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#481 RE: F1-news and -translations in 2013 by momo 09.08.2013 12:46

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<img src=" title="ty" /> Mille grazie Betulla! <img src=t" title="hat" />

#482 RE: F1-news and -translations in 2013 by momo 09.08.2013 12:47

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Raikkonen closing on Button in popularity stakes
2013 F1 season:
http://www.f1fanatic.co.uk/2013/08/09/r ... ty-stakes/

<img src=" title="pipe" />

#483 RE: F1-news and -translations in 2013 by Betulla 09.08.2013 22:59

Zitat von Ragingjamaican
One of those articles indicates that his friends say that he has got paid and there's not been an issue with pay, yet Raikkonen himself has said the opposite once questioned about it?


I think it is the author of the article who says that Kimi [after all] has always been paid.
He writes this on 10.07 to support the impression of Kimi's entourage - Lotus' money problems is a virtual issue
and (maybe) trusting what Eric Boullier had said the day before - Räikkönen had been paid late, but been paid.

#484 RE: F1-news and -translations in 2013 by Jalumi 10.08.2013 21:03

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<img src=" title="waiting" /> <img src=" title="" />

#485 RE: F1-news and -translations in 2013 by Sonny 10.08.2013 21:28

<img src=" title="there" />

Do you want the pharmacist to dispense <img src=" title="chill" />pill until the Friday of SPA weekend? <img src=" title="wink" />

#486 RE: F1-news and -translations in 2013 by Jalumi 10.08.2013 21:29

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<img src=" title="nono" /> I have no summerbreak and a lot of work <img src=h" title="hih" />

#487 RE: F1-news and -translations in 2013 by WHATEVER 11.08.2013 15:09

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Yes, is a good thing I'm busy too. When you have lots to do, time goes by very quickly.

By the way, I liked the Ron Howard Q&A at the F1 site. About the upcoming movie Rush :up I keep thinking that maybe Kimi can win the WDC in a dramatic-2007 like-way, so that Ron Howard feels like making a movie about Kimi too. But then I think, who could portray Kimi? There's no actor as good looking as he is <img src=" title="wink" />

#488 RE: F1-news and -translations in 2013 by Sonny 23.08.2013 22:31

F1: 2014 Grand Prix of America is off, says Bernie Ecclestone
http://www.cnn.com/2013/08/23/sport/mot ... cclestone/

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(CNN) -- Formula One boss Bernie Ecclestone has revealed that the inaugural Grand Prix of America in New Jersey will not take place as planned next year, saying the organizers have not raised enough money to fund it.
Raced at 19 circuits around the world, F1 generates more than $4bn in revenues annually.
The final 2014 calendar will be approved by motorsport's governing body, the FIA, in December but new races need to have financing in place by now to ensure their plans are on track.
It was recently revealed that the Grand Prix of America organizers appointed investment bank UBS in June to raise $100 million which is required for the race to go ahead.
But Ecclestone told CNN that they have run out of time.
"It's not on the cards for next year," he said, adding that the problem is "they haven't got any money."
F1's spiritual home in the U.S. Mario Andretti's biggest fear: poverty
Read: F1 car 'sings' U.S. national anthem
However, Grand Prix of America spokesman Alex Howe insisted they expected the race would go ahead.
"We don't comment on financial matters but we are on track for 2014 and will have a statement following the announcement of the official 2014 FIA Formula One World Championship schedule," said the spokesman.
The race was planned to take place on 3.2 miles of public roads in Port Imperial, a district in the New Jersey towns of West New York and Weehawken. It snakes alongside the Hudson river and would give the race a spectacular backdrop of Manhattan's historic skyline.
It has already been postponed once, having been initially scheduled for June this year. The wheels started to come off in August 2012 when Tom Cotter, the president of the race, unexpectedly resigned.
Ecclestone put the brakes on it later that month when the organizers missed payment deadlines in their contract with the F1 Group. The Grand Prix of America is the only new F1 race for over 15 years to be dropped from its slot on the calendar.
It is also a rare example of a race which was given an F1 contract without having the required funding in place. The most well-known previous example was that of English circuit Donington, which had a 17-year contract to host the British Grand Prix from 2010. Instead, the race stayed at Silverstone after Citigroup failed to raise the £135 million ($210 million) required to fund necessary improvements to Donington.
Read: F1 revs up for thrilling end to season
Ecclestone said the situation in New Jersey "is like Donington all over again" and added that "it is such a muddle and a mess that it is not worth doing."
He said he originally signed the deal because he believed that the race's promoter -- Leo Hindery Junior, managing partner of private equity fund InterMedia Partners -- would be able to raise the required funds.
"The guy is a multibillionaire and is well-known in New York," Ecclestone said.
Grand Prix of America spokesman Howe declined to comment when asked for a specific response to Ecclestone's view that the situation in New Jersey was in disarray.
Construction on the New Jersey site is well under way, and last year three-time world champion Sebastian Vettel and former F1 driver David Coulthard drove demonstration runs on the circuit for the Red Bull team. However, a lot of the work has focused on the pit building in a new block of garages which was already planned to be built.
Race car 'sings' national anthem
F1's strangest race?
The plans are close to Ecclestone's heart as he has been trying to hold a Grand Prix in the New York area since the 1980s. He has already provided more support to the New Jersey race organizers than their rivals usually receive.
Read: F1 perfects formula for financial success
After tearing up the original contract last year, Ecclestone signed a new 15-year agreement in May when the organizers agreed to hire Chris Pook, one of his close confidantes and former chief executive of F1's American motorsport rival IndyCar. Pook works alongside Hindery, who was the first investor in the race.
In 2011 Hindery provided the initial $10.3 million investment in race organizing company Port Imperial Racing Associates (PIRA) and obtained an additional $10.1 million loan.
In April this year the F1 Group itself provided the company with a credit facility personally guaranteed by Hindery, but it still needs $100 million to get the green light.
F1 races require a high-octane level of investment. Tracks typically cost over $250 million to build, but using public roads avoids this expense.
The downside is that there is no asset for investment to be secured on, so the budget for street races is usually supplemented with state funding. However, Hindery has confirmed that no public money will be used in the project.
The race is part of F1's strategy to break into the lucrative United States market, which is dominated by local rivals NASCAR and IndyCar.
Gaining a foothold there is understood to be an important part of revving up the stalled plans to float F1 on the Singapore stock exchange.
Read: F1 reborn in the USA
Stateside television coverage of F1 moved this year to the sports division of NBC, the oldest major broadcast network in the U.S., and the U.S. Grand Prix returned to the calendar in 2012 after a five-year hiatus.
It takes place in Austin, Texas, and a further race in California is also under consideration.
Losing the New Jersey race could cost F1 more than $375 million across the duration of its contract, as the annual fee has been estimated at $25 million with a small escalation every year.
However, the investment opportunity overview produced by UBS in June states that the Grand Prix of America contract gives the organizers "exclusivity for all F1 races across the northeast corridor" so the vacant calendar slot could be filled by another new race in the area.
Ecclestone is also known to be in discussion about a Grand Prix in Mexico City, which would also plug the gap left by New Jersey.
Meanwhile, in other F1 news Friday, world champion Sebastian Vettel set the fastest time in practice for the Belgian Grand Prix at Spa.
Vettel recorded a time of one minute 49.331 seconds, just edging Red Bull teammate Mark Webber by 0.059 seconds.
Romain Grosjean, in third for Lotus, was almost a second slower in the afternoon session, while Britain's Lewis Hamilton, who won the previous round in Hungary for Mercedes was only 12th quickest.
Vettel achieved his time despite missing the last 20 minutes of the session with a rear puncture which left the tire shredded.
Two-time world champion Fernando Alonso of Spain was quickest in the morning runs for Ferrari in wet conditions.
Saturday sees final qualifying for Sunday's race, with three-time defending champion Vettel defending a 38 point lead over Grosjean's teammate Kimi Raikkonen of Finland in the title race.

#489 RE: F1-news and -translations in 2013 by Jalumi 23.08.2013 22:33

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<img src=" title="" /> Thats sad.

#490 RE: F1-news and -translations in 2013 by Sonny 23.08.2013 22:38

It is sad. But I never expected it to happen. It was wishful thinking from the beginning. Darren Heath wrote a wonderful column on why the race wouldn't happen (that I posted a few months ago). Austin will be successful because it hosts multiple racing-related events a year, recently won the rights to the X-games and built a concert venue at the circuit (which has some very big names on the music industry). They have the means to regenerate the initial investment in the circuit.

#491 RE: F1-news and -translations in 2013 by Denorth 23.08.2013 22:39

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agree Sonny, for some reason I didn't believe in it and especially with the absence of any news on the track progress

#492 RE: F1-news and -translations in 2013 by Boudica 26.08.2013 17:18

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Team income according to Autosport:

Red Bull Racing
Budget: £235.5m (estimated from overall RBR/RBT budget)
Income: £240m (of which £110m comes from Red Bull, £60m from other sponsors, and £70m from FOM earnings)
Profit: £4.5m net

Scuderia Ferrari
Budget: £250m (including engines)
Income: £260m (of which £160m comes from sponsors including FIAT, £20m from customers, and £80m from FOM earnings)
Profit: £10m net (group) 2012

McLaren Racing
Budget: £160m
Income: £180m (of which £120m comes from sponsors, and £60m from FOM earnings)
Profit: £20m 2011

Lotus
Budget: £130m
Income: £120m (of which £30m comes from Genii, £45m from other sponsors, and £45m from FOM earnings)
Profit: £-10m

Mercedes Grand Prix
Budget: £160m (including engines)
Income: £150m (of which £50m comes from Daimler, £60m from other sponsors, and £40m from FOM earnings)
Profit: £-10m 2011

Sauber
Budget: £90m
Income: £75m (of which £40m comes from sponsors, and £35m from FOM earnings)
Profit: £-15m

Force India
Budget: £100m
Income: £75m (of which £30m comes from group companies {Mallya and Sahara}, £10m from other sponsors, and £35m from FOM earnings)
Profit: £-25m

Williams
Budget: £90m (purified, excluding Hybrid Power)
Income: £90m (of which £30m comes from PDVSA, £28m from other sponsors, and £32m from FOM earnings)
Profit: Even

Scuderia Toro Rosso
Budget: £70m
Income: £70m (of which £32m comes from Red Bull, £8m from other sources, and £30m from FOM earnings)
Profit: Even

Caterham
Budget: £65m
Income: £65m (of which £26m comes from group companies {Fernandes}, £9m from other sponsors, and £30m from FOM earnings)
Profit: Even

Marussia
Budget: £51m
Income: £51m (of which £30m comes from Marussia, £15m from other sponsors, and £6m from FOM earnings)
Profit: Even

#493 RE: F1-news and -translations in 2013 by Ragingjamaican 26.08.2013 17:27

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Shows that Daimler and Genii need to put in a little more.

Is 'other sources' = sponsors for Toro Rosso?

Force India look to be in more trouble with losses, yet it's Sauber that's looking to go down if not bailed out by the group Russian sponors.

#494 RE: F1-news and -translations in 2013 by Jalumi 26.08.2013 20:04

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What a lot of money <img src=" title="blink" />

#495 RE: F1-news and -translations in 2013 by WHATEVER 27.08.2013 21:39

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Yes it's curious, it's seems people have F1 teams because they want to, not because they make a lot of profit. They even loose money in order to be in F1. It's amazing <img src=" title="blink" />

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