Gerhard Gribkowsky

Daily #F1 News and Comment: Tuesday 13th May 2014

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This page will be updated throughout the day. Please if you are on Twitter press the tweet button below. If you re-write and tweet individual story headlines don’t forget to include #F1. You may not realise how hugely important this is and has helped grow our community significantly. Previously on TJ13: #F1 Features: Newey to … Read more

Nurburgring lifeline, Consistancy analysis, Vettel yellow flag storm brewing in Italy, Kingfisher Airlines finally finished, Champagne & Hot Dogs in Milton Keynes

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Nurburgring: My favourite subject, the 2013 F1 calendar. It’s a week for lifelines, first HRT and now Nurburgring. To cut a long story short, in February the operators of the circuit, NAG, were given an eviction notice for non-payment of rent. Today Motorsport are reporting this matter is now ‘settled’ – how or by whom we don’t know.

2 weeks ago a spokesman for NAG said, “Formula 1 is no more at the Nurburgring”, discussions with Ecclestone were cancelled and all the other 2013 events were at risk.

Today, “Now we have to make progress in the talks with the Bernie Ecclestone toward a contract”, said Thomas Schmidt of NAG. I presume the operating company had been declared insolvent or bankrupt and the original contract is therefore no longer in force. Anyway, good luck lads – Bernie’s feeling a little down and unwanted at the moment, you may catch him in a rare moment of weakness.

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Just days left for HRT, Post race bits, TV ratings, In depth analysis called for by Luca, Bernie’s days numbered, Vettel and the yellow light

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Following a slightly different type of race review – I did feel I little etherial when writing it – here’s a few bits and pieces of post race stuff to tidy up.

Post race bits and pieces

Alonso: I allude in the ‘epitaph’ in the race review my disappointment with both title contenders for their points scoring efforts after the race. Alonso,  “With a car that is slower than the others we can win a championship, with a car that is the same as the others we can win the championship with some races to go and with a car that is a lot slower than the others we fought until the last race”. If’s, buts and maybe’s don’t cut the mustard and it is not worthy of you Fernando to give us this spiel.

I just listened to that interview again and Alonso actually says, “With a kart that is…”, not quite the Prost reference to a ‘truck’ but not far away.

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Ecclestone faces another Fraud charge over 2005 sale of F1 to CVC

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thejudge13 reported in an article Oct 9th “Ecclestone to load F1 with a mountain of debt” that German bank, Bayern LB was suing Bernie Ecclestone for $400m and that Ecclestone and his partners appeared to be cashing in as quickly as possible. Today Bluewaters, an investment fund has filed a lawsuit in New York against CVC, Bernie Ecclestone and BayernLB Gerhard Grikowsky. The claim is that Ecclestone conspired to prevent them from buying the rights to F1 in 2005.

Bluewaters says it had put together a bid for F1 for $1bn ahead of the CVC purchase which was to be funded by Alpolo Capital Management and King Street Capital Management. The claim states that Bluewaters had negotiated with the now imprisoned Gribkowsky of the Bayern LB bank, they were prepared to offer more than any other bidder for the sport.

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What now for Lauda? Ecclestone fraud charges still loom, Kart won’t listed to Vettel’s s*^t, Alguersuari suggests Vettel will be spooked, RB will use new spec alternator in Brazil

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The end of Lauda Watch? This could be it folks, maybe Lauda watch will be no more. Today Reuters report that Damiler-Benz has severed all ties with Aabar investments who sponsor Lauda’s cap at $500,000 a year. Not only have they acquired Aabar’s 40% of the F1 team but also the 9% holding the Abu Dhabi sovereign fund had invested in Damiler-Benz the global car manufacturer.

Aabar have lost over $2bn by trying to be clever and underpin the Daimler-Benz acquisition with a derivatives deal which went wrong. They have in effect lost their shirt and the banks that funded the deal have retained the stock, which by the way is worth double the price Aabar paid for it.

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Hulkenberg refuses contract extension, Webber walks out of FIA conference, Sutil to return to Force India, Ecclestone refutes he’s being replaced,

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Indian GP attendance down 1/3rd: The drivers gave a thumbs-up to the 5.14 kilometre track enjoying the challenge of the layout and the teams and media hailed the clean paddock and the facilities sported a completed look that was not the case last year. However, no one could avoid the dip in the numbers of fans, the most important constituent of any sport, as 65,000 of them turned up for Sunday’s race down from last year’s 95,000.

Mr. E is of course not worried, “First races are always high and the second year goes down. If the third year isn’t going up, then it’s something to worry about”, he jocularly observed “We have a [another] competitor here. What’s the name of that game? Cricket?”, suggesting F1 has a way to go to make an impression on the Indian sporting psyche.

Indian motor sports federation chief Vicky Chandhok reiterated the same three-year cycle and predicted a bigger turnout in 2013. “Formula One is like this only. This is the trend everywhere. From third race onwards, you’d see some kind of stability. Overall, it has been a huge improvement from last year”.

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Lewis keeps Mercedes in F1

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Now the dust is settling following the Hamilton announcement, there are a number of threads to tidy up, but we’ll start with some housekeeping.

Firstly, forgive me for some of the Tabloid headlines which are presently being used and are designed to attract attention, but we are a new blog and it is a good way of grabbing readers who have not heard of us. I will get to the headline of this article shortly.

Also, there has been a certain amount of cynicism over whether we do in fact have access to ‘inside’ information at times, but this is not actually that important except from the fact it is helpful when trying to work out what will be the next talking point.

More fundamental to the articles being written is that we’re trying to address the issues and the questions the headline writers and mainstream F1 travelling media circus miss by chasing the breaking news.

This will hopefully mean that we will call things before the headline writers do. Feathers in the cap so far, Jake Humphrey leaving the BBC a week before it was announced. Further, today a number of high profile media commentators who travel with the F1 circus have now begun looking at why Lewis has actually left McLaren.

One example is Martin Brundle who said on the F1 show on Sky TV that if McLaren had really wanted to keep Lewis they could have done quite a lot more. Without using the word “pushed” he acknowledged McLaren had been feeling the need to move on from Lewis as much as Lewis did from McLaren. Others you will have seen have been saying similar things in reflection a day after the big announcement.

So that’s 2 strong predictions in the first 2 weeks of the blog – not too bad – but a weekly statistic that will be impossible to live up to I suspect.

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German Indictments imminent for Ecclestone

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Today Suddeutsche.de reports the following.

The German Bank – Bayern LB – that once held the commercial rights to F1 and paid Bernie Ecclestone 41million Euro’s in commission to find a buyer – is looking to recover its money.

We now know this money actually just circulated on to Gerhard Gribkowsky, a board member of Bayern LB, who was apparently tasked by Ecclestone to ensure the bank sell to Mr. Ecclestone’s client – CVC. On conclusion of this deal Gibkowsky received an alleged $44m from for his troubles from Mr. Ecclestone but he is now serving nearly 9 years in a German jail for his part in the collusion. His conviction is for participating in bribery.

Bayern LB have applied to see the records of the Munich prosecutors who won the Gibkowsky conviction saying, “We are preparing everything to make possible damage claims.” The prosecutors are apparently more than inclined to offer these files up, however, it appears lawyers for Mr. Ecclestone have sought an injunction with the Munich District Court to prevent this.

This may not be the only troubles on the horizon for Mr. Ecclestone, as representatives of Ruth Kirch, widow of the late media tycoon Leo Kirch, also wish to lodge a half a billion dollar lawsuit against Mr. Ecclestone. Kirch used to be the main shareholder of the F1 commercial rights before entering into loan arrangements with Bayern LB offering the rights as collateral.

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2013 Mercedes: To race or not to race?

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I am going to be otherwise engaged after today until after the weekend, but there are a few stories knocking around today, so we’ll have a brief look at a few of them.

Mercedes pulling out of F1?

Today a number of German publications have been carrying the “Mercedes pulling out of F1” story, in particular Auto motor und sport. Mercedes have consistently refused to sign the new Concorde agreement with Ecclestone’s FOM to commit to the sport until 2020.

It appears that earlier this year, Mercedes were not happy with the proposed slice of money they’ve been offered which has prevented them from entering into the Concorde agreement. Since then there have been rumours that the main board of the German car manufacturer wish to distance themselves from association with Bernie Ecclestone following his alleged involvement in the bribery scandal that has seen a German banker Gerhard Gribkowsky sent to jail for nearly 9 years.

Then Mercedes announce today they will not decide on Schumacher’s future until October. This is significant because the he deadline for teams to register their 2013 entry is now 30th September 2012 and there is speculation Mercedes will not meet the deadline.

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