Subscribe to RSS

Posts tagged as: concorde back to homepage

Briatore writing rules for ‘GP1′ series Briatore writing rules for ‘GP1′ series(0)

Flavio Briatore could be readying to burst back into formula one.

Germany’s Auto Motor und Sport said the ousted and formerly banned Italian is busily writing regulations for a ‘GP1′ championship.

They could be adopted should the FIA not sign up to the 2013 Concorde Agreement, according to the report.

Apparently, the political rumblings in F1 at present are not limited to the sport’s planned floatation, or Bernie Ecclestone’s spat with Mercedes.

Cost-control is also a buzzword. As reported recently, the vast majority of F1′s teams want the FIA to enshrine cost-cutting in the actual sporting regulations, even to the point of pushing for a once highly-controversial budget cap.

F1 chief executive Ecclestone, however, is not famously close with the FIA’s new president Jean Todt, and according to Auto Motor und Sport he is not convinced that the Paris federation needs to write and control the rules.

Enter Briatore. The German report said Ferrari will be a fan of the former Renault chief’s rumoured regulations, as they steer away from the premium on aerodynamics.

Ecclestone says Mercedes deal ’80 per cent’ done Ecclestone says Mercedes deal ’80 per cent’ done(0)

Bernie Ecclestone claims he is close to reaching an agreement with Mercedes over the future of the German marque’s involvement in formula one.

The parties have been at loggerheads over the F1 chief executive’s refusal to offer to Mercedes the same Concorde Agreement deal reached with other top teams Ferrari, McLaren and Red Bull.

In response, it has been suggested not only that the situation threatened the sport’s floatation plans, but that Mercedes could sensationally quit F1 at the end of this year.

“We are now 80 per cent there,” Ecclestone told the German newspaper Bild am Sonntag in Barcelona.

“The other 20 per cent, we will get there soon,” he added.

“We have spoken with several Mercedes managers. I am sure we will see more of Mercedes in formula one.”

Bild said the deal being discussed between Ecclestone and the Stuttgart based carmaker will see Mercedes in F1 at least through 2020.

Norbert Haug, however, sounded surprised.

“I have to apologise, but we don’t want to give any information at the moment about the state of the negotiations,” Mercedes’ motor racing vice-president insisted.

Brawn’s Barcelona absence triggers rumours Brawn’s Barcelona absence triggers rumours(0)

A lack of official information has triggered speculation about Ross Brawn’s health.

And another rumour is that his absence in Barcelona could be connected with Mercedes’ billion-dollar dispute with Bernie Ecclestone over the next Concorde Agreement.

The German squad announced on Thursday that Bob Bell is leading the team in Barcelona because regular boss Brawn is back in Britain on doctor’s orders.

Bild newspaper said the 57-year-old was given the advice in hospital earlier this week, following a dizzy spell at his home in England.

“It’s more than the flu,” chief executive Nick Fry is quoted as saying, “but I can assure you that it’s nothing life threatening.”

Indeed, a spokeswoman told us on Thursday that Brawn will be back to work at Monaco in a fortnight.

For Spain, Brawn will watch the action on television.

“We will still keep in touch,” Michael Schumacher revealed. “Ross cannot be replaced. That’s simply impossible.”

F1 must resolve Mercedes dispute for floatation F1 must resolve Mercedes dispute for floatation(0)

F1 needs to resolve its dispute with Mercedes before the sport’s multi-billion dollar floatation plans can go ahead.

That is the warning of the German team’s chief executive Nick Fry, as Mercedes refuses to sign up to the new Concorde Agreement because rival top teams Ferrari, McLaren and Red Bull have been offered better deals.

Fry is quoted by The Times newspaper as admitting that the progress of talks with Bernie Ecclestone are “not as strong as I would like”.

But he warned: “If CVC wish to float F1, I think they need this resolved fairly quickly — possibly more than we need it resolved.”

At the same time, he played down speculation Mercedes is on the verge of quitting F1.

“The mindset is absolutely in capital letters: Mercedes-Benz wishes to be in F1,” Fry insisted. “I would add that F1 also needs Mercedes-Benz.

“I am completely convinced in my mind that if CVC wish to sell some or all of F1, the value they can derive from that would be severely diminished if Mercedes was not a participant.”

But a senior executive of Mercedes denied the spat is about money.

“It is about fairness,” the unnamed official told The Times’ Kevin Eason.

“We are facing a situation in which three teams will between them decide some of the biggest issues in formula one. That cannot be right.”

Haug denies Mercedes quitting F1 Haug denies Mercedes quitting F1(0)

Norbert Haug has denied reports Mercedes is on the verge of quitting F1.

London newspaper The Times’ F1 correspondent Kevin Eason reported that the German carmaker has conducted a study into how the withdrawal could be effected.

He said the reason for Mercedes pulling out would be because, unlike Ferrari, McLaren and Red Bull, the Stuttgart marque has not been offered a place on F1′s post-floatation board.

When asked about Eason’s report, Mercedes’ competition vice-president Haug insisted to Germany’s Auto Motor und Sport: “There is absolutely no truth to that.”

The report said negotiations between Mercedes and F1 bosses over the next Concorde Agreement are ongoing.

First as an engine supplier only, Mercedes has been in F1 in the modern era since 1993.

Bahrain could get director on F1 board Bahrain could get director on F1 board(0)

Bahrain, the controversial island Kingdom, could have been central to McLaren’s decision to agree the terms of the next Concorde Agreement.

Bahrain’s ruling family, through its investment arm Mumtalakat Holdings, owns half of the famous British team.

The Times’ F1 correspondent Kevin Eason quoted a source as saying the link “pushed (McLaren’s) Concorde deal over the line”.

In return for signing up, Bahrain reportedly received a “pledge” that last month’s highly contentious grand prix would go ahead.

Eason also said it is possible that one of McLaren’s two Bahraini directors, rather than the obvious choice Ron Dennis, could be appointed to the F1 board once the sport is floated on the Singapore exchange.

Bernie Ecclestone denied the 2012 Bahrain grand prix and the Concorde Agreement deal were linked.

“It was nothing to do with the Bahrain race (going ahead),” the F1 chief executive insisted. “But McLaren liked the deal.”

Intriguingly, however, F1′s post-stock market floatation chairman Peter Brabeck-Letmathe has defended the controversial decision to push ahead with Bahrain last month.

“The race was exploited by the opposition in Bahrain, not vice versa,” he told the Austrian newspaper Kleine Zeitung. “That was not interpreted correctly by the media.

“If groups want to exploit sporting events for their interests, then the worst thing you can do is give way.”

Brabeck also compared Bahrain to England.

“In what countries are there no riots?” he asked rhetorically. “A year ago there were riots in London — should the Olympic Games now be cancelled?”

British spat could drive Mercedes out of F1 British spat could drive Mercedes out of F1(0)

A spat between two Britons could drive the German giant Mercedes out of formula one, according to a new media report.

F1 chief executive Bernie Ecclestone recently confirmed he is at loggerheads with Mercedes over the next Concorde Agreement.

But at the same time, he insisted that the Stuttgart marque is “very important to formula one. I have always supported them and I will always,” he is quoted by Auto Motor und Sport.

Indeed, Mercedes has its own and newly-winning works team, powers the marquee McLaren outfit, and also supplies engines to Force India.

Ecclestone’s dispute is with fellow Englishman Ross Brawn, who is the Brackley based Mercedes GP team’s principal.

“I have spoken to the team manager (Brawn) about it (the dispute) and he seems to believe that the team has won a few world titles and about 80 races since the Tyrrell days,” said the 81-year-old.

Sport Bild reports that Ecclestone is refusing to give in to Brawn’s demands for extra Concorde Agreement entitlements for past title successes and history.

The magazine said the relationship has become so intense that Ecclestone has even refused to give a joint interview with Brawn.

“He (Brawn) was never very nice to me,” the F1 ‘supremo’ is quoted as saying.

The German report said there is a risk Mercedes will, as a result of the ‘ice age’ between the British duo, pull the plug on its entire F1 involvement.

Shareholder calls on Mercedes to quit F1 Shareholder calls on Mercedes to quit F1Comments Off

A Daimler shareholder has called on the German car giant to pull its works Mercedes team out of formula one.

Fund manager Ingo Speich, of the Daimler shareholder Union Investment, said at Daimler’s annual general meeting that he is disappointed Mercedes has lost ground to road car rivals Audi and BMW.

“Mercedes is no longer the measure of all things in the premium sector,” he is quoted as saying by Die Presse.

Speich referred to “a lost decade” for Daimler, and called on the company to follow BMW’s recent lead and pull out of formula one.

His speech reportedly received applause from other shareholders.

Mercedes is the biggest formula one team yet to follow the likes of Ferrari, McLaren and Red Bull in signing a new Concorde Agreement beyond 2012.

Sala: KERS unlikely for HRT in 2012 Sala: KERS unlikely for HRT in 2012Comments Off

HRT’s team boss has admitted installing KERS is an unlikely goal for the struggling Spanish team this year.

Luis Perez Sala said the new F112 was designed to accommodate the energy-recovery technology, but qualifying comfortably within the 107 per cent rule is a better target for now.

“We have a car we are yet to discover,” he told El Confidencial.

Indeed, HRT travelled to Australia last month having hardly run its new Cosworth-powered car, and failed to qualify for the season opener.

“It is designed to carry KERS but in the short term we will not (use it). We don’t think we’re going to race with it this year,” he added.

“So, in this respect, it’s not perfect. Right now, we have assembled the car in a hurry and so the private testing at Mugello, just after Bahrain, will be very important to us.”

Sala, having rebuilt HRT following the departure of team boss Colin Kolles, was speaking from HRT’s new headquarters at the Caja Magica (Magic Box).

“After Bahrain, we will have the cars here. From the Spanish grand prix, we will begin to function more effectively.

“In China and Bahrain we will improve things in the car and the team, but it is a slow process that will last all year.

“As I sit here (in Madrid), some people are in Valencia, others in Germany, England … the cars are flying to China and we need to address issues of reliability, not just performance.”

It is a tough situation for HRT, but Sala concedes that the ‘paddock perception’ of the team is that it has gone backwards since debuting in 2010.

“It is really our first year,” he insists.

He reveals that Bernie Ecclestone, once a staunch critic of the struggling backmarkers, is “quiet”.

“We have not had any problems, I think he is calm,” said Sala.

It is also a busy time off the track for HRT, as many rival teams are busily signing the new Concorde Agreement for 2013.

“There are teams that are more advanced than others; for us, the negotiations are still at the beginning,” he said.

The most obvious goals right now, Sala insists, are to have “a team that works together, has a reliable car and a small team that can develop it, and we’re around 105pc off the pole”.

Ferrari ‘Concorde’ with $50m bonus Ferrari ‘Concorde’ with $50m bonusComments Off

Ferrari’s new deal for the 2013 Concorde Agreement reportedly involves a $50 million annual fee.

It is believed the Italian team has now finalised its commercial agreement with Bernie Ecclestone.

The same is reportedly true for fellow top teams McLaren and Red Bull, whose annual additional fee is, according to German newsmagazine Der Spiegel, $35m apiece.

Ecclestone wanted to announce the conclusion of successful Concorde Agreement negotiations in Malaysia, but major teams including Mercedes and Williams were yet to sign up.

Instead, the F1 chief executive released a statement saying deals have been done with ‘the majority’ of the teams.

Mercedes, in particular, is more than unhappy.

“It can not be,” a Daimler insider is quoted as saying, “that transparency from our business partners is lacking regarding a contract through 2020.”

Mercedes could quit F1 over commercial deals Mercedes could quit F1 over commercial dealsComments Off

Mercedes could quit formula one or challenge Bernie Ecclestone in court, after it emerged top rivals Ferrari, McLaren and Red Bull have agreed new commercial deals.

With the FOTA alliance crumbling, F1 chief executive Ecclestone announced on Saturday that he has agreed terms with the “majority” of teams.

In addition to the three top teams, it is believed Lotus, Toro Rosso, Sauber and Force India have also signed up.

That leaves Mercedes and Williams apparently yet to agree, while it is believed the three bottom teams Caterham, Marussia and HRT have not even seen a copy of the new Concorde Agreement.

Mercedes would not comment publicly.

“We would like to ask for your understanding that our team currently has nothing to say on this matter,” said a spokesman.

Behind the scenes, however, high-level sources close to the Brackley based team admitted they are unhappy that the terms of the deal heavily favour the top three teams.

One bonus, for example, is for teams who have not changed their name.

Media outlets including PA Sport and London’s Telegraph were told by the sources that the Stuttgart marque could challenge Ecclestone’s methods against European Union competition law.

Or the carmaker and engine supplier could simply quit F1.

“It is understood the carmaker and parent company Daimler are prepared to play hardball”, wrote Tom Cary in the Telegraph, referring specifically to European laws involving the abuse of a dominant position.

Other authoritative publications, also apparently briefed behind the scenes by Mercedes, referred specifically to the same laws.

On the record, Mercedes’ competition vice-president Norbert Haug said in Malaysia: “I’m not sure who has signed. We’ve nothing currently to say.”

Paddock abuzz with Concorde intrigue Paddock abuzz with Concorde intrigueComments Off

As ever in the high-intrigue world of formula one politics, what is not said always has more value that what is freedly revealed.
That is doubly true if the shrewd Bernie Ecclestone is at the steering wheel.

Firstly, while some interpreted Saturday’s news as a 2013 Concorde Agreement being done and dusted, the F1 chief executive’s short statement in fact merely said “the terms” of the next contract have been agreed.

And the major keyword was that “the majority” of the teams – including Ferrari, McLaren and Red Bull – are on board.

“Bernie’s used the word majority,” McLaren team boss Martin Whitmarsh is quoted by the Mirror. “If there are 12 teams, that’s seven or more.

“I don’t know any more.”

The big missing domino is Mercedes, who according to multiple media sources are holding out for now.

Another is the famous British outfit Williams.

“All agreements between FOM and the teams are normally subject to confidentiality clauses,” Red Bull’s Christian Horner is quoted in German reports.

“So I can’t comment.”

Germany’s Auto Motor und Sport reported that, in addition to the aforementioned top teams, also set to sign up for 2013 are Red Bull sister team Toro Rosso and Ferrari-powered Sauber.

Lotus and Force India are reportedly also part of that group.

That leaves just the three slowest teams Caterham, Marussia and HRT as the other teams remaining in the cold.

F1 agrees new Concorde with ‘majority’ of teams F1 agrees new Concorde with ‘majority’ of teamsComments Off

“The majority” of F1′s teams have agreed a deal over a new Concorde Agreement.
The news was announced by the sport’s chief executive Bernie Ecclestone, who remains in Europe, in time for Saturday’s final practice session in Malaysia.

Previously, it was reported Red Bull and Ferrari were set to agree separate new deals for F1′s future beyond the current commercial contract in 2013 and beyond.

But Ecclestone said on Saturday F1 has in fact “reached commercial agreements with the majority of the current formula one teams, including Ferrari, McLaren and Red Bull Racing”.

It was not revealed which teams have not agreed the terms for the new Concorde.

FOTA complaints led to ‘special deal’ report axe FOTA complaints led to ‘special deal’ report axeComments Off

 Rival formula one teams complained when Sky News published a report suggesting Ferrari and Red Bull will receive special deals for the next Concorde Agreement.
There has been speculation the Bernie Ecclestone-headed Formula One Management ordered the article be pulled from the internet because it divulged secret plans about the teams’ deals and a $10 billion stock market floatation.

But the Financial Times (FT) reports that it was parent company BSkyB’s chief executive Jeremy Darroch who intervened because the article “had upset formula one racing teams”.

The producer of Sky’s new dedicated F1 channel reportedly “called his bosses from Melbourne”, where the broadcaster was making its debut as Britain’s new full-time live host.

He said “the article had caused a strong negative reaction from some F1 teams”, people familiar with the situation reportedly told the FT.

“The piece was withdrawn for further review,” a BSkyB spokesman confirmed. “We stand by the story and, following that review, took the decision to re-publish on Monday.”

The teams alliance FOTA, which no longer involves Ferrari and Red Bull, reportedly met in the Melbourne paddock on Sunday “to discuss how to respond to the (Sky) report”, the FT continued.

The fact the Geneva-based body no longer features two of the major top teams apparently gives Bernie Ecclestone the opportunity to agree deals with them, forcing their rivals to follow suit.

“FOTA can’t sign anything with anyone,” Ecclestone scorned, before declining to discuss the reports of Ferrari and Red Bull’s special deals.

Ferrari and CVC also declined to comment, but an unnamed senior team executive dismissed the apparent deals as “a pipe dream”.

Another said the story was a typical example of Ecclestone’s “divide and conquer” tactics.

Anger as F1 does ‘special deals’ for top teams Anger as F1 does ‘special deals’ for top teamsComments Off

 Many team bosses reportedly left the Melbourne paddock angry late on Sunday, amid claims Ferrari and Red Bull have agreed special deals for F1′s future beyond the current Concorde Agreement.
Rumours of the top teams’ deal – part of a reportedly planned $10 billion stock market floatation of the sport – began to swirl following the publication and then retraction of a Sky News internet report.

The report was reportedly based on a leaked copy of the draft 2013 Concorde Agreement, which according to London’s Telegraph newspaper “could hand Ferrari a direct stake in the sport”.

Red Bull, the reigning champions, “also stand to make a huge sum”, the report claimed, adding that the energy drink-owned team as well as Ferrari will be asked to nominate directors for F1′s holding company board.

Team boss Christian Horner revealed Red Bull is “in discussions with FOM” about a new Concorde Agreement, adding that talks are “progressing reasonably well”.

How the other major teams – like FOTA members McLaren and Mercedes – fit into the picture is unclear at present, but the Times newspaper reports that there are “no seats” at the boardroom table allocated for them.

An unnamed senior team executive described the rumoured special deals for Ferrari and Red Bull as “outrageous” and “against every facet of European competition law”.

Ferrari declined to comment.

Horner added: “We want one (a Concorde Agreement) which reaches into the future … a floatation is really down to the shareholders.

“It is not really the teams’ business,” he added. “It is more of a question for Bernie (Ecclestone) or CVC.”

Many paddock insiders, however, believe the deals are already done in principle, leading one angry rival team boss to blast: “Formula one stopped being about racing a long time ago”.

“There will be an end game to this,” he added. “We just have to figure out what it is and what it means for the people in the teams who want to go racing and not be involved in this kind of thing.”


Get This Plugin

Contacts and information

Social networks

Most popular categories

T-CREA
© 2011 Fantasy Racings F1 All rights reserved.