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.”

More than half of Michael Schumacher’s German compatriots think the seven time world champion will return to retirement at the end of this year.

After three years of retirement, the 43-year-old returned to F1 in 2010 on a three-year Mercedes contract, which runs out in 2012.

SID news agency commissioned the German market research company Promit to carry out a survey as to whether respondents think Schumacher will quit at the end of this year.

55.4 per cent answered yes, while only 26.2 per cent said they think Schumacher should sign on for at least another season.

The winner of a record 91 grands prix has failed to see the chequered flag in three of the five races so far this year, finishing just tenth in both Malaysia and Bahrain.

In contrast, teammate Nico Rosberg’s three top-seven finishes in 2012 included pole and victory in China, netting him 41 points compared with Schumacher’s 2 overall.

“I don’t think we can write him (Schumacher) off yet,” insisted Telegraph correspondent Tom Cary this week.

“His pace hasn’t been bad and he started the season very well. (He) was unlucky in quite a few races, his wheel fell off when he was running second in China and could have had a big haul of points.

“He is making mistakes in wheel-to-wheel racing though. But if he gets a few decent finishes or even wins a race then we could see him continue (in 2013),” added Cary.

Preparations for the inaugural Russian grand prix in 2014 appear to have hit a roadblock.

We reported last weekend that rumours were circulating in the Barcelona paddock that the Sochi race now appears “doomed”.

The state owned Moscow news agency Ria Novosti now reports that political issues have created “serious delays” in the race’s preparations, according to an adviser with the Russian Automobile Federation.

The official, Igor Yermilin, insisted that the project is not doomed, but he said very few efforts have taken place following the bureaucratic reshuffling of the local Krasnodar region.

He said some officials of the Omega company, responsible for the F1 circuit project, have lost their jobs.

“In the Krasnodar region there has been have been quite serious changes in the leadership,” Yermilin said, “including people from Omega who signed the contract on holding the Russian grand prix”.

The coastal city Sochi is also scheduled to host the 2014 Winter Olympics.

“The main thing at the moment is the Olympics — the grand prix is on the back burner,” said Yermilin.

Even amid the chaos of the 2012 pecking order, the star performer is obvious.

That is the view of former F1 driver Christian Klien, who confirmed to the Austrian news agency APA that one of his current roles is a simulator driver for the sport’s latest winning team, Williams.

“It (2012) is very open,” he said, “but for me Fernando Alonso stands out.”

Equal with Sebastian Vettel, Spaniard Alonso is at the top of the drivers’ world championship, a full eight points clear of Lewis Hamilton.

The Spaniard’s car has been the struggling Ferrari F2012, but he has never finished a race this season lower than ninth (China).

He has therefore scored points at every opportunity, even finishing first and second in Malaysia and Spain respectively.

“Alonso has an inferior car,” Klien explained, “but he uses every single little opportunity.

“He is the most complete driver who gets the most out of the package he has.”

Triple world champion Sir Jackie Stewart agrees that, among arguably the most competitive grid of drivers since the late 80s, Alonso is the standout performer.

“Right now we have the best generation of drivers we’ve had for a while,” the famous Scot told the Spanish sports daily AS.

“Everyone talks about Vettel, who is a great driver, and also Hamilton of course, but there is also Button, Schumacher, Kimi — all champions.

“There are others like Webber who also have the quality to win, young drivers coming up, many of them are very good, but also it is true that Alonso is fantastic.”

Asked why the Spaniard has not added a title to his tally since 2006, Stewart said: “The explanation is easy — he hasn’t had the luck to get the best car.

“Now he has one that isn’t good, but it’s in those circumstances that you see even more the quality that he has,” said Stewart.

Given Alonso’s push to the top of the championship with a sub-standard car, therefore, all the talk about Ferrari writing off the 2012 championship has been silenced for now.

“We have to keep developing the car,” Stefano Domenicali, Ferrari’s team boss, said after Barcelona, where significant upgrades were brought to the F2012 package.

“We are not yet fast enough to consistently fight for the podium, but that is the only option if we want to be in contention for the title,” he insisted.

Monisha Kaltenborn has revealed she has “very big plans” for Sauber.

Named by founder and team principal Peter Sauber as his forthcoming successor, the 41-year-old Indian is in effect already leading the Swiss team at grands prix.

She will take over in earnest at some point in the foreseeable future, thus officially becoming the first female team principal in the sport’s history.

“I have very big plans for the team,” she told the APA news agency in Barcelona.

“I am very happy with the trust that has been put in me,” Kaltenborn, whose current title is chief executive officer, added.

She said she is not bothered that she is not yet the team boss in title.

“For me, it’s never been important,” said the lawyer. “There are more important things.”

Maria de Villota is not ruling out appearing during a Friday morning practice session some time in 2012.

The 32-year-old Spaniard made international headlines in March when she signed with Marussia as a test driver.

She subsequently admitted, however, that – despite travelling to all the grands prix with the former Virgin team this year – she is “not the reserve driver”.

De Villota, whose father Emilio is a former F1 driver, also clarified in March that she is not contracted to practice on Friday mornings.

But she is not ruling it out now.

“It depends on the team,” she told the Spanish news agency EFE.

“I am trying to do all my duties well so that they are happy with me. And I think they are,” said de Villota.

“But the car is new and the drivers need the miles to develop it. So it’s up to the team (to decide).

“Hopefully it will happen soon, but what happens this year will happen. There may be surprises, but for now I am getting to do a lot of work in the simulator.”

Meanwhile, she made a bold prediction when asked which team she tips to win the so-far unpredictable 2012 championship.

“I think that McLaren is very strong,” said de Villota.

The last female driver to take part in official grand prix sessions was the Italian Giovanna Amati, who failed to qualify for three races in 1992.

Jaime Alguersuari’s father has slammed Red Bull’s decision to axe his son.

Jaime Alguersuari snr said the decision by Dr Helmut Marko to oust the young Spaniard after a strong season and at the age of 21 was “unfair and incomprehensible”.

But “whoever killed him buried him badly,” Alguersuari snr added, referring to his son’s new full time roles as co-commentator on British radio and with Pirelli.

Alguersuari snr, who is involved with the organisation of the Renault World Series, said his son is due to test Pirelli’s 2010 Renault test car next week.

According to EFE news agency, Alguersuari snr also said his son’s career to date has been more impressive than Daniel Ricciardo and Jean-Eric Vergne, who are Toro Rosso’s new drivers.

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.”

Narain Karthikeyan has revealed he is sick and tired of what could be described as ‘cucumber-gate’.

After the Indian collided with Sebastian Vettel in Malaysia three weeks ago, he was twice shown the middle finger, and called a “gherkin” and “idiot” by the reigning world champion.

But that’s when the real fuss began, as the world’s media became involved — a mischievous German reporter even presented Karthikeyan with a cucumber in China.

“It’s done and I would have preferred for it to stay private,” he is quoted by the SID news agency.

But the affair is threatening to drag on even longer, with Vettel telling reporters in Shanghai that Karthikeyan had apologised to him.

He did not say if he has apologised himself.

“Sebastian can say what he likes,” HRT driver Karthikeyan responded.

He said the incident had become an affair of “unbelievable proportions”.

“It’s crazy; I was questioned about it day and night,” he said.

“It’s become too much — I don’t want to talk about it anymore and I’d prefer if I never even thought about it again.”

After Sergio Perez’s surprise push for victory in Malaysia three weeks ago, things are looking bright on the Sauber balance-sheet.

The small Swiss team announced in Shanghai that it is continuing its deal to promote the North American country with colourful ‘Visit Mexico’ signage.

“We can assume that our good results in the first two grands prix have contributed to the renewing of the agreement,” said team boss Peter Sauber.

Not only that, another big deal is on the way, according to the well-connected Swiss publication Blick.

During Friday practice in China, the C31 was bearing mysterious ‘Out of the blue’ signage on the engine cover.

It is a ‘teaser’, the newspaper revealed.

“A big sponsor will be announced in a few weeks,” wrote the veteran correspondent Roger Benoit.

That is good financial news for Sauber, but Perez – who finished second three weeks ago at Sepang – is not getting carried away.

The Mexican was fourth in first practice in China.

“I think we are really realistic as a team,” Perez is quoted by AFP news agency.

“I think in normal conditions this (second place) is not where we belong, we have to be very realistic and our target is still to score as many points as possible.”

Tony Fernandes has given a strident defence of his formula one team, Caterham.

The former Team Lotus outfit, headed by the cheery Malaysian entrepreneur Fernandes, entered its third season with high hopes it was set to join the midfield mix.

Instead, the green cars – whilst still the cream of the backmarker group – are still better only than fellow stragglers Marussia and HRT.

The Finnish broadcaster MTV3′s well-known analyst Mika Salo has advised lead driver Heikki Kovalainen to therefore quit Caterham at the end of 2012.

“Something has been wrong with the car,” Kovalainen is quoted as saying by Turun Sanomat newspaper this week. “We need to see what is not right.”

Fernandes, meanwhile, is looking fervently on the bright side, insisting Caterham has done markedly better than F1′s other 2010 start-ups.

“We are competitive,” he told the Sun, reminding that Caterham was the last 2010 team given its official entry by the FIA a few years ago.

“We’ve blown away Marussia and HRT when in actual fact they have been there six months longer,” insisted Fernandes.

“We are half a second away from the established midfield … you must remember that this team is only two years old.

“When I started, we were nine seconds away from the front. Last year we were about four seconds away from Red Bull.

“This year, on certain laps, we lapped at the same pace as them. So I am very happy and I am strengthening the team all the time,” he added.

But one of Caterham’s direct rivals, HRT, is looking to make a major step forwards this weekend in China, having struggled recently in the wake of team supremo Colin Kolles’ departure.

“We come into this grand prix having had much more time to prepare the cars,” Pedro de la Rosa is quoted by the Spanish news agency EFE.

“We will bring small improvements to China but what we really need is the cars back in Europe and then the team can concentrate at the (new headquarters) Caja Magica.

“Step by step we will improve,” said the Spanish driver.

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.

Bernie Ecclestone has admitted F1 teams will breach their contracts if they do not race in Bahrain next weekend.

Earlier, as the controversy surrounding the sport’s continued plans to travel to the troubled island Kingdom deepens, an unnamed team boss admitted his peers would prefer if the event was called off.

The Times newspaper then quoted F1 chief executive Ecclestone as saying that “If the teams don’t want to go, then we cannot make them”.

“We’ve no way we can force people to go there,” he also told the PA Sport news agency on Tuesday.

But in actual fact, teams are contractually bound to race at each event on the F1 calendar, with breaches punishable by exclusion from the sport.

“We can’t say ‘you’ve got to go’ – although they would be in breach of their agreement with us if they didn’t go – but it doesn’t help,” the 81-year-old clarified.

“Commercially they have to go, but whether they decide to or not is up to them,” said Ecclestone.

“I’ve had no one say anything other than ‘we’re going to be racing in Bahrain’.”

He said the local race organisers, and the national sanctioning body, are the ones that could cancel the race.

F1′s governing body, meanwhile, is the FIA.

“I’ve spoken to (FIA president) Mr (Jean) Todt,” Ecclestone revealed, “we keep in close contact, and he’s going out there (to China), so we’ll have a chat then, and we always meet with the teams.”

It also emerged on Tuesday that Ecclestone has phoned Dr Ala’a Shehabi, a prominent Bahraini journalist and activist.

She revealed that Ecclestone wants Bahrain’s government opposition to “have a press conference” at the grand prix “in which opposition can get their message across”.

Shehabi said Ecclestone is “very concerned” about the situation in Bahrain, including the fate of human rights activist Abdulhadi Alkhawaja, who amid his hunger strike in jail is said to be close to death.