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Organisation of commerical operations of Formula One
Formula One Administration Ltd. or FOA is a company which holds the commercial rights to Formula One . These rights are granted to FOA by the FIA under the terms of the Concorde Agreement and are managed by Formula One Management Ltd . Main Article: History of Formula One See List of Formula One Grands Prix for results from past seasons and individual races. ...
The Fédération Internationale de lAutomobile, commonly referred to as the FIA, is a non-profit association established in 1904 to represent the interest of motoring organisations and motor car users. ...
The Concorde Agreement is a contract which dictates the terms by which the ten Formula One teams compete in Formula One grands prix and take their share of the television revenues and prize money. ...
Formula One Management, or FOM, is a corporate entity dealing with media relations and financial matters regarding Formula One. ...
Formula One Holdings and ultimately SLEC Holdings , (see table).
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Formula One Administration - Wikipedia, the free encyclopedia (137 words)
Formula One Administration Ltd. or FOA is a company which holds the commercial rights to Formula One. These rights are granted to FOA by the FIA under the terms of the Concorde Agreement and are managed by Formula One Management Ltd. FOA is a subsidiary of Formula One Holdings and ultimately Alpha Prema.
Online Encyclopedia and Dictionary - Formula One (3772 words)
Formula One, abbreviated to F1 and also known as Grand Prix racing, is a form of formula racing and the highest class of single-seat open-wheel auto racing. Non-championship Formula One races were held for many years, but due to rising costs and sinking interest, the last of these ended in the early 1980s. Formula One teams must build the chassis in which they compete, and consequently the terms "team" and "constructor" are interchangeable; this requirement distinguishes the sport from "spec series" such as IRL and NASCAR.
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