Articles

Formula One

The following articles have been tagged under Formula One.

2nd August 2010

 

McLaren accelerates into debt to build new "super-car" factory

The McLaren Group, owner of the eponymous Formula One team, has taken on debt to fund its new factory where its new "super car" will be built. With a loan of more than £40m from HSBC McLaren is planning on setting up a new factory on its site in Woking, Surrey, which will employ 300 people. Production of the new MP4-12C is expected to begin next spring with plans to buld 1,000 in the...

 

17th December 2009

 

Sir Richard Branson re-enters the race!

Sir Richard Branson rebrands Manor GP as Virgin Racing for new Formula One seasonSir Richard Branson has increased his presence in Formula One with the launch of the Virgin Racing team.The billionaire has confirmed that Manor GP, one of four new teams on the grid next year, will be rebranded as Virgin Racing and plans to operate on less than £40million, a very small budget in comparison...

 

10th December 2008

 

Hamilton takes Pole Position on Rich List 2009

Motorsport has a new megastar in the shape of Lewis Hamilton. He is now Britain's highest paid sportsperson ahead of the footballer David Beckham who plays for the Los-Angeles Galaxy football franchise. Right now, Beckham is reportedly earning about 16 million pounds a year through endorsements and playing for US football team LA Galaxy.Lewis is earning £75 million as a basic salary from...

 

Recent News

Roman Abramovich gives his teenage daughter a £4m 'starter home'

According to reports, Roman Abramovich has given his teenage daughter Anna a relatively modest £4million mews cottage in Belgravia. The 19-year-old is moving into the three-bedroom cottage after splitting from solicitor fiancé Nikolai Lazarev. The cottage is the former home of the family's nannies and is co-owned by Roman and his ex-wife Irina, whom he divorced in 2007. Anna, who...

UK ticketholder wins record £161 million on Euromillions

With odds of 116 million to one the lucky ticket holder, who has not been identified, will now become the 430th richest person in the country if they are not a member of a syndicate. A spokeswoman for Camelot said: "This is amazing news – we are absolutely delighted that a UK ticket holder has scooped the entire €185 million jackpot, which at the current exchange rate is a massive...