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FIA has ‘no concerns’ with Hamilton’s ear studs FIA has ‘no concerns’ with Hamilton’s ear studsComments Off

F1′s governing body on Friday insisted it has “no concerns” about the ear studs worn by Lewis Hamilton during free practice in Turkey.

The 2008 world champion had his ears pierced last week, while in Los Angeles to see his girlfriend Nicole Scherzinger perform on a dance television show.

But when he pulled his balaclava and helmet over the studs on Friday morning, some sections of the media recalled article 2.2.1 appendix L of the sporting regulations.

The section prohibits drivers from wearing jewellery for safety reasons.

“The wearing of jewellery in the form of body piercing or metal neck chains is prohibited,” reads the rule.

(GMM)

Big crash for Sutil in quiet Turkish practice Big crash for Sutil in quiet Turkish practiceComments Off

Adrian Sutil had a big crash at the end of Friday’s opening practice session in Turkey.

The German driver went off the track at high speed on the exit of the Istanbul Park layout’s famous four-apex Turn 8 corner, incurring heavy damage to the Force India car.

“He said he had understeer and went off into the marbles, which then put him into the barriers,” the team said on its Twitter page once Sutil had returned to the garage.

It was otherwise a fairly quiet session under warm and blue skies and near-empty grandstands, amid rumours there is a chance of light rain for Sunday.

Bruno Senna had to sit out the initial 90 minutes of practice in deference to Friday test driver Sakon Yamamoto, who ended the session slowest of all.

Also making its 2010 debut was Red Bull’s first F-duct solution, fitted only to Sebastian Vettel’s car in order to provide a back-to-back comparison with Mark Webber’s RB6.

Vettel ended the session fifth, two tenths faster than Barcelona/Monaco winner Webber.

Lewis Hamilton topped the times in his McLaren, but he might now be reprimanded by the stewards for wearing newly-pierced earrings under his helmet.

The wearing of jewellery is prohibited according to article 2.2.1 appendix L of the sporting regulations.

Practice 1.1 -  Istanbul Park

.1º  	2  	 	Lewis Hamilton  	McLaren  	00:01'28''653
.2º 	1 		Jenson Button 		McLaren 	00:01'29''615 	00:00'00''962
.3º 	3 		Michael Schumacher 	MercedesGP 	00:01'29''750 	00:00'01''097
.4º 	4 		Nico Rosberg 		MercedesGP 	00:01'29''855 	00:00'01''202
.5º 	5 		Sebastian Vettel 	Red Bull 	00:01'29''867 	00:00'01''214
.6º 	11 		Robert Kubica 		Renault 	00:01'30''061 	00:00'01''408
.7º 	12 		Vitaly Petrov 		Renault 	00:01'30''065 	00:00'01''412
.8º 	6 		Mark Webber 		Red Bull 	00:01'30''097 	00:00'01''444
.9º 	8 		Fernando Alonso 	Ferrari 	00:01'30''294 	00:00'01''641
.10º 	14 		Adrian Sutil 		Force India 	00:01'30''501 	00:00'01''848
.11º 	23 		Kamui Kobayashi 	Sauber 	        00:01'30''615 	00:00'01''962
.12º 	15 		Vitantonio Liuzzi 	Force India 	00:01'30''853 	00:00'02''200
.13º 	7 		Felipe Massa 		Ferrari 	00:01'30''867 	00:00'02''214
.14º 	16 		Sebastian Buemi 	Toro Rosso 	00:01'31''011 	00:00'02''358
.15º 	22 		Pedro de la Rosa 	Sauber 	        00:01'31''238 	00:00'02''585
.16º 	10 		Nico Hulkenberg 	Williams 	00:01'31''355 	00:00'02''702
.17º 	9 		Rubens Barrichello 	Williams 	00:01'31''464 	00:00'02''811
.18º 	17 		Jaime Alguersuari 	Toro Rosso 	00:01'31''735 	00:00'03''082
.19º 	19 		Heikki Kovalainen 	Lotus Racing 	00:01'32''161 	00:00'03''508
.20º 	18 		Jarno Trulli 		Lotus Racing 	00:01'32''990 	00:00'04''337
.21º 	20 		Karun Chandhok 		HRT 	        00:01'34''876 	00:00'06''223
.22º 	25 		Lucas di Grassi 	Virgin Racing 	00:01'35''137 	00:00'06''484
.23º 	24 		Timo Glock 		Virgin Racing 	00:01'35''583 	00:00'06''930
.24º 	21 		Sakon Yamamoto 		HRT 	        00:01'36''137

(GMM)

New commercial manager for Rosberg New commercial manager for RosbergComments Off

May 8 (GMM) Nico Rosberg has begun working with a new manager.

Werner Heinz worked alongside Nick Heidfeld for much of the German’s grand prix career.

According to Germany’s Express, Heinz will now concentrate on commercial aspects for Mercedes race driver Rosberg.

The 24-year-old already has a personal cap sponsor — the jewellery brand Thomas Sabo.

Rosberg, meanwhile, played down claims Mercedes got an unfair pre-race advantage by testing its updated W01 car at Rockingham last week.

“Oh, what?” said the German. “Those few laps on rock-hard tyres …”

Formula One Funding; Merchandise, Sponsorship And Big Business Formula One Funding; Merchandise, Sponsorship And Big BusinessComments Off

The funding of Formula 1 is a mystery for many fans and even those inside the sport’s inner circles have trouble understanding the complexities. What is generally known is that funding for Formula 1 consists of huge sponsorship, television coverage and merchandise sales. The merchandise sales are somewhat of an afterthought for sponsors but as the popularity of Formula 1 is growing the merchandise market is also on the increase.
Formula 1 is like many other sports in respect to television coverage. Advertisers will pay for slots in the TV coverage and may even sponsor a specific channel’s coverage of an event. This lucrative method brings vast amounts of funding to the organising body of Formula 1, the FIA as well as its funding company, Formula One. This is important as Formula One is in the driving seat of presenting the Formula 1 package to the public, hence it needs immense funding to carry out these roles.
The Formula 1 teams support themselves in a number of ways; the bigger teams will be able to court sponsors from some of the biggest names in business, whereas smaller teams must make do with lower profiles patrons. Teams also produce their own merchandise ranges to cater for the needs of the average fans; once again the more popular teams obviously make more money.
Venues in the Formula 1 calendar are somewhat limited with their advertising freedom. As Formula 1 is ran by a small number of big business share holders the venue bosses are pushed out of the commercial decisions. Most venues do not have the rights to place their own signage and must pay to host the race. The majority of money made by venues is in the ticket and merchandise sales once fans are inside the track.
This explains why Formula 1 tickets can be very expensive, mainly due to venue managers trying to recoup some of the 13 million dollars they fork out annually to host a race. Hosting a Formula 1 race however is more about the prestige of being a premier world race track.
Formula One is the name of the business behind the sport of Formula 1; it is these businessmen and financiers that control how each race is funded and which sponsors are given preferential treatment. They also decide how much to ‘top up’ F1 teams’ merchandise and sponsorship profits; although this is kept a secret and can sometimes cause friction between teams.
The teams in recent years have not been making enough money from merchandise and sponsorship sales and are beginning to barter for more money from Formula One. Their argument is that they are the entertainers in the sport and so should get a bigger slice of the cake, whether this will be successful is doubtable.
The drivers are not paid from Formula One funds but are employees of the racing teams. The astronomical sums that many of them receive are incomprehensible to those on an average wage, they are however the best drivers in the world and have worked hard to get where they are. The popular drivers such as Lewis Hamilton and Fernando Alonso can also sign separate merchandising deals, usually for such luxury items as watches and jewellery.
The Formula 1 gravy train is driven by the big business that is Formula One, while Bernie Ecclestone holds a small part of the power in Formula 1; the big businesses that put up a lot of the funding ultimately demand respect. The bankers of the Formula One Company balance payment and income to keep Formula 1 at the pinnacle of motor racing entertainment.
Seemingly the biggest losers in the Formula 1 world are the venues, as ticket sales are most probably the smallest income when compared with the huge TV sponsorship and merchandise deals. In what is seen as an exclusive sport for the rich, the average fan can only afford his team’s merchandise. With high ticket prices and the worldwide nature of the sport it is hard for anyone but the super rich to follow this sport closely from the trackside.


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