#F1 Features: #F1 School’s Out and we’re ready to party!

Brought to you by TJ13 Contributor Mattpt55 Now that F1 school’s out, and Sakhir is a dusty memory with the drivers off to “train hard” in places like St. Barth’s and St. Moritz, whilst the engineers for Renault and it’s customer teams see how many continuous cycles the espresso machine can run before it bursts into … Read more

Schumacher says he may leave Switzerland, Vijay ducks Indian GP press conference, Hungarian GP in negotiations, Honda no chance for 2014

Indian GP, Race Strategy: For a full track characteristics overview and Indian GP race strategy report, no one does it better than James Allen on his F1 News site (http://connect.jamesallenonf1.com). Includes: form guide, weather forecast, likely tyre perfomance, pit stop strategy, chance of safety car, start performance table and pit stop table plus comment from one of F1’s most experienced specialist observers.

Press Conference Lists for Indian GP: Friday lineup looks more exciting than Thursday. Kimi the only top driver – and to say he’s concise would be an understatement. Vijay Mallya is conspicuous by his absence as fears over mass Kingfisher staff demonstrations have grown. (Force India: How the tower of cards will collapse)

DATE TIME GUEST
Thursday, October 25 1500 hrs Nico Hulkenberg (Force India)
Narain Karthikeyan (HRT)
Heikki Kovalainen (Caterham)
Kimi Raikkonen (Lotus)
Bruno Senna (Williams)
Jean–Eric Vergne (Toro Rosso)
Friday, October 26 1600 hrs Cyril Abiteboul (Caterham)
Eric Boullier (Lotus)
Stefano Domenicali (Ferrari)
Christian Horner (Red Bull)
Monisha Kaltenborn (Sauber)
Martin Whitmarsh (McLaren)
Saturday, October 27 Post Qualifying * Three fastest Drivers from Qualifying
Sunday, October 28 Post Race * First three finishing Drivers

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Chequered Flag and Podium Politics, Ferrari policy of a No.2 statistically irrational, Ferrari upgrades ‘no revolution’

With many of the F1 personnel heading inter-continental, news yesterday and today is a little slow. But here we go anyway.

Ferrari admit they’re in trouble: Marc Gene at a publicity event for Shell Motorsport in Madrid today says the team have a number of upgrades for the Indian GP. He has been testing them in the simulator but is uncertain as to their effectiveness. He admits they will not know whether the upgrades work or not until they try them out on track on Friday. The most troubling comment was, “In India we will take a number of improvements to the cars, but they will not be a revolution, but we hope to help”. (as.com) Playing down the upcoming Indian GP Gene adds,  “Each of the next four races will be important but not decisive in itself.”

The problem Ferrari face is their recent lap times relative to Red Bull. In Singapore and Japan, their best time for the weekend was around 1% slower than Red Bulls, and although they closed this to 0.3% in Korea the kind of upgrades Gene is talking about will at best close the gap and of course Red Bull will not be standing still. To win in India, Alonso most likely needs to qualify on the front row and with the weather set fair this will be a huge ask.

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A Race with over 300 cars, Lotus developing 3 cars at once, Mallya’s license suspended, more F1 News….

Mallya: The judge13 has been following more closely than elsewhere the events unfolding that affect the Indian owner of Force India. Having sold a chunk of the Kingfisher empire this week, paid overdue airport dues and had the warrant for arrest withdrawn, Mallya has now had his airline license withdrawn. The suspension signalled the regulator’s lack of patience with Kingfisher after months of cancelled flights and staff walkouts, and marked a rare tough stance by the government against a high-profile corporate (Reuters)

The move had been widely expected after Kingfisher failed to respond properly to queries from the regulator regarding its ability to provide a “safe, efficient and reliable service”. The airline has never made a profit since its inception in 2004, and a well know airline commentator suggests it could take $1bn to turn Kingfisher Airlines around. (Force India: How the card tower will collapse)

Max Mosely: A very plausible and knowledgeable guest on the Sky F1 show admitted the expose of his by the News of the World of ‘spankgate’ weakened his hand in pushing through cost reforms.  In 2003 Mosely, then head of the FIA, cancelled the use of special qualifying cars and engines in a move to level the playing field for the competing F1 teams. He instigated a ‘parc ferme’ following qualifying that meant the teams could not change engines and other components designed to provide ultra 1 lap speed but not be capable of lasting the full race distance.

In 2008-9 Mosely was trying force the teams to agree to a cost cap on expenditure, and Ferrari in particular were refusing to comply, there were threats of a breakaway series and Moseley admits he should have faced them down as he did in 2003. The reason he gave for avoiding all out confrontation was that Williams and Ferrari in particular had supported Mosely during the highly embarrassing matter of ‘spankgate’ and he felt he owed them for this loyalty. So Max agreed not to stand for re-election and the fudged Resource Restriction Agreement was accepted, something Mosely now admits is not working.

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New Jersey out, Turkey in?, Schumacher to receive ‘Legend of Sport’ award, and other F1 News and comment

Great to see contributors coming up with news I’ve not yet found. Thanks to madmax for this one (23:36 18/10/12).  By the way madmax, you gave us this about 7 hours before the mainstream media reported it. Probably something to do with my permanent state of insomnia too.

New Jersey: Unlike most new circuits who run the approval gauntlet with Mr. E, it appears New Jersey have declined to participate in the 2013 calendar. “The race, scheduled for June 16, 2013, will be pushed back a year in order for track organizers to finish the permitting process needed to complete the 3.2-mile road course along the Hudson River in Weehawken and West New York, N.J. Among other things, track officials are waiting approval from Corps of Engineers to take control of property along the Hudson River where grandstands will be erected” (Speed).

11:40 (19/12) Interesting that Mr. E isn’t saying the usual stuff about no money, in fighting or contractual matters being the problem. They just ran out of time to get everything organised” (Reuters). Interesting how in the developing world the legalities of Health and Safety and a whole host of other bureaucratic red tape don’t affect a new venue as much as in Western Society.

The judge13 did suggest in “A shrinking calendar for 2013” (link – published Sept 15) that, “unless some real sweetheart deals are done, and that 2013 will could well have fewer races than 2012”. Ecclestone’s problem is he can’t be seen to letting his grasp slip on the calendar; particularly as he has negotiated with the teams that they will participate in up to 23 races each season. On this basis to keep the momentum it must be highly likely Turkey, a track owned by Ecclestone and co., will make a return to the calendar. This is one of the better Tilke venues and has always provided a race that’s no procession.

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Mallya charges dropped, but problems just beginning, Sir Jack Stewart talks sexy (Ugh), F1 opportunity for Porsche, F1 News and Links…

Mallya: Boss of stricken Kingfisher Airlines – has bounced cheque charges dropped (business today), and has paid off his arrears on the airport fees – presumably because he has raised some cash from selling a chunk of United Spirits to Diageo  (Mallya forced to sell). Before the champagne (Crystal we think) is cracked this may just be the beginning of Vijay’s problems, because everyone else who is owed money should have realised the way to get paid is to issue legal proceedings. Indian tax authorities who have not received the deducted tax deducted Kingfisher Airlines from their employees are beginning action – it may be some employees are technically liable themselves even thought the Mallya company has taken the money from them. (Economic Times). The Indian courts may find themselves very busy soon particularly if the author of “Is Vijay Mallya India’s worst businessman” is correct. (firstpost.com)

Mercedes: After being heavily criticised by Helmut Marco for recruiting 3 former team technical directors to head up sub-divisions of Mercedes F1 (link), it appears Ross Brawn has decided that he has enough his search for “art directors” and is looking for some “Indians” – less expensive candidates. Here is a link if you are an undergraduate and interested in taking a 1 year placement with the team. (Merc Grad Recruit). To be fair, an amazing opportunity.

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A motorsport ‘Social Revolution’ unique in F1 history.

Editors Note: I understand that more than half of the readers of thejudge13 are not UK-based, but this is worth considering wherever you are in the world.

Formula 1 attracts an audience of around 8% of the world’s population, if we are to believe FOM’s figures. Some 515m people watched F1 last year and its place amongst the privileged few place on the global stage of sporting events is now secure.

My love affair with F1 began over 30 years ago but my experience of watching the sport has been predominantly one of loneliness.  There are only 20 race events a year and most people are lucky if they can afford to attend one, unlike football fans who may attend 20 or more matches a season.

It has taken 3 wives for me to find one who is nearly as F1 passionate as I am, though I think her love of attending Jerez testing during the first week of February has much to do with the mid 20 degree temperatures, glorious sunshine, red wine and tapas.

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Mallya forced to relinquish Control, Ecclestone U-turn, Tooned Cancelled, Sky F1 reporting gets even worse

London GP: Ecclestone says the race is off that was never on. London – city or Olympic Park http://www.cityam.com/sport/central-london-grand-prix-says-ecclestone. I love how he then goes to great lengths to explain why it would be cost efficient and a great idea though. Maybe this undying enthusiasm for pointless ideas and lost causes is how Mokpo not Seoul ended up with the Korean GP (South Korea, Ecclestone and The Emporer’s New Clothes)

Tooned: is cancelled due to Lewis leaving the team – so for the rest of this year at least. Would love to see it return with Jenson and Perez next year. Perez character could be based on being a relative of my childhood favourite cartoon, Speedy Gonzales, a very very fast mexican mouse. For those of you who’ve never had the pleasure…(YouTube). If you enjoyed that and want a free box set worth of them…(YouTube). More importantly Tooned is a way of attracting kids interest in F1 and was a good idea. I think they should just do a best mates breakup story about Lewis and Jenson anyway. My best mate aged 22 didn’t speak to me for a year – its life.

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Force India: How the tower of cards could collapse

Over the past few days I’ve been asked many times and seen people enquiring on various F1 websites as to how much is an F1 team worth. Of course the answer is simple, different teams are worth vastly different amounts. An F1 team is a business venture – registered with a legal identity independent of any rich owner and subject to the business regulations from the statutory authority where they are registered.

 Valuing a business

The way business ventures are valued is highly complex and sector/performance specific. There was old 3 times profit rule that was a fundamental when I studied Finance many years ago. Yet even this most simplistic valuation methodology is fraught with danger when you dig deeper. Is that profit before or after asset depreciation, asset goodwill, taxation, one off accounting entries of substance – I could go on..and on..and on…

I guess my favourite methodology which can be proved beyond doubt and its an old adage, which says “The value of something is best measured by how much someone is actually prepared to.”

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Korea GP review: Alonso and Kobayashi know the game is up. More poor marshalling ruins the race

The rather limp wristed waft of the chequered flag by Psy, of “Gangnam Style” fame, probably encapsulated the event that was the 2012 Korean GP.

The headlines are, Vettel takes the lead in driver’s WDC from Alonso for the first time since Valencia, and Red Bull extend their lead in the constructors’ table, with Ferrari significantly overtaking McLaren for 2nd place.

Marshalling ruins another race

As I suggested following Singapore, the marshalling of the event had a significant impact today and  robbed us of what could have been a very exciting race. How it took until lap 10 to move Nico Rosberg’s Mercedes is beyond me, particularly when considering where it was. Races with high tyre wear are often fascinating in strategy and can produce exciting finishes. By lap 2 when the DRS was available, the cars were still tightly bunched any number of drivers may have been able to have a go at Vettel and a number of position interchanges would have occurred.

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