Caterham is allowed to sit out the next two grands prix while it fights for survival.
Tag Archive: Bernie Ecclestone
The clock is ticking down to struggling F1 backmarker Caterham’s apparent collapse.
With the Saturday freight deadline for sending cars and equipment to Austin now just hours away, staff remain locked out of the Leafield factory while an unseemly spat continues to escalate between the team’s former and current owners.
Bernie Ecclestone has played down reports he is in advanced talks to bring formula one to the streets of Madrid.
Spain’s El Confidencial claimed this week the F1 supremo is already in possession of a business plan and bank guarantees, as a group of businessmen want the Spanish capital to host an annual street race.
Yet another week in F1 history is passing by with little more known about the future of arguably the sport’s biggest name.
Caterham is on the brink of collapse, as the backmarker team loses even the support of F1 supremo Bernie Ecclestone.
“I think it’s better they go,” said the 83-year-old Briton as the latest developments emerged late on Wednesday. “I don’t want people going around with begging bowls,” Ecclestone told the Sun newspaper in an article credited to business journalist Caroline Reid.
Spanish grand prix boss Salvador Servia insists reports the capital Madrid is bidding to join the F1 calendar do not worry him.
El Confidencial reported in recent days that Bernie Ecclestone is in advanced talks with private investors who want to organise a city street race. Ecclestone, however, has already warned that after the decline of Spain’s second race at Valencia, there is now room only for one annual race per country.
Gene Haas has played down suggestions Bernie Ecclestone could freeze him out of F1 long before his team’s scheduled 2016 debut.
The American might be forgiven if he was alarmed by the F1 supremo’s latest statements, including Ecclestone’s desire for “a formula one with eight teams with three cars each”. And as backmarker Caterham sits on the brink of collapse this week, Ecclestone told The Sun: “I think it’s better they go.
2014 Formula 1 Russian Grand Prix – Marussia withdraws Bianchi’s car in Russia
Bernie Ecclestone has argued consistently that F1’s first visit to Russia should not be mixed with the country’s political situation.
F1 has made the 8,000 kilometre trek from Suzuka to the all-new Sochi Autodrom, but many are not in the mood to celebrate the sport’s latest destination. That is not just because the Russian grand prix is controversial in the shadow of the Ukraine conflict, with president Vladimir Putin slated to attend.
F1 will court further controversy this weekend when Russian president Vladimir Putin oversees the inaugural grand prix at Sochi.