Kvyat out of Toro Rosso
It seems that Kvyat has ran his last race for Toro Rosso, they intend to finish the season with Brendon Hartley and Pierre Gasly. According to Helmut Marko "Kvyat will not return again. We do not believe he can make the turnaround in the long term. Gasly and Hartley are finishing the season. Then we’ll see what happens”. The Red Bull driver feeder team will be switching to Honda power next season. Having put drivers such as Sebastian Vettel, Daniel Ricciardo and Max Verstappen into Red Bull, all of whom have gone on to win races, it is looking like they may have a deficit of young drivers to come in the next year or two. Hartley at 27 can hardly be considered a young driver. It will be interesting to see their driver line-up for 2018, Pierre Gasly is very likely to get one of the seats and it may be that Honda want to put a young Japanese driver in the other, but no name springs to mind.
A few rumors doing the rounds
Max Verstappen is believed to have doubled his wages in the new deal keeping him at Red Bull until 2020. It is thought that he is currently on around $15 million a year, but that is going to go up significantly now, with the suggestion being that he will make $30 million a year in 2019 and 2020.
Leaks around the 2021 engine rules, it seems they will keep the 1.6-litre V6 but with very significant changes to the hybrid and associated systems. Many areas of the hybrid systems will be standardized, in an effort to reduce the costs. Teams will be allowed to buy and sell certain of their technologies to each other, not just engines. They also want the grid to grow to 12 teams so 24 cars.
There is a big push towards putting in place a budget cap, which is expected to go before the F1 Strategy Group in the first week of November. It is propose a top limit of $150 million, reducing over time to $100 million, it is believed this will make smaller teams more profitable and help to bring in new manufactures and engine suppliers. Along with the budget cap it is thought that Liberty Media want all the teams get the
same share of the revenues (socialism in F1
), allowing a small amount more for those who are more successful than others. It is also being talked about that Liberty want to keep more of the total revenue, changing the current split between FOM and the teams. This is not to give a bigger profit to the NASDAQ quoted company, but to allow FOM to invest more into the sport. Liberty Media are arguing that they want to take races to cities they want to go to and not be limited to just cities that want them. For example: if F1 wants to go a specific city and needs money to make that happen, this money could come from a new central fund created for that purpose, to help with upfront costs for the promoter. The goal, of course, would be to increase the revenues by building up the races, so in effect there would be a bigger pie so over time teams would not loose out as overall revenue will increase.
As mentioned above, Liberty Media keen to get switched over to direct-to-consumer coverage as quickly as possible, rather than using TV companies as middle men, clearly this would make them far more revenue than they current make selling the TV right, even at $10 a race Liberty media would make millions more selling direct to fans, it should be remembered that F1 is the biggest annual sporting event in the world, only the World Cup and the Olympics get higher viewing figures and they are only every 4 years. So the market is there for them to exploit.
It is also rumored that after the election in New York (in November I think), that if the current mayor wins F1 could be racing there very soon.