Organisers of the grand prix in Melbourne are reportedly considering sharing the city’s formula one rights with another Australian state.
Under financial strain, Germany alternates the annual hosting rights between Hockenheim and the Nurburgring, and Spain is set to begin a similar scheme for the struggling Barcelona and Valencia organisers.

Under pressure to ease the burden on Victoria’s state taxpayers, organisers of the annual Albert Park race are considering something along those lines, the local Herald Sun reports.

Citing “high placed sources”, the Melbourne newspaper said Sydney or Perth could be the alternate race hosts.

Perth is the capital of Western Australia, and premier Colin Barnett said: “(The) grand prix is a great event, but WA will not be bidding for it.”

A spokesman for Victorian premier Ted Baillieu, however, did not rule it out.

“We’ve got the race until 2015 in its current form,” he said. “Negotiations beyond that will focus on value for money for the Victorian economy.”

Australian Grand Prix Corporation chairman Ron Walker, however, described the idea as “a formula for disaster”.

“All of our major events are hard won and we are not about to share ours with another Australian city,” he said.

The rumours are already swirling in the Melbourne paddock.

“I think to move it interstate would cause more headaches than it’s probably worth,” said Australian driver Mark Webber.

“It’s been so successful in Melbourne for so long now. (But) you never say never, nothing is forever.”

 Renault is a secret to Red Bull’s recent success in formula one, the French carmaker claims.
The common perception, however, is that the energy drink-owned team has dominated the sport in recent years despite Mercedes-Benz actually supplying a more powerful 2.4 litre V8 engine to Red Bull’s rivals.

“The Mercedes engine is indeed about 15 horse power more powerful than ours,” confirmed Renault Sport F1′s Jean-Francois Caubet.

“But in terms of driveability and fuel economy, it is our engine in front. So when it comes to the bottom line, we are a little bit better than Mercedes,” he claimed to Germany’s Sport Bild magazine.

The most crucial factor, Caubet claimed, is the engine’s fuel economy amid the backdrop of the recent ban on in-race refuelling.

“Because our consumption is lower, Red Bull can start the races with 15 to 18 litres less petrol in the tank than the competition,” he said.

“That makes a big difference.”

Another factor is Sebastian Vettel’s driving, he agreed, with the back to back world champion having a “very fuel efficient” style, and being “extremely interested in the data”.

“They are both key factors when the driver wants to use the engine perfectly,” said Caubet.

The economy is booming, but Max Mosley finds out that it was absolutely right by him to pursue having the formula 1, a drastic austerity plan.

As the global economy from the worst crisis in recent decades recovering and also in racing again as the money comes a little looser than a few months ago, Max Mosley reiterates that should be saved in Formula 1 also. He believes that the austerity measures demanded by him were completely right – and still are.

“At the moment,” said the former FIA president in an interview with BBC Radio 5 live ‘, “a team gets about 40 or 50 million dollars from Bernie (Ecclestone, editor’s note), you probably need 200. to operate properly can. Even in the current situation, in which the whole world probably slowly recovering from the recession, it is very difficult to get as much money from sponsors. ”
The teams, however, have relaxed the restrictions their recent 2017 extended Savings Agreement (RRA) – According to Mosley, a wrong decision, “I believe that it is easy for the team in any way, and the thing would be to reduce costs further,” he believes. “. But the bottom line is the decision of the team, you all sit together and know what they should do in my opinion you see it differently -. And that is their business.”

“But there is no doubt that some of them are on the brink, because they spend so much money and the ways to find money, are limited,” adds the 70-year-old Briton. In the industry is said to mainly HRT, Virgin and Force India a tense financial situation. Sauber also can only since the agreement with the future major sponsor Telmex breathe.
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A race contract for an inaugural Bulgarian grand prix in 2012 could be signed as soon as next month, according to the head of the south east European country’s motor racing federation.

A proposed race in Bulgaria has been on the table for some time, including when F1 chief executive met with the country’s economy minister at Monza last month.

If talks with a funding consortium reportedly comprised of Arab, US and Canadian companies and the government go well, Ecclestone could travel to capital Sofia to sign the contract between November 15 and December 15, Bogdan Nikolov told the Sofia news agency Novinite.

The report said Bulgaria aims to be unique on the F1 calendar by having an asphalt surface that can be artificially heated.

Nikolov, chairman of the Bulgarian Motorcycling Federation, added that the circuit will bid for both F1 and its two-wheeled equivalent MotoGP.

“We have created a project that meets the requirements of both FIA and (MotoGP governing body) FIM,” he said.

Even if Singapore decides against extending its current F1 race contract, the Asian city-state will host at least four more grands prix.

Last month it emerged that the government was yet to decide whether to extend its current race contract beyond 2012.

Senior minister of state S. Iswaran said the government wants to “make sure the economic benefits are justifiable going forward”.

But even though Singapore’s contract expires in 2012, Formula One Administration has a five-year option to extend the deal, according to Singapore news network Channel NewsAsia and the Straits Times broadsheet.

The reports said that even if the government decides against a new contract, it will have to serve notice and host the sport until at least 2014.

Trade and Industry minister Lim Hng Kiang said in parliament on Monday that the government’s decision about F1 “will be based on an assessment of the costs and benefits to the economy over the long term”.

He said the outcome of the review might not be known for a year.

The likelihood of Hyundai entering formula one in the near future has diminished.

Some years ago, the Korean carmaker – currently the fifth largest in the world and comprising Kia – was linked with Minardi when Paul Stoddart was selling the Faenza based team.

And “We are in discussions with Bernie Ecclestone,” an official of the Seoul-based company said in 2006.

Another Korean multinational, Samsung, has also been linked with F1 sponsorship, which now seems timely given the sport’s journey this week to the southwest Jeollanam-do province for the country’s inaugural grand prix.

South Korea’s economy proved robust in the wake of the global financial crisis, and Hyundai vice chairman Chung Eui-sun said recently that the marque’s “utmost priority is to boost brand image in Europe”.

The conglomerate LG is already a prominent F1 sponsor, but Hyundai is reportedly not interested.

“The grand prix could be a gateway to becoming a premium car brand, but Hyundai is simply not interested in formula one,” an anonymous F1 industry official told the Reuters news agency.

“It also requires long-term investment of several years at least and it’s doubtful whether Hyundai has that patience,” the source added.

Abu Dhabi has denied reports it is helping Bulgaria join the formula one calendar.

It emerged earlier this week that an economic cooperation agreement has been signed between the Bulgarian economy minister and the Emirates Associated Business Group, a state-owned Abu Dhabi company.

Bulgarian authorities, as well as local agencies and publications, claimed the agreement involves construction of a formula one circuit at the former air base at Dobroslavtsi, 15 kilometres from the capital Sofia.

The agreement would reportedly see Abu Dhabi pay for construction of the circuit, with the land provided by Bulgaria.

But according to the Bulgarian daily Sega, Abu Dhabi has denied the reports.

A statement also said the Emirates Associated Business Group was so disappointed with the incorrect information that it will cancel its Bulgarian investments altogether.

Sega quoted the company’s chief executive Raid Abu Hudra as saying the officials had acted so unprofessionally that he would advise others against investing in Bulgaria.

He said a mediator from the Bulgarian prime minister’s office had invited Abu Dhabi to invest in an F1 track but “We told him we would not be interested”.

Red Bull’s Christian Horner this weekend accused a “naughty” Ferrari of breaching the “spirit” of the agreement by testing its new exhaust layout at Fiorano last week.

Ferrari argues that the run was allowed because “filming and promotional” activities were taking place, and FOTA chairman Martin Whitmarsh on Saturday said the teams association will react.

“I didn’t think they (the rules) needed clarification, but for some they clearly do,” he said.

“It isn’t ambiguous in my English interpretation of it, but others obviously thought it was.

“That’s why we have to remove that ambiguity, and I think we are going to do the correct and honourable thing.”

Whitmarsh made clear that, like Ferrari, teams including Mercedes and Renault have also made “some arguable decisions” with regards to the rules about in-season testing.

“Once one does it then everybody feels ‘well, if that’s how you are going to interpret something, then I’ll push it to the limit’,” said the Briton.

He made clear that when McLaren tries its Red Bull-like exhaust layout next week, it will do so with one of its allocation of straightline test days.

Whitmarsh also thinks it is time F1 relaxed its approach to in-season testing.

“We had to take significant measures given the crisis involving the economy and formula one,” he said.

“I think now, as we can see signs of the economy improving, we can go back to testing.”

Sebastien Bourdais has admitted he is unlikely to ever return to the formula one grid.

The Frenchman, who was ousted by Toro Rosso mid-way through the 2009 season, now races in the Superleague series and a Peugeot in Le Mans races.

He arrived in F1 in 2008, after establishing himself as the dominant driver of the now defunct American open wheeler series Champ Car.

But Bourdais admits a lack of sponsorship is preventing his return to a top seat in the US, and he also acknowledges that returning to F1 is unlikely.

“I am 31 years old,” he told France’s sports.fr. “I don’t see how I could be back in a F1 cockpit, especially since it already did not go so well.

“If someone offers me a car, why not? But, personally, I have stopped chasing it,” added Bourdais.

He admits his relationship with Toro Rosso was always difficult, insisting the Faenza based team wanted “a guy who shuts up and drives”.

“They did not decide the development of the car or the technical paths, so it was always going to end in the way it did.

“Now, I have no regrets, but I would have if I had not tried it,” added Bourdais.

He was linked with the vacant Renault seat over the past winter, but Bourdais denies he ever had talks with the team’s new boss Eric Boullier.

“I know him very well, he is a friend, and we didn’t even talk about it,” said Bourdais. Renault needed a driver who could bring money.

“I was hoping that Romain (Grosjean) would be retained. There are many talented French drivers but our economy is such that it is difficult to find financial support.

“And, unfortunately, seats in F1 are rare and expensive,” added Bourdais.
(GMM)

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