March, 2014 – Kunle Fayiga's Blog

March 2014

Norway Wealth Fund made mistake buying a stake in F1

Norway’s $850 billion sovereign wealth fund made mistakes when it bought shares in Formula One and may try to sell them, its chief executive Yngve Slyngstad said according to a report in business daily Dagens Naeringsliv. Slyngstad said the fund may seek to offload the stake if corruption charges against its boss Bernie Ecclestone are …

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Vettel behind on and off the track

Ferrari’s Fernando Alonso is Formula 1’s most marketable driver with Red Bull’s Sebastian Vettel only 4th despite winning the last 4 world championships, according to a report. The report by global sports marketing research firm Repucom found the Spaniard, a double world champion, enjoyed the greatest worldwide recognition. Britain’s 2008 champion Lewis Hamilton, who drives …

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Honda disgruntled by Ducati switch to open MOTO GP class

Honda says it is “not happy” about the circumstances under which Ducati made its radical switch from being a factory to an Open class entrant in MotoGP. HRC team principal Livio Suppo said that, while he was sympathetic to Ducati’s priorities, its switch undermined what he believes is the fundamental basis for the Open class’s …

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