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Entries in Fernandes (10)

Another Dose of Bull

Well despite all the suggestions that Red Bull had it wrong with gear selection Vettel won again. There seemed nothing wrong with his top end speed, driving passed Alonso to reclaim first place in a very ballsy move around the outside of the Curva Grande, two wheels on the grass. Alonso and Schumacher did Vettel a huge favor by firstly Alonso jumping past Hamilton and Vettel off the line, and then Lewis falling asleep at the restart after the safety car and letting Michael past. Lewis was probably the only one with the pace to bother Vettel today, but was trapped forever behind a vintage Schumacher who had to be told by Ross Brawn to stop weaving around before Charlie and the FIA did. I know he is fighting for position, but he goes beyond what is reasonable. Always has and gets away with it, whereas other unnamed drivers get called up to the Stewards. 

Lewis showed incredible patience during all this, to his detriment, while Button showed again that he has some grit this year. Mark Webber can't take a trick. You cannot believe his team did not tell him his wing was stuck under the car during the time it took to drive from the first chicane to the Parabolica, and how did he actually make it that far? So a good race which at times made me think the boys had all gone a little bit crazy with some of the moves, especially the first few laps. Luizzi's excursion down the grass was like watching a bowling alley, but he only made a spare. Team mate Riccardo's weekend carried on as it started, the car going into anti-stall at the start and taking 18 minutes to get right before joining the race. Daniel finished by so far back he did not complete enough laps to qualify.

Great to see the fans enjoying the race so much, even if Ferrari did not win. Tracks in America need to look at where they put the winners rostrum so that the fans can see it, and get near it. Too often it is tucked away in a paddock purely for TV and sponsors. Just look at Le Mans and Monza guys and see how it should be done. One of the many things Montezemolo has talked about this weekend is to make sure fans can afford to go to a race, not price it more than an around the world air fare. Of course that comes back to Bernie's promoters fees. Luca also went on again about teams running three cars or selling cars to lower teams so that we don't have the second class citizens running around 4-5 seconds off the pace. A bit like the old days in MotoGP when we had several teams with competitive bikes, and this is after all how Toro Rosso have survived and grown, so maybe not such a bad idea. He is continuing his concern that aerodynamics play too big a part in the cars these days, and how limiting testing forces too much reliance on simulation. As David Coulthard said during the BBC coverage, simulation will get you in the ball park, but you cannot simulate the real thing. That's why we run the race.

Tony Fernandes echoed Eddie Jordan's comments that the three new teams need to lift their game, no more excuses. Sounds like heads will roll at Team Lotus, or is that Caterham, if next year is not better. Having said that he has re-hired Jarno Trulli. What is that saying about doing the same thing over and over and expecting a different result? So the seats are being filled. Red Bull is set, McLaren is unlikely to change even if no one is rushing to sign Button's option, Ferrari are probably set, Massa doing just enough lately, Mercedes have re-signed Rosberg and Michael wants to continue, Force India might replace Sutil with Hulkenburg and keep di Resta, Williams will keep Maldanado and A.N.Other who can bring some money, Sauber are keeping their two. Toro Rosso have new investors/sponsors/owners so look for a Spanish driver there, like Alguersuari, and Ricciardo? HRT also have new owners and will want a Spanish driver, and Luizzi probably has not done enough to stay on, so an opening for two new boys. Virgin will keep Glock and perhaps D'Ambrosio, with Lotus sticking with their two. That leaves Renault, where Petrov will keep his seat and we have to wait to see what Kubica can do.

So maybe three or four seats available. Grosjean seems destined for one of them, and then we have Bianchi, Vergne and some of the other GP2 brigade of hopefulls.

Thankfully Bernie has played down the chances of an Iran F1 GP, there being others in the queue already. Notice he did not say never.

Now some of my readers have suggested that my blog is late because I went back to sleep after the F1 race. Not at all, the second half of the Silverstone 6 hour was live streaming on Audi TV so we watched that. Made for a good morning, and now we have football. Peugeot won comfortably from Audi, but only after one of their cars and one Audi were both delayed early on and fought back through the field, but could not stop a petrol car from coming in third. The petrol cars had a good race between them as predicted, with the result coming down to who needed fuel at the end. The GTE Pro and Am classes both provided great racing, with the Ferraris coming out on top in Pro, and Porsche in the Am. Porsche had a good weekend, but the BMWs failed to live up to their qualifying form, but coming back in the latter half of the race to finish fourth in Pro. Audi pulled off one of their by now expected quick change acts, replacing the rear bodywork, wing, and undertray in just over a minute!    

 

Give Em a Hand!

Mercedes should be applauded for helping out a young man who did not have a hand. In a wonderful piece of PC he is described as having "a lower arm deficiency that means his left arm stops at his wrist." You can read the whole story on ESPNF1, and it is certainly one of the best things F1 has done lately. Thanks to Ross Brawn and the team they have arranged for a new bionic hand to be supplied free as part of a deal for technical cooperation with the manufacturers, Touch Electronics. It seems when Ross started making enquiries both parties realised how much technology they had in common. A nice feel warm story, and again displays the incredible technology in an F1 car that most of us do not see.

I watched the Indycar race from New Hampshire yesterday and I hope a few more did than were at the track. I've seen bigger crowds at an SCCA race at Texas Motor Speedway. Of course the track's General Manager said how pleased he was at the attendance, I bet Bruton Smith wasn't. Dario had the race won until he and Sato managed to run into each other on a restart, and it looked to me like Dario moved down on him, but that was not how he saw it. Rain was a factor, bringing the race time forward to try and beat it, but the boys did not need rain to crash, Conway taking out Rahal at the first corner, and the Castroneves losing it there the next lap. Nice tire wall there made of used race tires! Could barely hold themselves up let alone stop a car, and in the wrong place. Will Power got all hot and bothered at the last restart after being taken out when he had a chance of closing the gap on Dario in the Championship. Lots of talk about the track being too damp to restart it, but in reality only one driver spun and caused the rest of the carnage, all the other drivers managed to keep it straight. Now that's not to say they would not have spun later, but in racing someone has to make a decision and live with it, it is not a democracy. Have the ratings really improved so much that ABC will now carry the races and not Versus, or did they work out the ratings would never improve on Versus?  

Missed the MotoGP race but was fortunate to see a great Moto2 race, just like the 250cc days. I like the Brno track and it has aged well. Great use of the topography. A little repetitive in the corners, but produces some good races, and a lot of spectators. Interesting Honda are saying they will limit bikes for next year in MotoGP, but one has Bradl's name on it already. Northern European market must need a boost, but well deserved. Great news that Gardner Senior and Junior, and Mick Doohan are to ride at Phillip Island this year, nice touch, and Remy is to have the Moto3 bike for 2012 to ride.

No blog would be complete without a reference to Bernie. News today that he is going to sell his shares in QPR soccer team to Tony Fernandes. Good time to sell as they have just been promoted to the Premier League, so sell at the top, it probably will not last. Apparently he cannot get on with the other shareholder, Indian steel magnate Lakshmi Mittal. Now Lakshmi has in the past shown an interest in F1, and it is a shame he does not have a team because then we really could have had a driver "put the pedal to the Mitall."

 

Sad

It is a sad indictment of our sport that one of the main stories is Bernie being willing to sell his shares in QPR, Queens Park Rangers soccer team. QPR have had moments of success, but have always been the bridesmaid to other London teams like Tottenham and Arsenal, and lately Chelsea. As always Bernie will make money on the deal.

Joe Saward poses the interesting question about Bernie having been the subject of extortion by Gribkowsky. This is the latest version of where the $50m, or $40m, whichever the story, came from. Bernie has been cooperating with the German Authorities, and if true could get his money back. The question Joe poses is, what did Gribkowsky know about Bernie that made him pay up? As he says, the Authorities may not care, but a journalist somewhere will.

Tony Fernandes confirms the Caterham purchase amid rumors that he will change the name of the F1 Team if he loses the court case, the decision on which we are still waiting to hear. The Caterham has a lineage that goes back to the start of Lotus, beginning life as a barely legal road car you built out of a kit called the Lotus 7. Without any need for a connection to F1, Tony has made a very smart move to bring low cost sports cars and weekend race cars to the far east. Here is a man building the sport and the business for the long haul.

Accountants

The earning figures for Formula One are a big story today, with Bernie and the teams getting a raise in income. But there is something wrong here that I need an accountant to explain. My arithmetic obviously does not work in the world of accounting. The gross revenue for F1 is reported at $1.08 billion. The teams received $658m divided between them, not equally of course. Bernie received $7.9m and the net income is $296m. So $117m seems to be an operating cost. It is then reported that CVC LOST $660m! Now to my mind this means that CVC's costs are $296 + $660m, yes/no? Now CVC is a venture capital group, so apart from some management fees, this must be interest on the debt? Is that possible? No wonder they are looking to sell F1. What am I missing?

Joe Saward has a piece that goes a bit further into illuminating the ever shifting world of F1 management.

http://joesaward.wordpress.com/

Formula One Administration has just transferred the F1 rights to a sister company Formula One World Championship, which is owned by Bernie's holding company SLEC which is in turn held by - well read it, I do not have enough space. Eventually we get to Delta Topco Ltd which has CVC and others as shareholders. You could lose a lot of money going through that lot, which is presumably the point. Other snippets is the sale of Instanbul Park between internal companies, presumably the F1 track the Turkish Gov't couldn't make pay, for $1, yes one dollar, an $11m write off apparently, but then how much did the Gov't write off? What does that say about the value of all those other monuments to ego and foolishness called F1 circuits?

In other news the Brazilian Federation has asked the FIA to look at the Interlagos track. Pedrosa has had successful surgery to unplug an artery trapped under the ironwork put in his shoulder after his accident last year. Let's hope he recovers quickly and is back in form to mix it with Stoner and Lorenzo. Jan Magnusson's son is setting fastest times in F3 testing, and Tony Fernandes is saying the name row is hurting sponsorship. I know how he feels, sponsors do not like uncertainty, especially over the person selling them something really has the right to it. I had exactly that problem with Eastern Creek when the owners were trying to sell sponsorship for the MotoGP that I was promoting. By the time that was sorted the time left for sponsors to exploit their investment was so short the value was greatly reduced.

Rain is forecast in Malaysia for the F1 race, fancy that, and in the monsoon season too. So, no movable wing and no more answers as to how it will improve overtaking, but there will probably be enough in the wet anyway.

Kimi had his first taste of NASCAR truck racing at a half mile oval and apparently did well. It was behind closed doors, so no real information is available, but it does not sound as if he stuck it in the wall.There are reports he is paying $100,000 a race for the ride, but I'm sure a sponsor will be all over that.

Screwed

Tony Fernandes says he built his Lotus Team from one screw. Well he should be happy, Dany Bahar just provided the second one. Nothing I have read makes me like Dany, so let's hope the judge sorts this out the right way.

The other Lotus say they have five weeks to sort out a replacement for Kubica. Well the Jerez test starts tomorrow with only one more opportunity for a new driver to get up to speed in the car at the Barcelona test one week later. Let me know how this works out for you. Some people are just working out what I said two days ago, Kimi is not contracted to anyone as he is running his own rally team, renting the car from Citroen.

Nice to see Nissan back in Le Mans as an engine supplier to the Signature LMP2 team. We are seeing some new manufacturers coming in which is good as long as they do  not all bail out when they have had enough as past history has shown.

Aside from these tidbits there is little news, but let's look forward to Jerez and a lot of new cars.