Formula One, also known as the Grand Prix, is the highest class of single-seat and open-seat racing. The Formula One season consists of a series of Grand Prix races that lead to special racetracks designed for this race, rarely racing in normal off-track routes. The results of each Grand Prix of the season gather, and annually two annual awards, one for drivers and the other for automakers. In the Formula One race, motor racing speed may exceed 320 km / h (200 mph).
Europe is the traditional center of this race, and it is its first promoter. However, since 1999, there has been an appearance in Bahrain, China, Malaysia and Turkey, making the game more popular on a global scale. As the most expensive sport, its economic returns are great.
The sport is organized by the Fédération Internationale de l’Automobile (FIA), which is headquartered in Paris, France. The current president of the FIA is John Todd. While the director of the Formula One Administration (FOA) and the promoter (and controller) of this sport is Bernie Ecclestone.