New York Times Selling Its Stake In NASCAR

The New York Times and NASCAR – About the only support that the NYT shows for its investment in NASCAR is found on its New York Times Store page. Funny, they do not even feature models of the team that they have a financial stake in, Roush Racing. Image Credit: The New York Times Company

New York Times Selling Its Stake In NASCAR

It was not widely publicized, but the New York Times Company had a financial stake in one of the most recognized racing teams in NASCAR, Roush Racing.

The Gray Lady (or as some have nick named the paper, Fish Wrap) acquired an interest in this motorsports venture when the Boston Red Sox owner John Henry aquired the team and unveiled the car at Fenway Park prior to last June’s Lenox Industrial Tools 300 at New Hampshire.

The NYT, through its motto printed in the upper left-hand corner of the front page, "All the News That's Fit to Print", never revealed that it had invested in a leading NASCAR team … and if it had, may have actually bolstered its image outside of the upper west side of Manhattan and slowed down its demise in subscriptions.

They could have changed its motto to “All The News For The Everyman” … not just an elitist rag anymore



Painted to resemble a baseball with red stitching and “Red Sox” emblazoned across the hood above a “Lumber Liquidators” sponsor logo, the red and white car slowly made its way into the park. It carefully rolled along the warning track in right field, made a right turn at Pesky’s Pole, and came to a stop along the first-base line. Image Credit: Roush Racing/Sox & Dawgs

This excerpted and edited from Full Throttle -

Roush Racing and the New York Times
By Marc, Full Throttle • January 28, 2009

Hard as it is to keep up with the current financial tentacles that are becoming more convoluted with each merger or “alliance” of NASCAR teams it’s understandable some things sail under the radar of daily news.

We’re all familiar with the investment Boston Red Sox owner John Henry took in the Roush Racing team.

It was all very high profile with Roush and Henry presiding over the unveiling of the #99 Red Sox/Lumber Liquidators Ford Fusion at Fenway Park.
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Henry acquired a 50 percent stake of Roush’s racing empire for $62 million, that added to Henry’s own empire that includes the Fenway Sports Group - a wholly-owned subsidiary of New England Sports Ventures, the ownership group of the Red Sox, Fenway Park, and New England Sports Network.

However, there was another financial player involved with a 17.75 percent ownership interest in New England Sports Ventures.

That player, unknown to this itinerant blogger and usually referred to as the “Fish Wrap,” (one of many) is the New York Times.

This has come to light with the news the Times is searching for a buyer the New England Sports Ventures portion of its investment portfolio and has retained Goldman, Sachs & Co. as its financial advisor for the possible sale.
Reference Here>>

ChampCar Vet, Neel Jani Wins In Taupo

Neel Jani At Speed - A1 Team Switzerland claimed its second win of the season in this afternoon’s Feature race in A1GP Taupo, New Zealand. Image Credit: A1GP – SUI

ChampCar Vet, Neel Jani Wins In Taupo

Neel Jani drove for the PKV Racing team in the Champ Car World Series in 2007. He ended the series in ninth place with a total of 231 points. After choosing to focus on the 2007-2008 A1GP season rather than stay in ChampCar/IRL for 2008 season (the series was absorbed by the IRL).

Jani has not been linked to any 2009 IRL rides to date. PKV Racing became KV Racing Technology upon the transition phase of ChampCar into the IRL at the beginning of the 2008 season.

Neel Jani On The Podium - He got ahead the pole-sitter, A1 Team Ireland’s Adam Carroll, in a crucial moment in the second round of pit stops, when it was slightly slower in getting away than Jani’s Swiss machine. Jani then controlled the race, surviving a late scare when the field close up after a late safety car period. Image Credit: A1GP – SUI

This Excerpted and edited from Autosport –

Jani wins Taupo feature race
By Mark Glendenning - Sunday, January 25th 2009, 04:53 GMT

Team Switzerland's Neel Jani took advantage of a Team Ireland pitlane mishap to win the feature race in this weekend's A1GP round at Taupo.

After a brilliant start from fifth, Jani had been running second behind Ireland's Adam Carroll until the pair made the second and final of their compulsory stops.

Both pitted on the same lap and the Irish crew was able to release Carroll into the lead, only for the car to suffer a problem with its anti-stall and stop momentarily in the pitroad.

Ironically, it stopped right beside the Swiss pit crew, who were just completing their own stop, and by the time Carroll had got his car moving again Jani had already gone past.
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Neel Jani On The Podium - Two other ChampCar refugees (Robert Doornbos, Dan Clarke) and one IRL driver (Marco Andretti) were in the field as well. Image Credit: A1GP – SUI

How the field finished (ChampCar/IRL drivers in bold):
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Pos Driver Team Time
1. Neel Jani Switzerland 1:06:19.574
2. Adam Carroll Ireland + 1.047
3. F. Albuquerque Portugal + 2.379
4. John Martin Australia + 10.593
5. Robert Doornbos Netherlands + 14.402
6. Loic Duval France + 17.423
7. N. Karthikeyan India + 20.215
8. Marco Andretti USA + 20.799
9. Edoardo Piscopo Italy + 23.156
10. Adrian Zaugg South Africa + 23.347
11. Fairuz Fauzy Malaysia + 26.832
12. Felipe Guimaraes Brazil + 1 lap
13. Dan Clarke Great Britain + 1 lap
14. C. van der Drift New Zealand + 1 lap
15. Cheng Cong Fu China + 1 lap
16. Salvador Duran Mexico + 7 laps
17. Satrio Hermanto Indonesia + 8 laps
18. Clivio Piccione Monaco + 17 laps
19. Daniel Morad Lebanon + 49 laps
Reference Here>>

Dan Clarke is confident that he will return to racing full-time this year, and expects to secure a drive in the IndyCar Series.The Briton lost his drive when the Champ Car World Series merged with IndyCar on the eve of the 2008 season, and spent last year on the sidelines. But he has returned to action with Team Great Britain at the Taupo A1GP races this weekend, and while he wouldn't rule out more A1GP appearances, he said his priority was getting an IndyCar seat. "I'm still living in Indianapolis, and we're still gearing up for a season in IndyCar," Clarke told autosport.com. Caption and Image Credit: Autosport

... notes from The EDJE

F1 Season Begins For The Toyota TF109

The TF109 - Image Credit: Panasonic Toyota Racing

F1 Season Begins For The Toyota TF109

Yesterday marked the first day Panasonic Toyota Racing debut its new sled that will campaign for the title of the 2009 Formula 1 open wheel motorsports racing season.

The team's eighth season in Formula 1 sees major rule changes so the new TF109, revealed exclusively on www.tf109-premiere.com, looked considerably different to its predecessor, featuring wider front wings and narrower rear wings among other modifications.

The test, yesterday, completed an exhaustive development process which began in October 2007, when the 2009 regulations were confirmed. The TF109 began pre-season testing at Algarve Motor Park in Portugal.

Despite the TF109's fundamentally different appearance, Panasonic Toyota Racing's ambitious goals remain, as Chairman and Team Principal Tadashi Yamashina states: "Our target this year is to fight to win the first race for Toyota in Formula 1."

Kamui Kobayashi in the garage at Algarve Motor Park Image Credit: Panasonic Toyota Racing

The significant progress shown in 2008, when the team hit its targets of returning to the podium and significantly increasing its points total, has bred confidence.

Panasonic Toyota Racing achieved two podiums, one front row start and, with 56, scored more points than in 2006 (35pts) and 2007 (13pts) combined. A Toyota was in the top 10 on the starting grid for 14 of the 18 Grands Prix, finishing in the points 12 times, with nine top-six finishes.

President John Howett says: "We have gained a huge amount of knowledge and improved considerably. There are many elements of our team which are at the very highest level so the challenge now is to fill any gaps and ensure the entire organisation is performing at the very top. Then we must put all the elements together and deliver the success we are all fighting so hard for."

Kamui Kobayashi leaves the garage in the new TF109 at Algarve Motor Park - Image Credit: Panasonic Toyota Racing

This excerpted and edited from the Panasonic Toyota Racing team website -

THE SEASON STARTS HERE
Portimao Test - Day 1 - Monday 19 January 2009
Location: Algarve Motor Park, Portimao, Portugal
Drivers: Kamui Kobayashi

Panasonic Toyota Racing got its 2009 testing programme underway today at a new venue for the team; the Algarve Motor Park in Portugal. Kamui Kobayashi was at the wheel for the first pre-season tests of the TF109, which was unveiled for the first time on www.tf109-premiere.com last week. After conducting a successful and trouble-free roll-out of the TF109 yesterday, Kamui continued to work on the team's kinetic energy recovery system (KERS), which is being used on track for the first time this week, as well as performing systems checks and gathering information about the new car. Unfortunately, wind and rain, particularly in the afternoon, disrupted the programme. Jarno Trulli takes over from Kamui tomorrow.

Image Credit: Panasonic Toyota Racing

Kamui Kobayashi - Chassis TF109-02
Best Lap Time: 1min 50.989s
Position: 5th
Total laps: 46
"Today has gone well and I am happy with the new car. It has been an interesting experience to drive with KERS for the first time and we are understanding more about the system all the time. This is my first time driving at this track and I have to say I am very impressed; the lay-out is really exciting and quite challenging for a driver. The weather was far from ideal, especially in the afternoon, so that meant we could not spend as much time on track as we planned."

Kamui Kobayashi in the new TF109 taking a corner at Algarve Motor Park - Image Credit: Panasonic Toyota Racing

Pascal Vasselon, Senior General Manager Chassis
"It is always a very exciting moment to see your new car begin pre-season testing and that is especially true this year after such a significant regulation change. Overall I am very pleased with the initial results from the TF109 and I believe we have good reason for optimism. Of course, it is very difficult to make comparisons to the other teams in the winter, and that is particularly true when the weather is not very good. In addition to the usual challenges of testing a new car, we worked with the KERS system again today. This is a new technology to Formula 1 so there is a huge amount to learn but our hard work in the factory meant we were quite well prepared for this first test and we have collected a lot of important information."
Reference Here>>

Cost-saving is high on the Formula 1 agenda and Panasonic Toyota Racing in the design of the TF109 was committed to reducing expenditure while maintaining the sport as the pinnacle of motor racing.

The Formula One Teams' Association (FOTA) and the International Automobile Federation (FIA) have agreed significant reductions for 2009, including a ban on in-season testing, wind tunnel restrictions and factory closures for six weeks a year.

So, heading into a fascinating Formula 1 season, Panasonic Toyota Racing is completely committed to success on and off the track. The 2009 season starts with the Australian Grand Prix in Melbourne on 29 March, while the 17th and final race is the inaugural Abu Dhabi Grand Prix on 1 November.

... notes from The EDJE

A Taupo, New Zealand Summer Run For A1GP

A1GP Race Start At Taupo Motorsport Park, NZ In 2008 - Now in its fourth season, A1GP takes in a mix of established world-famous venues plus exciting new state-of-the-art facilities and tight twisty street circuits, delivering high-speed adrenalin fuelled action at every turn. Image Credit: A1GP

A Taupo, New Zealand Summer Run For A1GP

A1GP World Cup of Motorsport prepares to hit the track for the first races of 2009 as Round 4 of the A1GP World Cup of Motorsport takes place at Taupo, on the North Island of New Zealand, from 23rd to 25th January.

For the third visit to the Taupo Motorsport Park, the series will break with tradition and the Sprint race will have a standing and not a rolling start.

The decision was taken on safety grounds, as in the past there have been collisions due to the tight "S" bend close to the start.

This excerpted and edited from Citizen Media -

Taupo Motorsport Park gearing up for first event of New Year
By A1GP, TAUPO, NZ

Current championship leader, A1 Team Ireland, is enjoying being top of the tables heading into the Christmas period. Its star driver, Portadown’s Adam Carroll, was honoured by Ireland's motorsport media with their Manley Award for International Driver of the Year last Tuesday (9 December). Carroll's race performances in A1GP saw his name added to the prestigious trophy, which has been won in the past by Formula One drivers Eddie Irvine and Martin Donnelly in the past.

"It was a nice surprise," said Carroll of his award win. "I wasn't expecting it and it's an honour to see my name included on the trophy alongside so many great names from Ireland's motorsport past. It's been a great start to the season for us and, while the job is far from finished, it's nice to be receiving recognition for our achievements."
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Taupo Motorsport Park is gearing up for the first event of the New Year with Managing Director David Steele saying that everything has been done to make the 2009 A1GP Taupo, New Zealand event the best yet.

The circuit has done a lot of work over the past year to help eradicate the dust problems at the first and second races, but Steele believes they have it under control.

“We have taken measures both inside on the circuit and track boundaries and outside the circuit to minimise dust issues experienced during the last event and, on top of that, the circuit has one more year’s growth and maturity, so that has helped as well,” said Steele. “Even with the extreme and unusual weather we saw in 2007 and 2008, we are confident we are as much in control as we can possibly be.”
Reference Here>>

The balance of the 2008/2009 A1GP racing season is as follows:

4) 25 January 2009 - A1GP Taupo, New Zealand
5) 08 February 2009 - A1GP Jakarta, Indonesia
6) 22 February 2009 - A1GP Gauteng, South Africa
7) 15 March 2009 - A1GP Mexico City, Mexico
8) 29 March 2009 - TBA
9) 12 April 2009 - A1GP Algarve, Portugal
10) 03 May 2009 - A1GP Brands Hatch, Great Britain

... notes from The EDJE

ChampCar & IRL Rookie Moves On To 2nd T-Team

Mario Moraes - Indy 500, 2008-05-05 (Indianapolis Motor Speedway): Day two rookie orientation - Image Credit: Andy Sallee (2008)

ChampCar & IRL Rookie Moves On To 2nd T-Team

The one thing that seems to be shaping up for the 2009 IRL season is that the transition teams (T-Teams) from ChampCar are bent on keeping their own in play.

Case in point, Mario Moraes jumps from one former ChampCar team, Dale Coyne Racing, to another … KV Racing Technology

Mario Moraes at Indy 500 raceday, 2008-05-25 (Indianapolis Motor Speedway) - Image Credit: Andy Sallee (2008)

This edited and excerpted from autosport.com -

Moraes joins KV for 2009
By Matt Beer - autosport.com

KV Racing Technology have signed Mario Moraes for the 2009 IndyCar Series.

The 20-year-old Brazilian jumped straight from British Formula 3 to IndyCar with Dale Coyne Racing last year and made steady progress during his rookie season, taking a best result of seventh at Watkins Glen, although several other promising performances ended in accidents.

"We are very excited to have Mario join our team," said team co-owner Jimmy Vasser. "Mario is young and extremely talented. He impressed us with his performances on both ovals and road/street circuits last year.

"We look forward to watching him grow and are confident he will be very competitive during the 2009 season."

Moraes believes he will make great progress with KV.

"I want to thank (team owners) Kevin Kalkhoven and Jimmy Vasser for this opportunity," he said. "I think KV Racing Technology provides me with the best opportunity to develop as a driver and advance my racing career. I am really looking forward to working with the entire KVRT organization in 2009."

There had been question marks over KV's IndyCar future during the winter due to the loss of the Surfers Paradise race, which had been key to their main backer Craig Gore's involvement with the series.
Reference Here>>

It is not known at the time of this post where last years drivers for KV Racing Technology, Will Power and Oriol Servia, will be driving or if any will be resigned by KVRT or another IRL team for 2009.

UPDATE: Will Power set to sign an agreement to ride for Penske in Helio Castroneves's seat as Helio concentrates on his upcoming legal trials on his potential of evading the payment of taxes. News conference to announce this T-Team crossover event is set to be held in Indianapolis at 2:30 PM, local Indianapolis time.

... notes from The EDJE

The Heathrow Accord – F1 Teams Agree On New Rules

The "MiniMe" - Toyota's half-sized scale model (in Kevlar black) used for wind tunnel testing pictured with its full sized Formula One racing counterpart. Image Credit: Panasonic Toyota Racing

The Heathrow Accord – F1 Teams Agree On New Rules

Formula One racing team management meet outside of London, England over the last few days in order to draft and agree on new rules aimed at addressing the world economic downturn due to the problems brought on by the sub-prime lending debacle here in the United States.

Tight money will affect motorsports racing activity starting in 2009 and may last for an estimated 24 to 48 months or more with reduced investment by consumer product companies in advertising.

The Formula One Teams Association (FOTA), in an effort to reduce operating costs for all Formula One teams met in Heathrow and all the Members unanimously agreed a number of important principles and supported the process now established within FOTA.

This edited from a Press Release issued by the Formula One Teams Association -

FOTA Press Release
Thursday 8 January 2009

The teams detailed and signed a comprehensive Aerodynamic Test Restrictions Agreement, effective in 2009.

Furthermore, the Teams agreed that they would develop and freeze low cost transmissions for the 2010/12 seasons which would have a six race life, priced at € 1.5 million per season per team.

FOTA also reaffirmed its commitment to a € 5 million engine supply from 2010 for independent teams, who have expressed their agreement with and support for this arrangement.

The FOTA Technical Regulations Working Group will now conclude the elimination of expensive materials and identify further opportunities to reduce the cost of components and systems which do not deliver performance differentiation. All of the Teams present wished to express their support for the entrant currently known as Honda and they will agree to any name change registered.

All of the Teams are committed to working together in a rational and systematic manner, within the framework of FOTA to effectively reduce the costs inherent to Formula One. The same approach will now be used to improve the spectacle of the sport, following the outcome of the FOTA commissioned market research.

… notes from The EDJE

A Gift For The New Year From Porsche

Carrera GT - P03. Image Credit Dr. Ing. h.c. F. Porsche AG

A Gift For The New Year From Porsche

If you are traveling through Germany this next year, you may want to take a side trip on over to Stuttgart.

Ok, so you were planning to go there anyway because as any automobile-file knows, that is the “mecca” of Porsche sport cars … where they are made, but there is even a bigger reason to make the trek!

Porsche will be placing on display their over sixty years of automobile innovation history in a purpose built museum, the Porscheplatz, due for its debut at the end of this first month of 2009.

New Porsche Museum to be opened on 31 January 2009. Image Credit Dr. Ing. h.c. F. Porsche AG

This excerpted and edited from press releases displayed at Dr. Ing. h.c. F. Porsche AG website -

New Porsche Museum to be opened on 31 January 2009

Stuttgart. In the new Porsche Museum the final preparations are made for the opening on Saturday 31 January 2009.

At last, now that the scaffolding has been removed, it is possible to see to the full extent the bold architecture of the building at the head office premises of Dr. Ing. h.c. F. Porsche AG in Zuffenhausen:

The 5,600 square metres of exhibition space are supported on just three so-called cores of reinforced concrete – hence just seeming to hover in space. Inside the building the majority of approximately 80 exhibits are already in place.

Model range showing the 911 Turbo Cabriolet, the Cayman S, the Boxster and the Cayenne GTS (2008). Image Credit Dr. Ing. h.c. F. Porsche AG

In the other areas of the new building – amongst them the museum workshops, the museum shop, the Porsche archive, an exclusive restaurant, a bistro and the capacious event areas – a team of experts are busy putting the finishing touches.

Three days after the ceremonial opening, which takes place on Wednesday the 28 January 2009, the doors of the new Porsche Museum will be flung open to welcome the first visitors. On a daily basis, apart from Mondays, the exhibition can be viewed for an admission price of eight Euros (reduced price: four Euros). Children up to the age of 14 get free admission when accompanied by an adult.

Building the engine into a Porsche 356 B (1960). Image Credit Dr. Ing. h.c. F. Porsche AG

The restaurant on the second floor – which has both a view through the glass facade onto the Porscheplatz as well as through the glass partition into the exhibition itself – has its own separate entrance and is also open at hours different from those of the museum itself.

Porsche tractor Standard from c.1961. Image Credit Dr. Ing. h.c. F. Porsche AG

With the new museum and its range of catering facilities additional capacity for conferences, company and private events in exceptional surroundings will come into being. We have already received hosts of inquiries.

Interested parties can get more detailed information from the internet on www.porsche.com/museum.

The following contacts are available for inquiries:

Group bookings and special guided tours:
Tel.: 0049 711 911 20911
Fax: 0049 711 911 20356
E-Mail: info.museum@porsche.de

Event inquiries:
Tel.: 0049 711 911 21911
Fax: 0049 711 911 21356
E-Mail: events.museum@porsche.de
Reference Here>>

Photos showing 60 year history of Porsche - HERE