Tag Archives: team

Red Bull staff will get big bonus for winning title again

Constructors champion Red Bull Racing have decide to pay every member of its staff with a bonus $16,000 after winning the Formula One Drivers’ and Constructors’ championships for a third, consecutive time in 2012, the Telegraph reports.

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Image source: Yalla F1

This will cost the energy drink-owned squad millions, but not as much as the financial windfall of winning the title as spelled out in the Concorde Agreement brings them. According to Telegraph’s Tom Cary McLaren failing to leapfrog Ferrari for second place in the constructors’ standings in Brazil cost them about $12 million.

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HRT wants EUR 40m for dying F1 team

Thesan Capital are seeking € 40 million for the struggling backmarker HRT, according to the Spanish sports daily AS.

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Image Credit: sportinglife.com

The newspaper also revealed that talks with potential buyers from India and Abu Dhabi are underway.

“the time has come for the team to continue growing with new financial backing”.

Rumours suggest that the team were in the process of sacking more than 30 employees, and needed a buyer before the first days of December to survive.

HRT engineers are concerned that Pedro de la Rosa and Narain Karthikeyan are being put into races at the wheel of unsafe HRT cars.

Indeed, at the most recent grands prix in Abu Dhabi and India, Karthikeyan and de la Rosa respectively retired in spectacular style with fundamental technical failures.

Pedro De la Rosa crashed due to brake failure, while Mercedes’ Nico Rosberg was sent airborne when Karthikeyan slowed because his steering wheel “locked solid”.

“Narain told me that his steering broke,” said Rosberg, “and he needed to brake which I didn’t expect in a high speed corner.”

AS suggests that HRT has considered simply withdrawing from the 2012 championship, but is pushing ahead for now due to its commitment to the Concorde Agreement.

According to the report, HRT was hoping its association with Chinese reserve driver Ma Qinghua would bear fruit.

Chief executive Saul Ruiz de Marcos reportedly wrote a letter to China’s motor racing federation, saying Ma would make his F1 debut in 2013 if he could bring EUR 30 million in backing.

Source: Spanish Daily AS and F1zone.net

Caterham name Cyril Abiteboul as team principal

Caterham appoints the youngest team principal in F1 as the successor to Tony Fernandes.

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Chief Executive Officer Cyril Abiteboul (35), will move up to his new role with immediate effect. He was appointed as CEO this September. He was the former deputy chairman of Renault Sport, Caterham’s engine supplier.

Narain Karthikeyan sponsored by Tata Tea

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Narain Karthikeyan has received sponsorship from Tata Tea for the upcoming Grands Prix in Singapore and India. The latter will be the HRT driver’s second home F1 race.

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Owned by Tata Global Beverages, logos for ‘Tata Tea’ will appear both on the HRT car and the helmet and drinks bottle of Karthikeyan for the respective Marina Bay and Buddh races.

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“The Tata Group has supported me since my early days of competition, so it’s great to be associated with yet another world-class Tata brand,” Karthikeyan says.

Karthikeyan’s immediate Formula 1 future remains unknown, with Barcelona’s Dani Clos tipped by most to be joining Pedro de la Rosa in the race line-up of 2013.

Source: GPupdate.net