أرشيف وسم ‘ Bernie Ecclestone ’

Posted on Thursday, November 17, 2011

2012 US GP in serious doubt

Texas Comptroller Susan Combs said today that there is too much uncertainty for the state to advance $25 million for the project even if Texas investors and Formula One boss Bernie Ecclestone patched up their problems this week. According to an interview published on statesman.com, Susan Combs insists that she has no idea what is going on behind the scenes despite the fact that she and promoter Tavo Hellmund had met many times during project talks. "That’s the promotion side. You’re now switching to the […]

Posted on Thursday, November 17, 2011

Ecclestone: Austin off 2012 calendar 'for sure'

Austin's formula one project is close to collapse, with Bernie Ecclestone saying the event will fall off the 2012 calendar "for sure". With the Texas state funding also in jeopardy and track construction halted, the main problem is a disagreement between Tavo Hellmund - who held the original race contract - and the separate company that is building the Circuit of the Americas. Asked by the Press Association if the impasse means Austin will be erased from next year's race schedule at the World Council […]

Posted on Wednesday, November 16, 2011

F1 trial twist as Ecclestone deputy fails to show

F1's corruption scandal has taken a fresh twist this week. The Financial Times reports that Stephen Mullens, Bernie Ecclestone's long-term deputy who left formula one a month ago, has failed to appear in Munich as a witness during the bribery trial of Gerhard Gribkowsky. He was due to give evidence on Tuesday. "The court was told Mr Mullens was using his right not to have to answer questions that might cause him to incriminate himself," read the media report. F1 chief executive Ecclestone, who like […]

Posted on Tuesday, November 15, 2011

Construction stops in Austin

Next year's United States Grand Prix is now in doubt.

Posted on Tuesday, November 15, 2011

Ecclestone comments endanger 2012 US GP funding

The fate of the 2012 US grand prix project has continued its downward spiral this week. Bernie Ecclestone intensified the speculation about the Austin event by saying in Abu Dhabi that he would not bet money it will take place. His references to disagreements within the organising bodies is now causing alarm in the Texas comptroller's office. The Circuit of the Americas was deemed eligible for millions in annual funding under the Major Events Fund, but comptroller Susan Combs has now revealed her concern. "I […]

Posted on Saturday, November 12, 2011

Ecclestone sure about Bahrain return

Bernie Ecclestone on Saturday sounded hopeful Bahrain will host its grand prix as scheduled next year, and less confident formula one will race in Austin. He was speaking in Abu Dhabi alongside his guest the crown prince of Bahrain, amid speculation within the media and team corps that the island Kingdom is not yet ready to welcome the sport back in the wake of the 2011 cancellation. "Just like any other country that's faced troubles in the past, we will move beyond it, we will […]

Posted on Saturday, November 12, 2011

Bosses back F1 to survive Eurozone crisis

Team bosses are sure formula one will weather the European storm. Struggling Eurozone members headed by Greece have triggered a worsening financial crisis in the sport's key market. But Sir Frank Williams, who is understood to be negotiating with Middle Eastern sponsors, remains confident that formula one will still be able to rely on European money. "I believe it (sponsorship) will still come from Europe because the sport is based in Europe, most people who watch it are from Europe but I think (F1 figures […]

Posted on Saturday, November 12, 2011

Ecclestone considers Concorde offer for Ferrari

Bernie Ecclestone could be planning to pull $100 million out of the coffers to give the negotiations over F1's next Concorde Agreement a kick-start. In 2005, amid the teams' threats that they would give up on the income offered by formula one and set up their own series, Ecclestone pulled off a masterstroke by paying Ferrari $100 million to sign up. Ferrari was selected by the F1 chief executive due to its arguably indispensible value to the sport, and indeed the breakaway threat duly folded. […]

Posted on Friday, November 11, 2011

Texas quiet but F1 'nervous' as corruption saga deepens

Texas officials would not comment when asked if Bernie Ecclestone's implication in the Gerhard Gribkowsky corruption scandal might endanger the 2012 US grand prix. It is feared that, with the F1 chief executive admitting in a German court this week to paying millions to hush the beleaguered banker, the Texas government might rethink contributing to the Circuit of the Americas project. The Austin American Statesman newspaper posed the question to the Texas comptroller's office. "All of these questions would require us to speculate," the office […]

Posted on Wednesday, November 9, 2011

Officials coy amid ongoing Bahrain axe rumours

FIA officials as well as Bernie Ecclestone are coy this week amid continuing uncertainty about Bahrain's return to the F1 calendar next year. After this year's race in the troubled island Kingdom was cancelled, Bahrain is scheduled to return to the schedule next April. Team bosses, however, have expressed concern that the unrest within Bahrain is not yet resolved, leading to a discussion during the recent F1 Commission meeting. But it is believed that, for now, the 2012 calendar as published by the FIA stands […]

Posted on Thursday, November 3, 2011

Ecclestone tips Hamilton to bounce back

Bernie Ecclestone has tipped Lewis Hamilton to bounce back from his current trough. The 2008 world champion has been sombre in the paddock and out of shape on the track this season, with Eddie Jordan saying the Briton has "lost his mojo". "In life you go through ups and downs," F1 chief executive Bernie Ecclestone is quoted by Germany's Sport1. "I think he is just going through a rough phase in his life in general, but Lewis will come back because he is great." Tuttosport […]

Posted on Thursday, November 3, 2011

Rumours hint at 2013 delay for Austin F1 race

The first US grand prix in Texas could be delayed a year until 2013, according to the latest rumours and reports. It is believed the Austin venue, where permits for vertical construction have only just been issued, will be discussed during Thursday's F1 Commission meeting in Geneva. Bernie Ecclestone is reported to have said in India last weekend that he believes there are "issues" within the group that is organising the 2012 race. KVUE News visited the site this week and reported "business as usual". […]