F1 Fanatic round-up
Top F1 links from the past 24 hours:
“An arrest warrant has been issued against Force India co-owner Vijay Mallya, whose Kingfisher Airlines company has had its fleet grounded for the last two weeks with debts reported to be in the billions.”
“The cable sports channel Speed will no longer air Formula One races after this season, ending a 17-year partnership.”
“I think that probably we expected a bit more than what we’ve seen so far but it’s too early to say.”
“They’ve got that 0.4s again in practice and I think they’re going to be very difficult to beat in qualifying; they seem to have that strength back.”
“I think we can improve quite a bit and I think we chose to concentrate on Sunday quite a bit anyway.”
“My Formula 1 career started pretty poorly. I had a lot of spins and accidents but thankfully they didn’t generally happen with other cars around so it was less of a big deal. That sixth sense, instinct comes with experience but then you can get on a bad run.”
Bernie Ecclestone: “He’s quick but he has been involved in a lot of problems at the start. I would definitely suggest he has his eyes tested because he has problems seeing what is happening around him.”
Yes, it’s true:from 2013 onwards, #f1 in the US will be screened on NBC Sports.
— Peter Windsor (@PeterDWindsor) October 12, 2012
Monza ’76. Final edits taking shape for Rush twitter.com/RealRonHoward/…
— Ron Howard (@RealRonHoward) October 12, 2012
Comment of the day
@TheJudge13 asks if F1′s money is going to the right place:
CVC/Bernie Ecclestone announced they wish to do a ‘dividend recapitalisation’ [See October 4th round-up]. They have sold to various other ‘Investment funds’ over 30% of FOM this year for in excess of £3bn mostly in cash. F1 already has a mortgage CVC placed on the business of £2.45bn (2006) it was due for repayment 2011, but they managed to roll over until 2016 (minutes here).
This ‘dividend recapitalisation’ is simply a way of borrowing more money now against the next five years revenues due to them from the commercial F1 rights. While the rest of the world is realising they borrowed to much on credit and are trying to reduce debt, F1 is increasing its debt burden to the equivalent of several years income.
From the forum
- Speed has been outbid for F1 coverage in the US
- Formula Ford joins BTCC support package
- Mini confirms WRC exit
Happy birthday to Randy Torres!
On this day in F1
Michael Schumacher capped a crushingly dominant 2002 campaign with his 11th win in the Japanese Grand Prix ten years.
For the fifth race in a row Ferrari scored a one-two as Rubens Barrichello finished second. Kimi Raikkonen joined them on the podium.
Takuma Sato received a warm response from the crowd as he brought his Jordan-Honda home in fifth place.
Image © Sahara Force India F1 Team