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Entries in Bernie Ecclestone (145)

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Well the Malaysian GP has been run and won, and I do not know how I feel about it. Vettel and Red Bull could get as boring as Schumacher. You have to admire them, they find a way to win even when the KERS does not work, but I will show my bias when I say it does not thrill me. Pirelli say their tires made for an interesting race, but call me a purist, but I don't find this fun to watch. As Michael said, this is a lottery, and he should know, he seemed more off than on.

The rain stayed away, but teased everyone to add to the lottery, and the DRS did work on occasions, but not always, so not sure about that either. We saw a lot of overtaking at other points around the track, mainly Turn 15, which tells me it is more about the track than messing about with the car. The slow cars seemed to stay out of the way, so well done, and Lotus actually did OK, so maybe we will see them mixing it in the mid-field. Williams had a terrible day, one to forget, while we ponder what would Kubica be doing with that Renault? Very odd steering column failure on the Petrov car, but then he did get very airborne thanks to the hump in the run-off. Not good.

So in all a dissatisfying race for me, but not really sure why. Lewis probably feels the same, and what was Alonso thinking? The pace of the Ferraris in the race was surprising, and Massa seems to have recovered his speed and determination. Mercedes are in trouble.

Bernie is reportedly trying to get the teams to oppose the 2013 engine, and Malaysia is pondering whether to renew after 2015. At least there was a crowd today, it was empty for Friday and Saturday which must be disheartening for the drivers, and the organizers.

Chip Ganassi did not quite sweep Barber, but won the Grand-Am race of course, and finished second and third in the Indycar. Not too shabby.

Hacked!

Well that was fun, not. Web site and blog hacked this morning so late in writing this up.

We keep hearing that the DRS wing is going to make overtaking easy in Malaysia, but it is raining. Even if intermediates are on the car the wing cannot be moved, so it has to be totally dry for us to see if it works better than Oz. With less than twelve hours to first practice there is little to stir the emotions.

It seems the financial writers are no better at working out what is going on with F1 finances than I am. Pit Pass web site points out that the increase in the gross income does not jibe with the extra that should have been generated by the addition of Canada and Korea, so it would seem the race fees went down last year for all, or some. Pit Pass promises to give us the real story soon. There are stories that the teams are going to push for a 75% share of the gross in the next Concorde Agreement due shortly. That will put a dent into an already bad situation for CVC.

Jean Todt is cranking up the rhetoric. My friend Allen Petrich actually may have hit on what he is up to, make the F1 name so devalued that the 100 year rights are not worth having, and the FIA can start another Championship. Jean was talking down the audience numbers today, saying no one is watching because the tracks are boring and racing is bad. Pushing the 1.6 l Turbo down Bernie's throat could also be part of the plot. Does anyone know what GP2 is going to run when that happens? Is GP2 going to stick with the current engines, and will they be more powerful? I see that Renault has come out and said that they are increasing fuel usage due to the need to keep feeding the exhaust driven diffuser, about 10% more per race. That's really green isn't it?

Abu Dhabi is also looking to make changes to the track layout to help overtaking, and make it suitable for MotoGP. That is not going to be easy, but who do they have doing it? Why Mr. Tilke of course. Now, isn't it the definition of stupid to do something the same way twice and expect a different outcome?

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.

Brazil

The final corner onto the straight at Interlagos, home of the Brazilian F1 GP, has always bothered me. The drivers cut across pit entry to get a faster line on basically a blind corner, and then the wall on the exit of the corner is right on the edge of the pavement. We have seen crashes here in F1, but not as many as you would expect, so it was one of those deals that seemed OK even if it looked bad. Well, I should remember my own words, if it looks bad it probably is. A motorcyclist died earlier this year and last weekend there was a fatality in a stock car race, the third fatality on four years, at a time when racing is generally being spared. There are now calls to modify the corner, but the problem is not easy to fix. The track is very close to the boundary of the property on the outside, and there is a steep drop off on the inside. The corner is great and re-profiling it would not be appreciated by the drivers, but nor would dying. Not a simple fix.

Jean Todt is flagging a revisit to the fees CVC, aka Bernie, paid for the hundred year commercial rights to F1. The fight over engines is apparently just an opening salvo, and Jean is giving notice he is standing for re-election. I bet Bernie will be working away behind the scenes to put his own man in there.

I love the fact that the Russina GP track is "well on track." Well the race is three years away so why shouldn't it be? The best bit is the "Final Feasibility Study" is going to the IOC. Last time I looked they did not run F1 races. And wouldn't you do the feasibility study before you signed a contract for millions of dollars to stage an F1 race? Silly me, this is just the study to make sure you can run a Winter Olympics and an F1 race within a few months of each other, not whether it is going to make money. We all know that answer don't we?

Has everyone caught up with what McLaren were trying to do with their trick exhaust before they gave up and copied Red Bull? "The Octopus" was what it was called. Instead of collecting the exhaust into two pipes from eight, it split them up and fed them into areas of the underfloor to provide the perfect exhaust diffuser. It was all a bit too complicated, and like a lot of complicated things in F1, they could not get it to work. Some of the best cars have been the simplest, the FW07 for instance. Don't think they have forgotten it though, so look for a revisit sometime this year.

Rules

Who should make the rules in F1? Bernie thinks the FIA is a joke and "we" and the teams should make the rules and the FIA just act as policemen to enforce them. Well, the last time I looked the motorists do not make the rules, Parliament does, and their employees, the Police, enforce them, just like the FIA. But is this the right way to run this sport? NASCAR does not let the teams make the rules, but perhaps Bernie is looking at the NFL where the teams own the league, make the rules, employ the refs, and basically run things the way they want. Except we now have a lockout because they do not run the players. I imagine "we" is Bernie, a sort of League Commissioner. I can only imagine what we would be watching if Bernie made the rules.

Then there is dear Max who cannot help himself. Talking about the Bahrain GP situation he said;

"Sport must be separated from politics," Mosley insisted. "If that was not so, there would only be major sporting events in half the current amount of countries.

"Moral and political evaluations do not belong in sport," he added.

Then what does Max? Money? What about the athletes oath before an Olympic Games? I suppose what Renault did in Singapore is fair game then if "Moral ...evaluations" do not belong in sport. And where would Bernie and CVC be if the politicians did not use government money to buy and stage the events to promote their own image and agenda?

F1 practice kicks off shortly under expected wet conditions. That would stop us learning much about the tire situation. Are HRT actually going to have a complete car(s), or is Australian customs going to hold up some vital part? Can it make the 107% cut off? Bernie is not there of course, but nor is he in New York it seems. Mr. Walker has been feeding misinformation, but why and on who's behalf?  His own I suspect, I think he is desperate to keep the GP in Melbourne and keep his job. It is a situation that Adelaide found itself in where the GP believes in its own importance and forgets why it is there and the people of the State that they serve.
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