McLaren F1

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

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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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BIC promoters only expecting half a crowd, Kingfisher employees to disrupt F1, Discord not Concorde in Paris, 1st Lap of COTA more F1 News

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FIA meeting today: Press release 18:05 GMT – “During a constructive meeting, Jean Todt, the FIA President, in co-operation with Bernie Ecclestone, the Commercial Rights Holder, has presented to all F1 Team Principals the new structure of governance, including the new conditions of entry for the Concorde Agreement, starting in 2013. All the participants in the meeting were encouraged to seek clarification which resulted in a fruitful and helpful debate on how the new structure would operate in 2013 and beyond. A further important step has been achieved today to secure the future of the F1 World Championship which should lead to a final settlement to be reached between the FIA, the Commercial Rights Holder and the Teams in the coming weeks. (FIA.com)

On the agenda. The FIA is insisting on only 6 teams, Ferrari, Red Bull, McLaren, Mercedes, Williams and Lotus to be part of the F1 Commision going forward. There were clarifications requested by the teams on the definition of customer cars and particularly the provision of 2014 engines. Renault has refused to increase the number of customers it supplies engines and with Cosworth up for sale this leaves Marrusia and HRT possibly without engines. Renault are objecting to the lack of competitiveness of these teams car designs, saying it is bad for their brand. A solution mooted is for them to buy a customer car from a larger team and then have an engine supplied.

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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…

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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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Force India: How the tower of cards could collapse

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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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Schumacher Retires – Really?

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So Michael announces his retirement in Suzuka. Adam Cooper has the full and rather emotional speech here, so I won’t publish it all. What surprises me is that Schumacher has been driving pretty well this year, here’s some head to heads

Head to Head – Schumacher/Rosberg/Massa

Ave grid position                     Ave qualifying time outside poll position

7.5     Schmacher                    0.936secs    Schumacher

8.5     Rosberg                         1.145secs    Rosberg

10.8   Massa                            1.095secs    Massa

Ave finish position                 Head to head qualifying

7.1      Schumacher                Schumacher/Massa       10 to 4

8.1      Rosberg                       Schumacher/Rosberg    8   to 6

9.8      Massa

Finished ahead of (completed races)

Schumacher/Massa        3 to 4

Schumacher/Rosberg     6 to 1

People have criticised Schumacher for not finishing enough races, 7 in fact, but If you consider the list of problems Schumacher has had, his contribution has been minimal (in bold)

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Whitmarsh: It was all about the money

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James Allen reports Martin Whitmarsh speaking today at a Vodafone phone in (say that after a few drinks) when discussed his feelings over losing Lewis Hamilton, his lack of regrets on the matter and the matter of Ferrari’s complaint to the FIA of the McLaren front wing being too flexible.

On the matter of Hamilton and sans regret, Whitmarsh words are, “The offer that we made was higher I believe than any driver in Formula 1 is currently receiving or will receive next year.”

Ok, thanks Martin that’s all cleared that up then… or does it?

I’ve read this carefully constructed sentiment a number of times over the past week and Whitmarsh has repeated it on a number of different occasions, not a single occasion merely reported differently by different sources.

“We made a very, very big financial offer, bigger than I believe any Formula One driver is enjoying today,” (Reuters)

And in a different interview reported in the Mail,

“‘We made a financial offer which is better than anyone in Formula One, other than Lewis himself, receives today, and that is something I am comfortable with.” (Daily Mail)

I try at times to resist my instincts, but after a semester of textual and literary criticism that has never been fruitfully employed in over 20 years, it’s time to dust off the text books.

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Hamilton: The tipping point for Whitmarsh

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It appears Martin Whitmarsh days may be numbered as Team Principle of McLaren Racing.

First a brief background of Martin and McLaren: He studied at Portsmouth Polytechnic attaining a degree in Mechanical Engineering. He joined British Aerospace and in his 9 years there, he had been promoted to Head of Manufacturing for the Hawk and Harrier airframes having a specialism in advanced composite materials.

He joined McLaren in 1989 as Head of Operations. On March 1st 2009, he assumed the role Head of McLaren Racing, when Ron Dennis stepped down to concentrate on developing McLaren automotive, the road car division.

Each of the 3 previous years under Whitmarsh, McLaren have trailed home Red Bull in the constructor’s championship. And whilst having built a reputation for being the best team during the season to advance their F1 car development, have also failed to deliver a World Driver’s Title in this period.

Whitmarsh clearly set his stall out to retain Lewis as a driver for the team at all costs to himself, but it seems obvious that he on Dennis were not on the same page (link to prev article). The whole twittergate and telemetry saga was quite ridiculous. I’m all for freedom in the social media of F1 personnel and with regards to the previous “WTF?” Lewis tweet – who cares?

The telemetry tweet was a completely different matter, a most serious breach of conduct imaginable. Lewis was criticising his own teams’ judgement call in public as well as embarrassing he whole team by publishing confidential internal documents. Ask any one of the senior team members how much they enjoyed the flood of fun poking taking texts they received from t other teams following Lewis’ action.

Yet Whitmarsh took no action. All we had was a slightly embarrassed, “we asked him to take that one down” comment and nothing else. No reprimand, no fine and I don’t think we even heard Lewis apologise in public for the very public embarrassment he caused.

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Singapore GP review: Safety Car ruins the race! A boring race for Kimi

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“The Safety Car is now redundant in F1” – a review of the race.

The day after a race can be a something of an anti climax. We have eagerly anticipated the race weekend, and then in a couple of hours or even less it’s all over. The drivers and key players all have their say immediately and both official and social media declare their summary opinion in a matter of hours. There may be the odd contentious issue that drags on to the next day, but of course the day after an F1 race is always a Monday  – back to work for most.

Yet today it seems worse than usual and I’m left wondering why. As I reflect on the Singapore 2012 race it leaves me with a palpable feeling of disappointment. Such a fabulous setting, a championship well poised and with the chasing drivers qualifying better than the title leader.

Kimi, never one to mince his words said, “It was boring race. You can be quite a bit faster and you cannot get past so it’s not very exciting for us or the people watching.”

I don’t think hearing Lotus issue a version of the now infamous Ferrari dictum, “Romain – Kimi is faster than you” adds to the excitement, but to say the race was boring from a spectator’s perspective is probably a little harsh.

Massa and Senna’s battle and subsequent collision was pretty spectacular and after me criticising F1 TV last week for missing too much exciting action, it was inevitable they would catch some on board live footage that had us jumping out of our seats in amazement.

Schmacher gave us another spectacular example of why insurance companies general lay the blame for crashes firmly on the driver at the rear of the shunt, and for a moment it looked as though Verne was striding over to remonstrate with the F1 veteran. All ended well with a man hug and an apology – well admission of a mistake – from Schumacher.

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