Pastor Maldonado

Breaking News: Wednesday 6th march 2013

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This page will be updated throughout the day. Click on the tab above for the latest updated version. If you follow @thejudge13 on twitter you will see when I tweet a new headline and know the post has been updated.

Maldonado’s Sponsor dies

Venezuelan president Hugo Chavez has lost his two-year battle with cancer, it was announced today. Chavez spent the bulk of his final months in Cuba, undergoing medical treatment and returned to Venezuela only last week.

untitledNews of Chavez’ death was confirmed by Venezuelan vice president – and chosen successor – Nicolas Maduro. In his remarks, Maduro alleged that Chavez’ cancer had been the result of a plot by the controversial South American leader’s enemies.

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Pirelli F1 future, Mallya’s personal jet confiscated by tax authorities, Mercedes reveal sound of their 2014 V6 Turbo F1 engine, Frijns short of cash, Maldonado warned by Wolff, Bottas ‘the puppy’

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Follow thejudge13: Why not follow thejudge13 by email. Click on the button at the top right of the page to receive an email when (and only when) a new article hits the interweb.

I have now put 2 RSS feeds at the bottom of the right hand bar for those of you who know how to use them for updates.

Pirelli’s Future: In the UK parliament when a matter has been discussed previously, but the issue is raised again, the speaker will often sa rather dismissively, “I refer the honourable gentleman to the answer I gave earlier”. Well TJ13 reader DWilD had a good old soul cleansing rant about the indecision and dithering in F1 over race calendar, Concorde, driver line ups for FI and Caterham…. well sir I have another to add to the list. Pirelli.

Their contract expires at the end of this year and there is no sign of a new one being signed by FOM/FIA. For the past 2 season’s Pirelli have added something to the spectacle of F1, many complain matters have gone too far and the biggest complaint is that they want to see driver’s pushing flat out, not worrying about tyre wear. Jenson on more than one occasion has alluded to the fact that his deliberate ‘under use’ of the tyre has cost him places…I think even a win but can’t remember where.

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Brabham family win 3 year legal battle, Bottas discusses Williams 2013 car: FW35, Alonso responds to Her Marko – briefly, Grosjean strategy for F1 in 2013

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Follow thejudge13: Why not follow thejudge13 by email. Click on the button at the top right of the page to receive an email when (and only when) a new article hits the interweb.

I have now put 2 RSS feeds at the bottom of the right hand bar for those of you who know how to use them for updates.

Brabham family win legal battle: Before the start of the 2010 season, a German businessman who bought the remains of the Super Aguri team lodged an application with the FIA to start a team under the Brabham name. The Brabham family then began court proceedings, claiming they knew nothing about the team or the businessman’s rights to use their name.

Two other legendary F1 constructors, Lola and March, also lodged applications to join the circus in 2010 but their efforts that came to nothing.

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Jackie Stewart accuses FIA of ‘disorganised management’, Maldonado funding hangs by a thread, Ferrari’s big plans for a new F1 facility, F1 drinks Texas dry

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Follow thejudge13: Why not follow thejudge13 by email. Click on the button at the top right of the page to receive an email when (and only when) a new article hits the interweb.

I have now put 2 RSS feeds at the bottom of the right hand bar for those of you who know how to use them for updates.

Jackie Stewart dismissed by the FIA: Just when you thought it was safe to read F1 news again we get Big Ron vs Lewis revisited, the F1 2013 calendar and now flag-gate all resurrected in a week.

Following the Brazilian GP, Jackie Stewart has been critical of the FIA’s handling of ‘flag-gate’. In an interview with Christian Sylt Stewart on cityam.com the former triple world champion asserts, “Was the judgement of yellow and green flags right or wrong in Brazil and why would that have to come up on a Wednesday or Thursday? That is a huge statement of a disorganised function that it should come up then.”

Sir Jackie argues the FIA practice of rotating the stewards race by race is problematic. ““How can you possibly have four different stewards at every Grand Prix? Why have you not got one professional – one man who goes to every race who is going to make consistent judgements and has got authority?”

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Drivers to suffer points penalty, Massa criticises Pirelli, Protest planned for race day, A shame for Scumacher,

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I’ve published an extra news page today, because a lot of what is occurring is US time zone sensitive to add it to the one published UK time 2am. To add to that page would make it enormous and difficult for those who visit a few times to find the updates.

I had a good chat with a thejudge13 reader from Mauritius yesterday – there is no TV feed there so they have to watch on the internet. Anyway today here’s a shout out to those of you in Singapore. Say Hi if you wish.

FIA to bring in points system for drivers: Charlie Whiting, head of all things technical at the FIA (allegedly) has said today, “We would like a system that is at that similar to the one experienced by many holders of public road driving licenses. We will discuss this issue next Wednesday in Brazil with the teams”, says Charlie.

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Austin will favour Red Bull, Mercedes should’ve kept Schumy not Nico, FOM wants USA GP2, McLaren supply to Force India ends, Huge Brawl, How Maldonado finds an extra 1s per lap,

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Note from the editor: Sorry folks, had a couple of days off – anyway we’re back. I notice quite a lot of you must have thejudge13 saved in your internet browser as a favourite and use this as the way of coming to the site. Over the Winter there may not be an article every day, so if you sign up for the email service (side bar on right at the top), you’ll get an email when thejudge13 has published an article/news AND only then. Anyway some news catchup. . .

Mallya sells, implications for Force India: Shares in United Spirits soared this morning 14 per cent to hit its new 52-week high after Uk-based firm Diageo Plc said that it will acquire 53.4 per cent stake in United Spirits for around $2bn. Vijay, will remain as chairman, however the real power is transferred to Diageo representatives who will take on the roles of CFO and CEO (Economic Times).

This sounds like good news, yet industry experts reckon it will cost no less than $1bn to get Kingfisher airlines back in the sky’s and Vijay has until 30th November to satisfy the Indian Aviation Authorities that the Kingfisher Airlines new business plan is sound – and clear the debts.

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Quinghua in? Fernandes to step down? Austin Sherrifs unconcerned, Marko slates Webber, FIA needs $40m more, France GP – AGAIN!!! Turkey more likely in 2013, Wolff speaks about Senna,

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Marko critical of Webber: Our favourite German newspaper Bilde.de tells us today that Dr. Helmut Marko has pointed the finger at Mark Webber, after the Australian’s messy race in Abu Dhabi. at thejudge13 we think Webber was lucky not to be penalised for his move on Maldonado and his clash with Massa. After the race Webber himself admitted he should have stayed clear of the dueling Perez, DiResta and Grosjean and by not doing so ended his own race when he was too close to avoid the inevitable crash when it occurred.

Marco, not known for mincing his words says, “You can’t have more errors than that in one race. That was not a good day for him.” As if that’s not enough, Marco wants to make his opinion crystal clear telling us, “The start was no good, and the accidents were not good. It’s too bad, because it affects us in the constructors’ championship.” This is a slightly dramatic conclusion from Helmut as Red Bull will inevitably collect the 5 points they require to win the constructor’s title for the 3rd successive year.

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Abu Dhabi GP Review: Red Bull exploit the rules again, McLaren questioning Perez signing, Prost: French GP unlikely, Webber woeful

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After a race that left most of us breathless, I’m struggling a bit to know exactly what to say. The pictures said it all. The desert races of Bahrain and Abu Dhabi are not renown for their previous excitement – maybe 2010 because it was a title decider, yet even that was rather processional. Anyway, here’s some thoughts on the proceedings and other F1 news.

Just one point I’d like to make as we had an unprecidented number of views yesterday and today reading thejudge13 scoop on fuel being the RB issue 90 minutes before it was announced. Some people who are new to the site may not realise I am not partisan to any driver team or individual in F1. I know a number of them.

The judge13 has a skeptical eye towards all things F1 – nothing is sacred and everyone is a target for comment good and bad. I don’t hate anyone or any team as has been suggested 😀 I just love F1 whether it be the intrigue, destructive self obsession or just the racing in general. I thank you…

State of title races: Red Bull need just 5 points for constructors title and Vettel needs just 15 more than Alonso in Austin. McLaren 22 points behind Ferrari and would have closed this nicely had Lewis’ car not failed. I still think they will overhaul Ferrari as the car looks very fast – but time will tell.

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Lauda gives Brawn vote of confidence, Barichello wants back in F1, Lauda lectures Webber, Major sandstorm Abu Dhabi, F. India reject pay drivers

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Torro Rosso unchanged driver paring for 2013: It’s a busy day for news – my fingers can’t keep up. Anyway sacking both their drivers last year and then amusingly producing a fairly woeful car, it was inevitable that the Italian Red Bull team would announce no change in their driver line up for 2013. There’s not reallt a lot to say about this, other than what I’ve said already. If I can think of something to say I’ll add it later or if anyone else has ideas please feel free to comment. End of announcement!

FIA Press Conference Shedule: Abu Dhabi

DATE TIME GUEST
Thursday, Nov 01 1500 hrs Jenson Button (McLaren)
Kamui Kobayashi (Sauber)
Felipe Massa (Ferrari)
Vitaly Petrov (Caterham)
Charles Pic (Marussia)
Daniel Ricciardo (Toro Rosso)———————————
Friday, Nov 02 1900 hrs Ross Brawn (Mercedes)
Antonio Cuquerella (HRT)
Pat Fry (Ferrari)
Andrew Green (Force India)
Remi Taffin (Renault Sport F1)

Wow, Pat Fry – there isn’t a chance in hell the row over upgrades with Alonso and the near miss F1 2012 twittergate #3 won’t be mentioned. Force India appear to be turning up a week late, but Andrew Green predictably not be able to confirm anything about Nico’s replacement as the list of candidates is still growing. Petrov, Pic and Ricciardo will be the naughty boys on the back row. Hopefully someone will ask Ross about his relationship with ‘Lord Lauda’. Poor Antonio will be quizzed as to whether the cars have been to Kwik Fit for some new brakes. Kamui will need tissues as its likely to be his last appearance at such an event and most people won’t even know who Remi Taffin is (something to do with V6 2014 engines).

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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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