The India Government has refused to provide financial support for Formula 1 racing in the country - as it doesn not believe that racing is a sport!!
This is the argument released by the government:
"Formula 1 racing would have no impact on the development of sports in the country. Formula 1 is not purely sports. It is entertainment and this venture by JKSP is a commercial initiative. It will not have an impact on Indian sports in terms of either participation, broad-basing or promotion of excellence."
Tuesday, 25 August 2009
Friday, 12 June 2009
A secret meeting was held in London yesterday between FIA president Max Mosley and eight dissident teams to posting unconditional entries.
Scuderia, along with Renault, Toyota and the two Red Bull-backed teams have been the most vocally-opposed to Mosley's budget cap plan, claiming that the technical benefits signing up to it may confer on rivals would lead to a two-tier split in the sport. The move has been proposed by Mosley in a bid both to cut the cost of competing in the wake of Honda's 2008 demise and, as a result, bring in new blood to swell the grid.
Reuters claims that various sources have suggested that one compromise could see the entry list published incomplete, with some entries unfilled pending further talks.
The news agency also claims that a letter, from Mosley to FOTA president Luca di Montezemolo, admits that the level at which the budget cap is set could be massaged to start at a higher level before following a 'glide path' to the FIA's desired £40m limit in future seasons. That, however, could alienate some of the ten or so organisations who have lodged bids to join the grid under tight cost-capping measures.
Monday, 18 May 2009
Hundreds of environmentalists demonstrated over the weekend in Versailles against the track with banners saying: "F1: Non, Organic (farming): Yes".
Alain Prost, the former quadruple world champion who has lobbied for the Paris area track, said that it had become the victim of a "political problem".
"Things have to be clear at the government level," he told Le Journal du Dimanche. "It's typical of France." "A Grand Prix around Paris would be as strong (a message) as the football World Cup," he added. Mr Prost recently declared that France was "anti-cars".
Thursday, 2 April 2009
According to the race stewards the reigning world champion had deliberately misled them when providing evidence about an incident that saw him passed by Jarno Trulli during a safety car period. After a hearing yesterday, the stewards decided to reinstate Trulli's third place and to sanction Hamilton and McLaren by excluding them from the race classification.
They explained their decision in a statement, which read: "The stewards having considered the new elements presented to them from the 2009 Australian Formula One Grand Prix, consider that driver No 1 Lewis Hamilton and the competitor Vodafone McLaren Mercedes acted in a manner prejudicial to the conduct of the event by providing evidence deliberately misleading to the Stewards."
Thursday, 26 March 2009
Britain's Times newspaper reported that Renault team boss Flavio Briatore and McLaren Chairman Ron Dennis threatened to organise a boycott of Sunday's race unless Formula 1 supremo Bernie Ecclestone paid up.
Ecclestone in return has reportedly threatened to cancel the charter plane taking the cars to Melbourne. A statement posted on the official Formula 1 website (www.formula1.com) by his Formula 1 Administration accused FOTA of making "inaccurate and misleading" comments. "Neither CVC nor FOA owes any amount to any team," it said.
McLaren team Principal Martin Whitmarsh said that while he had not been at the meeting, he believed Ecclestone's version of events to have been "relatively theatrical".
"There is a lot of tension in this climate about lots of teams being owed lots of money," he said. "I think that is a business between the teams and Bernie that needs to be resolved urgently."
"We don't know what to expect this weekend," Lewis Hamilton said. "It will be a real challenge for everyone, so much has changed. It doesn't only affect drivers but the teams.
"People will be making adaptations and getting used to it."