Motorsport News

Formula 1 News
This week in motorsport has seen the Formula 1 drivers show their disgust at the increase in the amount they pay for the licence that allows them to race. It would appear the multi millionaire drivers are not happy about the £8700 ($12,100) licence fee that allows them to earn huge sums on the track.
Given the current economic climate I don’t think they will find too many shoulders to cry on over their reluctance to pay a small proportion of their huge earnings to the FIA. Given the current economic climate I don’t think they will find too many shoulders to cry on over their reluctance to pay a small proportion of their huge earnings to the FIA.

Credit Crunch Impact on Motorsport

Following the withdrawal from F1 of the Honda team the news this week of another car manufacturer pulling out of world motorsport has hit the headlines. Mitsubishi have decided to no longer compete in the Dakar rally due to the financial pressures on the manufacturer in the current economic climate.

Indy Car

Indy Car fans can bid for a slot on the starting grid of the 33rd Annual Toyota Pro-Celebrity Race. The event forms part of the 35th Anniversary Toyota Grand Prix of Long Beach held April 16-19.
Bidding starts at $25,000 and ends on February 11 at 5 p.m. (PT). All proceeds will go to the Grand Prix Foundation of Long Beach, a charity that has raised over $2 million to several charitable organizations in the Long Beach Area. The winning bidder will receive a custom made drivers suit and join the rest of the celebrity field for four days of professional driver training. Also Toyota will make a $5000 donation in the winning bidders name to Racing for Kids.