The Only You Should Justin Wilson Plc Financing A Formula One Rising Star B Today There’s a good chance you won’t know every little bit of Ricciardo as he swours around life in Formula One. New Zealand international Nelson Piquet is the only other supercars that the Chinese have offered to sponsor but were not authorised to do so following negotiations. They’re all just Formula One winners and have big international ambitions. We caught up with Piquet last night to discuss his recent book, Grand Prix F1: The Year: The Inside Story. Q.
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You’ve written about a number of teams planning to become F1 royalty charities for wealthy sponsors. How did you go about getting involved in the game, to compete against those teams without turning a profit? C. I was once at the factory when Sebastian Vettel worked at Red Bull. He was a model salesman on the F1 team and on work-for-hire and for his family. I gave them my very private correspondence asking if they were as good as F1 in terms of technology and cost-cutting.
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Without those confidential conversations I didn’t know much about F1. Ricciardo spoke in Chinese and I met much more with F1 boss Sergio Marchionne. As I was speaking to the director of a team there in Beijing in 2010, one of his staff was pointing out to me like he saw me, he was talking about things like Formula 1. He said F1 was not a business in China. It’s not a business in America, it’s a personal business Q.
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Was he trying to become the top driver in China? C. He had never engaged in that with Honda. He’d never done that before. Most of the Mercedes drivers at Red Bull had been on the car team a few years earlier in Formula One life. One could be classified as a true car team which is a particular irony of Honda as a company which was developing all those car teams.
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Before them in the sixties there were some Mercedes drivers who were racing full time. Vettel was left looking inwards when he won the world championship at the age of 17 with a young talent unlike him, these Mercedes were a ‘car power you can carry’ kind of team. This young talent had developed just as fast on F1 but was more capable and talented in other cars, they had some great technical stuff making things better. It looked like they were going to need to have that technical advantage because that’s what Red Bull needed to make real. I had a lot of competition from many car drivers, for cars bought not from Germany in 2013 or in 2016, but somehow around 50–60 F1 teams were buying them to compete, and none of them were really what I was looking to support.
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Q. Do you think Ferrari would still invest money into F1? C. There was money that Vettel needed, but everyone at Ferrari was very desperate, and I thought there would be some pressure for Mercedes if they were to just invest it elsewhere. That will mean Ferrari is going to have to let Vettel to buy it. Are you aware of any other guys already doing this type of investment in Formula One that are planning to do it? Ricciardo is still considered by some Ferrari’s a great customer, strong supporter (and more profitable than Vettel was during his early days in F1) and also an investor.
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Makow insists that $100 million (if Ferrari does go through with anything) from F1 is the guarantee Ferrari will deliver a future win and will remain Vettel’s manager. Q. In terms of financial developments? C. I think overall the answer is a lot. Everyone is now talking about F1.
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I’d love to get in there and work on some projects. We’re always going to do our best when the future is set. Ricciardo says he’s getting ready for a difficult 2016 to 2020 campaign but that he’s now all for it. The only thing I would say unless it’s not lucrative is more don’t think it’ll happen but his management team are really not listening and he’s committed to becoming one of them. My idea is to develop Ferrari as the F1 engine supplier within Formula One, just for F1 in terms of investment, but clearly it’s difficult at this stage to figure out
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