Formula One names Stefano Domenicali as its new CEO

Stefano Domenicali named F1 CEO
Mirco Lazzari gp/Getty Images
0 Comments

Former Ferarri chief Stefano Domenicali was named the new president and CEO of F1, replacing Chase Carey in January 2021, Liberty Media announced Friday.

Domenicali, 55, will join Formula One from Lamborghini, where he had been CEO and president. He worked on Ferrari’s F1 team for more than 20 years, becoming the team principal in 2008. He left in 2014 and worked at Audi before joining Lamborghini.

Domenicali is the latest former Ferrari executive to take a leadership role in the F1 hierarchy. Ross Brawn, a key player in Michael Schumacher’s championship run, is the F1 managing director for motorsport, and former team principal Jean Todt is FIA president.

HISTORY IN SIGHT: Lewis Hamilton aims to tie Michael Schumacher’s record

“I am thrilled to join the Formula 1 organization, a sport that has always been part of my life,” Domenicali said in a release. “I was born in Imola and live in Monza.  I’ve remained connected to the sport through my work with the Single Seater Commission at the FIA and I look forward to connecting with the teams, promoters, sponsors and many partners in Formula 1 as we continue to drive the business ahead.

“The past six years at Audi and then leading Lamborghini have given me broader perspective and experience that I will bring to Formula 1.”

Carey, who had led F1 since Liberty’s Formula One Group took control of the organization in 2017, will move to the role of non-executive chairman.

“Chase has done a phenomenal job leading F1,” Liberty Media President and CEO Greg Maffei said in a statement. “He assembled a first-class commercial and sporting organization that has a long list of achievements, including broadening the appeal of the sport, growing its digital presence, establishing new technical regulations, securing a cost cap for the first time and reaching a new more equitable Concorde agreement with the teams.  His actions have reinforced F1 as the pinnacle of motorsport.”

Said Carey: “It has been an honor to lead Formula 1, a truly global sport with a storied past over the last seventy years. I’m proud of the team that’s not only navigated through an immensely challenging 2020 but returned with added purpose and determination in the areas of sustainability, diversity and inclusion.  I’m confident that we’ve built the strong foundation for the business to grow over the long term.”

Max Verstappen is PointsBet favorite to score sixth staight in 2022 Singapore Grand Prix

PointsBet 2022 Singapore odds
Mark Thompson / Getty Images
0 Comments

Max Verstappen is the PointsBet Sportsbook odds favorite to win the 2022 Singapore Grand Prix on the Marina Bay Street course to stretch his current win streak to six consecutive. He shows odds of -200 this week.

Formula 1 did not compete in Singapore in 2020 or 2021 due to the COVID-19 pandemic, but Verstappen has podium finishes in his last two attempts on this track. he was second in 2018 and third in 2019. In the first 15 races of this season, he has failed to stand on the podium only twice and has an average finish of 2.73.

With minus odds, the way to determine a payout is by subtraction. In order for a bettor to earn $100, he must wager $200 this week; with that wager, he will get back his initial stake and winnings of $100.

For bettors more comfortable with fractional odds, a bet of +300 is the same as 3/1.

Charles Leclerc is ranked second this week with +400 odds. He has two previous Singapore GP starts to his credit with a best of second in 2019. He is coming off back-to-back podium finishes with a third in the Dutch GP and a second at Monza.

Ranked third is Carlos Sainz, Jr. with a line of +1100. He has top-five finishes in four of his last five starts, but only one of these, a third in the Belgian GP, was on the podium. Sainz is one of four winners other than Verstappen this season. His victory came in the British GP.

Lewis Hamilton shows a line of +1200. His last win came last fall in the Saudi Arabian GP and the Mercedes team has struggled to contend for victory in 2022. They are improving, however, with eight top-fives in the last nine races. Hamilton has two wins in his last three Singapore starts, which came in 2017 and 2018.

Rounding out the top five is Hamilton’s teammate George Russell at +1800. He has not won, but has shown remarkable consistency with top-fives in all but one race. Notably, his only bad finish came in his home GP in England. Russell has one previous start at Marina Bay; he finished last in the 2019 race. He finished fourth in 2019 as part of a four-race streak of top-fives.

The most recent Singapore GP winner from 2019, Sebastian Vettel is a longshot at +50000.

PointsBet is our Official Sports Betting Partner, and we may receive compensation if you place a bet on PointsBet for the first time after clicking our links.

Italian GP Odds
Dutch GP Odds
Belgium GP Odds
French GP Odds
Austrian GP Odds
Canadian GP Odds
Azerbaijan GP Odds
Monaco GP Odds
Spanish GP Odds
Miami GP Odds
Saudi Arabian GP odds
Australian GP odds
Romagna GP Odds