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.”

Formula one is worth about $8 or $9 billion, as the sport’s owner CVC confirmed it has this week sold a 21 per cent stake to new investors.

News of the sale coincided with the launch of pre-marketing ahead of one of the biggest ever sports floatations, data by the financial experts Thomson Reuters shows.

“It’s cheap compared to Facebook,” chief executive Bernie Ecclestone told reporters on Tuesday, confirming that the Singapore IPO looks set to go ahead soon “with no dramas”.

“All the things that have to happen have happened. It will be finished by the end of June,” the 81-year-old is quoted by the Telegraph.

F1′s new one-fifth owners are US managers Waddell and Reed, the powerful Blackrock and Norway’s central bank Norges.

“It’s a great way to start the IPO and lets investors know what they can expect,” said Ecclestone.

The diminutive Briton said he is keeping his 5.3 per cent stake, and staying in charge. His former wife Slavica controls another 8.5pc, the news agency Bloomberg said.

“You might as well have asked Frank Sinatra who he would appoint to replace him,” Ecclestone insisted.

CVC said in a statement that is remains F1′s biggest and controlling shareholder.

Ferrari has played down rumours it is close to immediately ousting Felipe Massa, insisting it is possible the struggling Brazilian will still be in a red car next year.

On Twitter, the famous Italian team said the latest rumours – including a claim that former Virgin driver Jerome d’Ambrosio is a candidate to replace Massa in 2012 – are “funny”.

But it was Ferrari itself who fuelled the speculation, publishing a statement on its website that read like a warning to Massa.

“It was a very carefully-worded statement, wasn’t it?” said Telegraph correspondent Tom Cary.

“The way this crazy season is going, I really would not be massively shocked if they ditched him mid-season.”

The Swiss newspaper Blick said Monaco next weekend could be the 30-year-old’s last chance to up his game.

And the candidates are lining up.

“Ferrari knows that I’m ready. If they need me or they want me, then they will call me,” Adrian Sutil, who accompanied his manager to last weekend’s Spanish grand prix, said.

The Spanish newspaper El Mundo said some paddock pundits believe “the only reason” Massa still has its seat is because the “name Todt” – a reference not only to Massa’s manager Nicolas but to the FIA president – has a “protective arm” around him.

Ferrari spokesman Luca Colajanni told Brazil’s O Estado de S.Paulo newspaper this week: “Felipe has the full confidence of the team, starting with our president.

“We have not decided who will be our driver in 2013 but Felipe is not ruled out,” he insisted.

Indeed, while some believe Ferrari has hung a sword of Damocles above Massa’s head, others think the Maranello based team have been patient since the Paulista’s recovery from his near-fatal head injuries of 2009.

“We have no evidence that makes us think that Felipe has slowed down because of the accident. Zero,” Colajanni said.

F1 doctor Gary Hartstein agreed: “An experience like that (Hungary 2009) changes you, but you can’t say that’s why Felipe has not won again.”

The oddest element of the 2012 season so far is that the unlikeliest of candidates could now be genuine title contenders.

Before the Spanish grand prix weekend, Pastor Maldonado was a commonly derided ‘pay driver’ with 500-1 odds of winning in Barcelona, and just a single point to his name in 2011.

Now, he is F1′s newest pole-getter and race victor, and genuinely regarded as a potential contender for the world championship.

And Dr Helmut Marko, the reigning world champion Red Bull’s motor racing manager, said: “If the Williams really has traction that good, then Maldonado will run rings around everyone in Monte Carlo,” he is quoted by Auto Motor und Sport.

Maldonado travelled straight from Spain to Caracus, where he was being quizzed by the local media as to his chances of a back-to-back victory repeat in Monaco next weekend.

“I think it’s going to be a great opportunity for us to be strong again,” he said.

Two days after winning in Spain, Williams is scrambling to put together the equipment it needs to contest next weekend’s Monaco grand prix.

Mere hours after Pastor Maldonado secured the once-great British team’s first victory since 2004, a huge fire broke out in the pits, leaving one team member still in a Barcelona hospital with burns.

“His family are in constant communication and he is in good spirits,” Williams said in a media statement.

The Oxfordshire based team is now making efforts to ensure it can race in Monte Carlo, having lost a lot of equipment in the fire.

Mercifully, however, Bruno Senna’s car appears to have survived, with the Finnish broadcaster MTV3 saying an initial inspection of the chassis showed no devastating damage.

Maldonado’s winning car was in parc ferme at the time of the incident.

“We had a lot of damage and lost a lot of equipment, including IT equipment,” chief operations engineer Mark Gillan said, according to the Daily Mail.

“Over the next couple of days we will be looking at where we are parts-wise.

“We will have everything we need to run operationally at Monaco, but we may be missing a few of the extras because obviously we don’t carry a complete set of spares for everything,” he said.

It is believed more than one rival team has offered to help Williams by loaning the Sir Frank Williams-led outfit any equipment it needs.

A McLaren spokesman confirmed the Woking based team has offered to help.

Germany’s Bild newspaper said Williams’ damage bill runs into the millions.

Team manager Dickie Stanford denied a rumour the fire was caused by a cigarette in the vicinity of Senna’s fuel tank while it was being emptied.

“We don’t know the cause, but we would never allow smoking in the pits,” he insisted.

Williams and F1′s governing FIA are investigating.

Bernie Ecclestone claims he is close to reaching an agreement with Mercedes over the future of the German marque’s involvement in formula one.

The parties have been at loggerheads over the F1 chief executive’s refusal to offer to Mercedes the same Concorde Agreement deal reached with other top teams Ferrari, McLaren and Red Bull.

In response, it has been suggested not only that the situation threatened the sport’s floatation plans, but that Mercedes could sensationally quit F1 at the end of this year.

“We are now 80 per cent there,” Ecclestone told the German newspaper Bild am Sonntag in Barcelona.

“The other 20 per cent, we will get there soon,” he added.

“We have spoken with several Mercedes managers. I am sure we will see more of Mercedes in formula one.”

Bild said the deal being discussed between Ecclestone and the Stuttgart based carmaker will see Mercedes in F1 at least through 2020.

Norbert Haug, however, sounded surprised.

“I have to apologise, but we don’t want to give any information at the moment about the state of the negotiations,” Mercedes’ motor racing vice-president insisted.

Despite not topping a Friday timesheet in Barcelona, one specialist publication sees Lotus as the favourite for Spanish grand prix victory.

Germany’s Auto Motor und Sport said the ‘long run’ pace of the black and gold E20 was studied carefully after Barcelona practice.

“Kimi Raikkonen made a great impression on the critical soft tyres,” the report read.

“First, it (the field) is incredibly close. Second, Lotus could win its first grand prix here.”

If true, the former Renault team would become the fifth different winning constructor in the opening five races of the extraordinary 2012 season.

“Our biggest opponent for Sunday is not Red Bull,” an unnamed McLaren engineer is quoted as saying. “It’s Lotus.”

And another surprise pacesetter is Sauber. “Over 15 laps we were better than Red Bull,” team manager Beat Zehnder enthused.

“If everything goes right, we can be on the podium,” he is quoted by the Swiss newspaper Blick.

Agreed McLaren’s Jenson Button: “The Lotus, Sauber and Williams look very strong.”

But in reality, in F1′s new guise of 2012, no one knows what is going to happen on Saturday and Sunday.

“Lord knows what will happen here tomorrow,” wrote The Times’ Kevin Eason. “Well, perhaps He is the only one who does know what is going on — F1 hasn’t a clue.”

HRT Formula 1 Team incorporates Kyocera Document Solutions as its Official Supplier through a collaboration agreement for the 2012 season. The Spanish team will count on Kyocera’s services, which include needs for management and printing of documents, both at the team’s permanent offices in the Caja Mágica and at the mobile offices that travel throughout the world during the Formula 1 season.

Kyocera Document Solutions has a vast experience in the sporting world and, even more so, in the motorsport one, since it’s responsible for the management and printing of documents at the F1 and MotoGP Grands Prix at the Circuit de Catalunya, Valencia Street Circuit and Motorland Aragón. At all of these Kyocera offers high quality devices and services that adapt to the rigurous demands that any F1 Grand Prix has, meeting the demands of the media office and the organization at the circuit itself, including a permanent 24-hour service.

The ceramic components of Kyocera are not only integrated in our printing devices, giving them a greater durability and resistence, but they are also present in many other industries, such as some F1 cars where there are parts incorporating Kyocera’s ceramic components that have to cope with extreme temperatures.

HRT Formula 1 Team continues to progress firmly towards its objective of consolidating itself and growing and it now takes another step forward thanks to the partnership with the multinational Japanese company Kyocera. It’s another support for the young Spanish outfit who, thanks to the seriousness and hard work that it proves day by day, has more national and international companies willing to back HRT, contributing to its consolidation and progress in the pinnacle of motorsport.

Óscar Sánchez, KYOCERA Document Solutions General Manager: “A team such as HRT Formula 1 Team needs to be backed by the most advanced and reliable technology during the most demanding of championships. Kyocera has the latest printing machinery and a highly experimented staff, which makes us a leader in offering documentary services at any sporting events”.

Luis Pérez-Sala, Team Principal HRT Formula 1 Team: “Count on a renowned multinational company as Kyocera is amongst our partners gives us a confidence and calmness of great value for our day to day work. That calmness enables us to focus on pure competition aspects knowing that our backs are covered. Our needs in terms of printing, copying and scanning are high because the engineering, operations, marketing and communications departments are continuously putting the machines to the test and it is of vital importance that this work is not interrupted. In Formula 1 you work to the limit and Kyocera gives us the support and confidence needed to be able to do it”.

ABOUT KYOCERA DOCUMENT SOLUTIONS

KYOCERA Document Solutions is one of the world’s leading management solutions and document printing companies in the world. With a staff of almost 15,000 employees, its range of products and services includes ECOSYS printers, reliable multifunction printers, high-quality printer supplies, an array of software solutions and managed document services. KYOCERA Document Solutions offers innovative products built with long lasting components. Its clients benefit from the market’s lowest total cost of property and from the highest efficiency in any working environment. Its portfolio of solutions and its managed document services contribute not only to reduce the environmental impact but also to improve the efficiency and reliability of business.

The Spanish windscreen repair and replacement company and HRT Formula 1 Team have signed a collaboration deal for Cristalbox to become a new sponsor of the Spanish outfit for 2012. Cristalbox, who have already been linked with the motorsport world for a few years, have decided to extend this link and have taken a step into Formula 1 alongside HRT Formula 1 Team, with the objective of supporting the Spanish team’s project in the pinnacle of world motorsport.

The deal with which Cristalbox joins the team as a sponsor has a one year duration and the glass repair company has bolstered its commitment to HRT’s project by completing a spectacular glazing job at the new Caja Mágica headquarters in Madrid. The creation of a curtain wall at the team’s workshop supposed the installation of more than 25,000 kilogrammes of specially fabricated glass and will enable the team to make the most of the sunlight and environmental conditions.

Just like the conditioning of the other project areas at the Caja Mágica facilities, the installation and reinforcement of the curtain wall has been completed in under a month, thus proving the capacity of the Spanish company to expand its services.

Javier Celaya, Cristalbox General Manager: “A passion for cars is in the genes, the DNA, of our brand and top level competition reflects the essence of Cristalbox’s values: precision, speed, safety, resistance, reliability…From an advertising point of view, after two years sponsoring Formula 1 broadcasts, this was the logical evolution: to form a part of the competition. With HRT we can support a credible Spanish project in the pinnacle of motorsport and strengthen the reach of our brand to our targets”.

Luis Pérez-Sala, HRT Team Principal: “Formula 1 is all about technology and speed, two basic principles which we share with Cristalbox. They are a leading company in our country and we’re proud that they decided to fully submerge in Formula 1 alongside us and fully back our project. I want to thank them for the trust they have put in us and also for the extraordinary efficiency with which they have completed the structure and glazing of the workshop area in our new headquarters at the Caja Mágica. It was a structural and temporal task and they passed it with flying colours. We hope to overcome many other tasks alongside them this year”.

Olivier Panis is happy with the early progress of French rookie Charles Pic’s 2012 season.

Panis, the 1996 Monaco grand prix winner and veteran of over 150 formula one races, now manages the career of 22-year-old Pic on behalf of the Lagardere group.

“I had the chance to talk with Ron Dennis on the grid,” the former Toyota racer and McLaren test driver Panis told RMC, “as he had come to see him (Pic).

“It shows that nobody is indifferent to what he is doing so far.”

Panis, 45, revealed that Pic is also spending “a lot of time” in McLaren’s driver simulator, thanks to the technical agreement between Marussia and McLaren.

“He is building an image slowly, which is positive. He has earned the respect of the paddock, and now we have to continue,” Panis added.

A spat between two Britons could drive the German giant Mercedes out of formula one, according to a new media report.

F1 chief executive Bernie Ecclestone recently confirmed he is at loggerheads with Mercedes over the next Concorde Agreement.

But at the same time, he insisted that the Stuttgart marque is “very important to formula one. I have always supported them and I will always,” he is quoted by Auto Motor und Sport.

Indeed, Mercedes has its own and newly-winning works team, powers the marquee McLaren outfit, and also supplies engines to Force India.

Ecclestone’s dispute is with fellow Englishman Ross Brawn, who is the Brackley based Mercedes GP team’s principal.

“I have spoken to the team manager (Brawn) about it (the dispute) and he seems to believe that the team has won a few world titles and about 80 races since the Tyrrell days,” said the 81-year-old.

Sport Bild reports that Ecclestone is refusing to give in to Brawn’s demands for extra Concorde Agreement entitlements for past title successes and history.

The magazine said the relationship has become so intense that Ecclestone has even refused to give a joint interview with Brawn.

“He (Brawn) was never very nice to me,” the F1 ‘supremo’ is quoted as saying.

The German report said there is a risk Mercedes will, as a result of the ‘ice age’ between the British duo, pull the plug on its entire F1 involvement.

Force India deputy boss Bob Fernley has dismissed reports the Silverstone based team could pull out of the controversial Bahrain grand prix.

Two members of the team were allowed to return to Europe this week following a Molotov cocktail attack en route from the Sakhir circuit to the hotel.

There were high-level meetings involving Force India on Thursday, sparking speculation the entire team could follow its frightened members back to the UK.

But Fernley, admitting that security has been ramped up after the incident, is quoted by Express newspaper: “We are definitely taking part, that is decided.”

Bahrain’s information affairs authority also released a statement featuring quotes by Bernie Ecclestone.

“I have no knowledge of any teams planning to withdraw from the race and we are all looking forward to racing in Bahrain,” the F1 chief executive said.

According to Telegraph correspondent Tom Cary, however, another incident like the one involving Force India this week could force F1 to change its decision to go ahead with the race.

“If that happened again and someone was injured then that’s the nightmare scenario for organisers as it might push the teams over the edge,” he said.

Many drivers, like Kimi Raikkonen, have said the situation is normal this weekend in Bahrain, but Cary does not agree.

“Normally there would be PR events in town, you know, ‘meet the fans’ and that sort of thing but certainly as far as I’m aware there aren’t any of those happening,” he said.

World champion Sebastian Vettel said he will be happy when track action begins on Friday.

“I think it’s not a big problem,” the German said when asked about the security situation this weekend, “and I’m happy once we start testing tomorrow because then we worry about the stuff that really matters — tyre temperatures, cars.”

Earlier, Vitaly Petrov’s manager indicated the Russian would only travel to Bahrain if F1 could guarantee his safety.

“If it was dangerous they wouldn’t let us in,” the Caterham driver told The National in Bahrain.

“If they make sure nothing gets thrown onto that track to hurt us, then we’ll be fine. We are here; if it happens, it happens,” added Petrov.

In fact, almost everyone in Bahrain has been reluctant to comment in detail, but there is an obvious feeling of unease.

Peter Sauber told Blick newspaper: “I feel like a guest, and so it is not polite to criticise your host.”

But 1996 world champion Damon Hill allowed himself some criticism of F1, including the sport’s most powerful figures, Bernie Ecclestone and Jean Todt.

He pointed out that FIA president Todt has said “next to nothing” about the Bahrain saga.

“This I find baffling,” Hill wrote in the Guardian. “Surely it is possible to condemn acts of inhumanity without taking a side?”

As for F1 chief executive Ecclestone, who has consistently trivialised the Bahrain issue, Hill noted that “few” in the paddock “dare to publicly disagree” with the imperious 81-year-old.

“Perhaps we should (criticise him), instead of just muttering under our breath, scared of losing our passes,” said Hill.

Hermann Tilke, the German architect who designed the Sakhir circuit, sees the entire saga as a storm in a teacup.

“It is safe in Bahrain,” Tilke, whose company has an office there, told the Kolner Express newspaper. “I’ve never heard about any problems from our people.

“Of course there is some unrest, but it is protests, not civil war. As Bernie Ecclestone has said, we do sports, not politics,” he insisted.

“And if they demonstrate peacefully now, the media will report on it, so both sides benefit.”

Nico Hulkenberg insists he is happy in formula one without his famous manager Willi Weber.

After a year on the reserve bench, the German returned to the grid in 2012 with Force India, but no longer represented by Weber, the famous former manager of the Schumacher brothers.

“There were a few reasons why I separated with Willi Weber,” Hulkenberg told spox.com.

“Now I’m doing it without some new management,” he explained. “I have assistants, because of course I can’t do everything by myself.

“It’s going quite well at the moment.”

Hulkenberg, 24, is not the only F1 driver without a manager, as Kimi Raikkonen now handles his own career.

“I have (also) taken Sebastian Vettel and Nico Rosberg as role models,” admitted Hulkenberg.

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.

Dr Helmut Marko has admitted Red Bull has work to do in order to return to the front in formula one.

Having dominated F1′s recent history, the energy drink owned team is now behind McLaren in the constructors’ standings after two races in 2012, while its highest placed driver is Mark Webber in fourth.

Austrian Marko, the motor racing advisor to Red Bull mogul Dietrich Mateschitz, insisted that Adrian Newey and his technical team have built a good car for 2012.

“But it doesn’t help,” he told Salzburg television channel Servus TV, “if we are the fastest only in certain conditions, rather than consistently.

“To tell you the truth, at the moment it’s almost as though the car decides when it is the fastest, and when it is not,” Marko said during the ‘Sport und Talk aus dem Hangar-7′ programme.

The outspoken manager also vigorously defended Sebastian Vettel in the wake of the Narain Karthikeyan affair, after Red Bull’s world champion lost his temper with the HRT driver following a clash in Malaysia.

Marko firmly pointed the finger at F1′s backmarkers.

“We have told our team manager to talk to both Marussia and Hispania about getting their drivers to simply pay more attention,” he said.

“They are driving in another league, they’re six or eight seconds slower, and so they need to watch out more than they do.

“They are 12 points Vettel lost that could be crucial in the world championship,” added Marko.

He also fended off the claim that Vettel’s behaviour in Malaysia, featuring the display of middle fingers and calling Karthikeyan an “idiot”, was not worthy of a role model.

“You’ve just been in a race, you’ve seen the chance of possibly a third place go away — you’re naturally upset because he’s a human as well.

“I think we can understand an emotional reaction,” added Marko.