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.”

Nineteen years of formula one did not prepare Rubens Barrichello for his first taste of driving an Indycar on a high speed oval.

The former Ferrari driver, who switched categories for the 2012 season after losing his Williams race seat, tested at the Texas Motor Speedway on Monday.

“It was bloody fast,” he is quoted by the Associated Press, “and very, very much different than anything I have ever tried.

“I’ve had places that in formula one that they say ‘Oh, it’s almost flat and it’s a big corner and it’s a big challenge’. But the walls were never so close,” the 39-year-old Brazilian enthused.

Barrichello’s teammate Tony Kanaan admitted it was “fun” and a rare sight to see his close friend “nervous” prior to getting into a racing car.

“It was quite exciting to see how excited he got, and how happy he got out of the car saying how awesome it is,” he said.

Jerome d’Ambrosio has revealed he could drive one of the Lotus cars during Friday morning practice sessions at some point in 2012.

The former Virgin driver, who is managed by Lotus boss Eric Boullier’s Gravity company, was appointed as the team’s third and reserve driver for this year.

But, until now, it was not known if the role would involve Friday morning practice duties.

Asked by the La Libre newspaper when he will be seen on the grid once again, Belgian d’Ambrosio answered: “I hope in 2013.”

He will get his 2013 campaign up and running on Tuesday, when he gets the chance to drive Lotus’ current E20 for the first time at the Mugello test.

The 26-year-old said on Monday: “I will try to show what I can do every time I have the opportunity, not only tomorrow but also during the Friday morning tests that I can participate in.”

D’Ambrosio admitted he would rather be racing this year, but insists that his role at Lotus is a good stepping stone.

“I’m not complaining,” he said. “I remain convinced that my decision to become a reserve driver with a big team was the best thing for me.”

And he insisted he is not jealous of the similarly-aged Romain Grosjean, who took the E20 to the podium in Bahrain recently.

“Honestly not,” said d’Ambrosio. “I would be a fool to think that if Romain had crashed twice more I would replace him in Barcelona.

“Instead, what Grosjean has done confirms that young guys can be trusted. I am glad to see him succeed.

“I don’t come to grands prix hoping one of my teammates is hurt. I’m here to learn, not to laugh.”

He thinks Lotus could win a race in 2012.

“It’s possible, yes,” said d’Ambrosio. “The E20 works well when it’s hot, degrading the tyres not too much.

“In Bahrain, we had the best car in the race. We cannot afford to miss opportunities.”

Rumours that a top English premier league football club is entering formula one as a sponsor have proved correct.

Ever since Sauber has been running teaser ‘Out of the blue’ and ‘True blue’ graphics on its engine cover livery in China and Bahrain, speculation about the identity of the forthcoming sponsor have been swirling in the F1 paddock.

We reported the rumour that the deal could be with the Russian billionaire Roman Abramovich, to promote his football club Chelsea.

Swiss F1 team Sauber confirmed the “new and innovative partnership” on Monday.

“The C31 sporting the blue logo of Chelsea FC will be seen for the first time at the Spanish grand prix,” the Hinwil based team announced in a media statement.

“A partnership like this between formula one and football has never existed before in this form, yet there are numerous commonalities and possible synergies,” said Sauber chief executive Monisha Kaltenborn.

The statement said Chelsea will in turn display Sauber’s logo on its advertising boards and interview walls, ensuring one another “a significant market presence outside their original sport”.

With the F1 world now returned from Bahrain, the sport is assessing the fallout of one of the most controversial grands prix in history.

The drivers were conspicuously quiet over the saga in the island Kingdom, but – with no contract tying him down – former Force India driver Adrian Sutil admitted he was glad he was not there.

“In a situation like that, it is probably better not to go,” the German said on Sky Deutschland.

“On the one hand, the decision was made (to go to Bahrain), on the other hand, it’s very difficult when there are so many problems in a country.”

Red Bull reserve driver Sebastien Buemi, who has family living in Bahrain, does not agree at all.

“I arrived on Monday and I had no problem — maybe there were a few more police than two years ago, but nothing happened to me,” the Swiss insisted on Austrian Servus TV.

Force India and Sauber, however, witnessed Molotov cocktail attacks on their treks to and from the circuit.

And Caterham team spokesman Tom Webb told the Sun that there was “one minor incident when one of our (hire) vans slowed down in traffic and its occupants saw a local youth on the side of the main road brandishing a bottle with a rag stuffed in its neck”.

World champion and race winner Sebastian Vettel also admitted the feeling was tense in the paddock throughout the weekend.

“It was not easy for anyone,” the Red Bull driver admitted, according to SID news agency, “but I’m glad that nothing happened to any of us (in F1).”

And the Telegraph quotes Vettel adding: “Hopefully, we come back in the future when everything’s a little bit safer.”

Reuters reports that Vodafone, the main sponsor of the half Bahrain-owned McLaren team, sent no staff to the country and expressed concerns to the British outfit.

But Jim Wright, an F1 sponsorship expert, told the Guardian that he thinks while the sport’s image took a beating last weekend, sponsors will be happy.

“Most teams handled a difficult decision very well,” he said. “On that basis I think a lot of people would be pleased with that and happy to get involved with them.”

The television audience was also unaffected – even boosted – with the BBC reporting more viewers for Bahrain than Australia and Malaysia, and Germany revealing similarly strong figures.

Still, there remains criticism.

“Now is an opportunity to reflect,” former F1 driver Alex Zanardi told Tuttosport, “and make sure that major sporting events are assigned only to governments that deserve the honour of hosting them.

“Ecclestone is brilliant and has made formula one what it is, but he can’t administer races at any cost and above all else,” insisted the Italian.

Due to security fears, Force India sat out a practice session on Friday so that staff could return to their hotels in daylight.

F1 chief executive Bernie Ecclestone was reportedly enraged, and according to rumours got his revenge by instructing Formula One Management’s television cameras to ignore the Silverstone based team’s cars in qualifying.

“There was a bit of fuss about what we did,” deputy team principal Bob Fernley is quoted by Spain’s AS newspaper, “and it was not easy, but I think it turned out to be the right response.

“We had a lot of pressure, our attitude was not well received,” he confirmed, “but I think that we had a duty of care to our employees, and to do the right thing by the team.”

Tyres. The political dramas aside, that word utterly dominated the Bahrain grand prix weekend.

Afterwards, Michael Schumacher admitted he was “unhappy” with the situation.

“Sometimes we are driving only 60, 70 per cent through the corners,” he is quoted by Bild newspaper.

Pirelli did not take the criticism lightly, insisting it has made Canada 2010-style, heavily degrading tyres to order, for the benefit of the ‘show’.

Motor sport director Paul Hembery on Monday ‘re-Tweeted’ a message from a follower accusing the seven time world champion of having thrown “his toys out of the pram”.

Moreover, Pirelli said Bahrain is perhaps “the most demanding” on the entire calendar when it comes to degradation.

“As a result, knowing how to manage the tyres and contain thermal degradation was a vital skill” on Sunday, the Italian marque said in a statement.

On Twitter, The Times’ correspondent Kevin Eason called Bahrain an “excellent race, although I am not sure we haven’t moved from tyre management to lottery”.

The roulette wheel didn’t spin up for McLaren – the team with arguably the best overall car so far in 2012 – on Sunday.

“Nobody has added a second to their cars in just a week after China,” lamented Jenson Button, “but here we were a second off the pace.”

His boss Martin Whitmarsh told Auto Motor und Sport: “Maybe it was the pressures, maybe the temperatures. We really don’t know.”

The German reporter said Whitmarsh’s comment indicates an “uncomfortable realisation” for such a scientifically meticulous team.

Whitmarsh agreed: “It is now more important to understand the tyres than to find a bit more downforce.”

The tyre marque’s test driver Jaime Alguersuari told Mundo Deportivo newspaper that Pirelli deserves credit, not criticism.

“Pirelli is largely responsible for making F1 the most spectacular it has been in a decade,” said the young Spaniard.

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.”

The FIA appears to have waded back into the ‘F-duct’ debate, indicating that the Mercedes-style solution is fully legal.

We reported on Monday that the saga looked set to continue into China next weekend, with some teams – notably Red Bull and Lotus – questioning the legality of the aerodynamic innovation.

It had emerged that Lotus technical director James Allison has come up with another argument against the technology that will be posed to the FIA’s Charlie Whiting ahead of scrutineering in Shanghai next week.

Christian Horner insists Red Bull and Lotus’ concerns are shared by others.

“Believe me it’s not just Red Bull, I think there’s half the paddock that’s been looking at this,” he told British television Sky Sport’s The F1 Show.

The Red Bull team boss revealed that Whiting left Malaysia wanting “to have a think about it”.

So, the latest development is the re-release via the FIA website of an “edited version” of the technical briefing that Whiting gave to reporters in Australia last month.

It is believed the complaining teams’ main objection to the Mercedes system is that it arguably uses ‘driver movement’ – the pressing of the DRS button – to be activated.

Under the heading “Pressing the DRS button and the issue of ‘driver movement’”, the media briefing quotes Whiting as stating simply: “This is specifically allowed (in the rules).”

Mercedes’ Ross Brawn is quoted by the BBC: “We call it the DRS, because that’s all it is. The purpose of the DRS is to improve overtaking and that’s what we’re trying to do.”

Whiting’s stance in China, however, may not be the end of it.

“Then the teams are faced with alternatives,” Horner explained. “Either accept it and get on it and maybe look at your own solution if that fits your car.

“You’ve got the opportunity to protest if we were to feel – or any other team were to feel – that we didn’t agree with Charlie’s interpretation,” he added.

 Rival formula one teams complained when Sky News published a report suggesting Ferrari and Red Bull will receive special deals for the next Concorde Agreement.
There has been speculation the Bernie Ecclestone-headed Formula One Management ordered the article be pulled from the internet because it divulged secret plans about the teams’ deals and a $10 billion stock market floatation.

But the Financial Times (FT) reports that it was parent company BSkyB’s chief executive Jeremy Darroch who intervened because the article “had upset formula one racing teams”.

The producer of Sky’s new dedicated F1 channel reportedly “called his bosses from Melbourne”, where the broadcaster was making its debut as Britain’s new full-time live host.

He said “the article had caused a strong negative reaction from some F1 teams”, people familiar with the situation reportedly told the FT.

“The piece was withdrawn for further review,” a BSkyB spokesman confirmed. “We stand by the story and, following that review, took the decision to re-publish on Monday.”

The teams alliance FOTA, which no longer involves Ferrari and Red Bull, reportedly met in the Melbourne paddock on Sunday “to discuss how to respond to the (Sky) report”, the FT continued.

The fact the Geneva-based body no longer features two of the major top teams apparently gives Bernie Ecclestone the opportunity to agree deals with them, forcing their rivals to follow suit.

“FOTA can’t sign anything with anyone,” Ecclestone scorned, before declining to discuss the reports of Ferrari and Red Bull’s special deals.

Ferrari and CVC also declined to comment, but an unnamed senior team executive dismissed the apparent deals as “a pipe dream”.

Another said the story was a typical example of Ecclestone’s “divide and conquer” tactics.

Norbert Haug on Monday played down reports Mercedes could be set to be a shock title contender in 2012.
Some new analysis in the sport’s specialist media claims the W03, to be raced by Michael Schumacher and Nico Rosberg this season, was actually quicker than all comers in the crucial ‘long runs’ during recent pre-season testing.

But Haug, Mercedes-Benz’s motor sport vice-president, insisted it is unlikely the former Brawn, Honda and BAR team can leap from fourth in the constructors’ world championship to first in just a single bound.

“You don’t go from the the creation and restructuring of a team to (winning) the world championship in two years,” he is quoted by SID news agency.

“The reigning world champions (Red Bull) didn’t, and we didn’t either (as engine supplier) with McLaren.

“You just have to accept this building-up period,” added the German.

Pedro de la Rosa insists he is not afraid to admit he will tackle next weekend’s Australian grand prix at the wheel of the “worst” car.
“We will have a difficult year,” said the veteran Spaniard, who is yet to actually drive HRT’s newly-launched F112.

“It will also be interesting because the team is 80 per cent new,” added the 41-year-old former Arrows, Jaguar and Sauber driver, who for years was McLaren’s main test driver.

“We should not be afraid to admit that we are the worst, but we must have the ambition to not stay that way,” he told Antena 3 television.

“Our goal is to finish races, stop being the last across the line and to grow, trying to close the gap to pole position.”

The next stop, he said, is the Melbourne pitlane.

“The team is packing up everything and preparing a second chassis. Tomorrow night it is all put onto planes and sent to Australia.

“I leave on Monday,” revealed de la Rosa.

 Marussia’s 2012 car will be on the Melbourne grid next weekend, after the MR01 finally passed a missing FIA crash test.
The former Virgin team’s Cosworth-powered car sat out the entire official pre-season period due to a new regulation in 2012 requiring single seaters to be fully homologated before they can even be tested.

The MR01 finally made its track debut on Monday and Tuesday, due to a loophole allowing limited running on demonstration Pirelli tyres for filming purposes even when the mandatory crash tests have not been passed.

But finally, late on Tuesday, Marussia announced that the crash tests have now all been passed.

“After a challenging few weeks for the team, we are pleased to have overcome the last hurdle of the final FIA observed crash test, which we passed today,” said technical consultant Pat Symonds.

“Whilst we have a lot of catching up to do, we take heart from the fact that everything is back on a more positive trajectory,” Renault’s former engineering director added.

 Valencia president Alberto Fabra has admitted it is possible the Spanish port city will annually alternate its F1 race date with Barcelona.
Amid Spain’s worsening economic crisis, organisers of the Circuit de Catalunya’s Spanish grand prix last year proposed a Germany-style sharing of a single race date, alternating between the venues every year.

Valencia, however, turned down the initial proposal, but Barcelona officials this week suggested that talks are back on.

Indeed, Valencia’s regional president Alberto Fabra confirmed to EFE news agency on Monday that alternating with Barcelona “is one of the alternatives”.

He warned that an agreement “is not yet done”, because the issue will need to involve F1 chief executive Bernie Ecclestone over the course of “the coming weeks”.

“We’re still in negotiations, waiting for a proposal with Ecclestone,” added Fabra.

 The 2012 grid is complete, after backmarkers Marussia and HRT finally revealed their new cars on Monday.
Former Virgin team Marussia rolled out its MR01 at Silverstone, while HRT’s F1112 was also running on demo Pirelli tyres for a ‘filming day’, at Barcelona’s Circuit de Catalunya.

At 5pm, the struggling Spanish team’s car managed ten laps with Narain Karthikeyan at the wheel.

“The first impressions are quite good,” said the Indian driver. “It’s definitely a step up from last year.”

Monday was HRT’s first ever winter test run with a new car, since the team’s inception in 2010.

Bernie Ecclestone is not close to lifting his foot from the throttle.
That is the view of the outspoken triple world champion and F1 legend Niki Lauda, admit the latest rumblings about the sport’s future beyond the 81-year-old Briton’s long reign.

It emerged on Monday that David Campbell, the new head of F1′s trackside advertising company Allsport as well as the Paddock Club, had left the role after just a year.

He had been tipped as a likely successor to chief executive Ecclestone, and so his departure sparked new speculation about F1′s next ‘supremo’.

But Lauda, denouncing the rumours as “unnecessary”, told Austrian television ORF’s Sport am Sonntag: “The end is not in sight for Bernie.

“This discussion has been around for ten years, since he turned 70 — everyone saying he won’t be around for much longer.

“On the contrary: I met with him just recently, he’s in high spirits and he keeps doing what he is doing for as long as he wants to — and I see absolutely no end,” the Austrian legend added.