Subscribe to RSS

Economic problems are not exclusive to Campos

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 1st he may be substituted by another pilot.”


The 15 million Euros were supposed to be paid in two dates: one on March 1st and the second on July 1st.  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.

© 2010, www.fantasyracings.com. All rights reserved. The total or partial reproduction of text, photographs or illustrations is not permitted in any form. Copyright by F1 Teams Media Departaments, (GMM) and (CIAM)

0 commentsback to post

Other articlesgo to homepage

Ferrari to beam launch live on Friday morning

Ferrari to beam launch live on Friday morning(0)

 Having cancelled its media launch event due to the snowy weather in Italy, Ferrari is preparing for a live internet reveal of its 2011 car on Friday morning. Hot on the heels of the McLaren launch, and on the same day as the unveiling at Silverstone of Force India’s new car, Ferrari will show its

Whiting to attend Jerez amid legality rumours

Whiting to attend Jerez amid legality rumours(1)

The teams, the fans and the world’s media will not be the only ones with their eyes firmly on the action at Jerez next week. It is rumoured Charlie Whiting, the technical delegate of formula one’s governing FIA, has scheduled to attend the first test of the 2012 pre-season. The news follows speculation some teams

New Ferrari, Force India have ‘ugly’ noses

New Ferrari, Force India have ‘ugly’ noses(0)

 McLaren was left the odd-one-out on Friday, as Ferrari and Force India joined Caterham in launching new cars with ‘ugly’ noses. The odd feature – a quirk of new regulations – is the centrepiece of Ferrari’s new F2012, launched on Friday morning at Maranello, and the Mercedes-powered Force India VJM05, whose covers were pulled off

Karthikeyan completes 2012 grid with HRT deal

Karthikeyan completes 2012 grid with HRT deal(0)

 HRT, the Spanish team that until now had the final vacancy on the 2012 grid, has finally completed its race driver lineup by signing Narain Karthikeyan. The Indian began last year’s championship with the back-of-the-grid outfit before he was replaced by Red Bull protege Daniel Ricciardo. But with Australian Ricciardo moving to Toro Rosso for

Button wants to avoid retiring too soon

Button wants to avoid retiring too soon(0)

 While his teammate’s plans beyond this year are unclear, McLaren driver Jenson Button is sure his career is on the right track. Lewis Hamilton has been making headlines this week after saying he wants to think about his future beyond 2012 – when his existing contract expires – soon. “Probably, after the first couple of

read more

Get This Plugin

Contacts and information

Social networks

Most popular categories

© 2010 T-CERA