The Week in Words (Jan 13-19)

The Week in Words (Jan 13-19)

The who, what, when, why, how and huh of the past seven days, from Bernie to Crofty…

“The Quantum money never arrived. We have now cancelled the deal. 2014 is complete with our new sponsor PDVSA’s budget. We will not make any new debt.”

Lotus owner Gerard Lopez puts any rumours about the team’s future to bed.0739LW1D3573

“Following a decision by the World Motor Sport Council confirming Pirelli’s status as the single supplier of tyres to the FIA Formula One World Championship, Pirelli and the FIA have renewed their Formula One tyre supply contract. The duration of the agreement is for three years, starting from the 2014 season.”

Pirelli extends its F1 deal for another three years.

“After discussion with the board, Mr. Ecclestone has proposed and the board has agreed that until the case has been concluded, he will step down as a director with immediate effect, thereby relinquishing his board duties and responsibilities until the case has been resolved. It is in the best interests of both the F1 business and the sport that Mr. Ecclestone should continue to run the business on a day to day basis, but subject to increased monitoring and control by the board. Mr. Ecclestone has agreed to these arrangements.”

This week’s big news: Mr. E steps down as director.

“I think you could see a very high retirement rate, maybe even 50 per cent in the first race. Petrol is a challenge this year because we are limited to 100 kg of fuel to start the grand prix with, but more reliability issues in the early races will be a key factor.”

Christian Horner gets a bit melodramatic.

“My fellow shareholders have mandated me to write an exciting new chapter in the story of McLaren, beginning by improving our on-track and off-track performance. Over the coming weeks I intend to undertake a thorough and objective review of each of our businesses with the intention of optimising every aspect of our existing operations, whilst identifying new areas of growth that capitalise on our technologies, and where appropriate further investing in them.”

Ron Dennis goes back to being CEO at McLaren.

“We have responded to the FIA’s ‘call for expression of interest’ regarding a Formula One entry on behalf of Haas Racing Development. We respect the FIA’s evaluation process and will share more details in the coming weeks.”

0823CB7D6620Hopes of an American team in the sport reignite.

“Unfortunately I have to repeat that any information regarding Michael’s health not coming from the doctors treating him or from his management must be treated as pure speculation. I also repeat that Michael’s family is very happy and confident with the work of the team of doctors treating Michael, and they trust them completely. Michael’s condition is still considered as stable.”

Michael Schumacher’s manager gives an update on his condition.

“I can’t wait for the first test, not just to see who has got it right but to see who has got it wrong as well, because people will and everyone is predicting carnage. I don’t think we will see that, but we will see reliability issues, upsets, shocks, uncertainty. I’ll vote for that any day of the week.”

Sky Sports’ David Croft looks forward to the start of the new season.

“Formula One will never sort out its problems, for when this one is solved another will crop up. That is the nature of the sport. In a way, though, this is a good thing. It means those who run the sport are never satisfied. They care. Formula One was founded on the principle of self-improvement, and a cost cap is just the latest update waiting to be installed.”

Is a cost cap really viable in Formula One?

Images courtesy of Octane Photographic.

Luke Smith

Luke Smith

Luke Smith is the Editor-in-Chief and Founder of Richland F1. Having started the website in March 2012, he has gone on to become one of the youngest members of the Formula 1 paddock after joining American broadcaster NBC Sports at the beginning of the 2013 season. Luke now works as the network's lead F1 writer, supporting the TV coverage on nbcsports.com. Luke's work has also been featured on NBC News, Yahoo! Sports, Driven Magazine and the Bahrain Mirror, and he has also appeared on CNBC's TV series "One Second in F1 Racing".