Formula One News — June 2002

The British Grand Prix Ball is expected to pull in a host of British celebrities.

According to a study by the London-based marketing company Arksports, the amount of money being spent on sports sponsorships will continue to grow.

The European Grand Prix is like a home race for the Mercedes-Benz crew.

A poll in Argentina has revealed thatCarlos Reutemann is considered to be one of the favorites for the 2003 Presidential election.

Minardi has announced a new sponsorship deal with global hedge fund manager, Quadriga.

Michael Schumacher is helping out the FIA next week at the latest Euro NCAP launch.

There seems to be no stopping Australia's Rob Nguyen.

The British Highways Agency has announced that the Silverstone bypass will open in around two months time.

The schedule for this weekend's European GP at the Nurburgring will be shifted to accommodate fans who wish to watch the World Cup match between Senegal and Turkey which begins at 1:30pm (GMT+2) on Saturday.

David Richards, the boss of British American Racing, has made some interesting comments recently about Jacques Villeneuve.

A very discreet visitor at the Le Mans 24 Hours was Alain Prost, who turned up at the classic French endurance racing event as a guest of Audi.

Arrows Grand Prix International is going to court this week.

DaimlerChrysler's Jurgen Hubbert has taken over as chairman of the GPWC.

Conventional wisdom says that now is not the moment to be floating a company on the stock exchange.

Reports say that despite comments from Ford that the F1 program is safe, the Detroit giant is by no means certain to continue with the Jaguar Racing program.

As expected the Grand Prix World Championship organization has named its deputy chairman as replacement for Paolo Cantarella, who resigned from Fiat a few days ago.

The FIA has informed the team owners that the Concorde Agreement, on which the commercial structure is based, is full of legal loopholes.

It seems that the issue of whether Minardi will get the Prost Grand Prix TV money has taken a new twist after the FIA requested that Formula One Management release the money set aside for Prost Grand Prix.

Mark Webber will be testing a Jaguar at the end of next week and it is not really a surprise given that Fernando Alonso was recently seen in one of the British Racing Green cars.

The Minardi team's future hangs in the balance as Formula 1 bosses decide whether the team should be given the $12m in TV money.

Irish woman driver Sarah Kavanagh was rumored last winter to have been close to having a Formula 1 test drive.

There has been much publicity about comments made by former McLaren driver John Watson that David Coulthard will not be racing for McLaren next year.

The local authorities of Kerpen are believed to be behind the plan to unveil a statue of Michael Schumacher in the town.

We are expecting to hear in the next few hours whether or not Minardi will be saved.