Category: formula 1

Fernando Alonso to Leave F1 in 2019: http://fo…

Fernando Alonso to Leave F1 in 2019: http://formula1insider78.blogspot.com/2018/08/fernando-alonso-to-leave-f1-in-2019.html

McLaren Formula 1 – McLaren confirms Fernando …

McLaren Formula 1 – McLaren confirms Fernando Alonso decision:

Fernando will not race in Formula 1 in 2019

McLaren Racing today confirms that double F1 World Champion Fernando Alonso will not race in Formula 1 in 2019.

Fernando, who turned 37 in July, is competing in his 17th F1 season, his fifth with McLaren, and has amassed 32 wins, 22 pole positions and 97 podiums to date. Beyond his two titles – in 2005 he became the then-youngest world champion in F1 history – Fernando has been championship runner-up three times.


Zak Brown, Chief Executive Officer, McLaren Racing, commented:

“Fernando is not only an outstanding ambassador for McLaren but also for Formula 1. His 17 years in the sport, as arguably the pre-eminent driver of his generation and undoubtedly an F1 great, have added another layer to Formula 1’s rich history.

“There is a time for everyone to make a change and Fernando has decided the end of this season to be his. We respect his decision, even if we believe he is in the finest form of his career. Our open dialogue with Fernando has meant we could plan for this eventuality.

“While evaluating his future during the past months, Fernando’s competitiveness has been undimmed. He has continued to perform at the highest level throughout, as we know he will do in the remaining nine races of this year’s championship.

“I know that the entire team joins me in paying tribute to Fernando’s enormous contribution to McLaren; he is a legend both for the championship and for the team. Fernando is an important part of our story and will join an illustrious line of McLaren drivers. On behalf of Shaikh Mohammed, Mansour and our entire board, we wish Fernando every success in the future.”


Fernando Alonso commented:

“After 17 wonderful years in this amazing sport, it’s time for me to make a change and move on. I have enjoyed every single minute of those incredible seasons and I cannot thank enough the people who have contributed to make them all so special.

“There are still several grands prix to go this season, and I will take part in them with more commitment and passion than ever.

“Let’s see what the future brings; new exciting challenges are around the corner. I’m having one of the happiest times ever in my life but I need to go on exploring new adventures.

“I want to thank everyone at McLaren. My heart is with the team forever. I know they will come back stronger and better in the future and it could be the right moment for me to be back in the series; that would make me really happy. I have built so many great relationships with many fantastic people at McLaren, and they have given me the opportunity to broaden my horizons and race in other categories. I feel I am a more complete driver now than ever.

“I made this decision some months ago and it was a firm one. Nevertheless, I would like to sincerely thank Chase Carey and Liberty Media for the efforts made to change my mind and everyone who has contacted me during this time.

“Finally, I would also like to thank my former teams, team-mates, competitors, colleagues, partners, journalists and everyone I have worked with in my F1 career. And, especially, my fans all over the world. I am quite sure our paths will cross again in the future.”

Belgian GP: CIRCUIT PREVIEW – http://formula1i…

Belgian GP: CIRCUIT PREVIEW – http://formula1insider78.blogspot.com/2018/08/belgian-gp-circuit-preview.html

Belgian GP: TRACK SCHEDULE – http://formula1in…

Belgian GP: TRACK SCHEDULE – http://formula1insider78.blogspot.com/2018/08/belgian-gp-track-schedule.html

Force India Saved By Stroll: http://formula1in…

Force India Saved By Stroll: http://formula1insider78.blogspot.com/2018/08/force-india-saved-by-stroll.html

Niki Lauda Receives Lung Transplant: http://fo…

Niki Lauda Receives Lung Transplant: http://formula1insider78.blogspot.com/2018/08/niki-lauda-receives-lung-transplant.html

Force India Enters Administration: http://form…

Force India Enters Administration: http://formula1insider78.blogspot.com/2018/08/force-india-enters-administration.html

Stroll-backed consortium saves Force India

Stroll-backed consortium saves Force India:

The administrators for the Force India Formula 1 team have accepted a bid from a consortium led by Lawrence Stroll.

Force India has been in administration since the Friday before the Hungarian Grand Prix as parties involved sought to protect it against the threat of a winding-up order over mounting debts.

It was confirmed on Tuesday evening that a consortium, led by Stroll, had been assembled with the assistance of Force India’s chief operations officer Otmar Szafnauer and the team’s senior management.

A deal has agreed with the joint administrators, appointed by FRP Advisory, to return the team to solvency.

Stroll’s fellow investors are Canadian entrepreneur Andre Desmarais, Jonathan Dudman of Monaco Sports and Management, fashion business leader John Idol, telecommunications investor John McCaw Jr, financial expert Michael de Picciotto, and Stroll’s business partner Silas Chou.

Force India’s creditors will be paid in full, all 405 jobs at the team have been saved and ongoing funding has been guaranteed.

The new set-up, which signed an exclusivity agreement on Tuesday, takes over ownership of the team from Vijay Mallya and Orange India Holdings Sarl.

“This outcome secures the future of the Force India team in Formula 1 and will allow our team of racers to compete to our full potential,” said Szafnauer.

“I am delighted that we have the support of a consortium of investors who believe in us as a team and who see the considerable business potential that Force India has within F1 now and in the future.

“At Force India, our expertise and commitment has meant that we have always punched above our weight and this new investment ensures that we have a bright future ahead of us.

“I also would like to thank Vijay, the Sahara Group and the Mol family for all of their support and taking the team as far as their circumstances would allow.”

Stroll had been linked with investing in Force India for some time and its need for a new owner presented an opportunity to become more directly involved.

He has been backing Williams through support for his son Lance, who has driven for the British team since making his F1 debut last season.

Several other parties had expressed interest, including two US consortiums and a British firm.

“It is rare that a company can be rescued and returned to a position of solvency,” said joint administrator Geoff Rowley.

“The quality of the various interested parties has been impressive and required careful consideration as the administration has progressed.

“Having followed a robust process, in the end we were left with a highly-credible offer to save the company and restore solvency.

“Funding to support the team will be made available from today, and significantly more will be available once the company emerges from administration which we expect within the next two to three weeks.”

Now that a bid has been accepted the administrator will look to confirm finer details, including finalising the agreement to buy the team and agree elements like the contract to use Mercedes engines transferring to the new company.

The team has owed money to several creditors, notably Mercedes and driver Sergio Perez, who used this to trigger the action that led to Force India being put into administration at the request of senior members of the team.

Force India needs the change of ownership to be completed so it can commission suppliers to produce upgraded parts, which will be crucial in its championship battle.

The team is currently sixth in the constructors’ contest, seven points behind Haas and 23 behind fourth-placed Renault.

Sebastian plucking Robin’s nose at the end of …

Sebastian plucking Robin’s nose at the end of the race😍 – Hungarian Gp 2018

The following have been updated POST-Hungarian…

The following have been updated POST-Hungarian GP:

1. Drivers Standings

2. Constructors Standings

3. Penalty Points Chart

4. 2018 Fastest Laps 

Find them here —-> formula1insider78.blogspot.com