Valencia will not be on next year’s F1 calendar, Bernie Ecclestone said on Saturday.

He confirmed that, starting in 2013, an annually alternating deal between the Spanish port city and Barcelona will begin.

Barcelona, the scene of this weekend’s Spanish grand prix, will host the race in 2013, before Valencia returns to the schedule in 2014, the F1 chief executive told Reuters.

Less secure, meanwhile, is France’s touted spot on the 2013 calendar, particularly with the country’s new anti-F1 president Francois Hollande now taking power.

Until recently, the F1 chief executive was saying Paul Ricard was set to join the 2013 calendar, annually alternating a race date with Belgium’s Spa Francorchamps.

As for the state of the deal now, the 81-year-old admitted: “I have no idea. No idea what they (France) are doing.

“It’s a funny arrangement they were making anyway. So I just don’t know.”

Ecclestone is also working on a new deal for the popular Canadian grand prix, having told promoter Francois Dumontier that the Circuit Gilles Villeneuve needs to be upgraded.

“There are two ways of looking at it,” Dumontier, in the paddock of the Circuit de Catalunya, is quoted by La Presse newspaper.

“Either Bernie requires an annual fee windfall, or he will charge a reasonable fee and ask in return for investment in the infrastructure.”

He said the contract on the table is for 10 more years, taking Montreal’s existing deal through 2024.

Ecclestone said on Saturday that he is sure an agreement will be reached, because Canada is one of F1′s most loved destinations.

“I remember saying to Bernie, ‘New York, Austin, I don’t know why you want to go there. Your sure bet is Montreal’. He knows that.

“He’s been in Montreal for 34 years. And in the 22 years of the grands prix in the United States, they’ve had eight different cities.

“He said ‘You’re right’,” added Dumontier.

Another rumour, repeated by The Times’ Kevin Eason on Saturday, is that the planned 2014 Russian grand prix in Sochi “is doomed”.

Michael Schumacher has been pipped at the post in the race to be the world’s richest sportsman.

According to the Sunday Times’ annual listings, the seven time world champion’s (US) $823 million in career earnings is beaten only by golf legend Tiger Woods.

American Woods has earned $869 million in his own ultra-successful career, the newspaper found.

And the Sunday Times said the pair have each earned hundreds of millions of dollars more than other high-earning sportsmen, including Michael Jordan ($516m), Roger Federer ($316m) and David Beckham ($258m).

F1′s two other representatives, Fernando Alonso and Kimi Raikkonen, were way down the top-twenty list, with their respective earnings at about $161 million apiece.

McLaren’s world champions Lewis Hamilton ($89m) and Jenson Button ($85m), meanwhile, appear only on the list for British sportsmen, and they are both outpaced by the $129m earned by former Ferrari driver Eddie Irvine mainly through property investment.

However, Hamilton and Button have each earned more in their careers than David Coulthard, Nigel Mansell, former BAR boss David Richards (all $80m) and Sir Jackie Stewart ($67m).

Those earnings, however, are all dwarfed by Bernie Ecclestone’s estimated $4 billion, although the 81-year-old F1 chief executive does not appear at all on the list of the world’s richest overall.

That list is headed by mega-earners like Sauber sponsor Carlos Slim, who according to the Sunday Times is worth $71 billion.

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?”

Michael Schumacher could be the next silver-clad driver who takes a Mercedes to the top step of the podium.

His teammate Nico Rosberg dominated the Shanghai weekend and, at his 111th attempt, finally broke through with a maiden pole and win.

The much-younger German also dominated Schumacher, the 43-year-old, at Mercedes in the last two years — ever since the seven time world champion returned to formula one in 2010.

But former Benetton and Ferrari title winner Schumacher appears much more on Rosberg’s pace this season, and in fact even solidly outqualified his 26-year-old teammate in Australia and Malaysia.

“It’s simple,” Schumacher told Brazil’s O Estado de S.Paulo.

“The way I can drive this car is much more how I have driven a car throughout my whole life.

“If you look at my driving today and compare with ten years ago, not much has changed,” said the famous German. “But if you look at 2010 and 2011, my arms never stopped working.

“It wasn’t my way to drive,” insisted Schumacher.

Having followed Rosberg early in the Chinese grand prix – before his retirement – Schumacher admitted that he could not quite match the leading pace.

But, despite not standing on a podium even once since his F1 comeback, he has now smelled that a victory is close.

“It will be the same feeling as when I went to the podium for the first time with Benetton, and Ferrari,” Schumacher predicted.

“When I started with those teams, we were far away from being able to think about it. But after a lot of work, I would say years – just as now with Mercedes – we had reached the stage of being able to fight.

“Most people have no idea how many things need to be changed, how much effort and investment is required. At 43 I’m going through all of this again, but it’s because I really love what I do.”

Schumacher’s Mercedes contract expires at the end of this year.

“You might not believe it,” he responded, “but I’m so focused on developing this car that I don’t think about it.

“Later on in the season, of course, it’s inevitable.

“Of course it gives me great pleasure that we are starting to see the results of this great work. I am still perfectly capable of winning in formula one,” Schumacher insisted.

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.

More details about formula one’s planned stock market floatation have emerged.

Bloomberg, the financial news agency, said majority owner CVC is seeking $2 billion by floating “about 20 per cent” of the sport.

That would value F1 at about $10 billion.

The information was verified by “four people with knowledge of the matter”, the report said.

“CVC wants to conduct the sale in Singapore as early as June, and is in discussions with investment banks about its plans, which aren’t final,” Bloomberg added.

The report added that Bernie Ecclestone plans to keep his 5.3 per cent stake and will remain F1′s chief executive.

Martin Brundle has admitted he is surprised HRT is still struggling so much at the start of its third season in formula one.

Better known then as ‘Hispania’, the Spanish team was founded by Adrian Campos after former FIA president Max Mosley opened up three new places in pitlane for the start of the 2010 season.

But last year, the team’s second group of owners – the Carabante family – passed the baton yet again to Thesan Capital, who have rebuilt HRT in the wake of the management and infrastructure that was brought by former boss Colin Kolles.

Even so, the highly respected British commentator and former grand prix veteran Martin Brundle is surprised that Pedro de la Rosa and Narain Karthikeyan are struggling so much with the team’s Cosworth-powered 2012 car.

“Somebody’s got to be at the front, somebody’s got to be at the back,” the Briton told the BBC motoring programme Top Gear’s website.

“(But) the HRT is particularly poor at the moment, and it confuses me why in year three it’s worse than it was in year one.”

Carlos Gracia, an FIA vice-president and head of Spain’s motor racing federation, doesn’t fully agree.

Speaking to the sports newspaper Marca, he explained that veteran de la Rosa faces a “handicap” as the Spaniard races with HRT this year.

“He knows where he is; in a brand new team, although some people believe it is their third year.

“They have begun again, but it seems that they are in a situation where they have only just started and yet they have to clean up the image of the other years.

“That’s his handicap, but the team will have credibility because of Pedro and also because of a good business investment,” added Gracia.

 Nico Hulkenberg has played down the link between Vijay Mallya’s struggling Indian airline Kingfisher and the billionaire’s formula one team Force India.
According to mainstream media reports, debt-ridden and loss-making Kingfisher is on the brink of collapse.

And new speculation swirling in the Melbourne paddock this weekend suggests the situation could affect Silverstone based Force India.

“The rumours are nothing new,” the team’s new race driver Nico Hulkenberg told Frankfurter Rundschau newspaper.

“The problems (with Kingfisher) have been there for over a year. But it’s nothing to do with us, it’s another business — this is formula one, not an airline,” said the German.

“I can’t judge what is happening to his business. I just know that he (Mallya) is still motivated and for sure will be here for many races,” added Hulkenberg, who qualified ninth for Sunday’s Australian grand prix.

India’s Economic Times this week reported that Mallya has pumped an extra $32 million into Force India via his personal investment company Watson and the sponsorship of Kingfisher’s beer and spirit arm.

Eddie Jordan has advised Lewis Hamilton to stick with McLaren.
With the 2008 world champion’s current contract coming to an end this year, he said recently he would address the issue of his future “sooner rather than later”.

“After the first couple of races it’s something we will probably want to get out of the way,” said Hamilton last month.

For the moment, however, there is speculation, after Bernie Ecclestone said he doubts the 27-year-old will stay with the Woking based team forever.

The major German daily Bild then reported that Hamilton has been earmarked as Mercedes’ ‘plan-B’ in the event Michael Schumacher does not stay in 2013.

But Jordan, a former F1 team owner and boss, believes Hamilton should stay put.

“Given their (McLaren’s) resources and level of investment, can you tell me that Lewis would be better off in another team?” he said on Tuesday at a BBC event.

Jordan believes, however, that the famous British team can do a better job of handling Hamilton.

“I think – and this is in some way a criticism – that they will have learned from their mistakes last season,” he said.

One remedy is the placement by Hamilton’s management of Mika Hakkinen’s former manager Didier Coton, and another is the driver’s move from secluded Geneva to bustling Monaco.

Hamilton has also reunited with his girlfriend Nicole, and had a long winter break.

“McLaren appear to have given him a chunk of time off, to go away and to focus,” former long-time McLaren driver David Coulthard said.

 Sir Frank Williams has named Adam Parr, the Oxfordshire based team’s current chairman, as his obvious successor.
69-year-old founder Williams remains the major shareholder and team principal, but he has already handed over the day-to-day running of the once-great outfit to fellow Briton Parr, 46.

“If for whatever reason I couldn’t come in to do my job, Adam would fill the gap,” Williams told the British magazine F1 Racing.

“He’s not a racer but, in a way, that’s probably an advantage in these distinctly commercial days,” he added.

Parr began his career with the investment bank Barclays de Zoete Wedd, and later worked for Rio Tinto.

He practiced law until the late 90s, meeting Williams in 2000.

 HRT’s tumultuous history could be set to continue, if a report in an authoritative German newspaper is right.
Die Welt claims Thesan Capital, the Madrid-based investment company that bought the Spanish team from Jose Ramon Carabante last year, is already on the lookout for a new buyer.

Originally known as Hispania, HRT was actually founded as Campos by former Spanish F1 driver Adrian Campos when the FIA opened up the grid ahead of the 2010 season.

Die Welt claims that the latest owner Thesan’s desire to sell follows the departure of team boss Colin Kolles, who left with almost every one of the team’s 120 employees back to his Greding based company.

Kolles also took all of HRT’s technical equipment back to Greding, Germany, leaving the team on a desperate struggle to be ready for the forthcoming season.

Nonetheless, HRT announced on Wednesday it is establishing a permanent base at the Spanish tennis open headquarters Caja Magica in Madrid.

But Die Welt claims the team may soon be sold to Carlos Slim, the richest man in the world who already backs Sauber through Sergio Perez and his Mexican companies.

Red Bull has no plans to scale back its involvement in formula one, owner Dietrich Mateschitz insists.
Red Bull Racing’s Nascar equivalent is being wound up but it is a different story in F1, where Sebastian Vettel is on the verge of being crowned the youngest ever back to back champion.

Mateschitz told the Independent newspaper he is even happy with his second F1 team Toro Rosso.

“No,” he insisted when asked if the Faenza based team is for sale, “although partnerships would not be ruled out, as long as the partner is the right one.”

Also not being sold is the premier Red Bull team, even though “a forecast is difficult and a decision always depends on the wider picture, the politics, influence of F1 shareholders and many other factors”.

He played down the supposed cost-drain of being involved in F1.

“The total marketing investment for (the) Red Bull (brand) is 10 times as much as in F1,” said Mateschitz.

There is, however, no title sponsor as it is “difficult to find one due to the strength of the Red Bull brand”.

A major formula one sponsor has had a $2 billion hole blown into its books by a so-called rogue trader.
The Financial Times reports that a 31-year-old has been arrested in London as the Swiss group UBS, a ‘global partner’ of grand prix racing, saw its shares plunge almost 11 per cent.

On the alleged investment fraud, a spokesperson for Swiss banking regulator Finma said: “From the scale of this case, you can be sure that it’s the biggest we’ve ever seen for a Swiss bank.”

Reports suggest the scandal could single-handedly wipe out UBS’s forecasted profits for the quarter.

Niki Lauda has signed a replacement for his departed cap sponsor.
The great triple world champion ended his deal recently with the embattled Money Service Group.

But on Friday he was showing off his new red cap emblazoned with the logo of the Abu Dhabi investment company – and Mercedes GP co-owner – Aabar.

“We are proud to team up with one of the living legends of the sport,” said Aabar board chairman Khadem Abdulla Al Qubaii.

Ex-Sauber driver Pedro de la Rosa to bring in his fellow countrymen of HRT to continue his racing career in position
Originally, Pedro de la Rosa as a prime candidate for a Campos-Formula 1 cockpit, but tilted as the project and was later renamed the HRT was no place for him anymore. He also opted for the Sauber team, which he could at the time the supposed offer better prospects.

Sauber has thrown out the 39-year-old now – and lack of alternatives can imagine the current Pirelli test driver means, 2011 to drive for HRT. He was in contact with the family Carabantes, who runs the Spanish cycling team, he says, and adds to the news agency ‘EFE’ to: “If your project is sporty interesting and ambitious, then I will gladly come to them.” Currently, there is but “no hurry”.
De la Rosa would probably not bring their own sponsors, but his salary was reportedly financed at least in Sauber by the bank Santander. Could also cause a Spaniard in a Spanish team of national interest and bring in this way be indirectly sponsors. It is striking in any case, how much the veteran currently ingratiate the worst team of Formula 1.

“For Spain, it is important to a Formula 1 team to have, and their investment is worth something,” de la Rosa says of the Carabantes. “We have a team, but we do not receive the best value within a few months they have brought a car to the starting line and next year they will again have a car, but the project needs more support -. Not only for companies but also by riders like me and the fans. We need to stand behind them! “