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a little bit about the f1 series
Formula One, abbreviated to F1, is the highest class of open wheeled auto racing defined by the Fédération Internationale de l'Automobile (FIA), motorsport's world governing body. The "formula" in the name refers to a set of rules to which all participants and cars must conform. The F1 world championship season consists of a series of races, known as Grands Prix, held usually on purpose-built circuits, and in a few cases on closed city streets, the most famous of which is the Monaco Grand Prix in Monte Carlo. The results of each race are combined to determine two annual World Championships, one for drivers and one for constructors.
Formula One cars race at high speeds, up to 360 km/h (225 mph) with the engine revving up to 19000 RPMs. The cars are capable of pulling 5g in some corners. The performance of the cars is highly dependent on electronics, aerodynamics, suspension and tyres. The engine and transmission of a modern Formula One car are some of the most highly stressed pieces of machinery on the planet. The formula has seen many evolutions and changes through the history of the sport.
Europe is Formula One's traditional centre; all of the teams are based there and around half the races take place there. In particular the United Kingdom has produced the most Drivers' Champions , and the vast majority of Constructors' Champions . However, the sport's scope has expanded significantly in recent years and Grands Prix are now held all over the world. Events in Europe and the Americas have been dropped in favour of races in Bahrain, China, Malaysia and Turkey, with Singapore having held the first night race in 2008 and India being added to the schedule starting in 2011. Of the eighteen races in 2008, nine are outside Europe.
Formula One is a massive television event, with millions of people watching each race worldwide. As the world's most expensive sport, its economic effect is significant, and its financial and political battles are widely observed. On average about 55 million people all over the world watch Formula One races live. Its high profile and popularity makes it an obvious merchandising environment, which leads to very high investments from sponsors, translating into extremely high budgets for the constructor teams. Several teams have gone bankrupt or been bought out by other companies since 2000. The most recent example of this was the Super Aguri team being denied entry to the Spanish Grand Prix and then folding due to lack of funds after an attempt at gaining sponsorship collapsed.
The sport is regulated by the FIA. Formula One's commercial rights are vested in the Formula One Group.
