Wyc Grousbeck, Bob Higgins, Mark Wan

Boston Celtics owners provide financial jolt to Formula E


The all-electric FIA Formula E Championship has received a $21 million investment from Boston Celtics managing partner Wyc Grousbeck (pictured, left) and a dozen of his co-owners in the legendary NBA team according to the Associated Press.

The AP reports that Formula E is the first investment for Grousbeck’s Causeway Media Partners, a recently-formed company that has raised about $100 million to invest in sports and entertainment properties.

Mark Wan (pictured, right), a co-owner of both the Celtics and the NFL’s San Francisco 49ers, and Bob Higgins (pictured, center) are managing partners at Causeway alongside Grousbeck, who led the group that bought the Celtics in 2002 and guided the franchise to its 17th NBA title in 2008.

“We know the power of competition and entertainment, and will bring our knowledge to the development of the market for electric vehicles,” Grousbeck said to the AP.

“Causeway’s mission is to find investment opportunities that benefit from our deep network of NBA and NFL team owners, media executives and professional investors. Formula E is a perfect match.”

The investment marks yet another link to the United States for Formula E, which will stage two American rounds in 2014-2015 at Los Angeles and Miami. Additionally, a pair of U.S.-based teams, Andretti Autosport and Dragon Racing, will be part of the group of squads vying for the inaugural series title.

Alejandro Agag, CEO of Formula E Holdings, has always maintained that the U.S. represents a critical market, and in an e-mail to the AP, he said that Causeway’s involvement will help raise the series’ profile here at home.

“To have a partner that knows deeply the U.S. sports market places us in a unique position to develop our championship in the Americas,” Agag said.

In addition to his company’s investment, Grousbeck will also serve on the board of Formula E Holdings.

Alternative engine solution rejected by F1 Commission

Nico Rosberg
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Plans to introduce a new alternative, cheaper engine into Formula 1 for 2017 – hypothetically a 2.2-liter V6 similar to what is seen in IndyCar – will at least temporarily go on the backburner.

The F1 Commission has rejected the so called “alternative engine solution,” where several companies submitted proposals to be that alternative supplier.

“The F1 Commission voted not to pursue this option at this stage — however, it may be reassessed after the Power Unit manufacturers have presented their proposal to the Strategy Group,” the FIA said on Wednesday.

“The parties involved have agreed on a course to address several key areas relating to Power Unit supply in Formula One,” the statement added.

Meanwhile the statement outlined four things the current manufacturers – Mercedes, Ferrari, Renault and Honda – would be tasked with improving on the current 1.6-liter formula:

Those are:

  • a guarantee of supply to teams
  • the need to reduce the engines’ cost
  • simplification of the specification
  • “improved noise”

Further meetings between the manufacturers and the governing body are scheduled, including one this weekend at the Abu Dhabi Grand Prix season finale.

As F1 heads into the final weekend of the season, political/paddock items such as Red Bull and Toro Rosso’s respective power unit futures, whether Renault’s takeover of Lotus will finally become official and what will happen with Manor’s team leadership stake – this marks Graeme Lowdon and John Booth’s final weekends although ex-McLaren man Dave Ryan has been hired as the team’s new racing director – are among the talking points.

Stoffel Vandoorne’s Super Formula test hampered by engine woes

Jenson Button, Fernando Alonso, Stoffel Vandoorne
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You couldn’t make this stuff up.

Dominant GP2 Series champion Stoffel Vandoorne had his first go in a Super Formula car at Suzuka on Wednesday, but the engine woes that have hampered his Formula 1 team’s efforts (McLaren) all season appear to be equal opportunity woes.

Vandoorne only completed a limited day of running due to technical issues; naturally, and in an unfortunate coincidence, the Super Formula cars also have Honda power.

The Belgian is now en route from Japan to Abu Dhabi, where this weekend’s final round of the GP2 season will be held alongside the Abu Dhabi Grand Prix.

FIA Formula E to remain at Battersea Park following vote

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Wandsworth Council’s Community Services Overview and Scrutiny Committee voted seven to four late Tuesday night, in favor of retaining the FIA Formula E event in Battersea Park.

This will see the London ePrix – the season finale for the electric open-wheel championship – continue at the site for at least the next two seasons.

The 2016 race will run July 2-3, to avoid a direct head-to-head clash with the British Grand Prix a week later in Silverstone.

Battersea Park’s race faced local opposition in recent weeks, which put the race under threat.

Here are your Abu Dhabi GP TV Times on NBCSN, CNBC, Live Extra

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It’s the final Grand Prix of the year, the Abu Dhabi Grand Prix from the Yas Marina Circuit.

Here’s the TV times and game plan for the weekend across NBCSN, CNBC and NBC Sports Live Extra:

NBC Sports Group presents the season finale of the 2015 Formula One season this weekend with live coverage of the Abu Dhabi Grand Prix – F1’s only twilight race – from Yas Marina Circuit this Sunday at 7:30 a.m. ET on NBCSN.

NBC Sports Group is on pace to deliver its most-watched Formula One season to date, with just Sunday’s season finale in Abu Dhabi remaining on the schedule. Through 18 races, NBC Sports Group’s F1 coverage has averaged 533,000 viewers, up 17% vs. the same point of the 2014 F1 season. Last week, NBCSN delivered the most-watched live cable telecast of the Brazilian Grand Prix since 2010, averaging 493,000 viewers.

Lead F1 announcer Leigh Diffey will call the Abu Dhabi Grand Prix, and will be joined by veteran analyst and former racecar driver David Hobbs, and analyst and former race mechanic for the Benetton F1 team Steve Matchett. F1 insider Will Buxton will serve as the team’s on-site reporter from Yas Marina Circuit in Abu Dhabi in the United Arab Emirates.

Nico Rosberg (Mercedes) is looking to close out the 2015 campaign with a third consecutive victory, following wins in Mexico and Brazil. Rosberg has also earned the pole position in five consecutive races. Mercedes teammate Lewis Hamilton clinched his second consecutive Drivers’ Championship with a victory at the United States Grand Prix in October. Ferrari’s Sebastian Vettel has won the race in Abu Dhabi three times (2009, 2010 & 2013), followed by Hamilton’s two victories (2011 & 2014). The Abu Dhabi Grand Prix debuted in 2009 and holds the distinction as F1’s only twilight race, beginning in the sun of the afternoon and concluding after dusk under the lights.

Coverage of this weekend’s season finale in Abu Dhabi begins Friday at 4 a.m. ET on NBC Sports Live Extra with Practice 1, followed by NBCSN’s live coverage of Practice 2 at 8 a.m. ET. Live Extra will carry Practice 3 on Saturday at 5 a.m. ET, and CNBC will present live qualifying on Saturday at 8 a.m. ET.

NBCSN’s race day coverage begins Sunday at 7 a.m. ET with F1 Countdown, followed by NBCSN’s live presentation of the Abu Dhabi Grand Prix at 7:30 a.m. ET. F1 Extra will provide post-race analysis at 10 a.m. ET, and NBCSN will air an encore presentation of the Abu Dhabi Grand Prix on Sunday at 4:30 p.m. ET. NBCSN will also air coverage of the GP2 race in Abu Dhabion Sunday at 10 p.m. ET, with Alex Jacques calling the action.

Motorsports Coverage This Week on NBCSN, CNBC & NBC Sports Live Extra (subject to change):

Date Program Time (ET) Network
Fri., November 27 F1 Abu Dhabi Grand Prix – Practice 1 4 a.m. Live Extra
Off The Grid – Talladega (Encore) 7 a.m. NBCSN
Off The Grid – Austin (Encore) 7:30 a.m. NBCSN
F1 Abu Dhabi Grand Prix – Practice 2 8 a.m. NBCSN
“1” – F1 Documentary 9:30 a.m. NBCSN
Sat., November 28 F1 Abu Dhabi Grand Prix – Practice 2 (Encore) 1:30 a.m. NBCSN
F1 Abu Dhabi Grand Prix – Practice 3 5 a.m. Live Extra
F1 Abu Dhabi Grand Prix – Qualifying 8 a.m. CNBC
F1 Abu Dhabi Grand Prix – Qualifying (Encore) 12:30 p.m. NBCSN
Sun., November 29 F1 Countdown 7 a.m. NBCSN
F1 Abu Dhabi Grand Prix 7:30 a.m. NBCSN
F1 Extra 10 a.m. NBCSN
F1 Abu Dhabi Grand Prix (Encore) 4:30 p.m. NBCSN
GP2 – Abu Dhabi 10 p.m. NBCSN