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Entries in Ferrari (141)

News and Old Friends

Had a call from King Kenny last evening, very nice chat about old times and the current state of racing. I'm not really surprised, but he is still more in demand for appearances than the young guys, and he says he gets paid more now just to show up than he used to to race. Ah, the good old days. He says he is selling the ranch because he cannot stand still being quicker at his age than all the young guys who come there to train!

You know my thoughts on the failure of the spectator driven tracks as a business model, well New Jersey just filed for bankruptcy, how long has that taken? Good luck with Mid-Ohio boys. Silverstone reported a profit of 2m pounds on a turnover of around 50m. Richard Phillips the MD said “I think we are probably the only privately-funded grand prix circuit that does make a profit in the world but the UK is quite peculiar because there is a huge motorsport following, there's a lot of industry here." Well it is an achievement to make a profit of any sort, but given the level of investment in the facility, which is continuing with the new pit building which is costing around 28m pounds, that is not much of a return. Good job it is run by a club. Hard to see how the numbers stack up though. They run the British F1 GP and Bernie's fee has to be half that turnover.

HRT showed up in Barcelona with this year's car, well almost. Parts are stuck in customs apparently and it will not run today. Isn't the car made in Spain? Day four of testing is again all over the place. McLaren had an engine let go so Button has not done much running, but what he did was slow, only faster than the Virgin which has improved to being 6 seconds off the pace. Mercedes are showing their legs with Schumacher topping the charts, fastest of the four days thus far, and Rosberg carrying on where he left off in third place.  Ferrari still up there, but Red Bull stooging around today. One thing seems certain, race averages are going to be way off the qualifying times.

Daytona bike week is on but who really cares any more other than some die hards? How do you kill what was a real world class event at one time?

Not Much

Happening that is. Rain at Daytona for the bikes and Sebring where Indycars are supposed to be testing. Barcelona is fine, certainly for Perez and Sauber who top the time sheet today, pretty close to Vettel's time yesterday. Massa is next and then Webber. No McLaren today, and times all over the place again. Lotus still have reliability problems and Williams had gearbox problems. I don't know if you have followed the Williams design this year, but the gearbox is so low the top wishbones are attached the bottom of the rear wing central support. Very novel and provides a huge hole for air to the back wing, but as someone said, you then have to use it.

Mercedes have some new parts and Schumacher is only 1.13 secs off the fast time, and both drivers say they are happier with the car, and Haug says they are not running low fuel. Williams and Ferrari have gone down the Red Bull exhaust road rather than the Renault as they think it is the best solution. Still feeding exhaust gas through the diffuser, but at the rear, not in front of the sidepods. I still have not heard or seen what McLaren have done.

The drivers met with the FIA, presumably Charlie Whiting, last evening to discuss their concerns about the movable wing, so watch for some tweaks to the rules, including not using them in the wet as the  change in downforce is thought to upset the car.

The most impressive thing in testing is the amount of laps Ferrari and Red Bull have put together, over 1000 not counting today, so their reliability is not a problem. Their quick too, not a good start to the season for the others.

CVC and Bernie

There are a couple of interesting articles about CVC, the F1 rights owner, and Bernie, and the sale of the shares. CVC has instigated its own enquiry into the events surrounding the purchase of the shares from BayernLB and the supposed bribe paid to Gribkowsky. At the same time it is reported they are head-hunting a new Chairman for the holding company, Delta Topco. This is a non-executive Chairman, so presumably Bernie is still in control, but it points to a lack of confidence. Bernie may not be able to put a woman in charge if he is not calling the shots.

The other piece is in the Pitpass web site where Der Spiegel has done its own digging and come up with its opinion that the shares were not sold below market value. There was an auction with two other bidders and CVC's offer was the highest, so how could Gribkowsky rig the sale to assist CVC? This is Alice in Wonderland stuff. If Gribkowsky did not get a $50m bribe for this deal, where did the money come from and why? Bernie is going to have a field day with the magazines if this lot is true.

The World Motorsport Council met today and decided to give Bahrain till May to decide if it wanted to reschedule the race. All seems quiet to us, but there is a piece on Pitpass from a private citizen in Bahrain describing the ongoing and escalating demonstrations. It would appear that Libya has taken the spotlight off Bahrain whose news organizations are being prevented from covering the demos.

Other WMSC decisions involved the allotment of extra tires, both for Friday practice as "evaluation" for new Pirelli's, but also additional tires for the race. Does someone have a lack of confidence in how long the Pirelli's are going to last?The WMSC has also asked the "Circuit Design Group" to look at how exisiting tracks can be changed to increase overtaking. About time someone woke up that it's the tracks, stupid. Again Pitpass has a nice editorial piece, especially the last two paras:

http://www.pitpass.com/fes_php/pitpass_news_item.php?fes_art_id=43052

In Barcelona we have the first day of the last F1 test, as well as Arsenal playing in the Champions League. At least with the soccer we will know who wins. Today Webber is doing a lot of laps with the quickest at 1 min 22.5 secs, but most averaging 1 min 29 secs, so we can see how the tires are going to slow things down. Button is the only man anywhere near this time, most are 2-3 seconds off with the Virgin 9 secs off the pace! McLaren had everyone going with a weird nose and front wing which they took off after lunch and said it was just to measure the forces on the front wing. Ferrari had another of those "filming days" yesterday at Barcelona and featured a new exhaust layout, but these are all so tucked away it is hard to see what each team is doing. So nothing changes, thank goodness Melbourne is just under three weeks away and we will finally get real on who is doing what.

Circus

There is a great saying in Australia to describe a stupid situation, "All we need is a tent and elephants and we would have a circus." This is what F1 has been called, and is well on the way to being a real one. More "F1 Figures" have come out in favor of sprinklers. Let's think about this. The reason rain effected races are interesting is usually the unpredictability of it, look at Spa. Now if it becomes "predictable" that Bernie is going to turn the taps on sometime in the race do you not think the geniuses in F1 teams will work out how to make it all "predictable" again?

Good old Luca di Montezemolo has sounded off again about the current F1 rules. Steering wheels like "martians." You have to love him. He gets my vote for being the next Ringmaster of the circus, but he probably has his eyes on a bigger tent.

Not to be outdone Indycar has some ideas of its own to spice up the show. Guest drivers for the last race did not even rate a comment from me, but I have seen what happens when you start distorting races with offers of large amounts of prize money and it is usually a demolition derby. You had better hope the Championship is not being decided at that race with a bunch of ring-ins out there having their own race and "devil take the hindmost." Now we are to split the Texas race into two races for double the fun. We all know people watch the start and the finish, so now they have to tune in twice. But just for real fun let's just pick grid spots out of a hat. Why waste time on qualifying at any races? It would be greener, especially if you used recycled paper.

Very good news on Sir Jackie, we need his common sense around for a while yet.

Desperate

Joe Saward followed up where I left off on Bernie's idea of purposely engineering wet races. Encouraged no doubt by Pirelli coming out in support of the idea Joe has really said it all in today's blog on how desperate F1 is becoming.

Check it out at http://joesaward.wordpress.com/

I said Bernie should retire gracefully but Joe suggests he goes off to Las Vegas instead, but he tried that once didn't he? I really like the Ferrari tank though.

Mid-Ohio has finally been sold to Kim Green and his partner Kevin Savoree. Kim is an Australian who has lived and raced here in the US for a long time, most recently partnering with Michael Andretti in the IRL team and race promotions like St Petersburg until Michael kept the team and Kim took the promotions arm. I wish him luck with it, it is a tough sell making money from spectator races as we just have seen at Jerez.

Times are tough for other promoters too, with Korea severely reducing ticket prices to try and fill seats, and Singapore giving large early purchase discounts. Now the prices we are talking about would make the average NASCAR fan have a heart attack, $200 plus, with the most expensive $400. Korea is offering a 50% discount if you buy your ticket this month. Now they are saying they had 80,000 there last year, so doing the math at say an average of $300 a ticket that is $24m. Now Bernie's fee is north of $30m, probably more like $40m, so how do you make money on that? Halving the price even if it doubles the attendance only gets you back to square one. And Austin is going to make money?

Sad to hear that Aston Martin is not going to debut it's LMP1 car at Sebring this year. With Audi saving their new car for later that means Peugeot should have it all their own way, in theory.

Sorry to hear about Sir Jackie Stewart's health problems and hope he makes a full recovery.

And sorry the blog is late. I had an appointment this morning to go and look at some land for a track. Interesting and has potential, so we will see what sort of deal there is to be done.