Qatar Eyeing EPL Tottenham Hotspur Levski Sofia: Salaries 75% Of '15 Budget F1 CEO Sued By German Bank For $422M LNR Asks For Bids For Top 14 TV Rights Melbourne Rebels Could Be On The Move Franchise Notes Hopp To Become Majority Owner Of TSG Parma Owner Confirms Takeover Of Club Allianz Arena Increases Capacity To 75K Munich City Council Approves New Arena
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/June 5, 2014/Franchises
Romanian-Backed Forza Rossa Racing Reportedly Approved To Join Formula One Grid
Published June 5, 2014
Forza Rossa Racing has reportedly gained approval from the FIA "to enter F1 as soon as next season," according to FOX SPORTS. Headed by 45-year-old Ion Bazac, Romania’s former health minister, "the team is expected to be run out of Germany" by former Force India and HRT Team Manager Colin Kolles. Although among Bazac’s business interests is a deal to be Romania’s authorized Ferrari importer, "the team is reportedly planning to use Renault power units." If the team joins the F1 grid in '15, it will be the only one to do so, as NASCAR team co-Owner Gene Haas "is looking set to delay his team’s entry to the 2016 season to ensure it is adequately prepared" (FOX SPORTS, 6/4).