tagged Bahrain, Barcelona, Bernie Ecclestone, Button, CVC, Der Spiegel, F1, FIA, Ferrari, Gribkowsky, Mark Webber, McLaren, Melbourne, Pirelli, Pitpass, Red Bull, Virgin
Entries in Gribkowsky (17)
CVC and Bernie
Tuesday, March 8, 2011 at 10:56AM
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.
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.
Age and Fitness
Monday, January 24, 2011 at 10:37AM
Now this has nothing to do with motor racing, not directly anyway,but an item on AOL news struck my fancy. Fitness pioneer Jack LaLanne passed away at the ripe old age of 96. Great you think. Well from what I've seen here in the US Jack failed miserably. And on a personal note, my Father never worked out a day in his life apart from the odd game of tennis, smoked until he was 55, drank and put more salt on his food than anyone I have seen, and died at 97. So, all you fitness fanatics, relax. It's all in the genes it seems.
So, talking of active old men, the Bernie bribery scandal will not go away, not that I expected it to. I think someone is out to nail Bernie in this. Stern, the German news magazine that just loves this stuff, says it has a letter that shows Bernie paid the bribe. I don't think it does. It is supposedly a letter from a lawyer on behalf of Gribkowsky asking for the balance of the money, $2.3m. That is a bit different to a check stub from Bernie's bank, and who are the sources that said Bernie was outraged at receiving the letter? All the people close enough to Bernie to know that have been with him forever because they are loyal and keep their mouth shut. And maybe Bernie was outraged because he never paid the bribe in the first place? Stern are going to keep digging and it seems in this day and age almost anything is discoverable. The question remains, if they can prove he did it, what then? Do the German authorities act? Is the original deal reversible? Would Bernie go to jail? This has the potential of shaking the current F1 foundations. Or is it another "Hitler's Diary?" Wasn't Stern involved in that little fraud?
Just after the Korean GP boss is let go the Indian GP boss, Mark Hughes, has left "for personal reasons." Always a nice euphemism that. Meanwhile the Australian GP boss, Ron Walker has hit back at the Mayor of Melbourne saying that the GP is a "huge profit" for the city and the State. Unfortunately for Ron the State Premier is suggesting he would not mind if they did not have to pay quite so much for all this "profit."
The "will the real Lotus please stand up" court case started today, so much for settling it out of court. It is only a preliminary hearing so this farce seems likely to drag on all year.
All of Audi's drivers from last years 1-2-3 finish at Le Mans have re-signed for 2011, and why wouldn't they after that performance?
Only three days to the start of practice for the Rolex, and a week till F1 testing kicks off. It's nearly over.
So, talking of active old men, the Bernie bribery scandal will not go away, not that I expected it to. I think someone is out to nail Bernie in this. Stern, the German news magazine that just loves this stuff, says it has a letter that shows Bernie paid the bribe. I don't think it does. It is supposedly a letter from a lawyer on behalf of Gribkowsky asking for the balance of the money, $2.3m. That is a bit different to a check stub from Bernie's bank, and who are the sources that said Bernie was outraged at receiving the letter? All the people close enough to Bernie to know that have been with him forever because they are loyal and keep their mouth shut. And maybe Bernie was outraged because he never paid the bribe in the first place? Stern are going to keep digging and it seems in this day and age almost anything is discoverable. The question remains, if they can prove he did it, what then? Do the German authorities act? Is the original deal reversible? Would Bernie go to jail? This has the potential of shaking the current F1 foundations. Or is it another "Hitler's Diary?" Wasn't Stern involved in that little fraud?
Just after the Korean GP boss is let go the Indian GP boss, Mark Hughes, has left "for personal reasons." Always a nice euphemism that. Meanwhile the Australian GP boss, Ron Walker has hit back at the Mayor of Melbourne saying that the GP is a "huge profit" for the city and the State. Unfortunately for Ron the State Premier is suggesting he would not mind if they did not have to pay quite so much for all this "profit."
The "will the real Lotus please stand up" court case started today, so much for settling it out of court. It is only a preliminary hearing so this farce seems likely to drag on all year.
All of Audi's drivers from last years 1-2-3 finish at Le Mans have re-signed for 2011, and why wouldn't they after that performance?
Only three days to the start of practice for the Rolex, and a week till F1 testing kicks off. It's nearly over.
tagged Audi, Bernie Ecclestone, F1, Fitness, Gribkowsky, Indian GP, Korea, Lotus, Mark Hughes, Melbourne, Ron Walker, Stern
Hero to Zero?
Friday, January 14, 2011 at 10:55AM
One month you win the FI Promoters Trophy and the next your Company fires you. That's Mr Chung's "reward" for staging such a great event apparently. Most of us could not work out why he got it, and neither can KAVO, the ones putting up the money. "Investors felt that KAVO Management under Mr. Chung could not guarantee success this year." So who did they appoint in his place, the ex-ambassador to Switzerland. An obvious choice.
I've actually been there. In Adelaide we won the same trophy, for what it is worth now, and after the second year I was "let go." It seems the Board thought I spent too much, but my successor is quoted in the next year's program that when there is a problem you just throw money at it to get it fixed. When you are staging a race to promote a State or Country and it starts at 2 pm on Sunday you do what it takes to make it happen. Not suggesting this is what Mr. Chung did, he barely staggered over the start line. In truth he is the scapegoat for false illusions. If KAVO thinks its going to make money on an F1 race then they need to fire the guy who did the feasibility, and as Chris Pook told me, "If Bernie thinks your making money he will put the price up."
There is a very interesting post about England's anti-bribery laws about to come into effect. It seems it casts a pretty wide net over what is considered bribery, and could include corporate entertainment and tickets. So the British based GP teams are concerned that sponsors are going to think twice about handing over loads of cash in future. Australia brought in a tax on entertainment back in the late eighties, which covered company cars and meals etc., but the employer paid it, not the recipient. Could not upset the union members with their perks. Not sure if that is still in play, I cannot see a Government giving up a tax, but it did increase the cost of taking corporate boxes for example, as you had to pay a tax on it instead of it being a tax deduction. All very topical with the Gribkowsky bribery scandal going on.
A line in the quote from Mercedes about the launch of this year's F1 car struck me as odd. "The Brackley based team said its' new single seater." Haven't see a GP car with more than one seat for quite some time.
It appears all our fears about the 2013 engine sounding awful are ill founded. Alonso says he is sure his engineers can make it "sound sexy." This must be a first, engineers trying to increase the noise coming out of a car.
News on the sportscar front has Honda confirming it will race in the LMP1 class while still producing an LMP2 car. It's goal of an outright win at Le Mans by "I can do it without a wind tunnel" Nick Wirth sounds a bit far fetched, but anything that adds to the fight at the front is welcomed. Aston Martin are working to have one of their new for 2011 cars ready for Sebring and David Richards is satisfied that the ACO rule #19 will ensure they can battle the Peugeots and Audis. I will not hold my breath on that one.
I've actually been there. In Adelaide we won the same trophy, for what it is worth now, and after the second year I was "let go." It seems the Board thought I spent too much, but my successor is quoted in the next year's program that when there is a problem you just throw money at it to get it fixed. When you are staging a race to promote a State or Country and it starts at 2 pm on Sunday you do what it takes to make it happen. Not suggesting this is what Mr. Chung did, he barely staggered over the start line. In truth he is the scapegoat for false illusions. If KAVO thinks its going to make money on an F1 race then they need to fire the guy who did the feasibility, and as Chris Pook told me, "If Bernie thinks your making money he will put the price up."
There is a very interesting post about England's anti-bribery laws about to come into effect. It seems it casts a pretty wide net over what is considered bribery, and could include corporate entertainment and tickets. So the British based GP teams are concerned that sponsors are going to think twice about handing over loads of cash in future. Australia brought in a tax on entertainment back in the late eighties, which covered company cars and meals etc., but the employer paid it, not the recipient. Could not upset the union members with their perks. Not sure if that is still in play, I cannot see a Government giving up a tax, but it did increase the cost of taking corporate boxes for example, as you had to pay a tax on it instead of it being a tax deduction. All very topical with the Gribkowsky bribery scandal going on.
A line in the quote from Mercedes about the launch of this year's F1 car struck me as odd. "The Brackley based team said its' new single seater." Haven't see a GP car with more than one seat for quite some time.
It appears all our fears about the 2013 engine sounding awful are ill founded. Alonso says he is sure his engineers can make it "sound sexy." This must be a first, engineers trying to increase the noise coming out of a car.
News on the sportscar front has Honda confirming it will race in the LMP1 class while still producing an LMP2 car. It's goal of an outright win at Le Mans by "I can do it without a wind tunnel" Nick Wirth sounds a bit far fetched, but anything that adds to the fight at the front is welcomed. Aston Martin are working to have one of their new for 2011 cars ready for Sebring and David Richards is satisfied that the ACO rule #19 will ensure they can battle the Peugeots and Audis. I will not hold my breath on that one.
Indycar
Wednesday, January 12, 2011 at 11:07AM
Well it is better than Indy Retirement League. Actually it works well, most people know what an Indycar is in the US, not sure anyone knew what a "Champ Car" was. Indycar has woken up from it's winter slumber with a raft of rule changes which will just make it harder for us to understand what is going on, but of course it is for the fans. Engines are the news as in F1, with efficiency being the watchword. The move from V8's to V6's makes sense as most road cars here are running V6's, but to reduce the capacity from 2.4 to 2.2 liter hardly seems worthwhile. Who makes a 2.2 liter? And did 0.2 liters really make it lighter and more efficient? We are still running E85 even though the case for ethanol being "green" has long since been discredited, but I guess if they get sponsorship from Iowa's corn farmers it makes sense. Oh, and we opened an office in LA, just so we can be closer to the media industry. Just what we need is more Hollywood in our racing. If you have a great product they will come to you, it's about the racing stupid.
Christian Horner is assuring us that Red Bull did not break the Resource Agreement, but FOTA are checking anyway. Domenicali said "that he was sure that all the signatories to the agreement would have respected it, although there are always questions of interpretation to be taken into account." I bet there are. That's the problem. Not that I agree with this BS anyway. No one questions Bernie's resources or how much is spent on the tracks and their viability, so why bother with the teams? If a team has broken the Resource rule it seems the recourse is to take that out of future spending, ouch! But is it only a gentleman's agreement or does it have teeth? That always presumes there are gentlemen involved. Domenicali also commented on how quiet the politics were at the moment, but with the new Concorde Agreement yet to be signed there is the dreaded (or welcomed) breakaway series apparently still hanging around , which is there to get a better deal presumably. Domenicali also questioned whether the movable rear wing is going to be better or not, and as I have said, are the fans going to know who is doing what and why.
It turns out that Kimi is going rallying with his own team, Ice 1 Racing, with a Citroen DS3 and his own sponsors. He has run his own team before in F3, so he is no stranger to doing it.
The Nextgen Auto web site has an article with more on our friendly banker Gribkowsky. "It has emerged that the German magazine Stern in its latest edition on Thursday will link the payments to Gribkowsky with a company called Petara — a word made up from the names of Ecclestone’s daughters Petra and Tamara. It is claimed that Gribkowsky’s company GG Consulting was registered on 22 February 2006, a day after he was made a director of Petara." Now is that a stretch linking Petara to Bernie's daughters names? Watch this space.
Norbert Haug has no sympathy for Red Bull complaining about their Renault engine being down on power and wanting "equalization." F1 is not about equalization he says. Here here.
Christian Horner is assuring us that Red Bull did not break the Resource Agreement, but FOTA are checking anyway. Domenicali said "that he was sure that all the signatories to the agreement would have respected it, although there are always questions of interpretation to be taken into account." I bet there are. That's the problem. Not that I agree with this BS anyway. No one questions Bernie's resources or how much is spent on the tracks and their viability, so why bother with the teams? If a team has broken the Resource rule it seems the recourse is to take that out of future spending, ouch! But is it only a gentleman's agreement or does it have teeth? That always presumes there are gentlemen involved. Domenicali also commented on how quiet the politics were at the moment, but with the new Concorde Agreement yet to be signed there is the dreaded (or welcomed) breakaway series apparently still hanging around , which is there to get a better deal presumably. Domenicali also questioned whether the movable rear wing is going to be better or not, and as I have said, are the fans going to know who is doing what and why.
It turns out that Kimi is going rallying with his own team, Ice 1 Racing, with a Citroen DS3 and his own sponsors. He has run his own team before in F3, so he is no stranger to doing it.
The Nextgen Auto web site has an article with more on our friendly banker Gribkowsky. "It has emerged that the German magazine Stern in its latest edition on Thursday will link the payments to Gribkowsky with a company called Petara — a word made up from the names of Ecclestone’s daughters Petra and Tamara. It is claimed that Gribkowsky’s company GG Consulting was registered on 22 February 2006, a day after he was made a director of Petara." Now is that a stretch linking Petara to Bernie's daughters names? Watch this space.
Norbert Haug has no sympathy for Red Bull complaining about their Renault engine being down on power and wanting "equalization." F1 is not about equalization he says. Here here.
tagged Bernie Ecclestone, Domenicali, F1, FOTA, Ferrari, Gribkowsky, Haug, IRL, Indycar, Raikkonen, Red Bull
Sunday Night F1?
Friday, January 7, 2011 at 11:17AM
Here in the US Monday Night Football was a huge success and has since been followed by Sunday and Thursday night games. Someone worked out that people are at home in prime time, and there is not much else to watch in "prime time." Now Luca di Montezemolo is at it again stirring things up, don't you just love him, by suggesting that 2 pm starts should be moved to 5 pm as "most people are on the beach." In a European summer that would work, and if not there are always lights. Not sure what that does for the Asian races though. Luca probably does not realize that people like myself record the races anyway so we can watch them when it suits us and we can skip through the ads.
Talking of moving times of races, I commented a couple of months ago that the Phillip Island MotoGP was always intended to be run in March/April, it was only the fight over tobacco that moved the race location and date. But of course now the F1 GP has moved from Adelaide to Melbourne, and November to April, so the GP Board, who promotes both races, have a problem. It seems Dorna, after twenty years, have decided the MotoGP needs to be in that time slot, and have threatened that the FIM will not license the track if it is not moved. Don't really see what the date has to do with a track license. I have heard of licensing a track for different levels of competition, never for different times of the year? As I said before, move the F1 race to November and run it with the Melbourne Cup, what a week for partying!
I don't know if any of you have thought through the ramifications of the arrest of Gribkowsky, the banker who managed the sale of the shares to CVC, but if it is true he took a bribe then the person who paid it would also be in trouble presumably, and perhaps the whole deal could be in jeopardy? The bank that sold the shares is State owned and has lost a bundle in the last few years, so I am sure the State would like to get some of that back. I am no lawyer, but this could get really messy, or just maybe it will get the sport out of the hands of people who care nothing for the sport and only its earning potential.
Senor Carabante of HRT has been ordered to pay an ex-partner an amount of 47 m Euros, that's a lot of dollars! With HRT already strapped for cash it will be interesting to see what this does. Still, they have money in from Tata for Karthikeyan's ride and another seat to sell, and there is always a new investor coming with these guys.
Practice for this year's Rolex started today with the two Ganassi cars at the top of the time sheet, no surprise there. Watch for the Aten entered Ferrari 430 run by my buddy Tony Dowe. This is the first outing for this car, but Tony has a good driver line up and is no slouch in long distance racing.
Talking of moving times of races, I commented a couple of months ago that the Phillip Island MotoGP was always intended to be run in March/April, it was only the fight over tobacco that moved the race location and date. But of course now the F1 GP has moved from Adelaide to Melbourne, and November to April, so the GP Board, who promotes both races, have a problem. It seems Dorna, after twenty years, have decided the MotoGP needs to be in that time slot, and have threatened that the FIM will not license the track if it is not moved. Don't really see what the date has to do with a track license. I have heard of licensing a track for different levels of competition, never for different times of the year? As I said before, move the F1 race to November and run it with the Melbourne Cup, what a week for partying!
I don't know if any of you have thought through the ramifications of the arrest of Gribkowsky, the banker who managed the sale of the shares to CVC, but if it is true he took a bribe then the person who paid it would also be in trouble presumably, and perhaps the whole deal could be in jeopardy? The bank that sold the shares is State owned and has lost a bundle in the last few years, so I am sure the State would like to get some of that back. I am no lawyer, but this could get really messy, or just maybe it will get the sport out of the hands of people who care nothing for the sport and only its earning potential.
Senor Carabante of HRT has been ordered to pay an ex-partner an amount of 47 m Euros, that's a lot of dollars! With HRT already strapped for cash it will be interesting to see what this does. Still, they have money in from Tata for Karthikeyan's ride and another seat to sell, and there is always a new investor coming with these guys.
Practice for this year's Rolex started today with the two Ganassi cars at the top of the time sheet, no surprise there. Watch for the Aten entered Ferrari 430 run by my buddy Tony Dowe. This is the first outing for this car, but Tony has a good driver line up and is no slouch in long distance racing.
tagged Adelaide, Aten, CVC, Carabante, F1, Ferrari, Ganassi, Gribkowsky, HRT, Melbourne, Montezemolo, MotoGP, Phillip Island, Rolex, Tony Dowe, Track Safety