Daily #F1 News and Comment: Thursday 11th July 2013

This page will be updated throughout the day GMT 11:31 13:00 15:27 15:49 (Update ‘Sauber vultures circle’) The Ferrari Family At times I wish I was Italian, I love the way my Italian friends back home eat, drink and do life together. Italian culture, unlike other westernised societies, has retained a real sense of family … Read more

Fernley criticises Hulkenberg, ‘Concorde’ agreement faces anti-competitive legal scrutiny, Williams lose 2 contracts in 1 week, SKY need new sposnor, McLaren target 2s stops ‘as normal’, Austrain GP no go, Barrichello to leave INDY

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Fearnly criticises Hulkneberg: It appears Nico Hulkenberg’s move to Sauber may not have been the best decision of his career – if you listen to deputy team principal of Force India, Bob Fernley.”Nico has left the team at an inopportune moment for him,” he suggested in an interview with Autosport ‘.

He goes on to argue, “If you look at the stats since the summer break, the Force India car was clearly the fifth best performing. We’re still quite a distance off the top four, but since the summer break we’ve forged ahead of all the others.”

We then get the usual platitudes of separated lovers remaining friends, “We’re very sad to see Nico go,” he said. “He’s been a great asset to the team. We’ve enjoyed having him around and it’s a loss to us. There’s no question that we’re sad he’s leaving.”

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Austinites view F1 like a folk festival, McLaren fundamental to Formula E 2014, Who is the F1 driver chain smoker? Teams sharing garages, 204 less pit stops in 2012, HRT sale forced by bank bailout request

Bank bailout forces HRT sale: Meanwhile, the team travels to Austin with the minimum staff to compete and avoid a financial penalty from FOM for being absent (as.com). We may well see the cars qualify, start the race and retire the cars after one lap.

thejudge13 has previously reported that HRT are using parts way beyond their sanctioned life and has a debt to repay before December 2nd or face dissolution. Thesan Capital, we believe, is a front for the Banco Popular who applied yesterday for a bailout of 2.5bn Euro’s. The terms of the bailout are that all non-profitable assets of the bank must be identified and disposed of – including HRT.

As to the story that Colin Kolles is interested in buying the team, this is fantasy by Thesan Capital. He was ‘exited’ last December when the debt from Banco Popular was assigned to Thesan Capital who on taking control issued a statement explaining Colin’s departure, “This is due to the new direction that the team has taken and the decision of the new management to move the team headquarters to Spain,” it read. (Yallf1.com)

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