Even ahead of F1′s Singapore floatation, the sport has some new owners.

Reuters, the specialist financial market news agency, said US-based asset managers Waddell and Reed, Blackrock and Norway’s Norges Bank have bought a $1.6 billion stake from existing owners CVC.

The report cited a source “with direct knowledge of the matter”. The companies did not immediately comment.

It drops CVC’s stake from 63.4 per cent to about 40pc, the source said.

We reported on Monday that the Singapore stock exchange approved F1′s plan to raise as much as $3 billion in an initial public offering.

Other reports said pre-marketing for the listing, likely to go ahead at the end of June, will begin immediately.

“It is not our practice to publicly comment on our dealings with listing aspirants,” said a Singapore bourse spokesman.

Some insiders have expressed concern.

“Look at the muted first-day response to Facebook’s IPO,” an unnamed banker told the Singapore broadsheet Straits Times. “The F1 listing is not nearly as attractive and long-awaited as that.”

A respected F1 correspondent is expecting F1′s 2012 calendar to shrink to eighteen races this year.

Livio Oricchio, who writes for Brazil’s O Estado de S.Paulo, thinks the sport is now on the verge of cancelling next weekend’s visit to Bahrain.

And he also thinks November’s US grand prix, scheduled to take place at the brand new Circuit of the Americas in Austin, is in doubt.

“The construction has fallen way behind,” said Oricchio, “and there are serious problems between the promoter and the Texas government.

“Each side is looking to the other on the obligation to pay the fee, estimated at $18 million, to FOM (Formula One Management).

“So the championship that should have 20 races will most likely have only 18,” he concluded.

At least publicly, however, the Circuit of the Americas is continuing to take shape.

This Thursday, a private ceremony is scheduled to take place as circuit contractor Austin Commercial celebrates the milestone of completing the full height of the main three-storey pit building.

The Austin Business Journal reports that “several business and civic leaders are scheduled to attend”.

Many F1 insiders are now expecting next weekend’s Bahrain grand prix to be called off.

“We’re not going to Bahrain, the decision will be announced soon,” wrote Livio Oricchio, the correspondent for Brazil’s O Estado de S.Paulo newspaper.

In the wake of the latest reports about the ongoing political situation inside the island Kingdom, Oricchio said he expects the news about the race to be known “today or tomorrow”.

He referred to the direct threat made by the protest organising group February 14th Youth Coalition, who said it could not “ensure the safety” of the sport’s travelling members.

A spokesman for the international group Human Rights Watch admitted it is worried.

“On the ground we see an increasing number of deaths, and serious injuries from tear gas and beatings,” he is quoted as saying by the BBC.

And the latest fears have been intensified by the explosion of a bomb that injured seven policemen on Monday, and news that a jailed activist on hunger strike is now close to death.

An unnamed team boss admitted he is worried about his employees “and their families”, but an advisor to Bahrain’s interior ministry tried to play down those fears.

“People can be assured that if problems arise, then there will be a plan to deal with that as there would be with any public event in the world,” former London police assistant commissioner John Yates told the Associated Press.

But even Bernie Ecclestone, who will be in China this weekend, could now be stepping back from the controversy.

“If the teams don’t want to go, then we cannot make them,” the F1 chief executive told the Times.

All the FIA has said is that it is “monitoring” the situation, with it believed that contingency plans are in place so that F1 can cope with a cancellation decision made as late as this Saturday or Sunday.

The Bahrainis, meanwhile, are confident.

“We anticipate formula one will continue and hope it will be a success,” said government spokesman Sheikh Abdulaziz bin Mubarak al-Khalifa.

The Bahrain circuit’s Shaikh Salman bin Isa Al Khalifa added: “The race is going ahead — there is no doubt about that.

“There are several reports doing the rounds that are saying a lot of things which are baseless,” he told the Gulf Daily News.

“We are ready and there is a plan in place to ensure the safety of the teams, officials and fans.”

Sauber has revealed it cannot afford to simply jump in and copy Mercedes’ innovative F-duct solution.

The small Swiss team had almost winning race pace in Malaysia last weekend even without the extra straight-line speed that would be provided by a system along the lines of Mercedes’ DRS-complimenting concept.

Despite their complaints about the legality of the system, there is little doubt the big-budget teams will be working frantically to emulate the Mercedes’ concept, which to date has the blessing of the FIA.

According to Germany’s Auto Motor und Sport, however, it will be a different story for the smaller teams.

“If we started now with a blank sheet of paper, we would be ready in two months,” said Sauber’s chief designer Matt Morris.

“But it would really add up. We have to ask ourselves whether it’s worth it for us, or whether we would be better off chasing the laptime with more conventional steps.

“On the other hand the big teams can handle a development like that in parallel to their normal programmes,” he added.

Also on the technical front, Auto Motor und Sport reveals that rival teams are closer to getting to the bottom of Red Bull’s ever-flexible front wings.

After the last day of testing in Barcelona, detailed photographs emerged of Sebastian Vettel’s stricken RB8 that appeared to show a sort of torsion bar inside the damaged front wing.

The report said the torsion bar may be pre-loaded in order to pass the FIA’s static load tests, but then bend at speed.

An FIA insider suggested the system, although permitted in private testing, “would not be allowed” at the actual grands prix.

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.”

 Paddock regulars insist the formerly-dominant Red Bull team cannot be written off after a single defeat in Australia.
On paper, reigning back-to-back champion Sebastian Vettel’s second place on Sunday doesn’t look bad.

But Melbourne was in fact the first race since before either of the German’s title-winning campaigns in 2010 and 2011 that a Red Bull car failed to lead a single lap.

“You cannot discount them, they (Red Bull) are always there,” said Albert Park winner Jenson Button, “but it seems that the tables have turned.”

After not winning a title since 2008 with Lewis Hamilton, Button’s McLaren colleagues will hope that is true.

“Red Bull needs to dress warmly,” German racing legend Hans-Joachim Stuck told Sport1, “although I see McLaren on an equal footing only.”

He warned against over-analysing the Melbourne result.

“This is not a benchmark for the rest of the season — the Malaysia circuit is much more meaningful because who is good there is good everywhere.”

However, McLaren hinted after Melbourne that it could actually have performed more strongly last weekend.

“We were more than marginal on fuel,” boss Martin Whitmarsh is quoted by Kleine Zeitung newspaper. “There is no question we could have been faster (in Australia).”

But so could Red Bull, Vettel insists.

“In Melbourne, we learned a lot about the behaviour of our car, which has great potential,” he said.

“We need to make it harder for McLaren in Malaysia.”

Triple world champion Niki Lauda agrees: “Red Bull will catch up quickly.”

Team advisor Dr Helmut Marko insisted: “We have not brought everything out of the car yet. So we are very optimistic about the next races.”

He is also dismissive of Red Bull’s other rivals.

“Only McLaren are on par with us,” said Marko, who scorned at Mercedes, the team who fared strongly in Melbourne before suffering in the race.

“They were more like a chicane,” the acid-tongued Austrian added, according to laola1.at.

 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.”

Official track action in 2012 has now begun, but the pecking order is still totally unclear.
“The tea-leaf reading will go on until after the third practice session (on Saturday),” Peter Sauber told Switzerland’s Blick.

Only after that one-hour session will Melbourne qualifying be looming, but many paddock insiders believe Malaysia – a more ‘normal’ circuit – will be a better barometer.

The confusion is greater in 2012 because the field is apparently so tightly packed.

“I’ve never known it as open as this,” said McLaren’s Jenson Button, who set Friday’s fastest laptime. “Never.”

Lewis Hamilton agreed: “I’m convinced that Red Bull, Mercedes and us are equal.”

Red Bull, however, is widely believed to be the frontrunner, but Sebastian Vettel and Mark Webber said they were unhappy with the balance of the RB8 on Friday.

“We still have a lot of work to do,” said Webber.

Also unclear is just how good the new Mercedes is, after Michael Schumacher in second practice returned to the ‘P1′ position he had become so familiar with in his first career pre-2010.

“When I saw the (W03) car on track I immediately sent a text to Norbert (Haug),” Alex Wurz revealed to Sport1, “(saying) ‘looks very good’.

“I honestly have to say they are not yet on Red Bull’s level, but they are not too far away,” the former F1 driver, who is in Melbourne as Williams’ new driver mentor, added.

It seems clear that Ferrari ranks somewhere beneath the top trio, and Spain’s Marca newspaper reports that a substantially-redesigned chassis will not get up and running until the European season begins in mid-May.

“We definitely haven’t seen the real picture yet,” Fernando Alonso is quoted by Germany’s Auto Motor und Sport, after going fourth quickest in both of Friday’s sessions.

“Vettel is not as bad as tenth,” he insisted, “and Kovalainen is not as good as eighth.”

Red Bull’s Christian Horner admitted: “Qualifying will be the first time we have driven with empty tanks.”

Team advisor Dr Helmut Marko added: “We are satisfied, it looks quite good. But McLaren is very strong, and the Mercedes (cars) will be in the top five.”

Triple world champion Niki Lauda told Germany’s Speed Week: “I am sure the championship this year will be decided later that it was in 2011.

“The top cars and the whole field appears to be closer together — it could be a great season.”

 A general consensus has emerged about the likely pecking-order this weekend in Australia.
Based on winter testing, this year’s longest-ever F1 season looks set to be very closely contested, but experts, pundits and insiders fairly agree about the rough shape of Saturday’s Melbourne grid.

“From what I saw in the tests, Red Bull and McLaren seem to be at a similar pace,” Francesco Nenci, Kamui Kobayashi’s race engineer at Sauber, told O Estado de S.Paulo newspaper.

“Then comes Mercedes and then our team along with Lotus and Ferrari. But we’ll only really find out here,” he told Brazilian correspondent Livio Oricchio in Melbourne.

Steve Nielsen, Caterham’s sporting director, roughly agrees.

“Red Bull and McLaren are the best, Mercedes is a little bit behind and then it’s Lotus, Ferrari, Sauber and Force India,” he said.

And given that the top three teams will presumably dominate the first six positions in Q3, the last part of qualifying “should be exciting”, Nielsen smiled.

But so will the fight at the front, with McLaren’s Jenson Button desperate to end Red Bull’s two-year run of dominance.

“With quite a big change in the regulations in terms of the blown diffuser, now is the interesting time to see whether Red Bull can hang onto the advantage they have had,” said the Briton.

“If they can, it is going to be very difficult to beat them over the next few years.”

Jenson Button has tipped Ferrari to recover, after the famous Italian team announced it does not initially expect to be a podium contender in 2012.
Paddock insiders are tipping a close three-way battle between Red Bull, McLaren and possibly Mercedes early this season, as Ferrari apparently flounders with its complex F2012.

But McLaren’s Button said: “I’m sure Ferrari can find their way out of a sticky situation — if they’re in a sticky situation.

“We’re all trying new things at the start of the year. One of us will get it right and I’m sure the others will follow suit in the end,” he told the Guardian.

“They’re obviously on the back foot but I’m sure they’ll catch up.”

Despite an almost unprecedented media muzzle, Ferrari’s Fernando Alonso broke his enforced silence last weekend to admit by way of analogy that his 2012 car is not in top Barcelona football players’ Messi and Iniesta’s league at present.

But the Spaniard also pointed out that while the press is making a fuss about Ferrari’s troubles, the immense pressure on Ferrari is unique.

“For example yesterday (Sunday at Barcelona) Red Bull had only a few laps and the last time on the sheet,” Alonso reportedly told Ferrari staff at Maranello.

“If something similar had happened to us, hell would have broken loose, but here (in Italy) nobody really noticed it.”

Alonso does not think he will be pushing for the Melbourne win next weekend, but he also insisted: “What counts is not to be first in the first race, but in November, at the end of the championship.”

 The recently revealed ‘W-duct’ aside, another technical secret has been discovered aboard Mercedes’ newly launched W03.
Rumours insist the German squad was the last to reveal and test its 2012 car because it boasts a few highly innovative ideas that could drive Michael Schumacher and Nico Rosberg to the middle of the podium.

Germany’s Auto Motor und Sport reports that mechanics working for the Brackley based team are making more efforts than usual to hide the front and rear of the car, and erecting huge screens in front of the pits between test runs in Barcelona.

But a big secret is now out of the bag, and it’s located beneath the rear rain light and being described by insiders as “like a double diffuser”.

Italy’s La Gazzetta dello Sport said the feature is believed to produce an effect similar to the one pioneered by Mercedes’ predecessor Brawn GP in 2009, which resulted in the championship for Jenson Button.

And according to Auto Motor und Sport, the concept differs to the banned double diffuser because the air is channelled through holes at the rear of the engine cover.

The concept, despite complying with the FIA’s blown diffuser clampdown, also reportedly involves the clever redirection of exhaust gases.

And yet another innovation on the Mercedes could be a passive ‘F-duct’-style addition to the car’s new rear wing, working alongside the ‘DRS’ system.

When asked about the ‘ducts’, Rosberg and Schumacher played it coy: “What’s that?” Rosberg answered, while Schumacher joked that it sounds like something that should go “quack!”

“They are a good team,” Red Bull team boss Christian Horner told Sky when asked about Mercedes.

“They have some good people so it would be foolish to underestimate them.”

Meanwhile, TZ newspaper in Germany reports that the FIA could be set to clamp down even harder in the area of exhaust blowing.

There are rumours Renault and Mercedes-powered teams are still using clever engine mapping techniques for aerodynamic effect.

 Paddock insiders already have a name for Mercedes’ new front wing innovation — ‘W-duct’.
We have reported that the German marque has already tested the F-duct style concept at the front of its newly-launched W03 car.

The Finnish broadcaster MTV3, describing the system as ‘W-duct’, has provided some detail as to how it works.

When the car is being driven in a straight line, air flows into the tip of the silver car’s nose and is dispersed in a W-like pattern across the length of the front wing.

But when the car is cornering, the air flows more predominantly to one side or the other, improving the balance and handling.

Unlike the driver-operated rear wing F-duct, which was banned for 2011, Mercedes’ system is entirely passive and requires no moving parts, and is therefore legal.

Meanwhile, team boss Ross Brawn on Tuesday defended Mercedes’ strategy of employing numerous technical bosses, including Aldo Costa, Bob Bell and Geoff Willis.

“How it works is a mystery to me,” Red Bull’s Dr Helmut Marko told Die Welt newspaper, “but Mercedes must know what they’re doing.”

While ‘step’ noses were still occupying some in the F1 paddock, the sport’s purists were staring at the rear of the cars as the field of 2012 tested at Jerez on Tuesday.
With blown exhausts effectively banned this year, the new rules state that the outlets must now be visible from above.

But according to Auto Motor und Sport, the Ferrari and McLaren solutions are not necessarily visible from a bird’s eye view, causing some insiders to predict a new controversy about the legality of cars this season.

So at Jerez, the game began.

“We have had a lot of correspondence with the FIA,” said Ferrari designer Nikolas Tombazis. “We believe that what we are doing is legal.”

McLaren’s solution is also innovative, with the side ‘bump’ seen at the launch of the MP4-27 still on the car at Jerez.

One early analysis is that the team is using a rule loophole to cleverly redirect the exhaust air.

“There’s always a chance that somebody will come up with something that’s right on the border,” said Red Bull designer Adrian Newey.

Added Lotus’ James Allison: “So far we have a conservative solution,” he commented on the day Kimi Raikkonen went quickest in the 2012 car.

“We will watch the competition and also what the FIA says. Depending on how much they will allow, we will act accordingly.”

Some of the smaller teams are already expressing frustration.

“The FIA has said that the exhaust should no longer influence the aerodynamics. We support that and we will stick to that,” said Toro Rosso’s Giorgio Ascanelli.

Added Williams’ Mark Gillan: “The rules are actually pretty clear and we are trying to be on the right side of them.”

The FIA handed back Red Bull’s paddock curfew ‘wild card’ in Singapore.
The dominant team was penalised ahead of the night race because a staff member was in the paddock during the working-day blackout period.

Dr Helmut Marko, however, protested that the unidentified staff member in question was wielding a mere guest pass and had no operational connection with either the team or the cars.

Indeed, it is believed he was connected to the sponsor Infiniti.

“After interviewing the person and hearing the explanation it is now clear that this person is not a member of the team,” an official of the governing FIA is quoted by Germany’s Auto Motor und Sport.

The FIA also lifted similar sanctions against the Mercedes and Virgin teams, who argued that they thought marketing staff were exempt from the curfew.

But Auto Motor und Sport quoted an insider as insisting that team bosses agreed in Melbourne earlier this year that marketing staff “are clearly included in the ban”.

A spokesman for Mercedes GP confirmed that a female member of the team’s marketing staff broke the curfew by half an hour.

Meanwhile, Toro Rosso’s curfew penalty – imposed after boss Franz Tost entered the Singapore paddock too early – stands.

Pedro de la Rosa is in close contact with HRT-owner José Ramón Carabantes: Returns to the Spaniards in 2011 actually again?

Pedro de la Rosa has his release with Sauber but suffered a severe setback in the comeback year, but the Spaniard pulls himself up once more. The 39-year-old would next year start a new venture. Currently, de la Rosa continued the Pirelli test work that started his successor Sauber Nick Heidfeld.

“This is not the decisive factor,” former McLaren test driver said of his insider knowledge of the new Formula 1 tires. “This knowledge gives me no cockpit, but I can maybe get a little closer,” said de la Rosa in the radio station ‘Onda Cero. ” Regarding 2011, he is currently working in close contact with HRT.
“I talk to the Carabantes, we are in a lively exchange. Warn me abreast of the progress,” says de la Rosa. “If the project is ambitious and interesting, then I would be happy if I could be there. They know it. But right now there is no hurry.” HRT is said future cooperation with Toyota Motorsport in Cologne.

After his banishment from cleaning the Spaniard with initial air his frustration. “I have my opinion and she knows Peter Sauber. That counts for me. I respect the decision, but that does not mean I think they are good. Now, we continue with Pirelli.” Neither de la Rosa still Heidfeld for 2011 a place in the Swiss free – Sergio Perez is new on board. “A good driver with good results and the important support of Telmex,” says de la Rosa.