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  • Manor to Close Up Shop After Failing to Find Buyer

    Manor to Close Up Shop After Failing to Find Buyer

    The administrators of Just Racing Services, the holding company of the Manor Formula 1 team which was in administration since early January 2017, were unable to find a buyer for the team and as a result the company had to close its doors on Friday 27 January 2017.

    The administrators were hopeful that a buyer could be found after a consortium from Asia expressed their interest. Discussions proved unsuccessful and FRP Advisory decided to end the process of finding a buyer. Staff at the Banbury factory were told to go home on Friday afternoon and they will be made redundant on Tuesday after they are paid their January salaries.

    Manor Grand Prix Racing Ltd., the company that holds the rights to race in F1, is not in administration.

    “During recent months, the senior management team have worked tirelessly to bring new investment to the team to secure its long term future, but regrettably were been unable to do so within the time available and were left with no alternative but to place JRSL into administration to protect the best interests of the underlying businesses and in order to continue a search for a buyer,” said a statement by FRP Advisory.

    “Since their appointment earlier this month the joint administrators at FRP Advisory have continued to work, with the support of senior management, to try and secure new investment into the business resulting in negotiations with a number of interested parties. During that period funding was secured to ensure payment of all staff salaries until 31 January 2017.

    “Regrettably since the appointment of administrators no investment has been secured in the limited time available to continue the Group 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 JRSL and unfortunately have had to send all staff home from work today Friday 27 January.

    “While all 212 staff will be paid on Tuesday 31 January, all but a small handful of staff are expected be made redundant by the end of January.”

  • WATCH: The 2017 Formula One rule changes

    WATCH: The 2017 Formula One rule changes

    The Red Bull Motorsports team run put together this quick, cool little vid to take us through some of the key changes you should expect in the 2017 Formula One season. Bigger, faster, meaner cars are expected. We can’t wait!

  • Ross Brawn Returns as Managing Director of F1

    Ross Brawn Returns as Managing Director of F1

    Former F1 team boss Ross Brawn will return to F1 as Managing Director, Motor Sport as part of the new structure of the F1 business.

    The announcement was made by newly appointed F1 CEO Chase Carey on Tuesday evening. Carey also confirmed the appointment of former Executive Vice President of Sales and Marketing at ESPN, Sean Bratches as Managing Director, Commercial Operations.

    Brawn, over a 40-year career in motorsport has won 22 FIA World Championships between Benetton, Ferrari, Williams and his own team Brawn GP. He was instrumental in laying the ground work for the success at Mercedes. Most recently he worked with Liberty Media as an adviser during the F1 acquisition.

    Sean Bratches has over 27-years of experience in sales and marketing and his contribution helped ESPN grow it’s brand and revenue. At ESPN he had oversight over advertising, and sponsor sales as well as the research and analytics, marketing, consumer products and events marketing divisions.

    “It’s fantastic to be returning to the world of Formula 1,” said Brawn about his appointment.

    “I’ve enjoyed consulting with Liberty Media these last few months and I’m looking forward to working with Chase, Sean and the rest of the Formula 1 Team to help the evolution of the sport.

    “We have an almost unprecedented opportunity to work together with the teams and promoters for a better F1 for them and, most importantly, for the fans.”

    Bratches added: “I’m very excited to be joining Formula 1 and contribute to the continued growth of this extraordinary global brand and sport.

    “Formula 1 is one of few truly global tier one sports, and I am encouraged by the manifold opportunities to materially grow the business, work closely with current and future sponsors, race circuits, television rights holders as well as create next generation digital and on-site race experiences to best serve the Formula 1 fans.”

  • Chase Carey Appointed as CEO of F1

    Chase Carey Appointed as CEO of F1

    After completing its acquisition of F1, new owners Liberty Media have announced that Chase Carey will take up the role as Chairman and CEO of the F1 Group.

    This confirms that Bernie Ecclestone’s tenure as F1 ringleader for 40-years has come to an end. As it was reported earlier the role of Honorary President was offered to Ecclestone which he admitted, did not know what it entailed. This role has now been clarified. Ecclestone will act as an adviser to the board of F1.

    Speaking about his appointment as CEO of F1, Chase Carey had this to say: “I am excited to be taking on the additional role of CEO.

    “F1 has huge potential with multiple untapped opportunities. I have enjoyed hearing from the fans, teams, FIA, promoters and sponsors on their ideas and hopes for the sport. We will work with all of these partners to enhance the racing experience and add new dimensions to the sport and we look forward to sharing these plans overtime.”

    “I would like to recognise and thank Bernie for his leadership over the decades. The sport is what it is today because of him and the talented team of executives he has led, and he will always be part of the F1 family.

    “Bernie’s role as Chairman Emeritus befits his tremendous contribution to the sport and I am grateful for his continued insight and guidance as we build F1 for long-term success and the enjoyment of all those involved.”

    Speaking about his honorary role Bernie had this to say: “I’m proud of the business that I built over the last 40 years and all that I have achieved with Formula 1, and would like to thank all of the promoters, teams, sponsors and television companies that I have worked with.

    “I’m very pleased that the business has been acquired by Liberty and that it intends to invest in the future of F1. I am sure that Chase will execute his role in a way that will benefit the sport.”

  • Chase Carey to Replace Bernie Ecclestone as Formula One Group CEO

    Chase Carey to Replace Bernie Ecclestone as Formula One Group CEO

    Long standing F1 chief Bernie Ecclestone will be replaced by Liberty Media’s Chase Carey as Formula One Group CEO.

    Liberty Media who are on the verge of a complete take over of Formula One have installed one of their own as CEO. They have, however, not left Ecclestone in the woods. They have offered him an honorary position as president. The 86-year old has said that he is not sure what that role would entail.

    Speaking to German publication Auto Motor Und Sport Ecclestone said that he was deposed in a meeting on Monday.

    “I was deposed today. I am simply gone. It’s official. I am no longer the leader of the company.

    “My position has been taken by Chase Carey.

    “My new position is one of those American terms. It’s something like an honorary president. I have this title now, even though I don’t know what it means.”

    When asked about his future plans Eccelstone said that he has enough money to attend a race this season since his time in the office will be quieter.

    A formal announcement is expected on Tuesday regarding Carey’s appointment. It is understood that Ross Brawn will take up a role in a sporting capacity alongside former Sales & Marketing Executive at ESPN, Sean Bratches.

  • F1 2017: The Case For Valtteri Bottas

    F1 2017: The Case For Valtteri Bottas

    By now the news has spread far and wide that Mercedes have, officially, picked Valtteri Bottas to partner Lewis Hamilton at Mercedes for the 2017 season. Instinctively, the dominant question will be how he will shape up against his three-time world champion teammate.

    It wasn’t the electrifying choice many were looking for but Bottas is a known quantity with a solid track record, literally. He isn’t considered as exciting as a Max Verstappen but that has more to do with his circumstances rather than his ability. For an independent mid-field team such as Williams the constructor’s championship is vitally important. Hence, Bottas could not afford to throw caution to the wind as Red Bull drivers often do. Williams needed a consistent driver and one that would convert his points-scoring opportunities and this is what Bottas delivered.

    Since it didn’t include flashy overtakes it’s easy to forget Bottas’ performances in 2014 and 2015 that ensured Williams finished ahead of significantly richer teams Ferrari and Red Bull respectively in the constructor’s standings. His four years at Williams has undoubtedly ensured that is much better prepared to step into the Merc seat, and into the limelight, than any younger driver would be.

    What’s more, over their three years as teammates Bottas regularly out-qualified his veteran teammate Felipe Massa. While Lewis Hamilton will undoubtedly be a much tougher benchmark Bottas has the potential to challenge his new teammate in this arena.

    Bottas_Barcelona 2015 - CopyNevertheless, while the Finnish driver has spent four seasons at Williams he remains somewhat unproven. At Williams his good performance were praised, but they were just that good. Not great, not awesome, never enough to induce a genuine thrill amongst those watching. What he has now is a golden opportunity to unleash all of his talent and show what he is truly capable of without inhibitions.

    There is no doubt that Mercedes’ first choice for Nico Rosberg’s replacement would have been either a Sebastian Vettel, or Fernando Alonso, or even Daniel Ricciardo. Since these drivers were all locked into contracts Valtteri Bottas was the next best option. However, the likes of Vettel and Alonso are only signed up with their respective teams until the end of 2017. Therefore, Bottas has signed a one-year deal with Mercedes and he’ll have twenty-one races to prove that he deserves to be signed ahead of them.

    The other aspect of being a driver in a top team is life outside the car. The media focus on Valtteri Bottas will be intense, unrelenting, with a microscopic level of interest. But he is Finnish and like most of the great Finns in Formula 1 history, like Kimi Raikkonen, Mika Hakkinen, Bottas will likely be unflustered by the pomp and circumstance.

    All this assumes that Mercedes’ 2017 car will be at the sharp-end of the grid. Given the comprehensive rule changes this prediction is impossible. But wherever Merc stack up in the pecking order Bottas’ performance against Hamilton will be one of the most fascinating developing stories of the season.

    Will Bottas beat Hamilton in 2017? Probably not, but he will be closer to Hamilton than many predict.

  • FIA Gives the Green Light for Liberty Media Take Over of F1

    FIA Gives the Green Light for Liberty Media Take Over of F1

    The sale of F1 commercial rights to the Liberty Media Group was given the green light today at an extraordinary meeting of the World Motorsport Council (WMSC) in Geneva on Wednesday 18 January, a day after shareholders gave approval for the media giant to forge ahead with its plans to acquire a controlling interest in F1.

    Representatives from Liberty Media presented their strategy for F1 to members of the WMSC who were given an opportunity to ask questions about the acquisition and the future relationship between the FIA and Liberty Media’s plans for the sport.

    “Liberty, Formula One Group and the FIA intend to collaborate to create a constructive relationship that will ensure the continued success and the development of the FIA Formula One World Championship in the long term,” said the FIA in a statement released after the meeting.

    “The World Motor Sport Council’s decision confirms the FIA’s belief that Liberty, as a renowned media organisation with expertise in both sport and entertainment, is clearly well positioned to ensure the continued development of its pinnacle Championship.

    “The FIA holds a one per cent shareholding in Delta Topco. As part of the sale by CVC to Liberty Media Corporation, and in line with the agreements between the FIA and the Formula One Group, the FIA will be dragged along in the sale process under the same conditions as CVC and all the other shareholders.

    “The FIA looks forward to working with the new owners of the Formula One Group on further developing the unrivalled global spectacle that is the FIA Formula One World Championship for all stakeholders.”

    It seems like Liberty Media is well on it’s way to closing the deal before the end of March with just a few more formalities cross off.

  • Top 10 F1 Overtakes of 2016

    Top 10 F1 Overtakes of 2016

    Have a look at this great compilation of the Top 10 F1 overtakes of 2016. Some absolutely fantastic overtaking here with Max Verstappen coming out at the top of the pack after fans voted in the official F1 website’s Twitter polls. Interesting to note how Lewis Hamilton must have spent so much time leading races that he doesn’t even feature.

  • Bottas at Mercedes for 2017

    Bottas at Mercedes for 2017

    The Mercedes F1 Team have finally made things official and have announced Valtteri Bottas will drive for the team from 2017 replacing World Champion Nico Rosberg.

    This announcement follows the announcement from Williams that Felipe Massa will come out of retirement to compete for one more season in F1.

    The confirmation from Mercedes comes months after reports tipping the Finn to partner alongside Lewis Hamilton for the 2017 Formula 1 World Championship.

    “It’s very exciting times for me,” said Bottas.

    “I think it’s going to take a while to understand that this is really happening. It’s definitely another dream come true, to race in another team with such great history – especially in the recent years, which have been so impressive.

    “I’m really proud to become a part of that and grateful to everyone at Mercedes for trusting my skills and giving me this opportunity.

    “I’ve had a really warm welcome so far. Of course, I have a lot more people to meet and new faces to remember. But initially everything has felt very good. I’m really impressed with the facilities and I’m looking forward to getting to know everyone better.

    Bottas is under no illusions about the magnitude of the task ahead of him.

    “I’m ready to work hard, to prove myself to the team and to prove my skills. It’s going to be a challenging season and joining a new team makes it more work than normal. But I’m 100% ready for that.

    Valtteri Bottas ; Valtteri Bottas;

    “I’m training hard to be at my physical best because it will be much tougher with these new cars. I always set the bar really high, so my target is to perform from the first race. I’m full of energy and ready to get to work for this year and hopefully many more to come with Mercedes.”

    Toto Wolff says that Bottas will be a good fit at Mercedes and he has no doubt that the Finn will perform well for the team.

    “Sometimes in life, unexpected circumstances provide interesting opportunities. Nico’s decision in December was a big surprise – certainly a challenging situation for the team to handle. But weathering the storm makes you more resilient and we see this as another opportunity for the team to grow,” explained Wolff before announcing Bottas as a Mercedes driver.

    “Valtteri is a no-nonsense guy: down to earth, straightforward and very focused. Pretty Finnish, to be honest, and a great fit for us.

    “He has an impressive track record in the junior categories and nine podiums in F1. But now it’s time for the next level, to see how he can step up to challenge for race wins and for Championships.

    “We know that we are already behind the curve in terms of preparations for the new season, so we’ve got a busy programme to get him integrated into the team. One thing is for sure: as I know Valtteri, he will give it everything.”

     

    Photo credit: Mercedes AMG Petronas Formula One Team

  • Felipe Massa To Replace Bottas at Williams

    Felipe Massa To Replace Bottas at Williams

    Felipe Massa will come out of retirement to replace Valtteri Bottas at Williams.

    Massa’s announcement was expected following numerous reports that he will return to the Grove based team to fill the gap that will be left by Valtteri Bottas who will now be confirmed at Mercedes for the 2017 season.

    Following Nico Rosberg shock retirement announcement, there was an initial scramble for his replacement at Mercedes. Many names were thrown around but the most prudent choice for Mercedes would be Bottas. With Williams using Mercedes engines and Bottas’ Management company owned by Toto Wolff it made the deal somewhat easier to negotiate.

    Massa will return for the 2017 season to replace Bottas after a very emotional final few races of 2016.

    “Firstly, I am very happy to have an opportunity to return to Williams. I always intended to race somewhere in 2017, but Williams is a team close to my heart and I have respect for everything it is trying to achieve,” said Massa on his return.

    Massa, perhaps dropped the biggest clue about Bottas’ 2017 plans when he wished him all the best at Mercedes.

    “Valtteri has a great opportunity, given the turn of events over the winter, and I wish him all the best at Mercedes,” added the Brazillian.

    “In turn, when I was offered the chance to help Williams with their 2017 Formula One campaign, it felt like the right thing to do. I certainly have not lost any of my enthusiasm for racing and I’m extremely motivated to be coming back to drive the FW40.

    “The support from my fans over the last few weeks has been a huge boost and I’m grateful for that.

    “I also look forward to working with Lance; I’ve known him for many years and seen his talent develop during that time, so I look forward to seeing what we can achieve together.”

    Claire Williams, Deputy Team Principal, said; “I’m delighted that Felipe has agreed to come out of retirement to be a part of our 2017 campaign.

    Yas Marina Circuit, Abu Dhabi, United Arab Emirates. Sunday 27 November 2016. Valtteri Bottas, Williams Martini Racing, and the team say a fond goodbye to Felipe Massa, Williams Martini Racing, after his final race for the team and in F1. Photo: Glenn Dunbar/Williams ref: Digital Image _31I9828

    “With Valtteri having a unique opportunity to join the current Constructors’ Champions, we have been working hard to ensure that an agreement could be made with Mercedes to give Valtteri this fantastic opportunity.

    “Valtteri has been part of the Williams family since 2010 and in that time has proved a huge talent, securing nine podium finishes.

    “I would like to take this opportunity to thank him on behalf of the whole team, and wish him a successful season as he joins Mercedes.

    “Felipe has always been a much-loved member of the Williams family, and having the opportunity to work with him again is something we all look forward to.

    “He was always going to race somewhere in 2017, as he has not lost that competitive spirit, and it was important that we had a strong replacement in order for us to let Valtteri go.

    “Felipe re-joining us provides stability, experience and talent to help lead us forward. He is a great asset for us.”

     

    Photo Credit: Williams Martini Racing Formula One Team