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In 1974, the Formula One Constructors' Association (FOCA) was founded in order to increase commercial organisation of Formula One for the benefit of the racing teams. In 1978, Bernie Ecclestone became the executive of FOCA, and fought the Fédération Internationale du Sport Automobile (FISA) for control of the commercial rights of F1.
Bernard Charles Ecclestone (born 28 October 1930) is a British business magnate, motorsport executive and former racing driver.Widely known in journalism as the "F1 Supremo", [a] Ecclestone founded the Formula One Group in 1987, [b] controlling the commercial rights to Formula One until 2017.
Formula One, commonly abbreviated as F1, is the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one of the world's premier forms of motorsport since its inaugural running in 1950.
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Red Bull Racing, currently competing as Oracle Red Bull Racing and also known simply as Red Bull or RBR, is a Formula One racing team, competing under an Austrian racing licence and based in the United Kingdom. It is one of two Formula One teams owned by conglomerate Red Bull GmbH, the other being RB Formula One Team.
Liberty Media Corp., the American company that owns Formula 1, is adding to its global racing portfolio with the purchase of the MotoGP motorcycle racing series by the end of the year, MotoGP ...
The group was founded by Ron Dennis shortly after his acquisition of the McLaren Formula One team in 1981, as the TAG McLaren Group due to a partnership with Mansour Ojjeh's TAG Group. The Formula One team had been established by New Zealander Bruce McLaren in 1963. McLaren Group was renamed McLaren Technology Group in 2015. In June 2017 it was ...
Formula One, abbreviated to F1, is the highest class of open-wheel racing defined by the Fédération Internationale de l'Automobile (FIA), motorsport's world governing body. [1] The formula in the name alludes to a series of rules established by the FIA to which all participants and vehicles are required to conform.