Jean-Eric Vergne will race formula one veteran Jean Alesi’s helmet design this weekend in Monaco.

It is Vergne’s tribute to his French countryman as former Ferrari and Sauber driver Alesi, 47, this weekend becomes the youngest ever rookie in the Indy 500.

Vergne, 22, had planned to watch Alesi from Indianapolis’ fabled stands, “but then came the news I was driving for Toro Rosso and of course that meant a clash with Monaco”.

Alesi starts the Indy 500 from 33rd and last, with the vastly-underpowered Lotus engine.

The key backer of the scheduled 2012 US grand prix insists he remains committed to the Circuit of the Americas project.

Construction in Austin, Texas, has continued amid raging local media speculation, as lawsuits are pending and questions are constantly asked about the viability of the project commenced by the now offside promoter Tavo Hellmund.

With 84-year-old billionaire Red McCombs now reportedly in the driving seat, he insisted it is “without question” he will continue to push the project forwards.

“Never has been any question,” McCombs is quoted by mysanantonio.com, after the authoritative Austin American Statesman newspaper had suggested he was on the verge of pulling out.

“I’m there for the full ticket,” McCombs insisted, although he admitted the row with Hellmund is proving a speed-bump.

“I will say we do expect to have some resolution to those issues in a timely fashion, but in dealing with the courts, I don’t know what a timely fashion is.”

He told reporters the circuit is now 60 per cent complete ahead of the inaugural November 18 race date.

Angry students could threaten next month’s Canadian grand prix.

Protests in Montreal, regarding planned university tuition fee increases, have been turning increasingly ugly and even violent, involving the throwing of glass bottles and hundreds of arrests.

According to the French language La Presse newspaper, at least one student association has specifically threatened to disrupt the F1 race, scheduled for 10 June on the nearby Il Notre Dame.

“I cannot deny that we are following this out of the corner of our eye and will continue to follow it in the coming days,” admitted race promoter Francois Dumontier.

The report said students’ chants at recent demonstrations included references to the grand prix.

At a recent meeting, one association of students approved a resolution to adopt “a weekend of disruption” aimed at “the cancellation” of the race, which represents “sexist, non-environmental and elitist” values.

“It is not clear that we will be targeted,” Dumontier insisted, “but we are an international event and are ready with a safety plan ranging from dealing with simple mischief to a wider disruption.

“The grand prix is often targeted because we are a major event. We are not worried but we have our eyes open and will work with the public authorities,” he added.

Kimi Raikkonen has revealed he would like to contest August’s rally of Finland.

F1′s 2007 world champion returned from world rallying to grand prix racing this year.

“Of course I wanted to do better. But I’m not finished. I want to go back, whether for my career or after I don’t know,” the 32-year-old told Motorsport News, according to the official WRC website.

Earlier, Raikkonen admitted he had sidelined his rallying career for now in order to concentrate on F1. Before the 2011 season, Lotus’ (then Renault) regular driver Robert Kubica was seriously injured in a rally crash, and is still yet to return to the sport.

“I’d like to do rally Finland this season as it fits with the calendar but you’ll have to ask the team if it fits in my contract,” Raikkonen said.

Money could be at the heart of the delay in Lewis Hamilton’s re-signing with the McLaren team.

Until now, the British team has indicated it wants the 2008 world champion to stay on board, while 27-year-old Hamilton insists he has no plans to leave and will turn his attention to the 2013 contract soon.

But according to Blick newspaper, McLaren is pushing to cut Hamilton’s existing contract retainer “in half” to “about EUR 10 million”.

The Swiss report said the driver is unimpressed with the negotiations so far, but at least Hamilton’s mood has improved tenfold compared with his calamitous 2011.

It is a full year since Hamilton raged about his “frickin ridiculous” track rivals in the 2011 Monaco grand prix, when he also half-seriously suggested that the stewards were targeting him “because I’m black”.

He is back on top form this season, but still yet to win a race, arguably mainly due to McLaren’s numerous team mistakes.

Reports have suggested boss Martin Whitmarsh, who insists Hamilton “deserves” to win this weekend in Monaco, is worried the mistakes might drive the highly rated racer away.

On Wednesday, however, Hamilton denied he is frustrated.

“I’m not, no. This is the way racing goes sometimes,” he insisted.

“I could easily get frustrated because I could have a healthy lead in the championship — but that’s not the case.

“I don’t want to speak too early but something has definitely changed. Whatever I’m doing is working,” he told British reporters.

“In life, things just seem a lot better and that’s enabling me to get on with my job without having any baggage.”

Paul di Resta has hinted he would leap at the chance to replace Michael Schumacher at Mercedes.

The German marque’s Brackley based chief executive Nick Fry this week earmarked impressive Force India driver di Resta, earlier a Mercedes protege, as an ideal successor should Schumacher not stay beyond his 2012 contract.

Asked about Fry’s comments and the media speculation on Wednesday, di Resta said in Monaco: “It’s always nice to have the press interest and people looking out for you, but I need to stay focused on doing the best job I possibly can.”

He told Sky Sports News: “It’s no secret that I want to be a race winner and world champion — and to do that, I need to be in a great car.”

Ross Brawn revealed on Wednesday he missed the recent Spanish grand prix to have checks on his heart.

After handing over to his Mercedes deputy Nick Fry in Barcelona, fellow Briton Brawn is back in action as the team boss in Monte Carlo.

Rumours hinted there was more to the story, but Brawn insisted to a German newspaper earlier on Wednesday that he was simply advised by doctors to take the weekend off after a night in hospital for checks.

He then told reporters in Monaco his symptoms had been “arrhythmia”, or an irregular heartbeat, insisting he is “back to normal now”.

Brawn, 57, joked the heart problem was triggered by watching an exciting football game on television.

Marussia needs a KERS system to catch up with its direct rivals.

That is the admission of team boss John Booth, who told the Russian website championat.com that he is looking into adding the energy recovery technology to next year’s Marussia package.

“First of all, I want to say that while it is said it (KERS) is a ‘green’ technology, in reality it’s just a serious waste of money,” he said.

“But in our situation it’s time to start thinking seriously about KERS. Of the gap to Caterham, five or six tenths is due to KERS,” added Booth.

“So we are thinking seriously about it for 2013, but so far there is no decision.”

Both admitted the start of the 2012 season has been a disappointment so far for Marussia, which in its first two years was called Virgin.

He said the team has recently completed a phase of serious restructuring.

“We had a good team of people before, but now we have a good team of designers. Though we have been in F1 for three years, I have the feeling that we were actually born in July 2011.”

Both is undoubtedly referring to the split mid last year with former technical chief Nick Wirth, and the relocation to a new headquarters.

Heikki Kovalainen is looking for Caterham to move into the midfield, according to his new management company.

Having handled his own career in the wake of Flavio Briatore’s demise, Finn Kovalainen recently signed up with IMG, the sports and entertainment management giant.

The 30-year-old has rebuilt his reputation since 2010 in the wake of mixed tenures for top teams Renault and McLaren.

According to IMG Motorsport’s head of clients Martin Anayi, Kovalainen is now regarded by formula one team bosses up and down pitlane as among the top best drivers.

“He is a great guy,” Anayi is quoted by Finland’s Turun Sanomat newspaper.

“Heikki’s potential is obvious and he definitely wants to succeed.”

There have been rumblings in the paddock that Kovalainen is disappointed that, despite being consistently the best of F1′s new teams since 2010, Caterham is yet to break into the midfield.

“This is only the team’s third season, so there are still some growing paints,” IMG’s Anayi acknowledged.

“Heikki has a strong desire to compete, and not just with his teammate Vitaly Petrov. The team’s boss Tony Fernandes wants to get in with the middle group.

“This means that the team needs to regularly get into the Q2 stage of qualifying and in the race be aiming for the points,” he insisted.

A favourite for victory this weekend, Pastor Maldonado is reportedly lucky to be gearing up to race in the Principality at all.

Bild newspaper recalls that the Venezuelan, who defied his ‘pay driver’ critics by winning for Williams in Spain two weeks ago, was actually banned after an horror incident on the streets of Monte Carlo seven years ago.

Racing in the Renault World Series in 2005, the then 25-year-old ignored yellow flags before striking and severely injuring a marshal.

Organisers of the Monaco grand prix reacted by banning Maldonado from the street circuit for life.

Germany’s Bild revealed that Maldonado’s wealthy father intervened, promising to pay for the marshal’s recovery and rehabilitation from a broken back.

That intervention saved Maldonado’s future formula one career, as no team would hire a regular driver that cannot participate in the sport’s most famous race.

Maldonado is therefore a favourite for victory this weekend, with his Williams now acknowledged as arguably the best in the entire field when it comes to slow-speed traction.

And in his four seasons of GP2 between 2007 and 2010, Maldonado finished on the podium each time, winning and achieving pole position twice. In 2006, he won in Formula Renault.

Last year, in qualifying for his first Monaco grand prix, he qualified his then struggling Williams in eighth place, comfortably ahead of Rubens Barrichello.

“He is very good at Monaco,” agreed Barrichello.

In the 2011 race, Maldonado was fighting for fifth when he crashed with Lewis Hamilton.

“If the last sector in Barcelona is the marker, then the Williams will be unbeatable in Monte Carlo,” Germany’s Auto Motor und Sport quotes Dr Helmut Marko as saying.

The breakthrough success in Barcelona has piqued the interest of Maldonado’s native Venezuela, having not had an F1 points scorer since the ignominious Johnny Cecotto in 1983.

“My country will be following every second of the next race,” Maldonado is quoted by O Estado de S.Paulo newspaper.

“I love street circuits, this one in particular. My style of driving fits perfectly with Monaco. I am ready to get another great result.”

Ross Brawn should be firing on all cylinders as he returns to the pitwall in Monaco this weekend.

Mercedes’ team principal sat out the recent Spanish grand prix due to illness, but a scarcity of extra information triggered speculation.

One rumour was that he is seriously ill, whilst another was that his absence may in fact be due to his German employer’s high-stakes spat with Bernie Ecclestone.

The latter theory gained traction since Barcelona, with acting team boss Nick Fry taking a much higher than usual profile, including naming Paul di Resta as a possible 2013 successor for Michael Schumacher.

Explaining his absence, Brawn told Bild newspaper: “On the Tuesday before Barcelona I felt unwell so I went to the doctor and then stayed a night in hospital for some tests.

“When I got home, I decided on the advice of doctors to give myself a weekend off, to be sure that I am fit for Monaco,” the Briton said.

Partly because of Brawn’s deputy Fry’s recent comments, and also due to his paltry points tally and his crash with Bruno Senna, rumours about Schumacher’s future have intensified since Spain.

“A lot has been said and written,” acknowledged Brawn, “but we should not forget that we – the team – have let him down in three of the fives races, not delivering the job we should have.

“We must do better,” Brawn, who worked closely with Schumacher during the seven time world champion’s ultra successful Ferrari era, added.

“We saw Michael’s real quality again in the first race, so it’s for that reason that I believe we will see him on the podium this year.”

As for a possible contract extension for the 43-year-old, Brawn insisted: “When the time comes, we will sit down together and talk about the future.

“I’m sure it will become clear very quickly in what direction we will go.”

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.

Vitaly Petrov thinks it is possible Felipe Massa will lose his Ferrari seat long before the 2012 season is over.

But Caterham’s Russian driver, who moved from Renault (now Lotus) at the end of last season, does not believe reports that Ferrari could sack the struggling Brazilian imminently, such as after next weekend’s Monaco grand prix.

“I don’t think they’ll fire Massa just now. At least not until August,” Petrov is quoted by the state owned Moscow news agency Ria Novosti.

There are six races until August’s month-long calendar ‘summer’ break.

So while Petrov thinks Massa’s career is genuinely in danger, he does not agree that Ferrari is ramping up the pressure on the 30-year-old.

“I wouldn’t say that Ferrari are criticising him that strongly,” he said. “They’re not saying he has one more chance or anything like that.”

Flavio Briatore could be readying to burst back into formula one.

Germany’s Auto Motor und Sport said the ousted and formerly banned Italian is busily writing regulations for a ‘GP1′ championship.

They could be adopted should the FIA not sign up to the 2013 Concorde Agreement, according to the report.

Apparently, the political rumblings in F1 at present are not limited to the sport’s planned floatation, or Bernie Ecclestone’s spat with Mercedes.

Cost-control is also a buzzword. As reported recently, the vast majority of F1′s teams want the FIA to enshrine cost-cutting in the actual sporting regulations, even to the point of pushing for a once highly-controversial budget cap.

F1 chief executive Ecclestone, however, is not famously close with the FIA’s new president Jean Todt, and according to Auto Motor und Sport he is not convinced that the Paris federation needs to write and control the rules.

Enter Briatore. The German report said Ferrari will be a fan of the former Renault chief’s rumoured regulations, as they steer away from the premium on aerodynamics.