Joe Saward

The news that Fiat Chrysler Automobiles (FCA) is planning to spin Ferrari off into a separate company is interesting, but it is doubtful that the news will have much of an effect in Formula 1, although perhaps we will get a slightly better understanding of Ferrari’s financials as a result. What is clear is there […]
The new Fiat Chrysler Automobiles has announced plans to list Ferrari on US and European stock exchanges. FCA owns 90 percent of the Ferrari shares (the other 10 percent belonging to the Ferrari family) and the plan is for 10 percent to be floated and the remaining 80 percent to be given to FCA shareholders.
I wrote somewhere the other day that Formula 1 was “my sport”. It is, in my opinion, a sport that is owned, not by mean Scrooge-like characters who are in needs of ghostly visits in order to find redemption, but rather by all of us; by anyone who has an interest in, or passion for, […]
Austin is going to be a busy place on Friday night with the F1 fans in towns and Halloween as well, so if you are an F1 fan and want to get some pease and quiet, away from the madding crowd, why not come along to An Audience with Joe. If you are reading this […]
I’m sitting in the Admirals Club in Chicago, waiting for a flight to Austin and, while everyone is agonising about financial models (none of which will happen) unless some of the people round the sport change, I think we should bear a thought for the hundreds of people who are now without jobs because of […]
…I agree with Max Mosley. The former FIA President has been on  BBC Radio 5 live as a result of the collapse of Caterham and Marussia and I have to say that I agree with his views.
The current debacle going on in Formula 1 has raised the question of whether there should be customer cars.  I have written about this before, but I think it bears repeating. Customer cars was where F1 came from and it should not be where it is going to.
The current debacle going on in Formula 1 has raised the question of whether there should be customer cars in Formula 1.  I have written about this before, but I think it bears repeating. Customer cars was where F1 came from and it should be where it is going to.
Today we are looking at a situation in which there may be a need for Formula 1 teams to run extra cars in 2015, in order to meet a minimum number of cars that are required in the contract. One of the problems is that the number of cars required appears to differ from one […]
Geoff Rowley and Geoff Carton-Kelly, partners of FRP Advisory LLP, the specialist restructuring and recovery firm, have been appointed joint administrators to Manor Grand Prix Racing Limited, trading as the Marussia F1 Team. “With the Marussia F1 Team now in administration, the joint administrators have assessed that, given the current financial circumstances of the Group, it […]
You can read elsewhere on the Internet what I consider to be absolute tosh in respect of third cars. This suggests that the big teams will supply the smaller teams with cars in the event of there not being enough teams to make up the numbers. As I have explained several times all the contractual […]
The word from Bernie Ecclestone (by way of Reuters) is that neither Caterham nor Marussia will be in Austin next weekend, which means that the field will be reduced to just 18 cars. There is no time to cobble together any third car options, as it is believed that these require a minimum of 60 […]
Austin is going to be a busy place on Friday night with the F1 fans in towns and Halloween as well, so if you are an F1 fan and want to get some pease and quiet, away from the madding crowd, why not come along to An Audience with Joe. If you are reading this […]
Coventry, traditionally the home of the British motor industry, is planning to one of the first cities in Britain to host street events, once the British Government passes new legislation allowing the local authorities to close roads for competition, without the need of an act of parliament. The city council has given the go ahead […]
The Administrators from Smith & Williamson are planning to take over ownership of 1MRT in addition to acting as administrator for Caterham Sports Limited. This offers the potential for the team – or what is left of it – to race again this season. The news has been reported as Bernie Ecclestone allowing the team […]
The Administrators from Smith & Williamson are planning to take over ownership of 1MRT in addition to acting as administrator for Caterham Sports Limited. This offers the potential for the team – or what is left of it – to race again this season Finbarr O’Connell and Henry Shinners of Smith & Williamson, the accountancy […]
The two parties in the Caterham debacle are now throwing accusations at one another, while by blocking the team from using the cars the administrator is basically destroying what little value is left. The assets of the company will be sold and whoever owns the 1MRT franchise at that point could buy them for next […]
Tony Fernandes has now responded to the suggestion that the Caterham Group has failed to sign over the shares in Caterham Sport Ltd. This is rather more than yesterday’s Twitter remark, but it does little to clear up the situation. “In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 […]
The staff of Caterham F1 were locked out of the team factory on Thursday – and that means just one thing: the administrator needs to take a crash course in Formula 1 rules, regulations and contracts or else he will destroy what value there is left in the troubled F1 team. The role of an […]
Austin is going to be a busy place on Friday night with the F1 fans in towns and Halloween as well, so if you are an F1 fan and want to get some pease and quiet, away from the madding crowd, why not come along to An Audience with Joe. If you are reading this […]
The supposed plans for a Formula 1 race in Las Vegas have so impressed the city’s media that the Las Vegas Review-Journal laughed the suggestion off, although just to make sure the newspaper rang Las Vegas Events (LVE) president Pat Christenson, who said that he had not been involved in any discussions with anyone about […]
As we head off to Austin in a couple of days, there are quiet rumours cooking over in Texas that the promoters of the United States Grand Prix at the Circuit of the Americas are struggling to make the event pay and want to make some changes in the future. The word is that Texan […]
If Caterham does not make it to Austin, which now seems very unlikely, the F1 grid will shrink to 20 cars. The creditors of Caterham, however, will also be out of pocket and, as they scramble to stay afloat, we may see a knock-on effect as they put pressure on other teams for money.
The Caterham F1 team appears to be in a right mess at the moment, with the previous owner and the new owner in dispute. Obviously we are not privy to all the paperwork, but what we do have access to is filings at the UK’s Companies House. These are useful to understand what was happening […]
Tony Fernandes has responded to the Caterham press release saying on Twitter that “If you buy something you should pay for it. Quite simple”.
Tony Fernandes has responded to the Caterham press release saying on Twitter that “If you buy something you should pay for it. Quite simple”.
As previously reported there are problems between the buyers of Caterham F1 and the previous owners. The new owners – known as Engavest SA – says that it agreed terms with the previous owners at the end of June to take control. However they now say that the seller has refused to comply with its […]
All Formula 1 fans want to feel a little closer to the action. An Audience with Joe gives you the opportunity to do exactly that. The next Audience will be held on Friday, October 31, at the Z’Tejas Restaurant in Austin, Texas, from 7.00pm-11.00pm.
It has nothing to do with motor racing, but I feel the urge to mark the passing of Ben Bradlee, a man who did so much to define what good journalism should be – and who was not scared to take on the authorities when he felt it was necessary. Bradley made his name with […]
Reports that the Formula 1 World Championship could go over 20 events in the future should be treated with a certain amount of caution. While the Formula One group has a deal with the FIA that allows for a maximum of 25 races a year this was primarily a negotiating ploy that allowed the FIA […]
Christophe de Margerie, the chief executive of Total,  a major Formula 1 sponsor, has been killed when the company’s Dassault Falcon collided with a snow plough as it was taking off from Moscow’s Vnukovo airport on Monday night. The accident happened just before midnight and the Russian authorities say that the driver of the snow […]
There is trouble at Silverstone with the news that the three directors of Silverstone Circuits Ltd have been suspended on full pay pending an investigation into the affairs of the company. Silverstone Circuits Ltd is owned ultimately owned by the British Racing Drivers’ Club, which owns the circuit. Around 760 acres of the land has […]
Caterham Sports Ltd has  gone into Administration. The London-based  Smith & Williamson accountancy firm of Moorgate, London has been named at the administrator. The good stat were previously seized by the  The Sheriffs Office have been passed to the administrator
The FIA has announced the membership of  an Accident Panel to discuss Jules Bianchi’s accident at the Japanese Grand Prix. The group will carry out a full review of the accident to gain a better understanding of what happened, and will propose new measures to reinforce safety at circuits – if they are deemed to […]
All Formula 1 fans want to feel a little closer to the action. An Audience with Joe gives you the opportunity to do exactly that.
Wei Di, the director of the Automobile and Motorcycling Administrative Center, part of the country’s General Administration of Sport, says that a Chinese group is bidding to acquire a Formula 1 team and that “in the next one to two years, China will have its own F1 team”. He did not say who was behind […]
Nico Hulkenberg will continue to race with Force India in 2015. The 27-year-old German returned to the team in 2014 after a stopover with Sauber and has enjoyed a very good season.
Further to my previous post, I see that Forbes has paid me the compliment of going through my analysis, trying to pick holes in it. I trust that if I am proved to be correct they will dump their current correspondent on such matters and come to me for help… I used to work with […]
Health and Safety fans who have made such a fuss since the Bianchi accident in Suzuka, you can read in the news today that at least 39 people have just been killed while hiking in Nepal, because there were snow storms and avalanches that were not expected. An avalanche in April on Mount Everest also […]
In my experience, if Bernie says there’s a race coming in Las Vegas, he’s probably close to a deal somewhere else and this is a lever in a different negotiation. Call me a cynic, but Bernie never says anything about projected races without there being a reason to say it… When he says something like […]
There is a lot of fuss at the moment about the F1 engine rules and whether they should be changed. The current structure means that changing rules is very difficult and the whole business tends to get bogged down. This is something that the FIA allowed to happen because it wanted money and a share […]
It is just a few days since Sergio Marchionne took over as chairman of Ferrari, taking the role from Luca di Montezemolo. At the same time the Fiat Chrysler Automobiles company began trading on the New York Stock with shares priced at $9.00. The market has been rather wary and the share price is now […]
The word from Italy is that former Ferrari sporting boss Stefano Domenicali going to join Ducati, the Audi-owned motorcycle company based in Bologna. The word is that he will work alongside Gigi Dall’Igna, the former boss of Aprilia racing activities, who was appointed general manager of Ducati Corse a year ago. Andrea Dovizioso finished fifth […]
The latest round of unseemly reporting about the Bianchi accident has led to a reaction from Marussia regarding what was said or not said in radio transmissions to Bianchi in Japan. It is all recorded and at some point it will be made public if that is deemed to be the right thing to do, […]
I have a Russian colleague who has views that have shocked me of late. Of course, one must remember that most Russian media, especially the television, is controlled by the state or by those close to Russia’s leadership, but he actually seems to believe in the coverage of the Crimean crisis, the activities in the […]
Lewis Hamilton dominated the inaugural Russian Grand Prix at Sochi after Nico Rosberg blew his chances on the first lap. The German fought back to second place, showing just how strong the Mercedes is at the moment.
Here in Sochi the sun was shining today. The coastline along here is nice, so I am told, and rather reminiscent of the Cote d’Azur. The climate too is nice.
Lotus F1 Team and Mercedes AMG High Performance Powertrains have announce a long-term supply agreement which will see Lotus F1 Team utilizing the Mercedes-Benz Power Unit from the start of the 2015 season. The engines will use Petronas fluid, bringing to an end Lotus’s relationship with Total, unless there is marketing logic in the French […]
It’s 03.27 in the morning in Sochi and the Internet is working. This is good. It has been a rough couple of days for the F1 circus.
The Marussia F1 Team has put out a statement on behalf of the Bianchi family, in conjunction with the Mie General Medical Center. Jules Bianchi remains in the intensive care unit at the hospital and is listed as being in a critical but stable condition. The statement says that he has suffered from “a diffuse […]