IndyCar: Saavedra’s pole continues growth to start 2014

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Sebastian Saavedra was asked about the pressure of having the pack of 24 other drivers behind him tomorrow, most of whom have more experience than he does.

The KV/AFS Racing driver responded with a mention of how he’s wiser beyond his years, as this is already his third full season in the Verizon IndyCar Series.

“To be honest, I feel old. I’m 23 years old, but I’ve been here already for three years,” he said. “I feel we are already a big family.

“At this time it’s not the time to try different things. It’s time to keep things the same way, focus on the start. It’s going to be huge, whoever gets a good jump or not. It’s a long straight. Whatever happens with the weather conditions and the wind direction, it’s going to be huge as well.”

Saavedra took a surprise pole position in a rainy qualifying session, but the fact he held it together is a testament to how much he’s improved with a switch to KV this year and grown over the course of just the first four weekends.

A setup gamble helped make the difference when Saavedra laid down the pole lap.

“We definitely were slightly different when it was the wet conditions this morning, trying different combinations,” he said. “At the end, we were pretty close.

“I think we made different aero configurations just trying to see who was going to take the right one. I think that was the main difference.”

In the first three races, Saavedra has posted two decent finishes (11th at St. Petersburg, ninth at Long Beach) and led his first 14 laps. He ranked this pole among his all-time racing highlights, and spoke of his improvement this year in mixing it up with the series leaders.

“I think in my professional career, it’s the top level, the top spot for sure. Definitely this is a point that makes you get addicted to more,” he said.

“The level of competition is almost the same that you no longer see drivers, you just see colors out there. You need to maintain it that way,” he added.

We’ll see if Saavedra can back up his excellent Friday with a career race, as well.

Street race in Vietnam could lead Formula One’s Asia expansion

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TOKYO (AP) — Formula One is expected to add more races in Asia, including a street circuit in the capital of Vietnam, a country with little auto racing history that is on the verge of getting a marquee event.

“We think Hanoi could come on in the next couple of years, and we’re working with the Hanoi government to that end,” Sean Bratches, Formula One’s managing director of commercial operations, told the Associated Press.

There is even speculation it could be on the schedule next season, which Bratches rebuffed.

Vietnam would join countries like Azerbaijan, Russia and Bahrain, which have Grand Prix races, little history in the sport, and authoritarian governments with deep pockets that serve F1 as it tries to expand into new markets.

“This (Hanoi) is a street race where we can go downtown, where we can activate a large fan base,” Bratches said. “And you have extraordinary iconography from a television standpoint.”

A second race in China is also likely and would join Shanghai on the F1 calendar. Bratches said deciding where to stage the GP will “be left to local Chinese partners” – Beijing is a strong candidate.

Bratches runs the commercial side of Formula One, which was acquired last year by U.S.-based Liberty Media from long-time operator Bernie Ecclestone.

Formula One’s long-term goal is to have 24-25 races – up from the present 21 – and arrange them in three geographical segments: Asia, Europe and the Americas. Bratches said the Europe-based races would stay in middle of the calendar, with Asia or the Americas opening or ending the season.

He said their positioning had not been decided, and getting this done will be slowed by current contracts that mandate specific places on the calendar for several races. This means eventually that all the races in Asia would be run together, as would races in Europe and the Americas.

The F1 schedule is now an inefficient jumble, allowing Bratches to take a good-natured poke at how the sport was run under Ecclestone.

“We’ve acquired an undermanaged asset that’s 67-years-old, but effectively a start-up,” Bratches said.

Early-season races in Australia and China this year were conducted either side of a trip to Bahrain in the Middle East. Late in the season Formula One returns to Asia with races in Japan and Singapore.

The Canadian GP this season is run in the middle of the European swing, separated by four months from the other races in the Americas – the United States, Mexico and Brazil. These three are followed by the season-ending race in Abu Dhabi, which means another trip across the globe.

“With the right economics, with the right structure and cadence of events across territories, 24 or 25 is probably where we’d like to be from a longer-term standpoint,” Bratches said.

Big changes are not likely to happen until the 2020 season ends. This is when many current rules and contracts expire as F1’s new owners try to redistribute some income to allow smaller teams to compete.

“There’s more interest than we have capacity in the schedule,” Bratches said, firing off Berlin, Paris or London as potentially attractive venues. “We want to be very selective.”

“Those cites from an economic impact standpoint would find us value, as do others around the world,” Bratches added. “It’s very important for us as we move forward to go to locations that are a credit to the Formula One brand.”

An expanded schedule would have to be approved by the teams, which will be stretched by the travel and the wear-and-tear on their crews. The burden will fall on the smaller teams, which have significantly smaller revenue compared with Ferrari, Mercedes or Red Bull.

Bratches also envisions another race in the U.S., joining the United States Grand Prix held annually in Austin, Texas. A street race in Miami is a strong candidate, as are possible venues like Las Vegas or New York.

“We see the United States and China as countries that could support two races,” he said.

Liberty Media has reported Formula One’s total annual revenue at $1.8 billion, generated by fees paid by promoters, broadcast rights, advertising and sponsorship. Race promotion fees also tend to be higher in Asia, which makes the area attractive – along with a largely untapped fan base.

In a four-year cycle, F1 generates more revenue than FIFA or the International Olympic Committee, which rely almost entirely on one-time showcase events.

Reports suggest Vietnamese promoters may pay between $50-60 million annually as a race fee, with those fees paid by the government. Bratches said 19 of 21 Formula One races are supported by government payments.

“The race promotion fee being derived from the government … is a model that has worked historically,” Bratches said.