High-profile sponsors are nervous, as formula one ploughs ahead with next week’s Bahrain grand prix.

Despite widespread trepidation felt within the paddock this weekend in Shanghai, the FIA has declared that there is no reason the Sakhir event cannot go ahead.

And after meeting with the teams on Friday, Bernie Ecclestone told reporters the race is “200 per cent” on.

But The Times reports that, amid the threat of violence, some sponsors have pulled the plug on providing hospitality for guests next weekend.

“When you have an environment like Bahrain then all the sponsors will be watching developments very, very closely and talking to each other,” a source said.

“It’s a case of ‘watch this space’ basically.”

However, the British newspaper said it is unlikely any major sponsors will pull their logos from the cars.

“(They) will effectively just have to follow the sport,” said Tim Bampton, of the motor sports marketing company Just Marketing.

“They will have to watch and wait to see what happens even though they could be caught in the vortex.”

But, at the same time, it is believed that sponsors’ contracts with the teams – such as Vodafone’s estimated $75m deal with McLaren – contain “brand damage” clauses.

An added complication for McLaren is that it is part owned by Bahrain’s sovereign wealth fund, with Mumtalakat Holdings “on course to own half the business” according to writer Kevin Eason.

Also under heavy scrutiny is the conspicuously silent FIA president Jean Todt, whose son Nicolas shares ownership of his GP2 team with Bahrain’s controversial crown prince.

“We all know why it (the Bahrain saga) might have dragged a bit,” Mark Webber is quoted by the Telegraph.

“F1 is like that. There’s a lot of funding and finances that have come from Abu Dhabi and Bahrain and the Middle East.

“They’re very excited about F1 and they clearly want to give it another go. Let’s see if it works,” added the Red Bull driver.

Sauber is in a race for money after discovering its 2012 car is up to speed with F1′s richest teams.

As ever in formula one, world championships are won not on the basis of a clever initial design, but on a team’s ability to continue to develop it throughout a long season.

According to O Estado de S.Paulo newspaper, the formerly BMW-owned Sauber team’s chief executive Monisha Kaltenborn admits that the Hinwil based outfit cannot compete on that front with the likes of McLaren, Ferrari, Mercedes and Red Bull.

“It’s a shame,” she is quoted as saying.

“I hope we can show enough potential so that some companies decide to invest in our project,” said Kaltenborn, with the Brazilian newspaper estimating that Sauber’s budget is EUR 80 million this year.

In contrast, the top four teams’ budgets are believed to be all above EUR 220m.

Kaltenborn told F1′s official website recently that Sauber would back a push to impose a budget cap — an issue that triggered the big teams’ bitter political war with former FIA president Max Mosley a few years ago.

“We … have also openly said that we are not satisfied with our sponsor situation because we have high targets and to achieve them you need appropriate funding,” she continued.

“We still need to work on that side of things, as of course the more funding you have the more you can develop — and it shows on the track.

“I have said before that when we look back we practically never had enough money to do what we really wanted to. The question is always how big the gap is — sometimes it is bigger, sometimes it is smaller.”

The addition of Bulgaria to the F1 calendar could mean the end of the sport’s Hungarian and Turkish rounds.

That is the claim of organiser and Bulgarian motor racing official Bogdan Nikolov, who said this week that a contract for a debut race in 2012 could be signed as soon as next month.

The news follows a scandal earlier this year, when Abu Dhabi investors reportedly reacted furiously to funding claims about the Bulgarian event.

But Nikolov insists the Arab investors are still interested in the project, suggesting that the scandal was more due to “competitive” interests.

“If there is formula one grand prix in Sofia, there won’t be races on Istanbul Park (in Turkey) and (the) Hungaroring. We will be the only grand prix in eastern Europe,” he told the Sofia news agency Novinite.

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.

Kimi Raikkonen is reportedly close to deciding to stay in the world rally championship with Red Bull and Citroen next year.

After F1′s world champion of 2007 quelled speculation he is looking to return to formula one next year with Renault, Citroen’s competition boss has now revealed that talks between Raikkonen and his sponsor Red Bull are well advanced.

“I know the negotiations are progressing well for Kimi to stay in the Citroen junior team,” Olivier Quesnel reportedly told Autosprint magazine in Italy.

“I don’t know when something will be officially announced,” he acknowledged.

It had been rumoured that energy drink Red Bull’s enthusiasm for the Citroen junior team project had waned.

More rumours had linked Raikkonen, 31, with a move to Ford, with funding from the Monster energy drink.

Joan Villadelprat on Monday insisted he has not given up on bringing his Spanish Le Mans team Epsilon Euskadi into formula one.

The Spaniard tried to acquire the thirteenth and final team entry for 2011, but the FIA ruled that none of the applicants had the financial resources to justify the go-ahead.

But Villadelprat told the Noticias de Gipuzkoa that the 13th entry is not the only route into F1.

“We have not thrown in the towel,” he confirmed.

“The most important thing in formula one is the funding that allows you develop for the long-term. We already have the infrastructure and human capacity.

“We are still working with a range of investors and we hope soon to have a final decision,” added Villadelprat. “If the decision is positive, we have a range of options.

“We can go for the 13th entry in 2012, or for 2011 buy an existing team.”

He ruled out buying the struggling HRT team.

“We are not in contact with them,” said Villadelprat, with decades of experience in F1 with Ferrari, McLaren, Benetton and Prost.

“But we are confident that there are licenses available, because there are several teams in a very delicate economic situation,” he added.

“If we secure the budget for the next four years to take over the project of one of these teams, we will — otherwise, no.”

Karun Chandhok on Saturday refused to buy into a conspiracy theory surrounding the occupant of his old HRT race cockpit this weekend.

Many paddock figures were bemused on Friday when, as it emerged that Sakon Yamamoto was holed up in his Singapore hotel with food poisoning, it was Christian Klien who was called up to replace the Japanese.

Indian Chandhok started the season in the Cosworth-powered car, and has been attending every race since he was sidelined in the hope of returning to the wheel.

“He had his chance,” team boss Colin Kolles said. “I think Christian also deserved a chance.”

And as for whether Yamamoto really has food poisoning, amid suggestions his sponsor funding might simply have dried up, Chandhok would not be drawn.

“I haven’t spoken to Sakon. I have no idea if he is sitting on the toilet or not,” he smiled.

Yamamoto, 28, in fact watched qualifying from within the HRT garage, as his stand-in Klien outqualified Bruno Senna’s sister car by more than a full second.

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”.

Adrian Sutil has declared his interest in completing Renault’s formula one driver lineup for 2011.

The Enstone based team on Wednesday announced it is retaining Robert Kubica, but no mention was made of the Pole’s current teammate, the Russian rookie Vitaly Petrov.

Although having performed solidly so far in 2010, it is Petrov’s millions in funding that ultimately secured him the seat, including the alliance with carmaker Lada.

But it is rumoured that Renault is working on a major sponsorship deal with MasterCard for 2011, in a bid to be able to secure the best possible teammate for Kubica as the team eyes a return to championship contention.

German Sutil, 27, recently said he would be happy to stay at Force India next year, but is now quoted by Germany’s Sport Bild: “Renault for me would be more than just an alternative.”

Sport1.de reports that Sutil had his first contact with Renault team boss Eric Boullier at Valencia two weeks ago.

Timo Glock, Nick Heidfeld and 2007 world champion Kimi Raikkonen are also being linked with Petrov’s Renault seat.

Renault has proposed a deal that would see Robert Kubica stay at Renault in 2011, according to a French publication.

Auto Hebdo said the matter could be finalised shortly after this weekend’s British grand prix due to the imposition of a mid-July deadline.

And Italy’s Autosprint believes Kubica could even stay with Renault beyond 2012, but the 25-year-old reportedly “wants guarantees” about the Enstone based team’s funding.

“We are determined to have Robert with us,” team boss Eric Boullier is quoted as saying.  “He knows our ambitions and our potential.”

(GMM)

Organisers of a United States grand prix risk penalties if the race does not go ahead in 2012.

That is the warning of F1 chief executive Bernie Ecclestone, who more than a month ago announced a 10-year contract for a race in Austin, Texas.

The contract, with promoter Tavo Hellmund’s company, involves the construction of a purpose-built circuit.

But given a lack of details so far, and the famous Indianapolis Motor Speedway’s failure to make the US GP a success, some pundits are sceptical about Austin’s bid.

For example, the source of the bulk of the funding is a mystery, with Ecclestone revealing only to the Austin daily American-Statesman that the backers are from the US.

It has also been suggested that 2012 is an overly optimistic race debut date, but Briton Ecclestone insists it will take place then.

“That’s what the contract says,” he said.  “It might turn out to be expensive for Tavo.  We’ve got some penalty clauses, although I wouldn’t want to use them.”

Ecclestone said he is confident Hellmund’s project will succeed.

“Until he doesn’t (succeed), we won’t know,” said the 79-year-old.  “You might say I couldn’t run the 100 metres in seven seconds, but until I try, you don’t know.”

(GMM)

Defunct USF1 has been fined EUR 309,000 and barred from ever competing in formula one.

The American outfit, headed by principals Ken Anderson and journalist Peter Windsor, was granted an entry for the 2010 season but failed to appear.

USF1 has since liquidated its assets, and the sport’s governing body joined the list of creditors with a decision made public on Thursday.

A fine “equivalent to the entry fees for the championship” has been imposed, while USF1 is “definitely” excluded from “any competition” for breaching the sporting regulations and the international sporting code.

In a detailed verdict, the FIA said that because USF1 has no “current financial liquidity”, the fine is effectively the forfeiture of the fee already paid.

But USF1 has also been ordered to pay “the costs incurred by the FIA within the context of this disciplinary procedure”.

The FIA revealed that, during the hearing, USF1 claimed that due to “many negative press comments”, the team’s “sponsorship climate deteriorated after last Christmas.

Bernie Ecclestone’s statement in September last year that “possible USF1 are a doubt” was submitted as evidence, but the FIA retorted that USF1 could have countered the statement had the team’s “funding, sponsorship and construction processes been on target”.

USF1 even argued that negative media coverage amounted to ‘force majeure’, but the FIA procedure ruled there was “no evidence” of that.

(GMM)

After the project is USF1 is finally broken the 13 Launch site for 2011 at stake. Several teams have applied to participate in Formula 1 next year. In addition to the successful GP2 team ART by Frédéric Vasseur and Nicolas Todt also Joan Villadelprat has applied again with his Epsilon-Euskadi team.

“I’m optimistic, but also a bit worried, because the FIA will publish its decision until probably the end of August,” says the former Benetton team manager in the magazine ‘Auto Sprint’. The Spaniard has claimed a good chance of being awarded. Epsilon-Euskadi has experience in prototyping, the company is as a showcase with a direct connection to the university. Sergio is ready Rinland an experienced Formula 1 designer.
“That team, which gets the award, has only very little time for the construction of Formula 1 cars,” criticized Villadelprat. “For us, this means that we now have to invest in a project that we do not even know whether we can realize it 2011.” The funding would seem to Epsilon Euskadi not be a big problem.

“We have been a very long time in intensive discussions with major international companies wishing to invest in us,” reports the team boss. “In two weeks we have accurate numbers, and then know how much money we can take control. One thing is certain: Our approach is long term. The budget must from the outset for at least two seasons to be sure. As a Formula 1 team you can not think from year to year. ”

With interest Villadelprat pursued the development of three new teams, Lotus, Virgin and HRT. In particular, the team of Timo Glock and Lucas di Grassi’s view of the Spaniard is underfunded. have “I think if you really want to build a promising team, then you have to start at least 100 million euros. Sure, you can ride with 40 million €. But then, stay out of the progress every year and you may start over again .

(TMS)

The reaction has been mixed since F1 announced it is heading to Austin, Texas, for 10 consecutive United States grands prix beginning in 2012.

Britain’s Sun newspaper quoted Williams chief executive Adam Parr as saying: “We are a global sport and not having a race in America has been a big hole in the calendar. Our partners will be thrilled.”

But the announcement was short on detail, including where in the Texan capital the venue will be built, and why Austin can succeed where the likes of Donington failed.

McLaren’s managing director Jonathan Neale said in a teleconference on Wednesday: “I’d say it is fantastic news if it turns out to be true and if we can make it happen.”

One sceptic is Kevin Eason, correspondent for London’s The Times.

“This is one old formula one dog who was once bitten by Donington and is twice shy.”

And a blogger at former US GP host city Indianapolis’ Indy Star newspaper read: “I’ll believe it when I see it.”

The German news agency SID said the news had triggered “joy and doubt”.

Even the major Austin daily American-Statesman found the surprise news, which came hot on the heels of claims New York was closing on a deal, hard to swallow.

“Monte Carlo. Istanbul. Barcelona. Montreal. Austin? Maybe,” read a report.

The report added that “significant details” are yet to come, including the cost, the source of the funding, “and why would an Austin project succeed where others haven’t?”

The fabled Indianapolis Motor Speedway hosted F1 between 2000 and 2007, and spokesman Fred Nation said: “Some years we had the largest crowds of the year for formula one.

“From a spectator point of view, it was a success. At the end of the day, we could not make a business deal that made sense to us.”

The promoter of Austin’s F1 race is Tavo Hellmund, whose company Full Throttle Productions is largely unknown outside of Austin, and he admitted that land has not been bought but three sites are being considered.

A local race venue owner thinks Hellmund’s task is a huge one.

“I can tell you this facility cost about $250 million,” said Texas Motor Speedway president Eddie Gossage, referring to the venue used for NASCAR races.

“(An F1 track) would exceed that,” he added.

Dietrich Mateschitz has revealed he might sell the naming rights to his top formula one team Red Bull.

The Milton Keynes-based team is leading the constructors’ championship, while Mark Webber and Sebastian Vettel are atop the drivers’ standings, after the RB6 proved the dominant car after six races in 2010.

“As soon as Red Bull Racing is recognised as an established team, a title sponsor could be possible,” Austrian billionaire Mateschitz told the Sunday Express.

The British tabloid said Mateschitz, 66, favours a luxury goods brand for a sponsor deal that could bring in about $38 million.

Team boss Christian Horner said in Monaco last weekend that Red Bull currently doesn’t “quite have the resource of the more established teams”.

But McLaren and FOTA chief Martin Whitmarsh isn’t sure.

“I think that whatever the level of funding, and I don’t know the funding, in terms of resources, the larger teams are pretty similar,” he said.

“Red Bull is a well funded, well structured, well led organisation,” insisted Whitmarsh.
(GMM)