Portal:Formula One/Intro

From Wikipedia, the free encyclopedia

Formula One, abbreviated to F1 and also known as Grand Prix racing, is the highest class of single-seat open-wheel formula auto racing. It is a worldwide sport, involving an annual World Drivers Championship, most recently won in 2007 by Kimi Raikkonen, and World Constructors Championship, most recently won in 2007 by Ferrari, and is one of the most expensive sports in the world; annual team budgets average in the hundreds of millions of US dollars. It is based around a series of races — 18 in 2008 — known as grands prix, held on either permanent, custom-constructed road courses or temporary, closed-off public street circuits.

The sport is regulated by the FIA, Fédération Internationale de l'Automobile, and is generally promoted and administered by Bernie Ecclestone, who largely controls the sport's commercial television rights. Read more...