SCHUMACHER RETURNS

SCHUMACHER BACK FOR MERCEDES GP

The most successful partnership in Formula One history is set to be reunited with the news that seven time World F1 Champion Michael Schumacher will drive for Mercedes in the 2010 World Drivers Championship. Schumacher will again team with Ross Brawn, the man who helped the German to his incredible success throughout the late 90's and into the new century. According to the German newspaper "The Bild", Mercedes GP will soon make the official announcement that Schumacher has signed with the team for one year with a further one year option. The paper says that Schumacher will effectively be warming the seat for another fast young German star in Sebastian Vettel, who still has two years to serve on his Red Bull contract.

FORMULA ONE: AS SEEN ON TV

Australian free to air television network "Network Ten" have announced a five-year extension of its exclusive Australian broadcast rights to Formula 1. The new agreement commences at the start of the 2011season and extends through to the end of 2015. The new agreement with Formula One Management will see the network continue it's live F1 coverage on the digital only ONE HD Sports channel as well as with delayed coverage on TEN. The Australian Grand Prix race will also be broadcast live simultaneously on TEN as is required under Australia's anti-siphoning rules. For the first time the new deal also covers online, mobile and IPTV rights as well. Network Ten's general manager – sport, David White, said: "Formula 1 has always had a large, passionate and loyal following in Australia."

TOYOTA OUT AS JAPAN SAYS SAYONARA F1

A report in the Japanese English language newspaper "Mainichi Daily" claims that Toyota are about to announce their withdrawal from Formula One effective immediately. The company is due to annouce it's six monthly financial report this Thursday where it is expected to reveal a significant operating loss. Sales have dropped by just over 30 percent in the April to September period compared with the previous year, with exports falling 45.4 percent. The company had already announced it's decision to withdraw from hosting the Japanese Grand Prix at its' Fuji circuit and follows the news that Japanese tyre giant Bridgestone will pull out from F1 at the end of 2010.

THE FORMULA THAT CAN NOT BE CURED

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.

RENAULT WILL NOT CONTEST RACE-FIX CLAIMS AS BRIATORE SAYS GOODBYE

In a bombshell announcement Renault said that they will not dispute the serious allegations of race fixing in last years Singapore Grand Prix when the team appears before the FIA World Motorsport Council on September 21. The team also announced that controversial team boss Flavio "fun bags" Briatore and executive director of engineering Pat Symonds have "left" the team. The team will face the WMC to answer the charge after disgruntled former driver Nelson Piquet Jnr alleged that he had been asked to crash his car during the early stages of the race in order to advantage his team-mate Fernando Alonso. In a brief statement Renault said:

LOTUS TO RETURN WITH MALAYSIAN F1 PUSH ?

A Malaysian F1 team, possibly running under the famous Lotus name, could be on the grid for next years Grand Prix season according to the Malaysian media. The popular newspaper the Malay mail has carried several stories quoting well placed sources indication a desire to get on the grid for 2010. AirAsia founder and CEO Tony Fernandes is said to be part of a Malaysian-led consortium eager to bid for a spot on the grid. AirAsia currently sponsors the Williams team but the appeal of a home based F1 team would undoubtedly be very strong. The Malaysian petro-chemical giant Petronas is also said to be involved in the plan which could involve the purchase of the BMW-Sauber operation.

IMG LINK RAISES THE STAKES IN F1 BREAKAWAY

Website Grand Prix.com is suggesting that global sports management juggernaut IMG could be the people behind the promotion of an "alternative F1" series. IMG is one of the World's largest sports promotion and management companies and if anybody can rival Bernie Ecclestone for professionalism and global reach then it's IMG. IMG has a global portfolio that includes many of the worlds biggest sporting events and the company has plenty of motorsport experience including running a number of major street races including the Surfers Paradise Indy race and several Champcar rounds in the USA. It also has run Bathurst and the Sandown enduros here in Australia. Currently they are responsible for the media and marketing rights to events including the LeMans Series, NASCAR, NHRA Drag Racing and The World Speedway Grand Prix. Interestingly IMG is also a media partner of the Williams F1 racing team, one of only two current F1 teams to commit themselves to the traditional FIA series next year. FOTA is scheduled to meet tomorrow to discuss the planning for their series, certainly, if as rumoured IMG is involved, then the chances of it happening and operating successfully just got a whole lot better.

FIA RESPONDS TO FOTA THREAT: SEE NO EVIL, HEAR NO…

  The FIA have released a terse press release in response to the announcement that FOTA teams including Ferrari, Red Bull, McLaren, BMW Sauber and Brawn GP would stage a rival Formula One series in 2010. The simple 110 word statement reads: The FIA has noted the latest press statement from FOTA. The FIA is disappointed but not surprised by FOTA’s inability to reach a compromise in the best interests of the sport. It is clear that elements within FOTA have sought this outcome throughout the prolonged period of negotiation and have not engaged in the discussions in good faith. The FIA cannot permit a financial arms race in the Championship nor can the FIA allow FOTA to dictate the rules of Formula One.  The deadline for unconditional entries to the 2010 FIA Formula World Championship will expire this evening.  The 2010 FIA Formula One World Championship entry list will be announced tomorrow. Meanwhile here in beautiful GirtbySea, Victorian tourism and special events apologist Tim Holding has announced to an eager and bewildered mainstream media that the Albert Park GP will go ahead as planned no matter what happens in Europe. Tourism and Major Events Minister Tim Holding said the contract with Mr Ecclestone ensures a Formula 1 Grand Prix takes place every year up until 2015.  "This is part of the pushing and shoving that Formula 1 is well known for,'' Mr Holding said.  Speaking to the Murdoch media owned Herald Sun Holding said "We know these negotiations will continue and we also know that we will get a good outcome. Let's give the negotiations that are currently underway an opportunity to run their course.''  Mr Holding left the media conference on his magical flying carpet to return to Asgard.  

FORMULA ONE SPLIT: CRISIS, SHOCK, HORROR, SCANDAL ! Pictures page 3

Formula One teams led by Ferrari and other major manufacturers have called the bluff of FIA President Max (hurts so good) Mosley and announced that they will run a breakaway series beginning next year. At a meeting held at the Renault F1 factory in Oxfordshire the teams refused to back down on their demands for changes for next years regulations. Ferrari, McLaren, Renault, Toyota, BMW Sauber, Brawn GP, Red Bull Racing and Toro Rosso have therefore declined to enter the FIA Formula One Championship for 2010. The announcement, on the eve of what looks set to be the final British GP at Silverstone, seriously ups the ante in the multi-billion dollar stare-down between the teams and the FIA. In a statement issued by FOTA, the teams said that there was no room for further compromise. "It has become clear that the stables cannot continue to make compromises on the fundamental values of the sport," they said. "The teams have no other alternative but to begin to prepare for a new championship which reflects the values of the competitors and their sponsors. According to the statemant the new series will have a transparent governing body, one single set of rules, encourage new entrants, and would better listen to the fans' wishes. Just what role, if any, Bernie Ecclestone may play in this is not yet clear. Despite the posturing of both the teams and the FIA, the real power broker is still Bernie. It is he who controls the sports commercial rights and the valuable TV deals that provide so much of the sport's income. Publicly at least, Ecclestone has shown qualified solidarity with his old mate Max, but Bernie is Bernie and friendship will count for nothing if there's a quid involved. And with literally millions of quids involved expect Bernie to jump wherever it's best for Bernie.