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Tag Archive | "Bernie Ecclestone"
NEW AUSSIE GP SPONSORSHIP JUST IN THE NICK OF TIME
Some race good new from the Albert Park bunker as the Australian Grand Prix announced that iconic watch maker Rolex will sponsor the 2013 Australian Formula One Grand Prix. The announcement comes as Rolex becomes the global timing partner of Formula One. Victorian State Premier and colourful man about town Lord Ted of the Toorak Village, staggered briefly into the sunlight to announce the wonderful news to an expectant, hangover and mostly hostile media contingent. “This is an incredibly exciting announcement for Melbourne and our state. It highlights the attention and respect Melbourne, as the season opener, commands internationally. There are few sporting events in Australia that have the global visibility of Formula One,” Mr Baillieu said.
Continue reading...MONTEZEMOLO TALKS SENSE ON F1 & BERNIE
Friday, December 21, 2012
Ferrari President Luca Montezemolo has launched yet another attack on F1 supremo Bernie Ecclestone and the current direction of Formula One. After congratulating Sebastian Vettel and Red Bull for there 2012 victories, Mr Montezemolo went on to outline his concerns for the sport under the control of Bernie. “During the year, there were some things I did not like,” he said. “I saw cars that did not comply with the regulations, but instead of being disqualified, their teams were told to fix it for the next race. Above all, I note with regret that it is no longer possible to have a technology transfer from the track to the road, because in too many areas, development is frozen and because aerodynamics is too important, so that the cars are more and more like spacecraft and less like cars.
Continue reading...IN PIT LANE March 13 Andrew Westacott (Full Audio)
Wednesday, March 14, 2012
With the sword of Ecclestone swinging precariously overhead, we look at the future of the Australian Grand Prix at Albert Park. Grand Prix CEO Andrew Westacott joins Bret Ramsey and Michael Lamonato to talk about the race and its future.
Continue reading...GRAND PRIX COSTS $50 MILLION BUT IS SYDNEY READY TO POUNCE ?
Saturday, July 23, 2011
The 2011 Australian Formula One Grand Prix cost Victorian taxpayers in excess of $50 million to run, the Victorian State Government announced today. Meanwhile, an independent costing report has estimated the immediate economic benefits to range between $32 million and $39 million and created 350 jobs. Despite this, Victorian tourism minister Louise Asher defended her government's subsidy of the race. 'You have to look at the whole year, at ongoing branding of Melbourne,' she said earlier today. This year's expense was a $700,000 increase on last year's estimated $49.3 million loss.
Continue reading...MELBOURNE’S GP ON BORROWED TIME ?
Sunday, January 23, 2011
Melbourne's Formula One Grand Prix looks to be on borrowed time with calls by the City's Lord Mayor to axe the race once it's contract is up in 2014. Writing in the top selling Australian newspaper The Herald-Sun, Melbourne Lord Mayor Robert Doyle said the Grand Prix had run it's race. "...it has been 20 fantastic years, the benefits to the city and the state have been enormous, but the cycle has run its course." he said. "In the end, it will be a government decision and one of the tough ones that Ted Baillieu faces in his first term. Does he undo the legacy of Jeff Kennett, his mentor, in his very first term and, ironically, through the same minister to first get the event, Louise Asher? My judgement would be: Get ready. Time's up."
Continue reading...F1 SALE UNDER INVESTIGATION
Thursday, January 6, 2011
The financial dealings of Formula One and it's "colourful" head man Bernie Ecclestone are again coming into question after the arrest of a former executive at Bavaria’s state-backed bank BayernLB. Former BayernLB manager Gerhard Gribkowsky was arrested on Wednesday under suspicion of fraud, tax evasion and taking bribes. The investigation will look at whether Gribkowsky sold the bank’s Formula 1 holdings under questionable circumstances after BayernLB took control of bankrupt media mogul Leo Kirch’s stake in the sport. This was later sold to CVC Capital Partners who became the majority owner of Formula One. Prosecutors claim that the sale was made without "it's true value being being properly evaluated,” They claim that Gribkowsky in turn received $50 million in payments disguised via two consultancy agreements. They have not at this stage made any direct allegations of who may have paid those payments.
Continue reading...IS F1 REALLY WELCOME IN KOREA ?
Thursday, November 18, 2010
South Korea recently hosted its first Formula One Grand Prix race at the Korea International Circuit in Yeongam, South Jeolea, turning on an entertaining race due to the unpredictable weather and conditions. Whilst it was commendable effort by the Koreans, beneath the gloss in the paddock of the Korea International Circuit there are very much [...]
Continue reading...MEMO TO BERNIE: TAKE YOUR RACE AND SHOVE IT UP YOUR…
Tuesday, September 28, 2010
The choice of holding the Australian Grand Prix at Albert Park in the modern era has always been a controversial one; since Jeff Kennett sensationally (or infamously, according to South Australians) announced in late 1993 that a deal has been concluded with Bernie Ecclestone to host the race in Melbourne’s Albert Park from 1996 onwards. Even before a wheel was turned there was already strong opposition to the Grand Prix by environmentalists and the “Save Albert Park” movement; local residents and the usual NIMBY’s affected by the construction of the track and the annual build up and tear down of fencing and facilities before and after each event. To add more fuel to the fire of opposition to the Grand Prix, the Victorian State government and the Australian Grand Prix Corporation is attracting the ire of ordinary residents and taxpayers of Victoria by posting a bigger loss to the Formula 1 Grand Prix each year since 1996. It has been announced recently that the 2010 event has lost $49.2 million dollars, which means, by my calculations, that over the past five years, the Australian Grand Prix has lost a total of more than $185 million dollars. That same $185 million dollars could be very well used in building desperately needed road, public transport or health infrastructure or to fund proper education of Victorian youths. Instead, taxpayers of the state of Victoria, have to line the pockets of one of the richest men in the world for the right to a frivolous activity and to pay the imbeciles who supposedly run it.
Continue reading...F1: PINNACLE OR RIDICULE ?
Thursday, March 25, 2010
The Formula 1 circus has once again returned to Melbourne for the annual Australian Grand. Amidst the controversy of the processional previous race of Bahrain as well as the poor organization and lack of performance of the new teams, I’m thankful that I am no longer a fan to what is supposed to be the pinnacle of motor racing. Unlike previous years when I was living and breathing Formula 1, where I would be literally stalking drivers and know first hand when and where they will make appearances. I no longer have any feelings for any of this; and given how poorly Formula 1 at large continues to treat its fans, I would not at all be surprised if a queue of dissatisfied former Formula 1 fans forms behind me from all over the world. I am at a loss to understand a sport which requires a “working group” to encourage and manufacture an on track action called “overtaking”. It is beyond ridiculous that such a basic action of the sport has to be encouraged or manufactured by a committee for it to actually happen in the arena. Matters are not helped either by today’s Formula 1 drivers.
Continue reading...THE FORMULA THAT CAN NOT BE CURED
Sunday, September 20, 2009
With the latest scandal in Formula 1 involving race fixing claims splattered in all manners of media, I certainly was glad I’m no longer a Formula 1 fan. I very definitely do not want to be associated with those scammers, liars, cheats, nor any of the like-minded ego-maniacs that populate this field. However, I find it very disturbing the sort of level Formula 1 as a brand image and its integrity has sunk towards with scandal after scandal within and beyond the last ten years of its existence. If you’re still interested in this sport or entertainment, or whatever you’d like to call it. I’m sure you’d be asking when any of this will ever stop, so you can get to enjoy your Formula 1 racing again. Having watched and studied the field for almost 20 years, I really don’t like the prospects of any of these huge egos with limitless pockets being put in their place and coming to terms that honesty, sportsmanship and values are not just merely words in press releases and sponsorship proposals.
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