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British racing team Hitech Grand Prix have confirmed their bid to join the F1 grid for the 2026 season after announcing a major new investment deal. Hitech GP, who currently race in F2, F3 and F4, were reported to be one of a number of prospective new entries into Formula 1, alongside the likes of Andretti-Cadillac and Panthera Team Asia. Now, after announcing new investment with its parent company Hitech Global Holdings Limited selling a 25 per cent stake to Kazakh businessman Vladimir Kim, Hitech confirmed they have lodged a bid to the FIA to secure a spot in three years’ time. Hitech, based at Silverstone, stated in a press release that its F1 project was a “move that would complete its single-seater ladder and demonstrate that Hitech has all the right people, experience and resources to compete alongside the best teams in the world.” Kim, whose companies have previously sponsored Kazakh athletes such as champion boxer Gennadiy Golovkin, holds his main interests in the mining, banking and aviation sectors – with Hitech his first involvement in motorsport. “Motorsport has been a long-standing personal interest for me, and I am delighted to be entering into a partnership with an organisation that has enjoyed success in so many categories and has such ambitions for its future,” he said. “We have an established involvement with sport; however, this is our first global investment in motorsport. “Its dynamic appeal, growing exposure, business-to-business marketing opportunities and burgeoning fan base are aligned with my ambitions personally and commercially.” Hitech CEO Oliver Oakes added: “I am delighted to welcome Vladimir Kim to the Hitech group. “During our discussions we found many natural synergies and I know that his support will be invaluable as we seek to build on Hitech’s success and work towards achieving its broader ambitions over the years to come.” Audi are already confirmed to be joining the grid in 2026, taking over from the Sauber works team currently branded as Alfa Romeo, and announced their first test driver last week. Read More Audi name first driver to join F1 team ahead of 2026 season entry Inspired by Schumacher, meet the Hong Kong billionaire targeting a new Formula 1 team Why have Wrexham owners Ryan Reynolds and Rob McElhenney invested in an F1 team? Ryan Reynolds and Rob McElhenney to invest in F1 team ‘There will be crashes’: George Russell sends stark warning to F1 bosses

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An agreement has been reached to extend a deal that allows grain to be exported from Ukrainian ports in the Black Sea, according to Turkish and Ukrainian officials.

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Formula 1 failed to apologise or issue refunds to fans after they witnessed just eight minutes of cars on track before being told to leave on a farcical opening day in Las Vegas. As opposed to a refund, all single-day ticket holders have instead been offered a $200 voucher for the Las Vegas Grand Prix official shop. Those with full weekend, three-day tickets won’t be reimbursed in any way for Thursday night’s lost action. A lengthy statement released on Friday from F1 CEO Stefano Domenicali and Las Vegas Grand Prix CEO Renee Wilm was also notable for the lack of an apology to spectators as well. A section of the statement read: “We have all been to events, like concerts, games and even other Formula 1 races, that have been cancelled because of factors like weather or technical issues. “It happens, and we hope people will understand.” Fans in the grandstands were told to leave at 1:30am local time on Friday morning, one hour before the second practice session took place. The statement also detailed that fans were told to leave due to “concern about our public safety and security officials, transportation employees and hospitality staff.” The drama began on Thursday night when Carlos Sainz ran over a loose drain cover on the strip, forcing the first practice session to be cancelled for safety reasons. Second practice, scheduled to start at midnight, was continuously delayed before it started at 2:30am. By that point, cars were going around the new 3.8-mile track without any fans present to see it. The statement also read: “The precautionary step of removing all of the water valve covers on the entire track and filling them with sand and asphalt was undertaken. “The entire process, from determination of the issue to remediation, took approximately five hours. The decision to remediate in this way was taken out of an abundance of caution and because the safety of drivers, trackside marshals and officials and our fans is always our highest priority. “We thank the contractors who worked expeditiously to resolve the situation so quickly.” Read More What time is qualifying at the Las Vegas Grand Prix on Saturday? Former F1 champion gets married in Las Vegas Grand Prix paddock F1 enters new Las Vegas dawn with disaster on opening night Watch: Sparks fly as Sainz’s Ferrari hits drain cover on Las Vegas F1 circuit Empty grandstands at Las Vegas GP as chaotic practice session takes place at 3am Carlos Sainz handed ‘ridiculous’ penalty after drain cover crash at Las Vegas GP

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