An Australian federal politician has argued Melbourne’s grand prix should be axed because it bankrolls “Bernie’s billionaire bogan”.
Kelvin Thomson told parliament that much of the fee paid by the Victorian state government to formula one ends up in the deep pockets of F1 chief executive Bernie Ecclestone’s eldest daughter Tamara.

After watching a documentary about 27-year-old Ms Ecclestone, he said she uses a million-dollar bathtub, an elevator for her Ferrari road car, crystal balls for her bowling alley, and a massage parlour for her dogs.

“One thing I am absolutely sure of,” said Thomson, “there are better ways to spend $50 million, year in and year out, than bankrolling Bernie’s billionaire bogan.”

‘Bogan’ is an Australian slang term for someone who demonstrates their lower-class background through their speech, clothing and behaviour.

This weekend’s Australian grand prix is seventeenth at Albert Park.

Bernie Ecclestone has expressed frustration with the attitude of Australia’s formula one race organisers.
The F1 chief executive is pushing for the Melbourne race, with a contract through 2015, to be held at night for a more favourable live timeslot back in Europe.

He may even be offering a fee subsidy, but formula one remains controversial within the Victorian state parliament, with taxpayers footing $50 million bills annually.

Ecclestone has reacted by offering to sit down and negotiate an early end to the Albert Park deal.

“If the government wanted to, we could certainly come to some terms, I suppose,” he told the Sunday Herald Sun from London.

81-year-old Ecclestone reportedly wants the government, led by premier Ted Baillieu, to come clean about his plans for the future.

“It would just be nice for somebody to say to me ‘Bernie, definitely, 100 per cent, we don’t want to renew our contract’,” he said.

So Ecclestone reportedly warned that Baillieu should begin talks now if he wants to keep the sport in Melbourne.

The premier’s spokesman reportedly said the government will not ‘take an open chequebook’ to the negotiations.

 A leaked invoice suggests PDVSA, the state owned Venezuelan oil company, is paying a staggering US$46 million for its sponsorship of the Williams team in 2012.
Despite its authenticity having not been confirmed, the invoice from Williams – includes the Oxfordshire based team’s correct Barclays bank account – requests the full amount in pounds sterling.

Also appearing on the internet in recent months were the full contract between team driver Pastor Maldonado and Williams, and a stamped letter from Venezuelan congressman Carlos Ramos.

The leaking of the documents, with the invoice now published on the website of the Spanish sports daily Marca, surrounds Venezuelan officials’ doubts about the legality of Williams’ lucrative PDVSA deal.

Ramos’ letter to Williams’ communications boss Claire Williams last November referred to an “ongoing investigation” by the Venezuelan parliament.

“You may … be aware that our congress granted no approval to the sponsorship contract between Williams F1 and PDVSA,” he wrote, demanding Williams divulge the “amount disbursed to date to Williams F1 by PDVSA”.

Maldonado is backed directly by PDVSA, and is famously close to Venezuela’s controversial president Hugo Chavez.

Even if Singapore decides against extending its current F1 race contract, the Asian city-state will host at least four more grands prix.

Last month it emerged that the government was yet to decide whether to extend its current race contract beyond 2012.

Senior minister of state S. Iswaran said the government wants to “make sure the economic benefits are justifiable going forward”.

But even though Singapore’s contract expires in 2012, Formula One Administration has a five-year option to extend the deal, according to Singapore news network Channel NewsAsia and the Straits Times broadsheet.

The reports said that even if the government decides against a new contract, it will have to serve notice and host the sport until at least 2014.

Trade and Industry minister Lim Hng Kiang said in parliament on Monday that the government’s decision about F1 “will be based on an assessment of the costs and benefits to the economy over the long term”.

He said the outcome of the review might not be known for a year.

Mark Webber has admitted he might not be “hungry enough” to extend his career beyond 2011.

The Australian has signed on with Red Bull for another season, with some suggesting the short contract extension is a sign of slight tension between him and the Austrian-owned team.

But Webber, 33, insists he only wanted to commit for one more year.

“I am taking each year as it comes now,” he is quoted by Auto Bild Motorsport.

“In two years, perhaps I will not be hungry enough anymore,” said Webber.  “But that doesn’t mean I’ll end my career in 2011.

“If you had asked me in 2005 if I would still be in formula one in 2011, I would have said ‘no way!’

“People think I’m under pressure because I have to fight each year for a contract, but that’s not right.”

Webber admitted a future move from Red Bull to another team is “rather unlikely”.

He also confessed he is not sure why he is so competitive at the wheel of the RB6, having won two races and is still within sight of the championship lead despite his frightening Valencia crash.

“Why?  No idea,” said Webber, when asked about his consistency and speed in 2010.

“One thing; in 2009 I was not a big fan of qualifying with full tanks, while this year I’m back in my element with the light cars in Q3,” added Webber, who on early Friday morning stunned onlookers by completing a F1 pitstop in front of London’s Houses of Parliament.

(GMM)

This season start is on its way to become a real soap opera drama.  Even though, last week, Adrián Campos, angry with all that was being published hit the table with his fist assuring the Monday everything would be worked out, today the opposite was confirmed.

The Valencian is trying to save the Spanish team, but days go by without a solution to his financial difficulties –in spite of the time extension granted by Dallara until nest Wednesday-, and everything gets more and more complicated.

Even so that the agreement between the South African manager and Adrian Campos might be forgotten.

According to close sources, Tony Teixeira, has not been able to have the necessary liquidity to close the deal, thus leaving the Campos Meta 1, almost without options.  And if we say, ‘almost without options’ it is because those same sources have mentioned a possible purchase of the complete team, but with the condition that Adrian Campos would not lead the ‘scuderia.’

With this purchase, the team would leave Spain and the team’s personnel would not have a sure job position any longer.

Petrov needs a loan?

To continue with the soap opera, at Renault ranch, there are problems also, because if the French ‘scuderia’ initially officialized, Vitaly Petrov due to economic interests, the 15 million Euros per season that the Russian was supposed to contribute with are nowhere to be seen, at least that is what his father Alexander gave to understand, when he declared that Vitaly’s position is in jeopardy: “If we do not pay the first quota before March 1^st he may be substituted by another pilot.”

The 15 million Euros were supposed to be paid in two dates: one on March 1^st and the second on July 1^st.  However, it seems that his country’s sponsors were not aware of that.  The problem being that the manager of the Russian pilot has been knocking on the doors of 500 companies and getting the same answer: “He has been rejected every time,” confessed the pilot’s father indicating that: “Fortunately, a friend of mine, responsible for a bank in Saint Petersburg has given me a credit for 7.5 million Euros, but the bank has requested time to evaluate the guaranties.”

“Our hope is Prime Minister, Vladimir Putin who has received letters asking for help from the Russian Motor Federation, from the motoring sport and from the Sport Minister and the Parliament.”

The next episode of this soap opera “The Life of the F1″remains to be seen soon.