Category Archives: Grand Prix News

Crowdfunding project is last hope for Caterham

The Caterham administrator has launched a crowdfunding project in an attempt to raise the funds to go racing in Abu Dhabi – and thus save the team for next season.

The hope is to raise £2.35m by November 14, with pledges from £10 and up. While it’s good to see that in contrast to Marussia the team is in theory still alive, the target would seem to be a trifle ambitious, to say the least.

“We are working non-stop to get the Caterham F1 Team back racing, initially in Abu Dhabi,” said administrator Finbarr O’Connell. “Hopefully that will be just a stepping stone to get it back racing on a permanent basis, under new ownership. In order to achieve that one of our most useful, innovative and effective options right now is crowdfunding.

“We want to get as many sponsors and fans as possible involved this week and make our comeback something we can all be part of. This team deserves a future and I’m sure that there are plenty of fans and companies out there that agree with us, so I can’t think of a better way to get us all together and show our support to the team than this one, the Caterham F1 Team #RefuelCaterhamF1 project.

“In order to make this happen, we’ve teamed-up with Crowdcube, the world’s leading crowdfunding platform, which has raised £45m for more than 150 organisations since 2011. If we don’t hit the target by next Friday, obviously the pledged funds will be returned, but right now we are hopeful for the future of the team and we are confident that the team showing the world that it can race again will lead to a bright future under a new owner on a proper financial footing.”

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End of the road as Manor/Marussia ceases trading

The administrator for Manor Grand Prix, the company behind Marussia F1, has confirmed that the organisation has ceased trading. The employees will be made redundant.

The news comes after a last ditch effort to save the team, including a visit by CEO Graeme Lowdon to the Austin paddock, failed to pay off.

The team is known to owe a substantial sum to Ferrari for its 2014 power unit supply – with some sources putting it at $28m.

A 2015 entry had been posted under the Manor name because failure to do would have made it even harder to save the team.

It’s understood that Andrey Cheglakov put £185m into the team over the last four years, and he is left with nothing to show for his investment.

A statement said: With the existing shareholder unable to provide the required level of funding and the Company’s senior management team subsequently being unable to bring in new investment, the Company was placed into administration to protect the best interests of the underlying businesses. The staff had been paid in full up until the end of October.

Regrettably since the appointment of administrators no investment has been secured in the limited time available to continue the Company in its present form. With no sustainable operational or financial structure in place to maintain the Group as a going concern, the joint administrators have now ceased trading Marussia F1 Team and unfortunately have had to make the remaining staff redundant.

“Whilst the team made significant progress during its relatively short period of operation, operating a F1 team requires significant ongoing investment,” said Geoff Rowley, joint administrator. “The Group was put into administration last month following a shortfall in on-going funding and the administration process provided a moratorium to allow for attempts to secure a long term viable solution for the Company within in a very limited time-frame. Sadly no solution could be achieved to allow for the business to continue in its current form. We would like to thank all the staff for their support during this difficult process.

“As joint administrators our immediate focus will be to assist staff who have lost their jobs and provide them with the necessary support to submit timely claims to the Redundancy Payments Service.

“The team will not be participating in the two further rounds of the 2014 championship remaining, in Sao Paulo and Abu Dhabi. The joint administrators will continue with their statutory duties to realise the assets of the business in the best interests of all the creditors.”

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Gutierrez frustrated to lose Sauber seat

Esteban Gutierrez is trying to sort out his future after Sauber’s recent driver announcements left him high and dry.

While he is not one of the drivers with a disputed contract for next year, it’s clear that not only he was unable to conclude a deal with Monisha Kaltenborn, but also that his Mexican backers are extremely frustrated with how things have unfolded at the Swiss team. In essence they lost a bidding war, although there are suggestions that’s not the only reason for their disappointment in Sauber’s management.

“After long talks with the teams and negotiations and everything we didn’t reach an agreement,” said Gutierrez. “That’s the way it is, it’s quite disappointing not to have – yet – a seat for next season, although my priority is to maintain here in F1. Parallel to that we’ve been working on other things, and hopefully that can work out.”

Asked by this writer how long he had know that he was likely to miss out he said: “I knew quite a while ago. Honestly when you work with people for so many years, you know them. You know the body language, you know different things. We were anyway in negotiations, they were interested. It was just not reasonable for us to continue.

“The sponsors are backing me, and I really feel grateful with the, because we’ve been working together through this process. The sponsors are very motivated, some of them have been willing to do different things. They are all together, the same as it is, or even better. Just the deal here didn’t work out – something which is not reasonable, you obviously don’t go forward with it. As simple as that. It’s just too much for what you can ask. It has to be a win-to-win situation.”

Gutierrez admits that F1 opportunities will be hard to find.

“At the moment it’s quite slim. There is probably only one seat available, and we’ve been working on that, and also on other things, which probably require a bit more patience and some risk. We shall share that as soon as we have something concrete.”

Asked if he might end up as a third driver somewhere he said: “We are working on different alternatives.”

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Kaltenborn dodges questions on Sauber contract saga

Sauber boss Monisha Kaltenborn gave very little away when questioned about the contractual mess in which the team appears to have found itself.

Adrian Sutil has an ongoing two-year contract, and Giedo van der Garde is also believed to have signed some time ago.

However both Marcus Ericsson and Felipe Nasr came along with big budgets and have been signed and announced for 2015. It looks likely that Sauber could face legal challenges from one or both of the drivers who have lost out.

Indeed it’s not hard to imagine that Van der Garde’s sponsors are furious that having paid for him to do some FP1 running this year, on the basis that he would race in 2015, the Dutchman has now been dumped. Van der Garde previously took legal action against Spyker over a contractual dispute – and won.

Kaltenborn refused even to concede that there was an issue – and demonstrated in full her legal training. Here’s what she had to say in answer to a series of questions on the subject…:

“We have announced our drivers and that’s how it’s going to be.”

“As I have said we have announced our drivers, if there are any other points related to it these are internal matters which we will discuss internally.”

“I am very clearly aware of my situation and I know what I’m doing. So we’ve announced our drivers, everything else we shall sort out internally.”

“As I told you for me it’s a clear situation.”

“These are internal things which I will discuss internally.”

“I’m not admitting it’s got to be resolved, all I said is if issues are coming up, we will look at them internally.”

“We know as I said what we are doing, and we are sure about that, if others have to go and say something, fine. But we shall discuss all these things internally.”

“Our situation is very clear, that’s what I can talk about. As I said we’ve announced our drivers, that’s it.”

It remains to be seen whether or not she is right to sound so confident…

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Sutil in dispute with Sauber over 2015 contract

Adrian Sutil has made it clear that Sauber has not addressed the issue of his 2015 contract before announcing that Felipe Nasr will join Marcus Ericsson next year.

Sutil signed a firm two-year deal last year which did not require him to bring any sponsorship – and he is paid a salary by the team. Sources suggest that there are no options or any way Sauber can cancel the contract without it becoming an expensive exercise for the Swiss team.

Sauber’s view is clearly that the sponsorship income from Ericsson and Nasr will more than cover the cost of paying Sutil to not to drive – and meanwhile the German is being told that unless he walks away the team’s future is at risk.

Presumably there was some pressure from Nasr’s Brazilian sponsor to go ahead with the announcement last night before the Sutil situation was resolved, which could make things messy legally.

Meanwhile sources say that Giedo van der Garde also has a contract to race for Sauber in 2015 and the team could face two legal challenges….

“There are certain things to talk about, definitely, yes,” said Sutil today. “I mean they’ve confirmed two drivers, it doesn’t mean the drivers are going to drive, and it doesn’t mean the team are going to drive. So there’s no real change from last weekend to this weekend. It’s just an announcement, and now of course in my situation I think I have to do some talking to sort out the things.”

Asked if he thought he would be in F1 next year he said: “At the moment, I don’t know. Maybe. F1 is unpredictable, but as I said there are a few things to talk about first, and the team has to comment on the rest.”

Meanwhile he admitted that the first lap clash with Sergio Perez in Austin was disappointing.

“We didn’t speak, so he didn’t apologise. Anyway, that’s how it is. It’s a shame, it was a good chance for points. A very nice qualifying, it was good to be in Q3 finally with this car, it’s been quite a challenge this year to be honest! So we didn’t expect it. For some reason it got better and better through the qualifying session, and especially on Saturday the car was better than before. So many things to analyse.

“We’ll try of course again here. I look forward to the race weekend, big chances with the weather looking very wet, and I think everyone knows how the race can turn out here in Brazil. We’ve seen many exciting races.”

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Nasr lands second Sauber seat

Williams third driver Felipe Nasr has been confirmed as a Sauber race driver for 2015, alongside Marcus Ericsson.

Basically the Swiss team has taken the two drivers on the market with the biggest budgets. Adrian Sutil had a firm two-year deal and presumably will have to be paid off, while Giedo van de Garde had been confident that he had the seat.

Team boss Monisha Kaltenborn said: “We have been following Felipe’s career path for some time now, and he fully deserves his position in Formula One having had a very successful career in junior categories. We are happy that he will be driving for our team next year. This means that Brazil will have one more young and talented driver in the sport. Banco do Brasil has been an important partner for Felipe so far, and we are delighted that such a renowned company is continuing to support him during this important step. We look forward to this partnership.”

Felipe Nasr added: “It is a very important step in my career to sign with the Sauber F1 Team for the 2015 Formula One World Championship. This is an unforgettable moment that I owe to all of those who have supported me – my family, my friends, my sponsors, my teams and my country. Today the dream has come true. Sauber was responsible for the arrival in F1 of great names such as Felipe Massa, Kimi Raikkonen, Robert Kubica and Sebastian Vettel. I am proud now to also be part of this racing family. I had a wonderful year at Williams Martini, where I learned a lot and prepared myself to be a race driver in Formula One.”

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Caterham not connected to Forza Rossa project, says Kolles

Colin Kolles insists that the planned Romanian F1 team has nothing to do with Caterham, contrary to suggestions that one team might morph into another.

Kolles was advising the FRR/Forza Rossa project before he got involved in Caterham as advisor to buyers Engavest.

“The Caterham F1 issue has nothing to do with Forza Rossa or the FRR F1 team,” Kolles told this writer. “These are two different and separate matters. The problem is that some people think that this administration situation has something to do with Forza Rossa, and it does not have anything to do with it.

“CSL, with their know-how, could maybe have been utilised for a new F1 project because you cannot sell IP directly. It’s not even possible to have IP transfer from one competitor to the other, only to a limited extent.”

It’s understood that FRR has not submitted an entry for the 2015 World Championship, although there is provision in the rules for late entries.

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I’m not thinking about double points, says Hamilton

Lewis Hamilton says he is not thinking about the possibility of losing the World Championship to Nico Rosberg on double points – and says he’s just focussed in winning the next two races.

“You can’t be thinking about it,” he said after his US GP success. “It’s a fact that that is a possibility, but that’s not something that I’m willing to accept, so I’m going to be pushing as hard as I can. I want to win the next races, I want to get as many points as I can. It’s not something I can be thinking of, what happens if this happens in the future? If we lived our life with ‘what if’ maybe you won’t achieve what you set out to achieve.

Regarding his Austin win, he said: “I feel quite good all round. Practice was really good, qualifying was weak – there were two reasons, it wasn’t just the brakes, my driving lines weren’t actually the best. I studied hard last night and fixed that today, and it worked really well. On the race day since I was eight years old I’ve known how I can race, and that still was the same today. My dad always says drive like you stole it! That’s what I do.”

Hamilton says he is better able to deal with title showdowns than in the past.

“I think I’m definitely in a different place to back then. Part of that is just experience, and part of that is just getting older, and having those experiences of winning and losing. I kind of feel that I understand the approach that I need. There’s no real special recipe, or anything like that. Just going to work my arse off for the next two races and try to improve.

“There’s stuff that I can still take out of today. Today is not just a win, there’s a lot of things that I can take out of today in terms of how I drove, the things that I should have done perhaps for qualifying that I didn’t pick up on, which were visible from previous years, small things like that, I have to make sure I pick up on that. It’s just always trying to make sure that you leave no stone unturned, so that after the race you can say you did everything you could.”

Asked about Rosberg’s mental state he said: “I don’t know. It’s something I’m really concerned about. I don’t think about it, I’m just focussing on my job and not thinking about Nico’s.”

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USA could support three F1 races, says Ferrari boss

Ferrari boss Marco Mattiacci is adamant that the best way forward for F1 is to create bigger revenues rather than change the way funds are distributed.

Mattiacci also put a big emphasis on the USA, and believes the country could support three races.

“Ferrari is very focussed on making the cake bigger, not to change a different way of how to slice the cake,” he said. “We don’t have to overreact. We need to look at first how to increase revenues, that’s priority number one.

“Second, to make sure that who comes in F1 is very well aware about the challenge of F1. This sport is innovation, innovation costs money, a lot of investment, long term investment. We keep investing in F1, we are here since decades, we will be for a long time, so that’s our focus.

“We are contributing a lot to the sport, supporting the teams that are working with us. We are ready to do our part, as we always said., I don’t think even if you redistributed revenues those teams would have survived or been competitive. There is money, managers, defining priorities of a project – some teams like Red Bull proved that, coming from very far, with a strong five years project, they came first to be competitive, and then be four-times World Champions. I don’t think that distribution is the solution.”

Mattiacci is adamant that teams have to have a solid business plan: “F1 needs competitive teams. There are many corporations around the world, many big brands, that should capitalise on a phenomenal motor sport platform like F1 is.

“We need competitive teams. I’m not here to say small, middle, we need competitive teams with a solid business background, a solid financial background. At the same time as a strong believer in F1 I think the focus is how to increase revenues, how to make the cake bigger. We are here I the United States where we see that F1 is getting traction. My focus as a company where 30% of the sales are United States I want to make sure we get more successful in the United States.

“I want an extra race in the United States. I want three races in the United States. That’s my proposal, because the American market is fundamental to generate revenues, to attract sponsors, so that’s my proposal.

“When you have more revenues definitely you can talk about having more teams on board. Again I don’t know what is the critical mass for those teams that are struggling, what is the amount of money they need in order to be successful or to be consistently in F1. Fifty million, one hundred million? I don’t know. Depends on the business model they want to establish.”

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Rosberg admits to mistake while battling Hamilton

Nico Rosberg admits he made a mistake when trying to get a power boost while attempting to keep Lewis Hamilton behind him in Austin.

Rosberg wanted the boost at the end of the straight as Lewis was preparing to launch his passing move, but he inadvertently used a control that asked for boost at the next straight.

“I made a mistake because I used the wrong things to give me KERS,” he said. “I thought I was doing the right thing, but there’s a delay in that one, and if I do it with a button it’s immediate, and with a switch there’s a delay. So I never got the extra KERS, and that’s why in the last metres he got a good jump on me. That’s was a mistake that I didn’t know about.

“I went for extra boost, but the way I did it it only comes on the next straight, or it comes with a delay, so I didn’t get extra boost.”

Asked if his error had made a difference he said: “I don’t know, in that situation it would have helped of course. I think he was pretty committed anyway.

“I’m sure I could have done better. It’s a judgement thing, if I defend a lot, then he’s going to brake late on the outside, and try and get me on the next one. I thought to indicate that I’m closing the door would be enough t stop him from trying, but it wasn’t. I was part way over already, and I thought that was enough to make it clear for him that he shouldn’t try, but it wasn’t.”

Rosberg insisted that he’s not compromised by memories of Spa when in combat with Lewis: “No, definitely not.”

He said the positive outcome of the race was that he will take the title battle to the wire.

“Championship wise it’s becoming more difficult, but at the same time it’s is a definite that I have a chance in the last race to win, so with that in hand already, that’s worth a lot.”

As for winning via double points, he said: “It is what it is. I don’t care, As long as I have one more point at the chequered flag in Abu Dhabi. It’s the same for everybody.”

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