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US-based group buys F1 amid hopes of North American growth
In the world of motorsports, there is Formula One and then there is everyone else. Nothing can compete with the glitz and glamour that accompanies F1 and its $10 million machines that breathlessly power through the streets of Monaco, race courses in Shanghai, Sepang and Sochi, make stops in Australia, Austin and Abu Dhabi. Celebrities trot all over the globe to walk the F1 grid, to visit the Ferrari and Mercedes paddocks, to sip espresso with the superstars. The series has rabid fans who wake at all hours to watch races, to wave the flag for their countrymen, to strategize fuel mileage and tyre wear. Despite its popularity, Formula One is barely a blip on the radar in the United States,...
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