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  • F1 2014: US GP Preview – Formula 1 Goes Country

    F1 2014: US GP Preview – Formula 1 Goes Country

    Judging by the harmonious blend of NASCAR and beer the Americans have a pretty good idea on how to spend most of their weekends. More recently they struck on another golden combination by bringing the world’s premier racing serious to the lone star state of Texas.

    Dubbed the Circuit of the Americas, or COTA, Formula 1’s return to the US was celebrated with a rowdy return in 2012. This circuit too was designed by Herman Tilke but unlike his other occasionally tedious attempts at modern circuit design COTA has been lauded by drivers and fans. “Hand on heart, this is probably the date on the calendar I look forward to the most,” says Red Bull’s Daniel Ricciardo. “The Circuit of The Americas, in my opinion, is the best of the new breed of circuits. The nature of the corners is interesting. It’s also a very busy track where you don’t get much respite. The first sector is very special and that first turn, blind up the big hill is like nothing else in Formula 1. It’s also a good example of the excitement a late apex can create: you can have a really good lunge there. They’ve done a very good job.”

    A storm is brewing towards the back of the Formula 1 grid as two teams in particular are having a difficult time in coping with the new turbo-charged-money-pit-era of the sport. It has led to the announcement that neither Caterham nor the Marussia team will be taking part in Texas this weekend. The great hopes once held for Caterham now lay in shards as administrators Smith and Williamson, who now own the team, set out to look for a possible buyer. Its debut in 2010 and the following season for Caterham seemed to suggest a lot of potential. They were the team most likely to be snapping at the heels of the mid-field and possibly score a point or two, such was their progression. However, in the last two seasons the team seems to have hit a brick wall and was overtaken by main rivals Marussia. Caterham’s absence, with permission from Bernie Ecclestone, will also include the team missing the Brazilian GP.  At Marussia financial woes have meant that team cannot run either.

    sebusThis should make for an interesting qualifying session. Along with the four cars already missing from the line-up Red Bull has already announced that Sebastian Vettel will not take part in the qualifying session. Vettel has chosen not partake as he will incur a ten-place grid penalty for using a sixth power unit, one more than is allotted for a season.

    Not that long ago the announcement that Formula 1 would transform to hybrid, turbo-charged cars for 2014 was met with serious speculation as to the cost involved. Several teams, some of the big-wigs too, had genuine fears about the financial implication of such an imposing transformation.   With two teams not making the trip to Texas or Brazil; a few others like Lotus and Sauber are in quite a fight to keep their head above water; and with Vettel missing in action from quali you have to wonder if those who pushed for the comprehensive rule changes are still as boisterously confident as before.

    Formula 1 is a sport of extremes and over on the other side of the grid Mercedes is making merry and raking in the prize money. The circuit in Austin, Texas isn’t as power-hungry as Russia’s Sochi track but this will do little to eat into the colossal competitive advantage that Mercedes wields.

    America – the land of opportunity so goes the famous saying. With three consecutive victories Lewis Hamilton has been making the most of hisCOTA and now sits seventeen points clear of teammate Nico Rosberg. What can Rosberg do to break the ominous momentum of his champion teammate, more importantly; does he have the mental fortitude to beat an extremely confident and ridiculously comfortable Lewis Hamilton on an equal playing-field? There isn’t a doubt that Rosberg is a quick driver with some savvy skills. As this championship draws to a climax he’ll need to call on all of it to prove that he has what it takes to be the 2014 world champion. How deep can Nico Rosberg truly dig?

  • Broadcast Times for the 2014 Formula 1 United States Grand Prix

    Broadcast Times for the 2014 Formula 1 United States Grand Prix

    It’s been a rather eventful three weeks in the lead up to Round 17 of the Formula 1 World Championship. We’ve seen two teams exit the sport with very little chance of either team returning. To add insult to injury there are threats that there are more teams that may fold and exit the sport. It has truly been a sad few weeks.

    As sad as these past events are, the show must go on. The F1 circus returns to the Circuit of the Americas in Austin Texas for the United States Grand Prix. This is only the third time the track has hosted the US GP and every year it gets bigger and better.

    With Mercedes winning the Constructors Championship at the Russian Grand Prix, and with Red Bull in a comfortable second, the battle between Williams and Ferrari for third is all to play for. There is just 28 points between the two teams and we can be certain that both teams will be pushing for strong points finishes in the final three races.

    With the Constructors Championship decided. It just leaves the Drivers Championship. Mercedes’ Lewis Hamilton took victory at the inaugural Russian Grand Prix and extended his championship lead by 17 points. There is still everything to play for between the two Mercedes drivers, although some believe that Hamilton does have the upper hand.

    With the race in the central part of North America we can expect rather late times for this weekend. Below are the TV broadcast times for the 2014 Formula 1 United States Grand Prix(All times are GMT+2)

    Free Practice 1: Friday 17:00

    Free Practice 2: Friday 21:00

    Free Practice 3: Saturday 17:00

    Qualifying: Saturday 20:00

    Race: Sunday 22:00

     

    You can follow us on Twitter (@F1_Madness) for live commentary on all the sessions for the US GP.

  • Marussia to Miss United States GP After Being Placed Under Administration

    Marussia to Miss United States GP After Being Placed Under Administration

    The Marussia Formula 1 team will not participate in the weekend’s United States Grand Prix after it was placed under administration.

    Administrators appointed by the team, FRP Advisory LLP, confirmed that the team will not participate in the US Grand Prix this weekend due to a lack of funding.

    Geoff Rowley, the joint administrator released a statement regarding the Marussia team being placed under administration:

    “With the existing shareholder unable to provide the required level of funding, the senior management team has worked tirelessly to bring new investment to the team to secure its long term future, but regrettably has been unable to do so within the time available. Therefore, they have been left with no alternative but to place the Company into administration.

    “With the Marussia F1 Team now in administration, the joint administrators have assessed that, given the current financial circumstances of the Group, it is not viable for the Marussia F1 Team to participate in the next race, the 2014 Formula 1 United States Grand Prix, due to take place this weekend in Austin, Texas.

    “The Company will continue to operate while the joint administrators assess the longer term viability of the Company in its present form.

    “Following Austin, there are two further rounds of the 2014 championship remaining, in Sao Paulo and Abu Dhabi, and the team’s participation in those races will depend on the outcome of the administration process and any related negotiations with interested parties in what is a very limited window of opportunity.

    “No redundancies have been made following the Company’s entering into administration and all staff have been paid in full to the end of October. The ongoing staff position will however be dependent on whether the Company can secure new investment in the limited time available.

    “We remain highly focused on engaging with interested parties.”

    This is the second team to be placed under administration in as many weeks.

  • F1 Video – US GP Memories – Jean Alesi VS Ayrton Senna, 1990

    F1 Video – US GP Memories – Jean Alesi VS Ayrton Senna, 1990

    Good old pure Formula One racing action in Phoenix at the 1990 US Grand Prix between two legendary drivers, Jean Alesi and Ayrton Senna. Commentary in some very enjoyable Japanese :)Enjoy!

  • Caterham Given Special Dispensation to Miss US and Brazilian Grands Prix

    Caterham Given Special Dispensation to Miss US and Brazilian Grands Prix

    The Caterham Formula 1 Team is almost certain to miss next weeks United States Grand Prix and the Brazilian Grand Prix the week after that.

    This comes after Mr Colin Kolles, the previous Team Principal agreed to hand over management control of 1MRT, the Malaysian company that holds the licence to participate in the Formula 1 World Championship, to the administrators Finbarr O’Connell and Henry Shinners of Smith & Williamson.

    There is no official confirmation from the team that it will miss the US Grand Prix and the Brazilian Grand Prix but the administrators, Smith & Williamson, released a statement on Friday afternoon revealing that they have obtained special dispensation from Formula 1 Supremo Bernie Ecclestone if the need arises.

    “Mr Ecclestone also agreed to give dispensation to Caterham F1 such that it could if necessary miss the U.S. and Brazilian Grands Prix but hoped that a new owner would be in a position to race the team at the Abu Dhabi Grand Prix,” read the statement.

    According to the statement there are a number of interested parties expressing their wish to buy the team and they are hoping that a transaction with an operator of substantial financial means can be concluded in the next few weeks.

    “It is hoped that any purchaser of the F1 team will take over the employees and that they will be able to recommence their work including that at the Leafield site,” read the statement

    Finbarr O’Connell had the following to add: “We believe this arrangement gives us a much better chance of being able to reach a better conclusion for the racing team and its creditors.

    “While this is a great step forward in making the whole team and assets more attractive, there is no need for the staff of 1MRT to return to the Oxford site in Leafield until a sale of the Formula 1 team occurs.

    “This is a difficult situation which is not of our making. We regret any personal impact on 1MRT’s employees. As administrators for CSL, we are seeking to maximise the outcome for its creditors and other stakeholders.”

  • War of Words at Caterham as Engavest Responds to Fernandes’ Allegations

    War of Words at Caterham as Engavest Responds to Fernandes’ Allegations

    The chances of the Caterham Formula One team making it to the grid for the United States Grand Prix are looking ever more slim as the crisis continues to spiral out of control.

    A legal dispute between the new team owners and Tony Fernandes has turned into a war of words, with both sides pointing fingers at each other.

    Fernandes sold the Caterham F1 team to the Engavest Consortium ahead of the 2014 British Grand Prix. Despite the sale, the team’s financial woes continued and resulted in Caterham Sports Limited (CSL) – who are responsible for making and servicing the F1 cars – going into administration.

    The administrators locked the Caterham factory doors and staff continue to be refused access to the premises until an “acceptable proposal” is put forward. Nobody seems to want to take responsibility with the team’s current owners threatening to quit F1. Both Engavest and Fernandes continue to point fingers and blame each other the crisis.

    Tony FernandesFernandes last night released a statement insisting that Engavest are to solely to blame as they have not paid their creditors. “We agreed in good faith to sell the shares to a Swiss company named ‘Engavest’ on the basis that Engavest undertook to pay all of the existing and future creditors, including the staff,” Fernandes said.

    “The continued payment of staff and creditors was so important to me that I ensured that the shares would not be transferred to the new buyers unless they complied with this condition.

    “Sadly, Engavest has failed to comply with any of the conditions in the agreement and Caterham Sports Ltd (the UK operating company of the F1 team) has had to be put into administration by the bank, with large sums owing to numerous creditors.”

    Click here to read Fernandes’ full statement.

    Engavest has issued a statement in response to Fernandes’ allegations, citing “total contempt” of Fernandes and the Caterham Group executives.

    “Engavest SA, strongly refutes the allegations of Tony Fernandes and Caterham Group CEO Graham Macdonald regarding its conduct while trying to purchase Caterham F1. Our statement of earlier today still stands,” said their statement.

    “Every single condition precedent of the Sales and Purchase Agreement for which Engavest was responsible has been met. Only the seller, which includes Mr Fernandes, failed to meet his obligations.

    “All salaries have been paid.

    “Engavest sold CSL. It did not appoint Mr Cojocar who, we believe, was a former top footballer for Steaua Bucarest during the 1980s.

    “The claims of Mr Fernandes and Mr Macdonald contradict their own press statement dated 03 October 2014:

    “”Caterham Group wishes to clarify that, following the sale of the F1 business in July, it has no affiliation with Caterham F1 Team”.

    “That one sentence alone contains two errors:

    “1, the date was June 29

    “2, having failed to transfer the shares Caterham Group and Mr Fernandes wholly owned Caterham F1 at the time of the statement, as they do today.

    “Incidents such as a Caterham Group representative forcibly breaking into a filing cabinet containing our private and confidential documents and the continued refusal to deal with the outstanding loan of Exim Bank and complete the agreement has culminated in Engavest’s total contempt of Mr Fernandes and his Group executives with whom we entered a deal in good faith.”

    Photos: Caterham F1 Team

     

  • Tony Fernandes Responds to Criticism

    Tony Fernandes Responds to Criticism

    Tony Fernandez hit back at criticism toward him and claims that the Caterham Teams’ troubles are because of the current owners.

    After a strongly worded statement was released by the current owners of the Caterham F1 Team pointing out Tony Fernandez was to blame for their issues. The Malaysian businessmen has broken his silence on the matter and maintains that he’s not to blame.

    In his statement he claims that in order for him to transfer his shares. Certain conditions had to be fulfilled. These conditions have not been met by Engavest, which resulted him in retaining ownership of the team. The condition according to the statement was that “all existing and future creditors” had to be payed before Fernandes could transfer his shares. This comes after Engavest had claimed that they have paid all the creditors.

    Below is the statement from Tony Fernandes:

    “In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 team,” read the statement

    “We agreed in good faith to sell the shares to a Swiss company named ‘Engavest’ on the basis that Engavest undertook to pay all of the existing and future creditors, including the staff.

    “The continued payment of staff and creditors was so important to me that I ensured that the shares would not be transferred to the new buyers unless they complied with this condition.

    “Sadly, Engavest has failed to comply with any of the conditions in the agreement and Caterham Sports Ltd (the UK operating company of the F1 team) has had to be put into administration by the bank, with large sums owing to numerous creditors.

    “Our agreement with Engavest was very clear: there was no legal obligation to transfer the shares to them unless certain conditions – which included paying creditors – were met.

    “Those conditions have not been met. Our lawyers have asked Engavest several times to comply with these conditions but they have failed to engage.

    “If you agree to buy a business, you must pay its bills. They have breached that promise and now, sadly, it is others such as the employees and the fans of the Caterham F1 team that will suffer if the team ceases to race. I sincerely hope that this will not be the case and that a solution can be found.”

    Fernandes took to Twitter last night tweeting a rather blunt response to what he thinks of the situation:

    Tony Fernandes Tweet

  • Caterham F1 staff locked out of Leafield factory

    Caterham F1 staff locked out of Leafield factory

    Staff at the Caterham F1 team’s Leafield factory have been locked out of the building by administrators.

    Caterham’s current owners issued a statement on Wednesday evening threatening to quit the F1 team following accusations that former team owner, Tony Fernandes, has failed to transfer the shares to the new owners and therefore remains the owner of the squad.

    With the new buyers saying that Fernandes has to now sort out the situation since he is still in control, Finbarr O’Connell, joint administrator for Caterham Sports Limited – who are the suppliers to the F1 team – confirmed to Reuters that the factory has been closed and staff members are being refused access to the premises.

    “They can’t get into the factory today,” he told Reuters. “Effectively 1MRT have been in the building for last few days since I arrived. We are trying to reach an acceptable arrangement for them to be there. We had a meeting yesterday with 1MRT and lawyers and the offer they made was unacceptable. So I’ve sent them away. Hopefully they can come up with an acceptable proposal. I don’t think this is gone. It’s just a case of who has got the money to make it work.”

    There is plenty of doubt over whether Caterham will be able to compete in next weekend’s United States Grand Prix. FOM rules dictate that every team must compete in all rounds of the Formula One Championship unless they are able to prove force majeure.

    Photo: Caterham F1

     

  • Caterham Bosses Threaten to Quit F1

    Caterham Bosses Threaten to Quit F1

    The Caterham Formula 1 Teams’ current bosses have threatened to quit F1 after it emerged last night that former owner Tony Fernandez did not transfer his shares in the sale.

    News emerged on Tuesday that Caterham Sports Limited, who is a supplier to the formula 1 team, was placed under administration. The Leafield based team moved very quick to allay fears that the F1 team would be affected.

    Things took a dramatic twist on Wednesday night after the F1 team released a statement saying that the “the administrators’ appointment has had devastating effects on the F1 Team’s activities.”. It also mentioned that the press statements released by the administrators “have been severely detrimental to the management of the Caterham F1 team.”

    The full statement from the team is included below:

    “On 29 June 2014, Caterham Enterprises Ltd, Caterham (UK) Ltd and Sheikh Mohamed Nasarudin (Seller) and their shareholders Tony Fernandes and Datuk Kamarudin Bin Meranun entered into a Sale and Purchase Agreement (SPA) with Engavest SA (Buyer) with regards to 1Malaysia Racing Team Sdn Bhd/Caterham F1 Team.

    Since the date of the Agreement, the Seller has refused to comply with its legal obligations to transfer their shares to the Buyer. The Buyer has been left in the invidious position of funding the team without having legal title to the team it had bought.  This is in total contradiction to the Seller’s press release of 3 October 2014 which stated that Mr Fernandes and his Caterham Group had no longer any connection with the Caterham F1 Team.

    The administrators of Caterham Sports Limited have been appointed on behalf of Export-Import Bank of Malaysia Berhad (Exim), a creditor of Mr Fernandes and the Caterham Group.

    The Buyer has no connection with Exim. Caterham Sports Ltd was a supplier company to the Caterham F1 Team.  Very regrettably, the administrators’ appointment has had devastating effects on the F1 Team’s activities.  Since their appointment, the administrators have released various press statements which have been severely detrimental to the management of the Caterham F1 team.

     After three months of operating the Caterham F1 Team in good faith, the Buyer is now forced to explore all its options including the withdrawal of its management team. Lawyers have been instructed by the Buyer to bring all necessary claims against all parties, including Mr Fernandes who, as an owner, will run the F1 operation.”

  • F1 2014: FIA Institutes Accident Panel

    F1 2014: FIA Institutes Accident Panel

    A few weeks after the crash that severely injured Marussia driver Jules Bianchi the FIA has instituted an accident panel.

    The panel will be tasked with investigating Bianchi’s crash at the Japanese grand prix. Their investigation is expected to culminate in the proposal of potential changes at the next World Motor Sport Council meeting slated for December. The FIA has called on several experienced former members of the of the Formula 1 paddock to form part of the panel. Former Mercedes boss Ross Brawn, former Ferrari team principal Stefano Domenicalli and Formula 1 champion Emerson Fittipaldi are among those included.

    The full panel line-up is as follows:

    Presidency

    Peter Wright, President of the Safety Commission

    Members

    Ross Brawn, former Team Principal of Mercedes, Brawn Grand Prix and former Technical Director of Scuderia Ferrari

    Stefano Domenicali, former Team Principal of Scuderia Ferrari

    Gerd Ennser, Chief Stewards’ representative

    Emerson Fittipaldi, President of the FIA Drivers’ Commission, F1 Steward

    Eduardo de Freitas, World Endurance Championship Race Director

    Roger Peart, President of the Circuits Commission, President of the ASN of Canada, F1 Steward

    Antonio Rigozzi, Advocate, Judge at the International Court of Appeal of the FIA co-opted by the teams

    Gérard Saillant, President of the FIA Institute and President of the Medical Commission

    Alex Wurz, President of the GPDA, drivers’ representative