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Wednesday, February 25, 2009

Williams OK despite RBS pullout

Williams CEO Adam Parr has assured the team is still in good shape though title sponsor Royal Bank of Scotland will not renew its deal when it expires in 2010.

Certainly this is anything but surprising. The troubled bank had to be bailed out by the government last year.

F1 Testing Sessions

Williams has also lost Lenovo, Baugar and Petrobras in the past year.

But Parr is confident the partners the team has retained, including four that upped their deals, in combination with cost-cutting measures the sport has adopted will make up the difference.

“Overall we have a solid budget for next year, but we are also in advanced negotiations with other partners,” ITV reports he said. “For 2010 we have 90% of the sponsorship for this year confirmed for next year and we will have further significant cost savings...I’m confident that for 2011 we will have a strong sponsorship roster. No individual sponsor is make-or-break for us.”

“Honda” will test next week

BBC Sport reports the team that was Honda will test next week at Jerez, adding fuel to hopes a deal will soon be reached and the team will be on the grid at Melbourne.

The BBC says team members have been told a deal is close, and quotes a “senior” source with the team saying the contracts are signed and it is in the hands of the lawyers.

Still to be resolved would be an engine deal, but according to the source, that’s covered.

“There's no way we'd go to any test without an engine deal,” the source is quoted. “If we're going to Jerez, it means it's a done deal.”

Make of that what you will. This would seem to fit with reports of transporters on the move, but we certainly haven’t been short of speculation, so let’s see how it all plays out. Don't miss the top stories of the day, subscribe to the SpeedRead Web newspaper now! -- Email SpeedRead -- Learn more about author C.D. Six


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