Ross Brawn

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

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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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Stewards “fiddle while Rome burns”, Mercedes up budget for 2013 by 50m euros, Alonso ‘perfect’ qualifying, Ecclestone calls for F1 personnel to snitch on their own teams, Murdoch wants to own F1

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Red Bull mislead FIA: It appears from the statement released by the FIA, that Red Bull may have initially tried to mislead the stewards. The statement says, “The stewards heard from the team representatives and the driver and studied the telemetry evidence that showed the reason why the car was stopped. The stewards accepted the explanation and considered the incident as being a case of force majeure.”

“However a report was received from the technical delegate that showed during post qualifying scrutineering an insufficient quantity of fuel for sampling purposes.”

Naughty naughty

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Lauda poking around Brackley, Expect double overtakes with 2 DRS zones, Alosno persists with denials, Marrusia in finaicial crisis, Alguesuari gets desperate, Sunsets Stats & Kimi too

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Lauda – what exactly is his job?: In a Q&A with Auto Motor und Sport, Niki explains his contribution to Mercedes. When asked how Mercedes can find 1.5s to match Red Bull when the drinks company spends 100m euro more he tells us, “We now have to analyze carefully whether the money factor plays a role, and if so what. I can say it but not yet, because I still go to school. This is part of the inventory.”

Remember Lauda said a couple of weeks ago that money had been wasted so far at Mercedes F1, and they needed to deliver more for less. Mmm.

Niki was asked how he could bring Mercedes to success. “The first part of this task is to take stock. I find myself just in the learning phase. That’s why I’m already some time been in the factory in Brackley and I will continue to do so regularly. It is important for me, along with Ross Brawn introduced to every aspect of the team, the car and the tools in the factory to be. Every time I go to Brackley, I get it. I need to understand the context of the processes, and then with my logic, direct access, which I, in common with Ross find a solution.”

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Alonso unwisely refutes La Stampa, Kimi unhappy? Todt taunts Brawn, Pirelli want 8 compounds, Webber reprimanded by FIA

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Alonso refutes La Stampa story: Fernando Alonso has dismissed as “not true” reports in the Italian press of a post-qualifying row with Ferrari Formula One team members in India last weekend. thejudge13 reported yesterday that the Turin paper, La Stampa newspaper claimed the Spaniard took exception to media comments by Ferrari’s British technical director Pat Fry, and threatened to publish a ‘tweet’ about a lack of aerodynamic progress since May this year. (LINK)

Alonso hit back on twitter, “The problem is when it is not true,” and added in Spanish “It’s not fair to your readers,” ending the exchange with “Forza Ferrari.”

The difficulty for many modern F1 watchers and in this case Fernando himself is they do not understand Ferrari and its history. If something over the years is published in La Stampa, it has been historically seen as sanctioned if not leaked by Ferrari because the Agnellis family who own the publication are very much part of the same family as Ferrari.

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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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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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Gangnam Style banned by Ecclestone, Marko dismisses “Lord Lauda”, Cracks in Ferrari unity….and other stuff…

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Its Thursday before race weekend, lots going on so today is bite sized links to the less reported comments with a few wry comments from me.

  1. Psy – the Korean pop star with one off world wide hit “Gangnum Style” is going to wave the chequered flag on Sunday. Yes I know this was announced yesterday but celebrities waving the chequered flag does not always work too well. Ask Pele about Brazil 2002. (YouTube link). For those of you without video capabilities, When Pele was asked to wave the chequered flag at the Brazilian Grand Prix it seemed a perfect PR opportunity, the country’s, if not the world’s, greatest footballer at one of its biggest sporting events. And, to be fair, it is not exactly a task burdened by onerous or complex rules. But, it seemed the organisers appeared to fail to explain the intricacies of Formula One to the great man, so when Michael Schumacher crossed the line to take the victory, followed home by brother Ralf, Pele was busy chatting with officials and forgot to show them the flag. Alerted to his mistake, he enthusiastically waved the flag at the next driver past, which happened to be Takuma Sato who was some two laps behind the winner, meaning technically he had won the race. “Pele is very little,” noted Schumacher. “I didn’t see the flag though, that’s the only thing I noticed.”
  2. Talking of Psy, whether he is a one hit wonder or not, he his HOT HOT HOT at the moment. The promoters of the Korean GP had a spoof video made with the “Gangnam style” soundtrack behind track workers dancing and clips of F1 action at the circuit. It was posted on YouTube and the video went viral worldwide. Of course FOM and Bernie’s lawyers spotted it and told YouTube to take it down as it was showing clips of copyright material. This morning my daughter who knows I’m connected to F1 but she shows no other interest in the sport – she asked me out of the blue, “Daddy where can we see the Gangnam video with your racing cars?” Trying to attract the youth to F1 Mr E? – FAIL!!!

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Montreal promoters go bust, Schumacher gives Mercedes 5 mins warning, Perez must stop fibbing, Kingfisher employee family suicide

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It’s race weekend, and for those of you who have only joined us since Singapore, thejudge13, is often a little quieter over race weekends – as the focus of the F1 world is on reporting breaking news – who said what to who – who was fastest in which session, so Friday (or is it now Saturday in Japan) before a race is a good time to try to tie up any loose ends that are worthy of note, but not a full article.

A bit of housekeeping first.

Please, please leave comments to the articles, even if you think I’m talking rubbish – tell me. I’ve only had to moderate 1 comment so far for use of the f-word – it still got published but with “[mod]” replacing the offending  euphemism.

Also, if you enjoy thejudge13 follow us. This will help us further down the line get live F1 twitter/site guests to come and debate with us and answer our questions. You can follow on twitter and/or email. The buttons on the  vertical bar to the right of the screen. If you click for email, you will ONLY receive email when a new article is first published. Retweets and favourites are very good for getting us ranked higher in the busy twitter #F1.

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How Lauda got the top job in Mercedes F1

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It’s the old tale of ‘not what you know, but who you know’ that matters in life. I was extremely puzzled when I read about Niki Lauda’s involvement in mediating between Mr. Bernie Ecclestone and the board of Daimler Benz.

As I’ve previously documented, Daimler and Ecclestone were at loggerheads following the draft Concorde agreement as published before the start of this season. Such that Mercedes the car manufacturer was seriously threatening to pull out of F1 for good, or until Ecclestone was gone. (link)

Ecclestone in turn dismissed them as having “done nothing in F1” which poisoned the chalice further.

Such was the heated animosity between the parties you would think it was time to call upon one of history’s enigmatic peacemakers; one who had attained Alfred Nobel’s greatest honour; the like of Mother Theresa or Mahatma Gandhi.

As these 2 are unfortunately no longer with us, we must look to the land of the living and would probably settle on someone with the political nuance of Kofi Annan and the humility and wisdom of the Dalai Lama.

Enter the dragon’s den – Niki Lauda!

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