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Backer says no doubts about 2012 Austin GP Backer says no doubts about 2012 Austin GP(0)

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.

Student protests threaten 2012 Canada GP Student protests threaten 2012 Canada GP(0)

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.

Spain, Spa, France, Canada and Russia – race rumours Spain, Spa, France, Canada and Russia – race rumours(0)

Valencia will not be on next year’s F1 calendar, Bernie Ecclestone said on Saturday.

He confirmed that, starting in 2013, an annually alternating deal between the Spanish port city and Barcelona will begin.

Barcelona, the scene of this weekend’s Spanish grand prix, will host the race in 2013, before Valencia returns to the schedule in 2014, the F1 chief executive told Reuters.

Less secure, meanwhile, is France’s touted spot on the 2013 calendar, particularly with the country’s new anti-F1 president Francois Hollande now taking power.

Until recently, the F1 chief executive was saying Paul Ricard was set to join the 2013 calendar, annually alternating a race date with Belgium’s Spa Francorchamps.

As for the state of the deal now, the 81-year-old admitted: “I have no idea. No idea what they (France) are doing.

“It’s a funny arrangement they were making anyway. So I just don’t know.”

Ecclestone is also working on a new deal for the popular Canadian grand prix, having told promoter Francois Dumontier that the Circuit Gilles Villeneuve needs to be upgraded.

“There are two ways of looking at it,” Dumontier, in the paddock of the Circuit de Catalunya, is quoted by La Presse newspaper.

“Either Bernie requires an annual fee windfall, or he will charge a reasonable fee and ask in return for investment in the infrastructure.”

He said the contract on the table is for 10 more years, taking Montreal’s existing deal through 2024.

Ecclestone said on Saturday that he is sure an agreement will be reached, because Canada is one of F1′s most loved destinations.

“I remember saying to Bernie, ‘New York, Austin, I don’t know why you want to go there. Your sure bet is Montreal’. He knows that.

“He’s been in Montreal for 34 years. And in the 22 years of the grands prix in the United States, they’ve had eight different cities.

“He said ‘You’re right’,” added Dumontier.

Another rumour, repeated by The Times’ Kevin Eason on Saturday, is that the planned 2014 Russian grand prix in Sochi “is doomed”.

Montreal must improve track or lose F1 race Montreal must improve track or lose F1 race(0)

Montreal has been warned to spend around $15 million on the Circuit Gilles Villeneuve or risk losing the Canadian grand prix.

La Presse reports that Bernie Ecclestone has said only a major redevelopment of the circuit will lead to talks about a new contract beyond 2014.

The report said that, in light of the F1 chief executive’s warning, Montreal mayor Gerald Tremblay has appealed to higher levels of government for the necessary money.

“Negotiations are underway between the three levels of government and the bodies of formula one”, the report said.

Race promoter Francois Dumontier told RDS: “It’s premature to talk about this.

“There are still two years to go on the current contract. We have started talking, but that it’s out now I find excessive. Honestly, I don’t know where it’s come from.”

He added: “Given that the permanent installations of the circuit, including the control tower and the garages, are nearly 25 years old, it is likely that their repair is an important element in the negotiations for an extension to the current agreement.

“But it seems to me to be premature to talk specific sums.”

Singapore eyes new race deal and F1 floatation Singapore eyes new race deal and F1 floatation(0)

The fact F1 has chosen the Singapore exchange for the sport’s high profile floatation does not mean the city-state’s popular floodlit street race is guaranteed.

The night event’s existing five year contract runs out this year, although a two-year notice clause in the deal means Singapore should stay on the calendar at least until 2014.

On the face of it, a new deal seemed a certainty, given it was Bernie Ecclestone himself who chose Singapore as the location for F1′s forthcoming floatation.

“Formula one is known in Singapore, and Asia is thriving. It is a simpler market and not as restrictive,” he said recently.

Talks about a new race deal “are underway”, the local Business Times reported in March, “but it is understood that one sticking point is the sanction fee.”

An unnamed banker commented: “The Singapore government wants formula one to be listed here and for that to happen, it knows the race has to remain here.

“But at the same time, it doesn’t want to pay top dollar again. So the bargaining should continue for some time.”

However, the English language newspaper now reports that F1′s floatation plans, and the expiring Singapore race contract, could be entirely unrelated.

“We are in the process of negotiating a possible renewal of the (race) agreement and the outcome will be announced once discussions are complete,” said a spokesman for race promoter Singapore GP.

Second minister for trade and industry S Iswaran insisted that the mooted floatation will not influence the outcome of the race contract negotiations.

And the Singapore tourism board’s Aw Kah Peng added: “You’ve got to see whether the deal is right in every way.

“We’re hoping everybody sees value in it and we get a so-called good deal for Singapore, in terms of whether all the numbers can work out and everybody takes home something — a kind of a win-win proposition.”

Ecclestone confirms Spanish hosts to alternate race Ecclestone confirms Spanish hosts to alternate raceComments Off

Bernie Ecclestone has confirmed that Barcelona and Valencia will, from next year, alternate a single annual Spanish grand prix race date.

Currently, the two venues have their own places on the formula one calendar.

The Germany-style alternating scheme had been floated as a potential solution also for Spain, given the promoters’ financial struggles, and F1 chief executive Ecclestone’s need to free up calendar space for new races.

“Under the circumstances, especially the current economic climate, the best solution we could find was that we alternate,” Ecclestone told the El Pais newspaper when asked about Spain’s two F1 hosts.

He is unapologetic about the push – mainly at the expense of the sport’s European homeland – into new markets in the Far and Middle East.

“We are a world championship, and that means we have to be all over the planet,” Ecclestone said. “We are not a European championship.

“We should be grateful about how far we can go.”

Ecclestone: F1 to return to Bahrain ‘forever’ Ecclestone: F1 to return to Bahrain ‘forever’Comments Off

The calamitous Bahrain grand prix saga has not jeopardised the island Kingdom’s future on the F1 calendar.

That is the strident claim of Bernie Ecclestone, after the F1 chief executive and FIA president Jean Todt displayed rare unity as they insisted the country’s civil and political problems would not affect the grand prix.

But amid the bubbling Bahrain saga, Ecclestone had suggested that Bahrain might face trouble when it comes to negotiating a new contract, with the existing agreement only set to extend for three more years.

However, when asked by Reuters if F1 is going to keep returning to Bahrain despite this year’s troubles, Ecclestone insisted on Sunday before leaving the Persian Gulf: “Absolutely. Forever. No problem.”

Like Todt, he even played down the damage done to F1′s reputation this weekend.

“I think it’s good because people talk about things, you know. You know what they say — there is no such thing as bad publicity,” said Ecclestone.

In truth, reputation damage has undoubtedly been done. But Roger Benoit, the veteran correspondent for the Swiss newspaper Blick, admitted he is dismayed with how politics interfered with sport so strikingly this weekend.

“On all continents, somewhere, all hell is breaking loose. And as a formula one reporter, you’re flying around this globe two or three times a year,” he wrote.

“We go to countries that are politically explosive. Where human rights are violated, where poverty reigns.

“But we hardly talk about it — not in China, India, Korea, Malaysia, Singapore or Brazil. In 2014, we’re going to Russia.

“Years ago, our circus happily danced around in apartheid South Africa, and the military dictatorship of Argentina.

“Formula one is pure entertainment. Detached from the problems of the world. But here, in Bahrain, every reporter entered the political field, whether he liked to or not,” wrote Benoit.

So that is why Ecclestone is unapologetic, after championing the Bahrain grand prix.

“Because, basically, the problems they have in Bahrain have nothing to do with F1,” the 81-year-old told El Pais newspaper.

“The relevant agencies gave the nod as far as security was concerned, and I think it is clear that they were not wrong.”

He also sees no problem with F1 being used as a political tool.

“Governments want to have an F1 race for the same reason as they want the Olympics. We come to agreements with the promoters and, if that’s good for the country, fine,” said Ecclestone.

Insider expects F1 to lose two races in 2012 Insider expects F1 to lose two races in 2012Comments Off

A respected F1 correspondent is expecting F1′s 2012 calendar to shrink to eighteen races this year.

Livio Oricchio, who writes for Brazil’s O Estado de S.Paulo, thinks the sport is now on the verge of cancelling next weekend’s visit to Bahrain.

And he also thinks November’s US grand prix, scheduled to take place at the brand new Circuit of the Americas in Austin, is in doubt.

“The construction has fallen way behind,” said Oricchio, “and there are serious problems between the promoter and the Texas government.

“Each side is looking to the other on the obligation to pay the fee, estimated at $18 million, to FOM (Formula One Management).

“So the championship that should have 20 races will most likely have only 18,” he concluded.

At least publicly, however, the Circuit of the Americas is continuing to take shape.

This Thursday, a private ceremony is scheduled to take place as circuit contractor Austin Commercial celebrates the milestone of completing the full height of the main three-storey pit building.

The Austin Business Journal reports that “several business and civic leaders are scheduled to attend”.

No French GP return announcement yet No French GP return announcement yetComments Off

New media reports have contradicted claims French PM Francois Fillon will on Friday announce the country’s 2013 return to the formula one calendar.

Le Parisien newspaper on Thursday said Fillon’s visit to the Paul Ricard circuit on Friday is to confirm the successful end to long negotiations to revive the French grand prix.

Those negotiations were for Paul Ricard to annually alternate a race date with Belgium’s fabled Spa Francorchamps.

But the French-language RMC insists that Belgium is “not ready for the alternation”.

“If France has received a contract to organise a grand prix every other year, this is not the case for the Belgian promoters, who are still waiting for the document to send to the government of Wallonia,” the report read.

RMC said the hold-up could be because Spa is having trouble paying its sanctioning fee for this year’s race date in September.

The French magazine Sport-Auto agrees, insisting that Fillon “will not announce the return of the grand prix de France on Friday”.

“The prime minister will travel to the (Paul Ricard) circuit,” an official close to Fillon is quoted as saying by AFP news agency, but Fillon “will not announce the return of the grand prix to the calendar in 2013″.

The official, however, said Bernie Ecclestone as approved “in principle” France’s presence on the calendar every other year, beginning in 2013.

But “It (the alternation) will not necessarily be with Belgium,” the report added.

In an interview to be published by the Nice-Matin newspaper on Friday, Fillon is quoted as saying a grand prix is crucial to France.

“Bernie Ecclestone has just sent us a draft contract,” said the prime minister, “which is the result of negotiations that began several months ago.

“We now have a concrete basis for discussions,” he added.

Founder Hellmund sues 2012 US GP Founder Hellmund sues 2012 US GPComments Off

 2012 US grand prix founder Tavo Hellmund is suing the Austin event’s backers.
The latest speed-bump in the Circuit of the Americas project is Hellmund’s lawsuit against Bobby Epstein and Red McCombs, claiming he would have made $500,000 per year as chairman for the next decade.

Hellmund also wants “access to the … books” and “declaration that he cannot be removed as a manager”, the lawsuit claims according to the local Austin American Statesman.

Hellmund did not immediately comment, while Epstein said the former promoter no longer works on the project.

“This is just a latest step in a pattern of behaviour,” said the Circuit of the Americas in a statement.

“Mr Hellmund uses negative press to try and create an advantage for himself at every turn.”

France, Belgium yet to agree race fee with Ecclestone France, Belgium yet to agree race fee with EcclestoneComments Off

Bernie Ecclestone is leading the negotiations as France tries to return to the formula one calendar.
The country’s government is pushing hard to include Paul Ricard on the 2013 calendar, with a deal to alternate annually a single race date with Belgum’s Spa Francorchamps.

RMC Sport reports that Paris has formally requested Ecclestone, F1′s chief executive, send them the contract.

But the report said a crucial detail is missing: the necessary race fee.

As those negotiations begin, it is revealed that Eric Boullier – the Lotus team’s French team principal – met with Ecclestone in London on Wednesday to talk about it.

Boullier had tried to “speed things up”, the French language report said.

RMC added that Spa-Francorchamps’ Belgian promoters currently spend EUR 22.5 million per race on the grand prix, a figure neither they nor France are willing to pay in 2013 and beyond.

“Both have set a maximum of EUR 15 million per race,” said the report.

The responsible Belgian minister, Jean-Claude Marcourt, declined to comment.

New York promoter denies doubting Austin race New York promoter denies doubting Austin race(1)

The promoter of F1′s newly announced New York round has denied doubting the separate US grand prix in Texas will ever take place.
Austin is scheduled to host the sport on a purpose-built circuit late next year, but there has been speculation construction is seriously delayed and that state funding may be in danger.

New Jersey’s 2013 race, however, will take place on existing roads alongside the Hudson river, and the event is being funded privately.

“There’s not a yard of dirt being moved,” promoter Leo Hindery told a New York Times blog. “We’re pennies on the dollar compared to Austin.”

The column also quoted Hindery as saying: “I wouldn’t bet on Austin making it.”

But in a telephone interview with the Austin American Statesman newspaper on Wednesday, Hindery denied making the latter statement.

The NY Times author Jonathan Schultz insists however that Hindery was quoted accurately.

But Hindery told the local Austin publication: “I have no scepticism about Austin.”

Russian government to fund Sochi F1 track Russian government to fund Sochi F1 trackComments Off

The Russian federal government has committed to invest heavily in the country’s inaugural grand prix in 2014.
The Ria Novosti news agency reports that the circuit in Sochi, located on the Black Sea coast, is to be built at a cost of towards US $200 million.

And the Krasnodar region’s deputy governor Alaxander Ivanov is quoted by Reuters: “The federal government has allocated $195.4 million for this project.”

Officials said the remaining few million will be financed through sponsorship and private investors.

In contrast, this weekend’s Indian grand prix has been financed entirely by the private promoter Jaypee, and the 2013 New Jersey race will also not receive any state help.

The New Jersey promoter Leo Hindery told Austin American Statesman newspaper: “As a matter of principle, I don’t believe in government subsidies for sporting events.

“I would never have done this project if it took a subsidy.”

Ten year New York race deal confirmed Ten year New York race deal confirmedComments Off

A ten year deal for a waterside American grand prix amidst the New York skyline was announced officially on Tuesday.
New Jersey governor Chris Christie made the official announcement but the street race, to debut in mid 2013, will be privately funded, headed by Leo Hindery, a well-known American businessman and Le Mans class winner.

Unlike Texas’ purpose-built circuit for next year’s US grand prix, Hindery said the roads for the street race are already in place and only need to be resurfaced.

“We build our stands, our pits and paddock club. We put up barriers and catch fences. We put it up and take it down,” he said.

Also unlike Austin, there will be no government help.

“We are not receiving and never asked for any subsidies,” he insisted.

Tavo Hellmund, the Texas promoter, offered his congratulations and said the two US events – separated by more than 3000 kilometres – can coexist.

“I am excited for the east coast and feel Tuesday’s announcement is yet another acknowledgement of the viability, fan interest, economic benefits and prestige an F1 grand prix event brings to a region,” he said.

Even more excited is F1 chief executive Bernie Ecclestone.

“I’ve been wanting to do this for years,” he told the Bloomberg news agency via telephone. “You’ll be able to see the Manhattan skyline on TV.”

Row threatens media coverage of India GP Row threatens media coverage of India GP(1)

Another hurdle has been mounted ahead of India’s troubled preparation for its inaugural grand prix.
Amid talk the new Buddh circuit is barely ready for this weekend’s race, the Indian supreme court last week ordered that a quarter of the proceeds of the ticket sales be withheld over a tax dispute.

But the latest dispute could cost organisers Jaypee crucial national media coverage, and worryingly the row is with the sport’s powerful Formula One Management (FOM).

The Hindustan Times reports that Indian television channels are threatening to boycott covering the event because of FOM’s restrictive access to the race feed.

Jaypee’s communications boss Askari Zaidi warned reporters that they must cover the race.

“When they signed their accreditation form, they agreed to the terms and conditions, so I expect them to cover the event,” he said.

He added that FOM is so restrictive when it comes to the television feed that even Jaypee, the promoter of the event and owner of the circuit, was denied access.

“We requested them to allow us to bring in cameras, but were refused. Even after we asked them to look into the matter, they refused, saying we could only buy a one minute feed of the race,” said Zaidi.

It has been a troubled build-up for the Indian race, but motor sport clubs of India president Vicky Chandhok insists the organisers will learn for the future.

“India has never hosted such a big event. It’s the largest ever,” he told the Times of India. “No IPL (cricket), no Commonwealth Games comes anywhere close to it.”


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