used for F1 since the 1970s when Renault carried out secret tests with its prototype Grand Prix car.
AMONG the many detail changes to the Concorde Agreement currently under discussion in London is the future specification of Formula 1's powerplants - a key issue for the motor manufacturers - to succeed the current 3-liter formula when the current agreement expires in 2007.
FORMER World Champion Nigel Mansell has confirmed that he will chauffeur guests around Donington Park on August 21 in the European Minardi F1x2 two-seater Formula 1 car.
FERRARI technical director Ross Brawn has praised the F1 regulations which have demanded year-on-year improvements in constructional safety without the need to skimp on weight.
THE prodigiously powerful BMW Williams team believes that it has got itself into contention for victory in the series of high speed races that take the 2001 Formula 1 world championship to a close.
JAGUAR RACING sponsor Beck's could be bought by the giant Belgian brewing firm Interbrew but the deal is unlikely to effect the company's F1 sponsorship program, although Interbrew has usually steered clear of F1 in the past.
FORMULA 1 supremo Bernie Ecclestone has praised the new blood in the sport's driving fraternity, and has suggested that the established stars are getting worried.
THE accord under which the commercial affairs of Formula 1 have been managed for the past 20 years began the protracted process of renegotiation in London this week, after the upheaval in ownership of the sport's commercial rights.
THE American National Highway Transport Safety Administration continues to investigate the Firestone tires fitted to the Ford Explorer model in the USA, blamed for the spate of fatal crashes that befell the gigantic 4x4 sports utility vehicle (SUV).
AN increasingly warm day in Italy saw Eddie Irvine set the fastest time at the end of an intriguing four day test.
MICHAEL SCHUMACHER has been at pains to play down the testing accident at Monza on Tuesday that demolished his car and saw him returning to Geneva for a few days of physiotherapy.
THE Agnelli Family has just announced plans to float 35% of the Juventus soccer team on the Milan Stock Exchange and that will inevitably lead to questions as to whether eventually the Agnellis will also agree to float a percentage of shares in Ferrari.
THE modern media in Formula 1 constantly demands stories and so there is a fairly active story-creation industry which has been developed.
MCLAREN boss Ron Dennis has reacted angrily to Toyota's bid to circumvent the post-season testing ban.
AFTER the damp morning session in which Pedro de la Rosa took the top time for Jaguar, it was his team mate Eddie Irvine who got down to a respectable 1m 24.1s to go fastest of the penultimate day's runners at the classic Monza circuit.
MICHAEL SCHUMACHER has been given the all-clear to race in Germany after his sizeable accident in testing at Monza on Tuesday morning, which demolished the front end of his Ferrari.
JEAN TODT has two of the most evocative names in Italian motoring under his command - adding Maserati to Ferrari.
THE quiet three-day test at Valencia ended with Nick Heidfeld getting his Sauber down to a 1m 13.774s, 0.9s better than BAR development driver Patrick Lemarie.
AS the rest of the teams focus on the upcoming German Grand Prix by testing at low-downforce Monza, Sauber has been at Valencia preparing for the more twisty confines of the Hungaroring.
DAVID COULTHARD left Monza without even having managed a lap having contracted a stomach bug, leaving the BMW Williams team to howl round the Italian circuit faster than all comers by a vast margin.
FERRARI has blamed the high speed accident that befell Michael Schumacher yesterday (Tues), on a damaged undertray.
AS the jockeying for position continues within SLEC, Formula 1's rights-holding company, it seems that a novel twist is in the offing courtesy of Thomas Haffa, the boss of struggling German media giant EM.TV.
BRITAIN's Secretary of State for Trade and Industry has decided not to challenge the deal by which EM.TV & Merchandising AG, Kirch Beteiligungs GmbH & Co KG and Speed Investments Limited will acquire a further 25% of SLEC Holdings Ltd., the company which holds the commercial rights for Formula 1 racing.
THERE is a great deal of talk at the moment about the negotiating of a new Concorde Agreement between the car manufacturers, the Formula 1 teams, Bernie Ecclestone and Leo Kirch.
TOYOTA may still be eight months away from their F1 debut, but the Japanese team seems hell-bent on irritating the hell out of its rivals even before it has officially arrived on the Grand Prix grid.
THE second potentially disastrous failure of the three-day Monza test occurred today (Weds), when Jarno Trulli's Jordan suffered a rear wing breakage at the Variante Ascari.
AUSTRALIA's young racing talent James Courtney has turned in an outstanding Formula 1 debut in his first appearance for Jaguar Racing's senior squad in the pre-Hockenheim test at Monza.
DAVID COULTHARD may have seen the last ghost of a chance of catching Michael Schumacher in this year's title race go up in smoke at the British Grand Prix, but he still thought that putting the Ferraris out on a single stop strategy was an underestimation of the McLaren's pace.
THE British Grand Prix came and went and as usual there were problems with traffic. The track has done a lot of work and earthmoving in underway for the construction of the new Silverstone bypass.
BAR chairman Kenneth Clarke has pulled of a remarkable victory in the election for the leadership of the British conservative party.
WITH the Formula 1 teams in Monza preparing for the forthcoming German Grand Prix, reports are coming out that Ferrari is about to announce Felipe Massa its new test driver for 2002.
MICHAEL SCHUMACHER emerged unscathed from his Ferrari F-2001 after the car was launched into a barrel roll at 120mph in testing at Monza today (Tuesday).
JAMES COURTNEY raised eyebrows upon his debut in a Formula 1 car by ending the day faster than either McLaren-Mercedes long standing test driver Darren Manning and Benetton racer Jenson Button.
JAGUAR RACING's Australian Formula 3 star James Courtney will at last test the team's Formula 1 challenger at Monza before the German Grand Prix.
WE hear from Akron, Ohio, that the top management of Goodyear are having second thoughts about re-entering Formula 1 racing because of the cost of securing a deal with a top F1 team.
THOMAS HAFFA, the head of EM.TV is understood to be on the verge of selling his shares in the company he founded.
THE automobile manufacturers involved in Formula 1 appear to have given up with the idea of trying to convince the world that there is the potential for a rival series to the FIA Formula 1 World Championship and at the weekend Jurgen Hubbert, the boss of Mercedes-Benz, appeared at a meeting of F1 team bosses to say that the carmakers want to work with the teams to negotiate a new Concorde Agreement. Hubbert said that his views were shared by all the other manufacturers, even hardline Fiat and Renault.
JEAN-JACQUES HIS, Renault's technical director, has blamed industrial espionage by former members of the Stasi - the former East Germany's Secret Police - as one factor behind the poor showing of the radical new 111-degree V10 engine which powers the current Benetton B201.
KENNETH CLARKE, the chairman of British American Racing and a candidate in the leadership battle for the British Conservative Party, says that he does not expect the British government to come up with any money for the rebuilding of the Silverstone racing circuit.
DAVID RICHARDS, the boss of the Prodrive motorsport engineering company and the head of world rallying, has admitted that he still harbors ambitions in Formula 1.
VOLKSWAGEN AG has announced that it will shut down its giant Wolfsburg factory for three weeks this summer because of a slowdown in demand for its cars.
EUROPEAN MINARDI driver Tarso Marques will not participate in the British Grand Prix at Silverstone after an appeal to the stewards of the race was rejected.
GRAHAM HUTTON, the man who oversaw Morgan Grenfell Private Equity's disastrous moves in Formula 1 has been dumped as chief executive of the company by its parent Deutsche Bank.
DESPITE the fact that his engine deal with Cosworth has been completed for some weeks, Arrows boss Tom Walkinshaw still refuses to confirm that the deal is agreed and the only logical explanation for this is that Tom is busy trying to raise the money for the deal or is trying to find a naming sponsor for the engine so that he can a branded engine.
AS we have been predicting for some months, Bahrain is bidding for a Grand Prix. The country's Minister of Youth and Sport Fawaz al Khalifa has now confirmed the bid after a lengthy feasibility study.
THE Formula 1 engine manufacturers met on Thursday to discuss the future shape of Grand Prix racing.
MIKA HAKKINEN says he is not retiring and says he is discussing terms of a new contract with McLaren for 2002 and beyond.
AMONG the many aerodynamic tweaks being performed by Prost's aerodynamic guru Henri Durand upon the team's recalcitrant Ferrari-engined AP02 chassis was a bizarre new front wing featuring a smaller raised aerofoil above the front wing.
THE Toyota Motorsport Formula 1 team has informed all of its rivals in 2002 that it will not abide by the end of the season testing ban and intends to go on testing through October, November and December - when everyone else is banned from doing development work at race tracks.
MALAYSIA's Alex Yoong impressed the Minardi team in his recent testing and he is expected to test several more times for the team in the course of the next few weeks.
KOREA's biggest car company Hyundai has ambitions to enter Formula 1 racing as part of its dream to become a world class automobile company.
THE Executive Committee of the international karting federation, the CIK-FIA, is proposing that the World Karting Championship be held in conjunction with F1 races.
HONDA is on the verge of shutting down its racing program in North America to allow the company to concentrate on Formula 1.
THE official inquiry into the death of Michele Alboreto at the Lausitzring in April has concluded with the authorities deciding that there are no grounds for any further legal action as there was no evidence of criminal negligence.
THE Asiatech engine company looks to be in trouble with none of the Formula 1 teams showing much interest in using the French-built engines next year - even if they are supplied free of charge.
BENETTON has announced a couple of appointments in recent days and one of them is very significant.
YOU cannot prove that the BMW Formula 1 program is having a vast effect on the company's sales but there is no doubt that the Munich-based car manufacturer is not suffering from its engagement in the sport.
JAGUAR RACING has renewed its sponsorship deal with the Hong Kong and Shanghai Banking Corporation. The new deal runs through 2004 and speculation suggests that it is worth at least $30m a year to Jaguar.
FERRARI president Luca di Montezemolo is continuing the campaign being waged by the automobile manufacturers to try to convince the world that there is the potential for a rival series to the Formula 1 World Championship.
THE announcement that Patrizia Spinelli has left Prost Grand Prix is a further indication that the French team is going through troubled times. Despite the best efforts of Alain Prost and his team, which is led by Joan Villadelprat, no money has yet be found and the team has been forced in recent weeks to cut back on its testing schedules in order to save money.
THE German motoring publication AUTO BILD published a story on Tuesday saying that Mika Hakkinen will retire at the end of the season and that his place will be taken at McLaren by Olivier Panis.
EDDIE IRVINE has told David Coulthard that he is not quick enough to beat Michael Schumacher ahead of next weekend's British Grand Prix at Silverstone.
POSSIBLY, just possibly, Bobby Rahal may come to think that his failure to recruit McLaren technical chief Adrian Newey might turn out to be the best thing that's happened to Britain's newest F1 team.
INSIDE F1's Young Driver of the Year, Patrick Long, enjoyed a superb weekend's racing on the full Brands Hatch Grand Prix circuit to put himself in the thick of the championship battle in Britain's Slick 50 Formula Ford Zetec Championship.
TOM WALKINSHAW has not been having a good year in Formula 1 with his Arrows team but over in the United States things are looking a bit better with the TWR-built Nissan Infiniti engine winning the Ameristar Casino and Hotel 200, the first Indy Racing League event at the new Kansas Speedway.
AS Honda and Toyota both gear up for major assaults on Formula 1, Japan looks to be on the verge of producing a new generation of F1 drivers to follow in the traditions of Satoru Nakajima, Aguri Suzuki, Ukyo Katayama and others.
FRANK WILLIAMS is looking forward to taking his Williams team back to Silverstone - the scene of their first ever victory.
FORMULA ONE's elder statesman Jean Alesi has said he is ready to stay in the series until he is nearly 40 -- and has set himself a two-year target to help his Prost team get to the top.
JENSON BUTTON's problems with the under-performing Benetton team this season were put into perspective as the young Briton struggled to control his car at the Goodwood Festival of Speed on Sunday.
AFTER two weeks of nerves being strained taut as a bow over Tim Henman's roller-coaster ride at Wimbledon, British sports fans will have to spend another week agonizing as another of its heroes,
EDDIE IRVINE has said he has no intention of changing his aggressive driving style for next weekend's British Grand Prix.
SEVEN Formula One teams paraded their cars at the Goodwood Festival of Speed in England on Saturday.
MICHAEL SCHUMACHER has spoken out against his perceived arrogant image and indicated that he has always struggled to adhere himself to the English people.
ALEXANDER YOONG went one step closer to a drive with the Minardi team on Friday as he completed a two-day test for them at the Mugello circuit in Italy.
MCLAREN have struggled throughout the season in qualifying, but at the last Grand Prix, in France, they claimed the second row and team boss Ron Dennis hopes that was the turning point.
COLOMBIAN Juan Pablo Montoya has put a question mark over the Michelin tires on his Williams FW23 as he prepares for the British Grand Prix.
IN the final day of testing at the Italian circuit of Monza on Friday, Sauber's Kimi Raikkonen set fastest time as he developed his experience on the fast circuit.
A large proportion of the spectators attending the British Grand Prix at Silverstone will be shuttled into the circuit by a fleet of over 800 coaches as a "park and ride" scheme has been instigated in a bid to ensure there is no repeat of the congestion which marred last year's race.
BENETTON's Mark Webber claimed the fastest time in the final day's testing at the Circuit de Catalunya in Spain on Friday as he and Mark Gene, with Williams, undertook some wet weather work.
MALAYSIAN Alex Yoong was delighted to finally experience the feeling of Formula One when he made his testing debut for Minardi at the Italian circuit of Mugello on Thursday.
LUCA BADOER was in action for Ferrari in their second day of running at the Fiorano circuit on Thursday.
BRITISH race circuit Donington Park is planning a major facelift to improve facilities and possibly take the British Grand Prix to the Midlands track in the future.
MARK GENE claimed a hat-trick of top times as he continued the Williams team's impressive form to top the times at the Spanish Circuit de Catalunya on Thursday.
AUSTRALIAN Mark Webber has said that he wants a race drive in 2002 despite signing a "multi-year deal" with Renault.
ALEX YOONG will become the first Malaysian to drive in Formula One later today (Thursday) when he tests at Mugello with European Minardi.
BRAZILIAN Ricardo Zonta escaped unhurt after his Jordan crashed out of Thursday's test at Monza at 285 kph.
FERRARI test driver Luca Badoer was in action for the first day of testing at Fiorano on Wednesday as he tested the team's British Grand Prix challenger.
BENETTON driver Giancarlo Fisichella expects team-mate Jenson Button to produce an impressive performance in the British Grand Prix to silence his critics.
MCLAREN will not make a decision on their tire suppliers until later in the season after team boss Ron Dennis admitted keeping an eye on Michelin's performance.
SPANIARD Marc Gene branded his day "positive" after topping the times again in Wednesday's testing at the Circuit de Catalunya.
JAGUAR have calmed fears that Eddie Irvine will miss the British Grand Prix after withdrawing him from their three-day test at Monza on Wednesday.
MCLAREN topped the times in the second day of testing at Monza on Wednesday, but it was test driver Alexander Wurz who outpaced title challenger David Coulthard.
BENETTON have confirmed that Australian Mark Webber will remain as their test driver for 2002, but added that suggestions of a race seat elsewhere are wide of the mark.
FRANK WILLIAMS, boss of Formula One's resurgent Williams team has given up hope of a challenge for this year's championship, but believes the squad is well set for success in 2002.
BENETTON's on-loan star Jenson Button has backed his team's Australian test driver Mark Webber to go all the way into Formula One.
JORDAN's Heinz-Harald Frentzen set fastest time at a rather empty Monza circuit as the keenest of the Formula One teams began post-French Grand Prix testing at the Italian circuit.
COLOMBIAN star Juan Pablo Montoya has admitted he is having difficulty getting to grips with Formula One qualifying sessions in his debut season for Williams.
FLYING Finn Kimi Raikkonen has said that he is looking to maintain the progress of his Sauber team and help the Swiss marque retain their current status in the constructors' championship.
TOYOTA confirmed on Tuesday that they will begin their Formula One adventure backed by Panasonic after securing a five-year sponsorship deal.
AS speculation linked British American Racing star Jacques Villeneuve with McLaren, the Canadian racer has suggested his intentions to remain at his current team for next season.
THE Williams team were hampered by problems during testing at Barcelona on Tuesday, but test driver Marc Gene still topped the times at the hot Spanish track.
FERRARI technical director Ross Brawn remains cautious over Michael Schumacher's chances of landing a fourth world title, despite the German's healthy 31-point lead leaving him 50-1 ON to win the drivers' championship.
DAVID COULTHARD has vowed to put the pressure on Michael Schumacher at the British Grand Prix in 13 days as rumors continue that the Scot has signed a deal which will keep him at McLaren next season.
MCLAREN team insiders are predicting it is 50-50 whether twice world champion Mika Hakkinen retires from racing at the end of what has been a crushingly disappointing season.
JUAN PABLO MONTOYA has denied that there are any comparisons between himself and Briton Jenson Button, the man he replaced in the Williams car this year.
JACQUES VILLENEUVE has admitted that he is considering alternative options should he be forced to leave British American Racing at the end of the season.
BRIDGESTONE have today confirmed they will remain a tire supplier in Formula One indefinitely.