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Timeline: Tracking six weeks that flipped the 2017 F1 driver market

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The waiting is finally over. After six or so weeks of speculation, rumors and theories about who might replace Nico Rosberg at Mercedes, Valtteri Bottas was finally unveiled by the team as its second Formula 1 driver for 2017 on Monday.

Bottas’ arrival from Williams has been expected since about the middle of December, making the news hardly surprising. Nevertheless, it is still highly significant.

With Pascal Wehrlein joining Sauber and Felipe Massa due to return at Williams, the driver market is – for now – complete. We still wait for news on Manor’s future after it entered administration earlier this month.

Can’t remember all that has happened since Nico dropped the mic and walked away from F1? Here’s a timeline of events to refresh your memory.

November 27 – Nico Rosberg clinches his maiden F1 world title in Abu Dhabi, finishing second in the race to win the championship by five points. Felipe Massa makes what was planned to be his final F1 start.

December 2 – Rosberg announces his immediate retirement from F1 in a press conference ahead of the FIA gala in Vienna, Austria.

December 3 – Mercedes non-executive director Niki Lauda says he has received calls from half the F1 grid enquiring about Rosberg’s seat.

December 4 – Ferrari’s Sebastian Vettel dismisses the suggestion he could leave Ferrari and take Rosberg’s seat for 2017. Lewis Hamilton claims he’s not chasing number one status at Mercedes following Rosberg’s departure.

December 6 – Mercedes F1 chief Toto Wolff admits the team has to consider Fernando Alonso for the vacant seat, but hints a deal for 2017 would be unlikely.

December 8 – Mercedes posts a tongue-in-cheek advert in Autosport magazine regarding its driver vacancy for 2017.

December 9 – Former manager and long-term confidante of Alonso, Flavio Briatore, says that the Spaniard will not take Rosberg’s seat.

December 11 – Hamilton and Wolff enjoy an “amazing” meeting regarding plans for the 2017 season. Hamilton says Mercedes will have “the strongest partnership” to defend its titles. BBC Sport reports that Valtteri Bottas is Mercedes’ prime target and has already tabled an offer for the Finn.

December 13 – Alonso tells the entire McLaren team at its base in England that he remains committed to the project, ending speculation about a possible move.

December 14 – Williams’ Pat Symonds says that keeping Bottas is “crucial” to the team’s future success.

December 15 – Mercedes confirms that it will make no announcement regarding Rosberg’s replacement until January 3 at the earliest. Claire Williams says that Williams was open to letting Bottas leave, relying it could find a suitable replacement.

December 16 – Red Bull F1 chief Christian Horner says he would not allow junior driver Carlos Sainz Jr. to take Rosberg’s seat.

December 20 – Reports suggest that Massa has agreed to come out of retirement and return to Williams for 2017, paving the way for Bottas to leave the team.

December 30 – Massa posts on Instagram that he is back “training hard” in America.

January 3 – The earliest date for an announcement from Mercedes passes.

January 4 – Mercedes confirms it will launch its 2017 F1 car, the W08, at Silverstone on February 23.

January 6 – Manor – the team Wehrlein raced for last year – enters administration, raising doubts over the team’s future and place on the 2017 grid.

January 15 – Claire Williams says she expects to make an announcement about Bottas’ future within a week.

January 16 – Pascal Wehrlein is officially announced by Sauber; photos of Bottas in Mercedes team gear leak online; Williams confirms Massa will return; finally, Bottas is announced officially at Mercedes.

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.