Bit of History 70 years ago, the first Grand Prix was held in England and for this occasion, we are writing this blog about formula 1 and what is this sport and if it is considered as a sport or not.Formula One also known as Formula 1 or F1, is the highest class of international single-seater auto racing sanctioned by the “Fédération Internationale de l'Automobile (FIA)” and owned by the Formula One Group. The word "formula" in the name refers to the set of rules to which all participants' cars must conform. A Formula One season consists of a series of races, known as Grands Prix (French for ''grand prizes' or 'great prizes''), which take place worldwide on purpose-built circuits and