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Formula One: Formula One (Also Known As Formula 1 or F1) Is The Highest Class of

Formula One, also known as F1, is the highest class of single-seater auto racing governed by the FIA. A Formula One season consists of a series of Grand Prix races held on circuits around the world. Drivers and constructors compete for annual World Championships, with points awarded based on race results. Formula One cars are the fastest regulated road-course racing cars owing to high aerodynamic downforce and cornering speeds near 6.5 lateral g's, with top speeds around 230 mph. Financial costs of competing in Formula One are high, with annual budgets for mid-tier teams around $120 million.

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88 views1 page

Formula One: Formula One (Also Known As Formula 1 or F1) Is The Highest Class of

Formula One, also known as F1, is the highest class of single-seater auto racing governed by the FIA. A Formula One season consists of a series of Grand Prix races held on circuits around the world. Drivers and constructors compete for annual World Championships, with points awarded based on race results. Formula One cars are the fastest regulated road-course racing cars owing to high aerodynamic downforce and cornering speeds near 6.5 lateral g's, with top speeds around 230 mph. Financial costs of competing in Formula One are high, with annual budgets for mid-tier teams around $120 million.

Uploaded by

Alia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Formula One

From Wikipedia, the free encyclopedia

Formula One (also known as Formula 1 or F1) is the highest class of single-seater
auto racing sanctioned by the Fédération Internationale de l'Automobile (FIA) and
owned by the Formula One Group. The World Drivers' Championship, which became
the FIA Formula One World Championship in 1981, has been one of the premier
forms of racing around the world since its inaugural season in 1950. The word
"formula" in the name refers to the set of rules to which all participants' cars must
conform.[1] A Formula One season consists of a series of races, known as Grands Prix
(French for ''grand prizes' or 'great prizes''), which take place worldwide on purpose-
built circuits and on public roads.

The results of each race are evaluated using a points system to determine two annual
World Championships: one for drivers, the other for constructors. Drivers must hold
valid Super Licences, the highest class of racing licence issued by the FIA.[2] The
races must run on tracks graded "1" (formerly "A"), the highest grade-rating issued by
the FIA.[2] Most events occur in rural locations on purpose-built tracks, but several
events take place on city streets.

Formula One cars are the fastest regulated road-course racing cars in the world, owing
to very high cornering speeds achieved through the generation of large amounts of
aerodynamic downforce. The cars underwent major changes in 2017,[3] allowing
wider front and rear wings, and wider tyres, resulting in peak cornering forces near
6.5 lateral g and top speeds of up to approximately 370 km/h (230 mph).[4][5] As of
2019 the hybrid engines are limited in performance to a maximum of 15,000 rpm, the
cars are very dependent on electronics and aerodynamics, suspension and tyres.
Traction control and other driving aids have been banned since 2008.[6]

While Europe is the sport's traditional base, the championship operates globally, with
11 of the 21 races in the 2019 season taking place outside Europe. With the annual
cost of running a mid-tier team—designing, building, and maintaining cars, pay,
transport—being US$120 million,[7] its financial and political battles are widely
reported. Its high profile and popularity have created a major merchandising
environment, which has resulted in large investments from sponsors and budgets (in
the hundreds of millions for the constructors). On 23 January 2017 Liberty Media
confirmed the completion of the acquisition of Delta Topco, the company that
controls Formula One, from private-equity firm CVC Capital Partners for
$8 billion.[8][9]

A budget cap is set to be introduced for each Formula One team, starting in the 2021
season, so as to ensure fair competition and sustainable development of the sport. The
amount of the budget cap is set to be $175 million, however due to the COVID-19
pandemic, some have argued the amount should be lowered.[10]

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