“London grand prix once again moves a step closer to reality”
Tag Archive: The Times
Bernie Ecclestone agreed to reduce the race fee as he extended Korea’s grand prix contract through 2016, the AFP news agency reports.
F1′s annual trip since 2010 to Mokpo is among the most controversial and least popular on the calendar, but promoter Park Won-Hwa said on Friday a new contract has been signed. “We had to renegotiate with Mr Ecclestone and brought a few ideas and persuaded him that Korea cannot continue the event with such a big financial loss,” he said.
Korea, among F1′s new breed of grands prix, is far from the most popular stop on the sport’s annual calendar.
Well-known British F1 photographer Darren Heath tweeted from the metropolis Seoul: “Fantastic 3 days. Early train to Mokpo tomorrow. “(It’s) like being in London then heading to Shetland for an F1 GP. Mad,” he concluded.
Valencia will not be on next year’s F1 calendar, Bernie Ecclestone said on Saturday.
He confirmed that, starting in 2013, an annually alternating deal between the Spanish port city and Barcelona will begin. Barcelona, the scene of this weekend’s Spanish grand prix, will host the race in 2013, before Valencia returns to the schedule in 2014, the F1 chief executive told Reuters.
F1 needs to resolve its dispute with Mercedes before the sport’s multi-billion dollar floatation plans can go ahead.
That is the warning of the German team’s chief executive Nick Fry, as Mercedes refuses to sign up to the new Concorde Agreement because rival top teams Ferrari, McLaren and Red Bull have been offered better deals.
Mercedes is “on the verge” of quitting formula one.
That is the alarming claim of the London newspaper The Times, in an article written by its authoritative F1 correspondent Kevin Eason. Eason wrote that while rival top teams Ferrari, McLaren and Red Bull will get to appoint directors once F1 is floated on the Singapore exchange, Mercedes has not been extended the same offer.
Tyres. The political dramas aside, that word utterly dominated the Bahrain grand prix weekend.
Afterwards, Michael Schumacher admitted he was “unhappy” with the situation. “Sometimes we are driving only 60, 70 per cent through the corners,” he is quoted by Bild newspaper. Pirelli did not take the criticism lightly, insisting it has made Canada 2010-style, heavily degrading tyres to order, for the benefit of the ‘show’.
Rumours are swirling after qualifying in Bahrain that Force India was deliberately excluded from Saturday’s ‘world feed’ television coverage.
That coverage is controlled by Formula One Management, the sport’s Bernie Ecclestone-run company. F1 chief executive Ecclestone is believed to have been angry on Friday that Force India sat out the second practice session over security fears.