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.”

It is possible formula one teams will be limited to a budget cap in 2013, according to Germany’s Auto Motor und Sport.

The budget cap idea saw the sport almost implode amid the bitter political war of 2009, when proposed by controversial former FIA president Max Mosley.

But it is back on the agenda in 2012, and according to new rules – where a majority of teams can now push through a change – it could be imposed next season.

“Ten of the 12 teams are in favour,” Auto Motor und Sport said, referring to the push to have cost-cutting moved from the FOTA gentleman’s agreement to the actual sporting regulations.

It means that the two dissenting teams, the Red Bull-owned Red Bull Racing and Toro Rosso, will have no say.

“The cost to be competitive in formula one at present is too high,” the boss of the energy drink company’s premier team, Christian Horner, said recently. “I don’t think anybody will dispute that.

“The debate is how we achieve it.”

Not only that, the German report said nine teams are in favour of Mosley’s old budget cap idea, with annual expenditure limited initially to EUR 170 million and then diminishing to 100 million over a few seasons.

Sebastian Vettel has defended his former mentor Michael Schumacher.

The seven time world champion has been roundly criticised since last Sunday’s Spanish grand prix, after crashing into Williams’ Bruno Senna at the end of the Barcelona straight.

He called the Brazilian driver an “idiot” on the radio and later defended the outburst, but the FIA did not agree, imposing a five-place qualifying penalty for Monte Carlo for causing a collision.

“For us, that manoeuvre of Michael’s cost us a lot,” Red Bull team principal Christian Horner said on Austrian Servus TV.

He said the debris from the crash not only damaged Vettel’s front wing, but led to the reigning world champion having to serve a drive-through penalty due to activating his DRS wing in the yellow-flag zone.

German Vettel, however, defended Schumacher.

“In those situations we don’t have much time of course,” he said, “and you can get very great speed differences (between the cars) on the straights.

“I think it should be classified simply in the category of racing accidents. Unfortunately it happens,” said the reigning world champion.

“Of course you can always say what is what afterwards,” added Vettel, “just as you can say that it always takes two to tango.”

Mercedes’ Norbert Haug was less eager to comment, although he did tell Germany’s Sport1 that the team “accepts the verdict of the race stewards”.

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”.

Bernie Ecclestone claims he is close to reaching an agreement with Mercedes over the future of the German marque’s involvement in formula one.

The parties have been at loggerheads over the F1 chief executive’s refusal to offer to Mercedes the same Concorde Agreement deal reached with other top teams Ferrari, McLaren and Red Bull.

In response, it has been suggested not only that the situation threatened the sport’s floatation plans, but that Mercedes could sensationally quit F1 at the end of this year.

“We are now 80 per cent there,” Ecclestone told the German newspaper Bild am Sonntag in Barcelona.

“The other 20 per cent, we will get there soon,” he added.

“We have spoken with several Mercedes managers. I am sure we will see more of Mercedes in formula one.”

Bild said the deal being discussed between Ecclestone and the Stuttgart based carmaker will see Mercedes in F1 at least through 2020.

Norbert Haug, however, sounded surprised.

“I have to apologise, but we don’t want to give any information at the moment about the state of the negotiations,” Mercedes’ motor racing vice-president insisted.

A third team has decided to join Red Bull in Abu Dhabi for the young drivers’ test.

Due to the calendar congestion at the end of this season, and also to cut costs, most teams have opted to drop the Abu Dhabi option in favour of testing young drivers in July, at Silverstone.

But Red Bull, and its second team Toro Rosso, are sticking with the original November plan, amid criticism July is too early to be assessing young drivers.

McLaren is now following suit.

“Our plan at McLaren at the moment is to test in Abu Dhabi,” said the British team’s sporting director Sam Michael, who said another factor against Silverstone is that teams are only half-way through their engine mileage allocations in July.

“Engines is a significant factor,” the Australian explained.

“If you want to test at the end of the year, you have so many part-mileage engines that all have a little bit of mileage on them so you can effectively do it for free, in terms of your race engines,” said Michael.

“If you try and do that in the middle of the year, you can’t use your race engines so you have to prepare a special test engine.”

Narain Karthikeyan has played down reports he could lose his seat at HRT because of a lack of sponsorship.

An Indian newspaper this week said the 35-year-old is a million euros short of guaranteeing his place at the struggling Spanish team through November’s Brazil finale.

“Right now, everything is as it should be,” he is quoted by France’s autohebdo.fr.

“Early in the season, (team boss) Luis (Perez Sala) said that if I was not close enough to my teammate, there is a chance I will not finish the season.

“That was put into my contract, but for now I respect all the conditions. There is no reason that I will not be driving (the rest of) this season,” added Karthikeyan.

He admits, however, to some frustration about HRT’s continuing rear-of-the-field position.

“To be honest I wasn’t expecting the start of 2012 to be on the same lines as last year,” the Indian driver told the Hindustan Times newspaper.

“Yes I expected teething problems but not to this extent.”

He also admits he expected the team to test at Mugello last week.

“Personally speaking, I would’ve preferred some seat time at Mugello since I didn’t get any pre-season testing compared to my teammate who did the Jerez test with the old car,” said Karthikeyan.

“I was originally told that we would do the Mugello test but we decided to focus on putting the car together instead.”

It was a breakthrough for Mercedes and Nico Rosberg, but the Chinese grand prix was a “difficult day” for Michael Schumacher.

That is the admission of Shanghai winner Rosberg, whose first race win after more than 100 attempts also delivered German marque Mercedes’ first works victory for more than half a century.

“I felt he was very happy for me,” Rosberg told Auto Bild Motorsport, when asked what seven time world champion Schumacher’s reaction was.

Since returning to F1 more than two years ago, 43-year-old Schumacher – although stepping up his pace in 2012 – is yet to finish a single grand prix on the podium.

Nonetheless, he offered his congratulations “very, very warmly” after China, Rosberg revealed.

“At the same time I know that it was, of course, a difficult day (for him),” he admitted.

Norbert Haug, the team’s motor sport director, recently sounded inclined to keep Rosberg and Schumacher together beyond 2012, despite the fact the older and more famous German’s contract is ending.

He insisted there is “nothing negative” about their relationship.

As for ongoing rumours that Schumacher still enjoys number one status, Haug called that idea “absolute nonsense”.

“Do you know what Nico said to me, before Michael came? He said ‘If you can get Michael (on the team), then try everything for it’.”

Rosberg has not changed his tune.

“There was never a situation in which Michael got anything before I did,” he confirmed.

Narain Karthikeyan is not guaranteed his HRT seat for the whole of the 2012 season.

Following what the reporter referred to as a ‘chat’ with the Indian driver, the Times of India claimed Karthikeyan is “a million euros” short of a contract that will see him definitely race through November’s Brazil finale.

The 35-year-old also began the 2011 season for the struggling Spanish team, but was replaced by the Red Bull-funded Daniel Ricciardo mid-season.

The Times of India said securing the extra million in sponsorship is proving “difficult” for Karthikeyan.

“Sponsors are happy to give him money but not to the team, as obviously they do not want to be associated with a struggling outfit,” the report said.

The good news for Karthikeyan, according to the journalist Harish Samtani, is that his sponsorship deal with Tata brings to HRT the Williams gearbox, valued at about EUR 5 million.

The report said the link between Karthikeyan and Williams is the British team’s joint venture with Jaguar, which is owned by the driver’s sponsor Tata.

HRT Formula 1 Team incorporates Kyocera Document Solutions as its Official Supplier through a collaboration agreement for the 2012 season. The Spanish team will count on Kyocera’s services, which include needs for management and printing of documents, both at the team’s permanent offices in the Caja Mágica and at the mobile offices that travel throughout the world during the Formula 1 season.

Kyocera Document Solutions has a vast experience in the sporting world and, even more so, in the motorsport one, since it’s responsible for the management and printing of documents at the F1 and MotoGP Grands Prix at the Circuit de Catalunya, Valencia Street Circuit and Motorland Aragón. At all of these Kyocera offers high quality devices and services that adapt to the rigurous demands that any F1 Grand Prix has, meeting the demands of the media office and the organization at the circuit itself, including a permanent 24-hour service.

The ceramic components of Kyocera are not only integrated in our printing devices, giving them a greater durability and resistence, but they are also present in many other industries, such as some F1 cars where there are parts incorporating Kyocera’s ceramic components that have to cope with extreme temperatures.

HRT Formula 1 Team continues to progress firmly towards its objective of consolidating itself and growing and it now takes another step forward thanks to the partnership with the multinational Japanese company Kyocera. It’s another support for the young Spanish outfit who, thanks to the seriousness and hard work that it proves day by day, has more national and international companies willing to back HRT, contributing to its consolidation and progress in the pinnacle of motorsport.

Óscar Sánchez, KYOCERA Document Solutions General Manager: “A team such as HRT Formula 1 Team needs to be backed by the most advanced and reliable technology during the most demanding of championships. Kyocera has the latest printing machinery and a highly experimented staff, which makes us a leader in offering documentary services at any sporting events”.

Luis Pérez-Sala, Team Principal HRT Formula 1 Team: “Count on a renowned multinational company as Kyocera is amongst our partners gives us a confidence and calmness of great value for our day to day work. That calmness enables us to focus on pure competition aspects knowing that our backs are covered. Our needs in terms of printing, copying and scanning are high because the engineering, operations, marketing and communications departments are continuously putting the machines to the test and it is of vital importance that this work is not interrupted. In Formula 1 you work to the limit and Kyocera gives us the support and confidence needed to be able to do it”.

ABOUT KYOCERA DOCUMENT SOLUTIONS

KYOCERA Document Solutions is one of the world’s leading management solutions and document printing companies in the world. With a staff of almost 15,000 employees, its range of products and services includes ECOSYS printers, reliable multifunction printers, high-quality printer supplies, an array of software solutions and managed document services. KYOCERA Document Solutions offers innovative products built with long lasting components. Its clients benefit from the market’s lowest total cost of property and from the highest efficiency in any working environment. Its portfolio of solutions and its managed document services contribute not only to reduce the environmental impact but also to improve the efficiency and reliability of business.

Niki Lauda is sure Michael Schumacher will return to the top step of the podium this year.

As Mercedes took a step forwards with its new W03 car in 2012, it was the famous seven time world champion’s teammate Nico Rosberg who tasted success first, securing pole and victory in China last month.

But triple world champion Lauda told Germany’s Bild newspaper: “Michael Schumacher will win this year.

“Finally Mercedes are good enough to be able to attack the best.”

Schumacher, 43, has not been on the podium since he returned to F1 in 2010.

The German has also played down the team’s chances on the demanding Circuit de Catalunya this weekend, even though Mercedes is debuting a new ultra-light carbon gearbox in Barcelona.

Lauda, meanwhile, played down Schumacher’s widely-reported criticisms of this year’s Pirelli tyres, which have seen him labelled either a sore loser or a spoil-sport amid the exciting 2012 season.

“Schumi can’t spoil formula one,” laughed the Austrian legend. “He has been in the business so many years — he knows how it works.

“I see Rosberg’s success as spurring him on rather than frustrating him. He will fight through it,” predicted Lauda.

The boss of Abu Dhabi’s F1 circuit has criticised plans to run the young driver test at Silverstone later this year.

Originally, the young driver test was scheduled to take place as usual this year at Yas Marina, the week after the Abu Dhabi grand prix.

But, due to the calendar congestion at the end of this season, the majority of teams have decided instead to go to Silverstone in July, with only the two Red Bull-owned teams sticking with the Abu Dhabi plan.

Lotus team boss Eric Boullier, however, is quoted by The National newspaper as saying the Silverstone plan is “nonsense”.

Yas Marina chief Richard Cregan agrees: “If you’re a good young driver in the middle of a season, then it’s not ideal to be testing a formula one car midway through the year.

“These guys should be focusing on whatever series it is they are racing, which is why the F1 testing in Abu Dhabi worked so well in the past because it was effectively the end of their season.”

He also warned that the earlier timing of the Silverstone test means teams could spend more time trying to develop their cars than on seriously evaluating the next generation of drivers.

“It is first and foremost a young drivers test and it must remain that,” Cregan insisted.

“It is a chance for young drivers to get maybe a first chance to drive an F1 car and it is chance for teams to run their eye over a driver and evaluate his performance.

“Developing the car and parts should be secondary,” he said.

Abu Dhabi could, however, be back on if Silverstone’s weather forecast looks poor, even though as soon as a car has left the pitlane in July, that team will no longer be allowed to change its plans.

Even though Lotus’ Boullier thinks the Silverstone decision was wrong, he has vowed to stick with the majority.

“But actually I would like it to rain, so we will go back to the original schedule,” said the Frenchman.

Cregan said Abu Dhabi’s door remains open.

“We’ll still be working to the same standards,” he said. “So in that sense nothing changes.”

Carbonell and HRT Formula 1 Team have signed a collaboration deal through which the leading olive oil brand will have its image present on the drivers’ overalls, whilst also forming a part of the exclusive culinary experience that the team has created alongside Arzak-Bokado.

The squad of Arzak-Bokado chefs travel with the team and have their operational base in the new motorhome hospitality during European races, whereas in overseas races they use the facilities provided by each circuit to maintain the same quality service. They offer a gastronomic experience that meets the different needs of team members and exclusive guests of the team, using fresh national products of the highest quality that characterize the extraordinary and renowned Spanish cuisine, whilst also leaning upon chefs and suppliers at each of the 19 countries visited throughout the season.

Besides the different menus, the gourmet experience also includes gastronomic activities at the circuit such as the “show cooking” or the “lightning pintxo”, which HRT offers every Grand Prix Sunday before the race for team members, guests, international press and organizers who travel the globe covering Formula 1 all to enjoy.

The presence of Carbonell, world leader in olive oil, will provide an extra contribution to that gastronomic experience whilst also enjoying an unbeatable platform for the brand because of the quality and worldwide reach of the team’s activities in a setting such as Formula 1. Carbonell has chosen the pinnacle of motorsport and HRT Formula 1 Team, the first and only team in the history of this competition to have its headquarters in Spain, to begin this unique culinary experience in Formula 1 and will also be the team’s exclusive brand for olive oil, olives and vinegar.

The agreement, which was signed by José María Collantes, Managing Director of Deoleo S.A, and Luis Pérez-Sala, Team Principal of HRT Formula 1 Team, at the team’s new headquarters in the Caja Mágica in Madrid, is valid until the end of 2012 with an option to extend. With this, Carbonell becomes the first Spanish food brand to be present in the Formula 1 World Championship.

Jose María Collantes, Managing Director Deoleo S.A: “The partnership between HRT, Carbonell and Arzak will enable to strengthen the link between Formula 1 and the gastronomic world thanks to HRT with an exclusive gourmet experience through which Carbonell will take part in every aspect related to the team’s kitchen, as well as all the culinary activities at the Grands Prix. By supporting such a popular sport as Formula 1, Carbonell will have great visibility and will secure its place as an innovative brand in the world of olive oil, vinegar and olives”.

Luis Pérez-Sala, Team Principal HRT: “It’s a great satisfaction for HRT to begin a partnership with Carbonell, a world renowned Spanish brand in the food sector. This association offers an opportunity to make the most of and strengthen the synergies of both companies on a worldwide base. Besides, Carbonell integrates perfectly with our gastronomic partners, Arzak-Bokado, to offer a gourmet experience made up of Spanish cuisine and fusion in the different countries where we compete. We thank Carbonell for the confidence they have deposited in us and we will continue to work hard to be competitive in an extremely demanding environment. With everyone’s effort we will reach our targets”.

ABOUT CARBONELL

For more than 145 years Carbonell has been present in kitchens and has created its oil taking close care of every step. Today, as a result of that experience and also of an innovation, Carbonell creates its oil following the Exclusive Carbonell Method® through which the best olives are chosen based on the origin, variety and moment of picking and a unique elaboration process is followed with which the essence of the olive is conserved.

Thereby, Carbonell is the brand that transforms dishes, in short, they give them soul, contributing some specific benefits (more nutrition; more pleasure; makes the normal special; turns the experience of eating into something sublime). Carbonell, the soul of your kitchen.

Carbonell belongs to Deoleo S.A., a Spanish food group that lists on the Spanish stock market and that is a worldwide leader in bottled olive oil, and that counts with the leading brands in the areas and markets where it operates, offering top quality products.

Michael Schumacher has been pipped at the post in the race to be the world’s richest sportsman.

According to the Sunday Times’ annual listings, the seven time world champion’s (US) $823 million in career earnings is beaten only by golf legend Tiger Woods.

American Woods has earned $869 million in his own ultra-successful career, the newspaper found.

And the Sunday Times said the pair have each earned hundreds of millions of dollars more than other high-earning sportsmen, including Michael Jordan ($516m), Roger Federer ($316m) and David Beckham ($258m).

F1′s two other representatives, Fernando Alonso and Kimi Raikkonen, were way down the top-twenty list, with their respective earnings at about $161 million apiece.

McLaren’s world champions Lewis Hamilton ($89m) and Jenson Button ($85m), meanwhile, appear only on the list for British sportsmen, and they are both outpaced by the $129m earned by former Ferrari driver Eddie Irvine mainly through property investment.

However, Hamilton and Button have each earned more in their careers than David Coulthard, Nigel Mansell, former BAR boss David Richards (all $80m) and Sir Jackie Stewart ($67m).

Those earnings, however, are all dwarfed by Bernie Ecclestone’s estimated $4 billion, although the 81-year-old F1 chief executive does not appear at all on the list of the world’s richest overall.

That list is headed by mega-earners like Sauber sponsor Carlos Slim, who according to the Sunday Times is worth $71 billion.

Bahrain, the controversial island Kingdom, could have been central to McLaren’s decision to agree the terms of the next Concorde Agreement.

Bahrain’s ruling family, through its investment arm Mumtalakat Holdings, owns half of the famous British team.

The Times’ F1 correspondent Kevin Eason quoted a source as saying the link “pushed (McLaren’s) Concorde deal over the line”.

In return for signing up, Bahrain reportedly received a “pledge” that last month’s highly contentious grand prix would go ahead.

Eason also said it is possible that one of McLaren’s two Bahraini directors, rather than the obvious choice Ron Dennis, could be appointed to the F1 board once the sport is floated on the Singapore exchange.

Bernie Ecclestone denied the 2012 Bahrain grand prix and the Concorde Agreement deal were linked.

“It was nothing to do with the Bahrain race (going ahead),” the F1 chief executive insisted. “But McLaren liked the deal.”

Intriguingly, however, F1′s post-stock market floatation chairman Peter Brabeck-Letmathe has defended the controversial decision to push ahead with Bahrain last month.

“The race was exploited by the opposition in Bahrain, not vice versa,” he told the Austrian newspaper Kleine Zeitung. “That was not interpreted correctly by the media.

“If groups want to exploit sporting events for their interests, then the worst thing you can do is give way.”

Brabeck also compared Bahrain to England.

“In what countries are there no riots?” he asked rhetorically. “A year ago there were riots in London — should the Olympic Games now be cancelled?”