1
00:00:00,040 --> 00:00:02,880
Speaker 1: Hello and welcome to pit Talk, a Fox Sports and

2
00:00:03,040 --> 00:00:07,400
Speaker 1: Speed Cafe Formula one podcast. On today's episode, Formula one

3
00:00:07,480 --> 00:00:10,280
Speaker 1: is back for the United States Grand Prix, the first

4
00:00:10,320 --> 00:00:13,520
Speaker 1: of six rounds in eight weekends to conclude the season,

5
00:00:14,000 --> 00:00:17,800
Speaker 1: and Toyota makes its F one come back sort of.

6
00:00:18,200 --> 00:00:21,680
Speaker 1: My name's Michael Lomonato, motorsport rider for Fox Sports Australia.

7
00:00:21,720 --> 00:00:24,159
Speaker 1: It's great to have your company and the company of

8
00:00:24,320 --> 00:00:27,560
Speaker 1: my co host from Speed Cafe. Oh what a feeling.

9
00:00:27,680 --> 00:00:28,800
Speaker 1: It's Matt Cosh.

10
00:00:28,920 --> 00:00:34,360
Speaker 2: It's good to be back. Marvelous For those who didn't

11
00:00:34,360 --> 00:00:36,080
Speaker 2: get that one. Toyota was a big sponsor at the

12
00:00:36,080 --> 00:00:41,680
Speaker 2: Cricket back in the day. Yeah, what where a couple

13
00:00:41,720 --> 00:00:43,720
Speaker 2: of weeks it's been. It's been a hot minute since

14
00:00:43,760 --> 00:00:47,600
Speaker 2: we've been, since we've had a chat, and there's been

15
00:00:47,640 --> 00:00:50,199
Speaker 2: both a lot and not a lot happening all at

16
00:00:50,200 --> 00:00:53,440
Speaker 2: the same time, depending which end of Pitlane you really

17
00:00:53,520 --> 00:00:55,680
Speaker 2: choose to look at, I guess it's been a stranger,

18
00:00:55,800 --> 00:00:57,360
Speaker 2: or choose not to look at Pitlin at all.

19
00:00:57,440 --> 00:00:59,960
Speaker 1: Yes, for that matter, you'd be perfectly entitled to enjoy

20
00:01:00,280 --> 00:01:02,800
Speaker 1: the breakaway. You can consume other sports if you like,

21
00:01:02,880 --> 00:01:05,160
Speaker 1: but now you welcome back into the Formuda one fold.

22
00:01:05,400 --> 00:01:08,119
Speaker 1: It has been weird because it has been the exact

23
00:01:08,160 --> 00:01:10,200
Speaker 1: same length as the mid season break, but only a

24
00:01:10,200 --> 00:01:12,280
Speaker 1: month or two after it. No one knows why it's well,

25
00:01:12,280 --> 00:01:14,360
Speaker 1: we know why it's happened. The scheduling hasn't gone exactly

26
00:01:14,400 --> 00:01:17,319
Speaker 1: the plan. But here we are, having enjoyed a little

27
00:01:17,319 --> 00:01:20,040
Speaker 1: break before we have these six in eight races, some

28
00:01:20,120 --> 00:01:23,119
Speaker 1: of which, though, are in decent Australian time zones which

29
00:01:23,280 --> 00:01:26,560
Speaker 1: you might be excited to hear. Others though very bad,

30
00:01:26,680 --> 00:01:28,160
Speaker 1: but we'll get to them when we get to them

31
00:01:28,200 --> 00:01:31,520
Speaker 1: later on in the season. But Matt, some things have

32
00:01:31,560 --> 00:01:33,640
Speaker 1: happened in the last couple of weeks news wise. Because

33
00:01:33,680 --> 00:01:36,000
Speaker 1: there was no shutdown, things were allowed to progress on

34
00:01:36,080 --> 00:01:38,600
Speaker 1: various fronts. So let's get into the top five stories

35
00:01:38,720 --> 00:01:40,640
Speaker 1: you might have missed over the last couple of weeks

36
00:01:40,680 --> 00:01:43,600
Speaker 1: since Formula one has been adjourned, and we're starting in

37
00:01:43,600 --> 00:01:47,480
Speaker 1: France with Reno, where Reno ceo Luca Demeao has defended

38
00:01:47,520 --> 00:01:51,640
Speaker 1: his decision to shut down his company's engine operation after

39
00:01:51,720 --> 00:01:56,240
Speaker 1: almost fifty years in Formula one due to exorbitant costs,

40
00:01:56,480 --> 00:01:59,080
Speaker 1: without being set to become a customer team from twenty

41
00:01:59,120 --> 00:01:59,640
Speaker 1: twenty six.

42
00:02:00,960 --> 00:02:03,840
Speaker 2: Yeah, there's a bit of lip service in that because

43
00:02:03,840 --> 00:02:07,040
Speaker 2: obviously after it was in nineteen ninety seven Reno pulled

44
00:02:07,080 --> 00:02:09,160
Speaker 2: out that went to Mecha Chrome, so there was all

45
00:02:09,200 --> 00:02:12,519
Speaker 2: sorts of funny games there, although they was still Renos.

46
00:02:12,560 --> 00:02:15,960
Speaker 2: And but yeah, it's it's kind of a big deal

47
00:02:15,960 --> 00:02:19,520
Speaker 2: and that we're going to have a factory team that's

48
00:02:19,880 --> 00:02:22,040
Speaker 2: not a factory team because it's going to be a

49
00:02:22,040 --> 00:02:26,120
Speaker 2: customer team of a factory. I've got no idea what's

50
00:02:26,160 --> 00:02:31,280
Speaker 2: going on with this one, basically, but Demayo insists that

51
00:02:31,360 --> 00:02:34,760
Speaker 2: it's not our pen or Reno group shaping up to

52
00:02:34,880 --> 00:02:38,840
Speaker 2: sell the organization. I'm still not convinced by that, because,

53
00:02:40,080 --> 00:02:43,519
Speaker 2: you know what, there's value in having an engine program.

54
00:02:43,600 --> 00:02:47,600
Speaker 2: If you're a factory operation, if you don't have an

55
00:02:47,639 --> 00:02:50,040
Speaker 2: engine program, why not just cut your losses and be

56
00:02:50,080 --> 00:02:52,560
Speaker 2: a sponsor and rather than spending hundreds of millions, you

57
00:02:52,560 --> 00:02:55,000
Speaker 2: can spend tens of millions for the same exposure with

58
00:02:55,120 --> 00:02:55,680
Speaker 2: less risk.

59
00:02:56,080 --> 00:02:58,720
Speaker 1: We'll talk about earlier in a second, but my favorite

60
00:02:58,720 --> 00:03:00,519
Speaker 1: part of interview, this was all from interview with the

61
00:03:00,720 --> 00:03:03,919
Speaker 1: Keep the French newspaper, was that he just constantly threw

62
00:03:04,000 --> 00:03:06,160
Speaker 1: the engine program under the bus, you know, won't put

63
00:03:06,240 --> 00:03:08,880
Speaker 1: enough no matter how much money they spent, why would

64
00:03:08,880 --> 00:03:11,240
Speaker 1: they be any better later? So really, you know he

65
00:03:11,280 --> 00:03:12,919
Speaker 1: went to town. I guess they're closed down now, so

66
00:03:12,960 --> 00:03:14,079
Speaker 1: there's nothing they can do about it.

67
00:03:14,480 --> 00:03:17,560
Speaker 2: Well, well, they look like jokers, he said. There's some

68
00:03:17,600 --> 00:03:20,200
Speaker 2: really good lines in that. We were spot as journalists.

69
00:03:20,560 --> 00:03:22,920
Speaker 2: What we do We see these quotes as journalists, we

70
00:03:22,919 --> 00:03:25,360
Speaker 2: go through and we look for the big line, the

71
00:03:25,400 --> 00:03:27,760
Speaker 2: most controversial thing, he said, And that's our sort of hook,

72
00:03:28,480 --> 00:03:30,680
Speaker 2: and we just spoilt for choice. Yes, you just throw

73
00:03:30,720 --> 00:03:32,200
Speaker 2: it a dart and your land on another one.

74
00:03:32,480 --> 00:03:34,560
Speaker 1: Olphane's been really good for those quotes in the last

75
00:03:34,560 --> 00:03:37,640
Speaker 1: couple of years, So may it continue. Let's move kind

76
00:03:37,680 --> 00:03:40,760
Speaker 1: of towards the United States now. Michael Andretti, head of

77
00:03:40,760 --> 00:03:44,280
Speaker 1: Andretti Global, will step back from day to day running

78
00:03:44,320 --> 00:03:46,960
Speaker 1: of the company bearing his and his father's famous surname,

79
00:03:47,200 --> 00:03:49,160
Speaker 1: but he says it's not connected to his so far

80
00:03:49,400 --> 00:03:52,760
Speaker 1: unsuccessful attempt to crack Formula one. In fact, his Formula

81
00:03:52,800 --> 00:03:55,920
Speaker 1: one program is still building steam ahead of what it

82
00:03:56,040 --> 00:03:58,320
Speaker 1: hopes will be a twenty twenty sixth entry.

83
00:03:58,960 --> 00:04:00,960
Speaker 2: Yeah, in fact, it will have a twenty twenty six

84
00:04:01,040 --> 00:04:05,040
Speaker 2: spec chassis before Christmas. That's one that I managed to

85
00:04:05,040 --> 00:04:08,600
Speaker 2: break a week or so back. So production there is

86
00:04:08,600 --> 00:04:10,520
Speaker 2: going really strong, and I've got a staff of around

87
00:04:10,520 --> 00:04:13,680
Speaker 2: two hundred and fifty plus connections through the industry. They

88
00:04:13,680 --> 00:04:16,120
Speaker 2: can't actually recruit more people at this point because the

89
00:04:16,120 --> 00:04:19,720
Speaker 2: facility that I've got in Silverston is still being fitted out,

90
00:04:20,600 --> 00:04:22,920
Speaker 2: so they don't physically have more space to recruit more people.

91
00:04:22,920 --> 00:04:25,800
Speaker 2: They've got more people basically, I've got contracts that can't

92
00:04:25,880 --> 00:04:29,039
Speaker 2: yet start, so that number will swell to over three

93
00:04:29,120 --> 00:04:32,840
Speaker 2: hundred once that work completes sort of early early in

94
00:04:32,880 --> 00:04:37,400
Speaker 2: the new year or late this year. But the Michael

95
00:04:37,400 --> 00:04:40,000
Speaker 2: Andretti stepping back thing, that's really interesting. If you go

96
00:04:40,040 --> 00:04:42,760
Speaker 2: back and look at the publication that broke the news

97
00:04:42,800 --> 00:04:47,000
Speaker 2: Sportaco it's owned by a bloke named Jay Penske. Now

98
00:04:47,000 --> 00:04:51,240
Speaker 2: I don't know how much you're across IndyCar, Michael, but

99
00:04:51,680 --> 00:04:55,560
Speaker 2: Michael Andretti has been having a bit of a stoush

100
00:04:55,800 --> 00:04:58,800
Speaker 2: with IndyCar about the marketing and so on, and there

101
00:04:58,800 --> 00:05:01,920
Speaker 2: was a bit of like a fuffle about about the charters.

102
00:05:02,960 --> 00:05:04,719
Speaker 2: Just remind me, I've had a bit of a moment

103
00:05:04,760 --> 00:05:06,640
Speaker 2: who owns IndyCar these days.

104
00:05:06,880 --> 00:05:09,880
Speaker 1: I think it would be j Dot Penske, wouldn't.

105
00:05:09,520 --> 00:05:15,080
Speaker 2: It would be Roger Roger yeah, Roger yeah yeah. See,

106
00:05:15,120 --> 00:05:20,960
Speaker 2: And that's exactly my point. Curious how Andretie submits its

107
00:05:21,080 --> 00:05:24,560
Speaker 2: charter which is sam signed by Dan Twis, and that

108
00:05:24,640 --> 00:05:27,359
Speaker 2: then finds its way into a media organization owned by

109
00:05:27,480 --> 00:05:31,120
Speaker 2: Roger Pensky's son. Coincidentally that the charter was signed by

110
00:05:31,160 --> 00:05:33,320
Speaker 2: Dan Tarris. We don't need to read too much into

111
00:05:33,360 --> 00:05:35,559
Speaker 2: that because all the Formula one paperwork is also signed

112
00:05:35,560 --> 00:05:37,760
Speaker 2: by Dan Turris. He is a business partner in and

113
00:05:37,800 --> 00:05:42,039
Speaker 2: Tredi Global. He's basiced on the man behind game original

114
00:05:42,120 --> 00:05:44,040
Speaker 2: sort of stuff. He's the money man in that organization.

115
00:05:44,080 --> 00:05:46,680
Speaker 2: Michael Andredi stepping back, it's just logical. He's now got

116
00:05:46,680 --> 00:05:51,360
Speaker 2: an IndyCar team, Formulae Extreme E Formula one program across

117
00:05:51,400 --> 00:05:53,640
Speaker 2: the other side of the world as well, so he's

118
00:05:53,680 --> 00:05:56,200
Speaker 2: got too many hats to wear to be focusing on

119
00:05:56,200 --> 00:05:59,440
Speaker 2: on one thing, be that the IndyCar organization. So it's

120
00:05:59,480 --> 00:06:02,280
Speaker 2: just and logical that he steps back from day to

121
00:06:02,360 --> 00:06:05,720
Speaker 2: day that business should be able to run without Michael

122
00:06:06,000 --> 00:06:07,000
Speaker 2: pushing all the buttons.

123
00:06:07,240 --> 00:06:09,280
Speaker 1: It is quite a big gamble the way they've set up,

124
00:06:09,279 --> 00:06:11,640
Speaker 1: and it Diefle with a one team with no entry.

125
00:06:11,720 --> 00:06:13,479
Speaker 1: So we'll see how that one pans out over the

126
00:06:13,520 --> 00:06:14,119
Speaker 1: coming years.

127
00:06:14,360 --> 00:06:15,840
Speaker 2: We will see how that one punds out.

128
00:06:16,960 --> 00:06:18,760
Speaker 1: Looks look at the drive market now, because we've only

129
00:06:18,800 --> 00:06:20,640
Speaker 1: got a couple of races left for it to be settled.

130
00:06:20,920 --> 00:06:23,840
Speaker 1: Helmut Marco, who's been told several times not to speak

131
00:06:23,880 --> 00:06:25,560
Speaker 1: on behalf of Red Bull, spoken on behalf of Red

132
00:06:25,560 --> 00:06:28,480
Speaker 1: Bull to F one Insider that Yuki Sonoda is an

133
00:06:28,480 --> 00:06:32,480
Speaker 1: option to replace Sergio Perez next season at Red Bull

134
00:06:32,600 --> 00:06:35,480
Speaker 1: Racing in his opinion at least, as well as Liam

135
00:06:35,560 --> 00:06:38,880
Speaker 1: Lawson in what I think is quite possibly the first

136
00:06:39,000 --> 00:06:43,240
Speaker 1: or most explicit admission so far that Perez might not

137
00:06:43,320 --> 00:06:45,680
Speaker 1: be racing for Red Bull Racing next year despite having

138
00:06:45,720 --> 00:06:46,480
Speaker 1: signed a contract.

139
00:06:46,640 --> 00:06:48,240
Speaker 2: Well, we know he's in breach of that, don't we,

140
00:06:48,400 --> 00:06:52,200
Speaker 2: Going back to the first summer break, not this summer break,

141
00:06:52,200 --> 00:06:55,560
Speaker 2: the one before it, he had to be within X

142
00:06:55,720 --> 00:06:57,919
Speaker 2: number of points of Maxi stapp and he wasn't, and

143
00:06:57,960 --> 00:07:00,800
Speaker 2: therefore he's in breach of his contry for next year.

144
00:07:01,640 --> 00:07:03,960
Speaker 2: We believe that was a clause that was introduced as

145
00:07:04,040 --> 00:07:09,920
Speaker 2: part of the negotiation for the twenty five deal. Interesting

146
00:07:10,040 --> 00:07:13,960
Speaker 2: that Sunuda has been linked to Rebula. I wonder if

147
00:07:13,960 --> 00:07:19,520
Speaker 2: that's just helmet mark or playing pressure, because a little

148
00:07:19,560 --> 00:07:21,320
Speaker 2: birdie has told me that Sunda didn't want to be

149
00:07:21,360 --> 00:07:24,120
Speaker 2: at RB this year. He wanted to move elsewhere, but

150
00:07:24,760 --> 00:07:27,920
Speaker 2: Red Bull and Honda basically had options on him, and

151
00:07:27,960 --> 00:07:30,840
Speaker 2: so that's where he's stuck. Of course, Honda isn't with

152
00:07:31,080 --> 00:07:34,040
Speaker 2: Red Bull or RB therefore at the end of next year,

153
00:07:34,120 --> 00:07:37,760
Speaker 2: so it could be interesting to see where Yuki Snerda

154
00:07:37,920 --> 00:07:40,280
Speaker 2: ends up and if he looks good in Green.

155
00:07:40,800 --> 00:07:44,000
Speaker 1: Well we will see. Let's move closer to home now

156
00:07:44,160 --> 00:07:46,520
Speaker 1: where the Australian Grand Prix if you're interested in going

157
00:07:46,560 --> 00:07:50,960
Speaker 1: next year, too bad despite surge pricing and that's a

158
00:07:51,000 --> 00:07:54,880
Speaker 1: ticket paster roundage every Saturday and Sunday general admission of

159
00:07:54,920 --> 00:07:57,920
Speaker 1: grandstand ticket has been snapped up within an hour. In fact,

160
00:07:58,120 --> 00:08:00,760
Speaker 1: there are still some Thursday and Friday teach it's available

161
00:08:00,760 --> 00:08:03,880
Speaker 1: if you're interested, as well as hospitality passes for the

162
00:08:03,920 --> 00:08:06,640
Speaker 1: weekend for those particularly well healed among us.

163
00:08:07,480 --> 00:08:11,520
Speaker 2: Yeah, and this just speaks to the demand that they

164
00:08:11,640 --> 00:08:13,960
Speaker 2: see down in Melbourne, and it's not unique to Melbourne.

165
00:08:14,000 --> 00:08:15,880
Speaker 2: There are a lot of events that sell out these days.

166
00:08:17,720 --> 00:08:21,480
Speaker 2: It was somewhat unfortunate that ticket Master had a massive

167
00:08:21,800 --> 00:08:25,240
Speaker 2: outage the day or like twenty minutes before those tickets

168
00:08:25,240 --> 00:08:26,960
Speaker 2: were about to go and sale, and that had to

169
00:08:26,960 --> 00:08:33,800
Speaker 2: be postponed by by a day. But yeah, Australian Grand Prix,

170
00:08:34,160 --> 00:08:35,880
Speaker 2: it looks like it will be a seller and it

171
00:08:35,880 --> 00:08:39,360
Speaker 2: looks like it will break attendance records as well, because

172
00:08:39,360 --> 00:08:42,080
Speaker 2: I've been told Travis All down to the CEO, I

173
00:08:42,120 --> 00:08:45,000
Speaker 2: spoke to him a few weeks ago, and they are

174
00:08:45,080 --> 00:08:49,080
Speaker 2: just marginally increasing capacity. They want to just gradually ramp

175
00:08:49,160 --> 00:08:53,360
Speaker 2: that up next year and then in twenty six there's

176
00:08:53,360 --> 00:08:55,400
Speaker 2: a new train station that comes on. Basically it's the

177
00:08:55,559 --> 00:08:59,080
Speaker 2: ingress and egress or the entry and exit from the

178
00:08:59,120 --> 00:09:06,840
Speaker 2: circuit and controlling the crowd. I get caught up. I

179
00:09:06,960 --> 00:09:12,959
Speaker 2: love me a bit of jargon. So basically getting fans

180
00:09:12,960 --> 00:09:16,000
Speaker 2: into and out of the circuit in orderly and reasonable

181
00:09:16,040 --> 00:09:21,319
Speaker 2: time and manner. That's a that's not easy at the moment.

182
00:09:21,360 --> 00:09:23,880
Speaker 2: I've got trams and things, but it's not the simplest thing.

183
00:09:24,440 --> 00:09:28,160
Speaker 2: There's only so many entry points in the circuit. But

184
00:09:28,240 --> 00:09:31,160
Speaker 2: there's a new train station that will come online for

185
00:09:31,240 --> 00:09:38,120
Speaker 2: twenty six, which will then allow that movement of spectators

186
00:09:38,800 --> 00:09:40,160
Speaker 2: to happen a little bit more freely and as a

187
00:09:40,200 --> 00:09:42,840
Speaker 2: result they can then lift capacity. So they're building towards that,

188
00:09:44,080 --> 00:09:46,079
Speaker 2: but they're not there just yet. I think we could

189
00:09:46,080 --> 00:09:48,920
Speaker 2: also expect to see more things more like more overpasses

190
00:09:48,960 --> 00:09:52,560
Speaker 2: and what not, just to try to ease movement around

191
00:09:52,600 --> 00:09:54,959
Speaker 2: the facility, and supercars being on the outside of the

192
00:09:55,000 --> 00:09:56,920
Speaker 2: circuit will create a bit more space in the middle

193
00:09:57,360 --> 00:10:01,160
Speaker 2: as well, so there's lots over there, just on top

194
00:10:01,200 --> 00:10:06,160
Speaker 2: of the Australian Grand Prix ticket sales themselves, which have

195
00:10:06,760 --> 00:10:09,320
Speaker 2: I mean, hotcakes don't even sell that quickly. Hotcakes are

196
00:10:09,320 --> 00:10:11,240
Speaker 2: going to have to start being sold like Australian Grand

197
00:10:11,240 --> 00:10:11,760
Speaker 2: Prix tickets.

198
00:10:11,800 --> 00:10:14,319
Speaker 1: Hotcakes need a new marketing manager. I think that's or

199
00:10:14,360 --> 00:10:18,720
Speaker 1: a Netflix series about them. I suppose marginally increased capacity.

200
00:10:18,720 --> 00:10:21,000
Speaker 1: By the way, is fundamentally when you boil it down

201
00:10:21,040 --> 00:10:23,840
Speaker 1: to code for they found more portable toilets, because that

202
00:10:23,960 --> 00:10:27,200
Speaker 1: is really one of the major limiting factors. So correct

203
00:10:27,200 --> 00:10:29,280
Speaker 1: if you're in the portable toilet business, you're probably doing

204
00:10:29,360 --> 00:10:32,960
Speaker 1: quite well. And finally, a member of European Parliament going

205
00:10:33,040 --> 00:10:35,199
Speaker 1: all the way back to Europe now has asked the

206
00:10:35,200 --> 00:10:38,560
Speaker 1: EU Commission, which is the competition commission essentially in Europe,

207
00:10:38,679 --> 00:10:43,200
Speaker 1: to investigate a possible competition concern stebbing from Liberty Media,

208
00:10:43,240 --> 00:10:46,200
Speaker 1: the owner of Formula one' commercial rights, their plan to

209
00:10:46,320 --> 00:10:49,600
Speaker 1: buy Dawners Sports, which is the promoter of Moto GP.

210
00:10:50,520 --> 00:10:54,920
Speaker 2: And it's interesting. So the member of the European Parliament

211
00:10:54,920 --> 00:10:59,640
Speaker 2: who's raised this is Pascal Aramont. He is Belgian. He

212
00:11:00,120 --> 00:11:06,160
Speaker 2: represents basically the SPA region. It's called the Belgian Speaking

213
00:11:07,040 --> 00:11:10,600
Speaker 2: Electoral College to give it as proper term, but basically

214
00:11:10,600 --> 00:11:14,880
Speaker 2: that's the area that encompasses the SPA frankishamp circuit. He's

215
00:11:14,920 --> 00:11:17,600
Speaker 2: born in Melbourny, so he's he's got a vested interest

216
00:11:17,600 --> 00:11:20,199
Speaker 2: in that. This builds off some concerns that Alejandro A

217
00:11:20,280 --> 00:11:26,520
Speaker 2: Gag raised Formula E co founder a few weeks ago. Basically,

218
00:11:26,520 --> 00:11:30,160
Speaker 2: the concern is not like in the United States, where

219
00:11:30,200 --> 00:11:33,320
Speaker 2: it's to do with competition surrounding an entrant. This is

220
00:11:33,320 --> 00:11:38,040
Speaker 2: to do with competition in terms of Liberty Media owning

221
00:11:38,920 --> 00:11:44,120
Speaker 2: multiple high profile motorsport assets, be that Formula one. It

222
00:11:44,120 --> 00:11:46,600
Speaker 2: also owns a commercial rights to Formula two and Formula three.

223
00:11:47,240 --> 00:11:51,400
Speaker 2: It has an interest through its Liberty It's not Liberty Global.

224
00:11:51,679 --> 00:11:55,520
Speaker 2: Is Liberty Global Global that owns Formulae or a stake

225
00:11:55,520 --> 00:11:58,680
Speaker 2: in Formula E. And obviously Liberty Media is looking to

226
00:11:58,720 --> 00:12:02,640
Speaker 2: acquire Dawn a four point nine million Australian dollars is

227
00:12:02,679 --> 00:12:05,000
Speaker 2: that is that the right figure? Is that US dollars?

228
00:12:06,200 --> 00:12:10,360
Speaker 2: But basically it puts Liberty Media in a position where

229
00:12:10,400 --> 00:12:14,280
Speaker 2: it controls basically all the key motorsport assets globally, and

230
00:12:14,320 --> 00:12:17,720
Speaker 2: that creates the potential. Even though Liberty says it would

231
00:12:17,800 --> 00:12:22,760
Speaker 2: never do this to do things like structure a calendar,

232
00:12:24,040 --> 00:12:29,000
Speaker 2: negotiate with sponsors, corporate hospitality, all those sorts of things,

233
00:12:29,559 --> 00:12:32,000
Speaker 2: it's got that market corner so it can do with

234
00:12:32,040 --> 00:12:35,240
Speaker 2: it what it wants and it can say that it won't.

235
00:12:36,000 --> 00:12:41,520
Speaker 2: But previously, CBC Capital has held MotoGP and Formula one

236
00:12:41,559 --> 00:12:46,080
Speaker 2: and it was told by the EU Commission to divest

237
00:12:46,120 --> 00:12:49,280
Speaker 2: itself of MotoGP. That was back in two thousand and six,

238
00:12:50,640 --> 00:12:54,760
Speaker 2: so there is precedent for this. Liberty Media argues that

239
00:12:54,800 --> 00:12:57,880
Speaker 2: the game has changed, but it's difficult to understand how

240
00:12:57,920 --> 00:13:00,440
Speaker 2: that really works given that, yes, the game is, but

241
00:13:00,440 --> 00:13:02,360
Speaker 2: it's also got more assets to its name.

242
00:13:02,520 --> 00:13:04,760
Speaker 1: It's not a great time or if it's a great time,

243
00:13:04,800 --> 00:13:07,040
Speaker 1: depending on how they're paid to be a liberty lawyer.

244
00:13:07,080 --> 00:13:09,520
Speaker 1: I suppose, because facing not only like you said.

245
00:13:09,320 --> 00:13:11,400
Speaker 2: I just lost one. Yes, Social wood Hell, who've been

246
00:13:11,400 --> 00:13:16,240
Speaker 2: there since Bernie's days back in the nineties. She's just resigned.

247
00:13:16,400 --> 00:13:19,640
Speaker 1: Yes, workload quite high presumably, but also facing not only

248
00:13:19,679 --> 00:13:22,400
Speaker 1: as you mentioned in the US in the F one guys,

249
00:13:22,440 --> 00:13:27,480
Speaker 1: but also various antitrust investigations through Live Nation, the business

250
00:13:27,480 --> 00:13:29,920
Speaker 1: that owns Ticketmaster in the US and UK, and maybe

251
00:13:30,040 --> 00:13:33,240
Speaker 1: a class action as well in Australia. That's been a

252
00:13:33,280 --> 00:13:36,200
Speaker 1: story that's been big this week. So a lot of action.

253
00:13:36,320 --> 00:13:37,920
Speaker 1: I hope they're all being paid by the hour in

254
00:13:38,000 --> 00:13:41,200
Speaker 1: the legal department of Liberty Media. Let's be won our

255
00:13:41,280 --> 00:13:44,000
Speaker 1: mats to matters. Back in very much the Formula one

256
00:13:44,280 --> 00:13:46,120
Speaker 1: world and in the last week, in the build up

257
00:13:46,160 --> 00:13:49,320
Speaker 1: to the United States Grand Prix, Formula one's only American team,

258
00:13:49,400 --> 00:13:53,680
Speaker 1: American Asterisk Headquarters in America, broke the news by announcing

259
00:13:53,880 --> 00:13:56,000
Speaker 1: that it was entering a technical partnership or it is

260
00:13:56,120 --> 00:13:59,640
Speaker 1: entering a technical partnership with Toyota Gazoo Racing. It'll be

261
00:13:59,640 --> 00:14:03,800
Speaker 1: to first major F one affiliation. I guess we can

262
00:14:03,800 --> 00:14:06,120
Speaker 1: call it since withdrawing from the sport at the end

263
00:14:06,120 --> 00:14:07,480
Speaker 1: of two thousand and nine. Did have a thing with

264
00:14:07,520 --> 00:14:10,800
Speaker 1: McLaren last year, didn't it. But well, far from major

265
00:14:10,880 --> 00:14:13,439
Speaker 1: is that people talk about it then I don't think

266
00:14:13,440 --> 00:14:17,320
Speaker 1: it qualifies. This doesn't affect Hass's power unit supply deal

267
00:14:17,360 --> 00:14:19,320
Speaker 1: with Ferrari to run at least until the end of

268
00:14:19,360 --> 00:14:21,680
Speaker 1: twenty twenty eight, as per a contract they signed earlier

269
00:14:21,760 --> 00:14:24,320
Speaker 1: this year, nor is it going to affect the team's

270
00:14:24,400 --> 00:14:26,600
Speaker 1: model of buying as many pass as it can from Ferrari,

271
00:14:26,600 --> 00:14:28,400
Speaker 1: at least in the short term. In Dela, it says

272
00:14:28,480 --> 00:14:30,880
Speaker 1: is still designing. It's chassy, but there is a lot

273
00:14:30,960 --> 00:14:34,800
Speaker 1: still in this deal, Matt simulators, drivers, technical knowledge, what's

274
00:14:34,840 --> 00:14:37,800
Speaker 1: in it for both sides for what is really still

275
00:14:37,880 --> 00:14:40,720
Speaker 1: quite a big deal despite the official line being Toyota

276
00:14:40,840 --> 00:14:42,840
Speaker 1: is not back in Formula one and stop asking.

277
00:14:44,000 --> 00:14:47,160
Speaker 2: It's a very good point. It should also be noted

278
00:14:47,160 --> 00:14:50,440
Speaker 2: that Toyota has a relationship with Andretti. Andretti is using

279
00:14:50,480 --> 00:14:52,160
Speaker 2: one of its wind titels as exclusive use of that

280
00:14:52,200 --> 00:14:55,920
Speaker 2: wind tunel I understand as running sixteen hour shifts throughout

281
00:14:55,920 --> 00:15:02,320
Speaker 2: the week, just another string to the Andretti story. But yeah,

282
00:15:02,320 --> 00:15:06,680
Speaker 2: the Twyota deal is a fascinating one because hass has got,

283
00:15:07,240 --> 00:15:10,760
Speaker 2: by some considerable margin, the most complicated structure of any

284
00:15:10,800 --> 00:15:13,400
Speaker 2: of the existing teams. So the race team is based

285
00:15:13,400 --> 00:15:17,640
Speaker 2: in Bambury. It's got a design office in Marinello, in

286
00:15:17,720 --> 00:15:23,360
Speaker 2: the Ferrari campus. It's got views over the Ferano test track.

287
00:15:23,880 --> 00:15:25,960
Speaker 2: I've been into the office. I've seen it first, and

288
00:15:26,800 --> 00:15:28,920
Speaker 2: and then up the road an hour or so in

289
00:15:28,960 --> 00:15:31,320
Speaker 2: Palmer has got Dallara where the manufacturing and stuftime. So

290
00:15:31,360 --> 00:15:33,080
Speaker 2: it's got wind tunnel and all that sort of stuff

291
00:15:33,120 --> 00:15:38,320
Speaker 2: in Marinello, manufacturing done in Delara, and then the race

292
00:15:38,360 --> 00:15:41,840
Speaker 2: team actually operates out of Bambury. And then they've got

293
00:15:41,880 --> 00:15:44,800
Speaker 2: Ferrari power unit's coming in and they bring all that

294
00:15:44,840 --> 00:15:47,400
Speaker 2: together and they go racing a couple of times a year.

295
00:15:48,040 --> 00:15:51,360
Speaker 1: Forget the office and the most important part, Matt, the

296
00:15:51,400 --> 00:15:54,440
Speaker 1: most important part is the headquarters in America, isn't it.

297
00:15:54,520 --> 00:16:01,760
Speaker 2: Oh yes, yes, whoops, I'll add that. I'll add that

298
00:16:01,840 --> 00:16:06,640
Speaker 2: to my mud map now, shower. So what it doesn't

299
00:16:06,680 --> 00:16:10,920
Speaker 2: have is things like a simulator, a dedicated test team.

300
00:16:10,960 --> 00:16:13,600
Speaker 2: So it's got all these assets, and my assets I

301
00:16:13,640 --> 00:16:17,000
Speaker 2: mean older spect cars, and there is a value in

302
00:16:17,120 --> 00:16:20,800
Speaker 2: running those, not just in terms of what you might learn,

303
00:16:21,160 --> 00:16:25,240
Speaker 2: because that's comparatively minimal. You're not running on tires or

304
00:16:25,240 --> 00:16:29,080
Speaker 2: anyway comparable. You're running an older spectrum machinery, different weather conditions.

305
00:16:29,920 --> 00:16:33,400
Speaker 2: The value is really in developing, and by developing, i'm

306
00:16:33,400 --> 00:16:37,680
Speaker 2: talking about drivers for one for one point, but also

307
00:16:37,840 --> 00:16:41,840
Speaker 2: technical stuff has has got a workforce of around three

308
00:16:41,880 --> 00:16:46,680
Speaker 2: hundred people. If someone resigns, that's a big hole. Certainly

309
00:16:46,720 --> 00:16:49,960
Speaker 2: if you can compare to a thousand people teams elsewhere,

310
00:16:51,440 --> 00:16:54,560
Speaker 2: you can't just easily backfill that. So if say a

311
00:16:55,000 --> 00:16:56,880
Speaker 2: data engineer leaves, you know you've got to go and

312
00:16:56,880 --> 00:16:58,640
Speaker 2: recruit that. You could have a hole in your team

313
00:16:58,720 --> 00:17:02,040
Speaker 2: for two or three months, maybe more, until you find

314
00:17:02,040 --> 00:17:03,440
Speaker 2: someone that you can drop in. So you want to

315
00:17:03,480 --> 00:17:05,800
Speaker 2: start that production line now if you can lean on

316
00:17:05,840 --> 00:17:09,879
Speaker 2: Toyota to fill that hole a little bit, have a

317
00:17:09,920 --> 00:17:14,280
Speaker 2: relationship there and basically, second, someone from Toyota give them

318
00:17:14,280 --> 00:17:20,360
Speaker 2: some experience by running the TPC program. Perfect Toyota has

319
00:17:20,520 --> 00:17:23,480
Speaker 2: experienced with simulators. It's got the hardware, it's got the NOHOW,

320
00:17:23,520 --> 00:17:26,320
Speaker 2: it's got all that sort of stuff brilliant. Just grab that,

321
00:17:26,440 --> 00:17:30,359
Speaker 2: drop it down into bambury because at the moment has

322
00:17:30,440 --> 00:17:34,080
Speaker 2: is using Ferrari's simulator in Marinello, and even then it

323
00:17:34,119 --> 00:17:36,159
Speaker 2: doesn't have full access to it like other teams do

324
00:17:37,040 --> 00:17:41,320
Speaker 2: with their own simulators. From Toyota's standpoint, let's almost forget

325
00:17:41,359 --> 00:17:44,520
Speaker 2: about Toyota as being a car company and also treated

326
00:17:44,560 --> 00:17:48,040
Speaker 2: as a motorsport consultancy firm, because that's in essence what

327
00:17:48,119 --> 00:17:52,200
Speaker 2: it is. It provides services, and in doing that it's

328
00:17:52,280 --> 00:17:56,200
Speaker 2: incentivized to keep its expertise current. It's very difficult to

329
00:17:56,280 --> 00:17:59,080
Speaker 2: keep your expertise current if you're not working in the industry.

330
00:17:59,119 --> 00:18:02,159
Speaker 2: So what Toyota gets out of this is development of staff,

331
00:18:02,520 --> 00:18:07,399
Speaker 2: development of expertise. There's probably some practical stuff in there,

332
00:18:07,640 --> 00:18:12,159
Speaker 2: maybe even some assets and things that they acquire to

333
00:18:12,280 --> 00:18:14,840
Speaker 2: support this that they wouldn't have otherwise had. And what

334
00:18:14,880 --> 00:18:17,359
Speaker 2: that does is offer out a more rounded service that

335
00:18:17,359 --> 00:18:20,080
Speaker 2: they can then use. Because this won't be exclusive, they'll

336
00:18:20,119 --> 00:18:21,760
Speaker 2: be able to go and sell this sort of program

337
00:18:21,880 --> 00:18:24,960
Speaker 2: elsewhere if they so choose. It also develops our own

338
00:18:25,000 --> 00:18:27,720
Speaker 2: motorsport program, and in time, if they ever choose to

339
00:18:27,760 --> 00:18:30,160
Speaker 2: own to Formula one, they're not starting from scratch. So

340
00:18:30,280 --> 00:18:33,560
Speaker 2: it's a really smart move. I think from both sides

341
00:18:33,560 --> 00:18:35,640
Speaker 2: of the fence. It's a realization of where they are

342
00:18:36,000 --> 00:18:39,080
Speaker 2: and the strength that the other has and leveraging that.

343
00:18:39,119 --> 00:18:42,240
Speaker 2: So I think it's I like this stuff. It makes

344
00:18:42,280 --> 00:18:44,080
Speaker 2: a lot of sense, and it's the sort of thing

345
00:18:44,119 --> 00:18:45,239
Speaker 2: where you look at it now and you go, well,

346
00:18:45,560 --> 00:18:47,040
Speaker 2: why weren't they doing that already?

347
00:18:47,760 --> 00:18:50,280
Speaker 1: It's really interesting, isn't it, Because there's really no other

348
00:18:50,359 --> 00:18:53,399
Speaker 1: team on the grid for which a deal like this

349
00:18:53,440 --> 00:18:55,399
Speaker 1: would make sense, or make as much sense, or be

350
00:18:55,480 --> 00:18:59,200
Speaker 1: as valuable. There was an agreement last year between I

351
00:18:59,240 --> 00:19:02,280
Speaker 1: think it continues to exist I assume between Toyota and

352
00:19:02,359 --> 00:19:05,000
Speaker 1: McLaren that involves some driver development stuff.

353
00:19:05,119 --> 00:19:06,440
Speaker 2: Yes, it does still exist.

354
00:19:06,359 --> 00:19:08,360
Speaker 1: And that sort of is the genesis of I guess

355
00:19:08,400 --> 00:19:10,640
Speaker 1: where this idea is, which is the Toyota essentially once

356
00:19:11,160 --> 00:19:13,239
Speaker 1: I think they described it as such this time last year.

357
00:19:13,240 --> 00:19:16,760
Speaker 1: The Japanese Gonverery essentially is a knowledge sharing expedition, but

358
00:19:16,880 --> 00:19:19,960
Speaker 1: also gives Toyota to young developing drivers in Japan the

359
00:19:20,040 --> 00:19:22,280
Speaker 1: ability to say that we're across all different forms of

360
00:19:22,359 --> 00:19:24,760
Speaker 1: motorsport at a time where Honda can say it is

361
00:19:24,760 --> 00:19:27,119
Speaker 1: in Formula one, and you know that rivalry in Japan

362
00:19:27,240 --> 00:19:30,040
Speaker 1: is very real, and that's an element that Toder was

363
00:19:30,080 --> 00:19:32,359
Speaker 1: missing out on. So there's that prestige element of it there.

364
00:19:32,640 --> 00:19:35,200
Speaker 1: But what I really like about this is that one

365
00:19:35,200 --> 00:19:38,600
Speaker 1: of the let's say, negative effects of the cost cap

366
00:19:38,800 --> 00:19:41,000
Speaker 1: is that it kind of locks in the teams where

367
00:19:41,040 --> 00:19:43,439
Speaker 1: they have been in terms of the historical development. Right, Like,

368
00:19:43,440 --> 00:19:46,080
Speaker 1: the biggest teams continue to be performing at the highest

369
00:19:46,160 --> 00:19:49,160
Speaker 1: level because in the times of unrestricted spending they could

370
00:19:49,280 --> 00:19:52,200
Speaker 1: upgrade their wind tunnels constantly or their factories or whatever

371
00:19:52,280 --> 00:19:56,400
Speaker 1: and build that institutional knowledge and that infrastructure pretty uninhibited.

372
00:19:56,760 --> 00:19:59,280
Speaker 1: It's now much harder for teams to catch up now,

373
00:19:59,560 --> 00:20:01,719
Speaker 1: even how they actually have the money to do so.

374
00:20:02,040 --> 00:20:04,000
Speaker 1: We've seen Aston Martin's been able to do it because

375
00:20:04,000 --> 00:20:06,600
Speaker 1: they've obviously got quite a wealthy owner. But it's been

376
00:20:06,680 --> 00:20:09,000
Speaker 1: a process because they haven't been able to just do

377
00:20:09,080 --> 00:20:10,320
Speaker 1: it all at once in a way they might have

378
00:20:10,320 --> 00:20:12,159
Speaker 1: been able to do it once upon a time. And

379
00:20:12,200 --> 00:20:14,639
Speaker 1: so if you're Hals or if your gene Haas in particular,

380
00:20:15,160 --> 00:20:18,920
Speaker 1: you're looking for reasons to sort of gradually increase your investment,

381
00:20:18,960 --> 00:20:21,480
Speaker 1: that the road to any kind of meaningful improvement is

382
00:20:21,760 --> 00:20:24,080
Speaker 1: really extremely long. Like you say, there are only three

383
00:20:24,119 --> 00:20:26,640
Speaker 1: hundred staff working there, so just getting to anywhere near

384
00:20:26,640 --> 00:20:29,760
Speaker 1: that even most midfield teams in terms of infrastructure of

385
00:20:29,800 --> 00:20:33,040
Speaker 1: staff and buildings is quite a big journey. This almost

386
00:20:33,040 --> 00:20:35,480
Speaker 1: shortcuts a lot of that by being able to rely

387
00:20:35,600 --> 00:20:37,520
Speaker 1: on Toyota to do that. Like you've sort of said,

388
00:20:37,920 --> 00:20:40,399
Speaker 1: simulator is going to arrive at some point, I know,

389
00:20:40,400 --> 00:20:41,640
Speaker 1: by the end of the year or whatever it is,

390
00:20:42,000 --> 00:20:44,320
Speaker 1: without them having to invest in building it all themselves

391
00:20:44,560 --> 00:20:46,360
Speaker 1: or sourcing a supply or whatever. Toad is just going

392
00:20:46,400 --> 00:20:48,760
Speaker 1: to do that. They're going to get an injection of staff,

393
00:20:48,800 --> 00:20:51,600
Speaker 1: which is really important. The driver development stuff will be

394
00:20:51,680 --> 00:20:53,760
Speaker 1: interesting as well. You know, Hals up to this point

395
00:20:53,800 --> 00:20:57,280
Speaker 1: is essentially relied on Ferrari for junior reserve drivers, so

396
00:20:57,400 --> 00:21:00,199
Speaker 1: no sign necessarily that's going to change yet, but be

397
00:21:00,240 --> 00:21:02,480
Speaker 1: a secondary pool from which they might be able to

398
00:21:02,520 --> 00:21:05,359
Speaker 1: develop and broaden out. And I think what's going to

399
00:21:05,359 --> 00:21:08,040
Speaker 1: be really interesting is where it goes from here, because

400
00:21:08,119 --> 00:21:10,680
Speaker 1: like you say, there's certainly that element of well, if

401
00:21:10,680 --> 00:21:13,240
Speaker 1: Toyota does decide at once to get involved in Formula

402
00:21:13,280 --> 00:21:15,240
Speaker 1: one after all, whether that's as an engine supplier, or

403
00:21:15,240 --> 00:21:17,320
Speaker 1: as a team constructing, and it does say it. It's

404
00:21:17,359 --> 00:21:19,479
Speaker 1: not on the radar at the moment, but things might

405
00:21:19,560 --> 00:21:22,200
Speaker 1: change after twenty twenty six, it's going to know more

406
00:21:22,240 --> 00:21:24,840
Speaker 1: about how that is going to happen. But hers is

407
00:21:24,840 --> 00:21:26,480
Speaker 1: also going to develop as a team because they do

408
00:21:26,560 --> 00:21:28,480
Speaker 1: have this sort of bizarre model where they're buying all

409
00:21:28,480 --> 00:21:30,679
Speaker 1: the stuff from Ferrara and then Delara is involved as well.

410
00:21:31,280 --> 00:21:35,800
Speaker 1: It wouldn't be surprising to see particularly the Delara component

411
00:21:36,160 --> 00:21:39,919
Speaker 1: or parts associated with chassis development, and Toyota specifically uses

412
00:21:39,960 --> 00:21:43,280
Speaker 1: the phrase car development. I think in expresses they have

413
00:21:43,320 --> 00:21:45,640
Speaker 1: to go back and look, some of those things come

414
00:21:45,720 --> 00:21:48,520
Speaker 1: under the remit of Toyota, and at some point in

415
00:21:48,560 --> 00:21:51,480
Speaker 1: the future we actually see Hass and Toyota being being

416
00:21:51,480 --> 00:21:54,760
Speaker 1: almost like the Toyota team operated by Hass. I think

417
00:21:54,760 --> 00:21:56,640
Speaker 1: it'll be really interesting to see if that's the pathway

418
00:21:56,680 --> 00:21:59,680
Speaker 1: they go down in let's say, probably post twenty twenty six.

419
00:22:00,240 --> 00:22:04,760
Speaker 2: Yeah, that's the really exciting thing here, because what this

420
00:22:05,040 --> 00:22:07,840
Speaker 2: is is another manufacturer coming into Formula one. Okay, it's

421
00:22:07,880 --> 00:22:09,920
Speaker 2: through a bit of a backdoor, and it's a toe

422
00:22:09,920 --> 00:22:11,960
Speaker 2: in the water rather than diving in the head first,

423
00:22:12,040 --> 00:22:16,800
Speaker 2: but it's still one of, if not the world's leading

424
00:22:17,600 --> 00:22:22,760
Speaker 2: almost prolific automaker being involved in the sports. So you've

425
00:22:22,800 --> 00:22:28,480
Speaker 2: got ferrari Aston, Martin Reno, General Motors potentially coming in

426
00:22:28,560 --> 00:22:36,600
Speaker 2: with with Andretti Olpanes, the McLaren's, their Mercedes is there.

427
00:22:37,760 --> 00:22:42,280
Speaker 2: You're looking at like ten brands ish represented on the

428
00:22:42,280 --> 00:22:46,080
Speaker 2: gridden Formula one. How is that a bad thing? And Okay,

429
00:22:46,119 --> 00:22:48,720
Speaker 2: it's not a full program, and it's a commercial agreement,

430
00:22:48,760 --> 00:22:52,040
Speaker 2: and it's not even commercial. It's it's more collaboration, isn't it.

431
00:22:52,119 --> 00:22:56,439
Speaker 2: But ultimately this is a good thing for Formula one,

432
00:22:56,520 --> 00:23:02,000
Speaker 2: it's a good thing for hass It's fascinating, it's gonna

433
00:23:02,000 --> 00:23:06,679
Speaker 2: be fascinating to see how this this shakes out. And

434
00:23:06,920 --> 00:23:11,720
Speaker 2: I actually just wonder how much Io Kamatsu has driven this,

435
00:23:12,520 --> 00:23:14,639
Speaker 2: because there's no reason this in theory couldn't have been

436
00:23:14,640 --> 00:23:17,919
Speaker 2: done last year or the year before by Gon Deesteiner.

437
00:23:19,320 --> 00:23:24,120
Speaker 2: But I just wonder how much Iokimatsu has driven this

438
00:23:24,480 --> 00:23:27,680
Speaker 2: and his connections back back at home in Toyota.

439
00:23:27,880 --> 00:23:31,199
Speaker 1: Yeah, well absolutely, and it's also such a great I

440
00:23:31,200 --> 00:23:33,760
Speaker 1: guess feather in his cap obviously, but it's been such

441
00:23:33,800 --> 00:23:36,399
Speaker 1: a good year as his first as team principal, and

442
00:23:36,480 --> 00:23:38,120
Speaker 1: to be able to say he's got this deal over

443
00:23:38,160 --> 00:23:40,840
Speaker 1: the line as well, he's very impressive. You know, he's

444
00:23:40,880 --> 00:23:44,200
Speaker 1: probably one of the more understated principles in the pit lane.

445
00:23:44,240 --> 00:23:47,359
Speaker 1: Maybe Mi Crack similar level where people don't think about

446
00:23:47,400 --> 00:23:49,399
Speaker 1: them too much because there are other personalities in the

447
00:23:49,400 --> 00:23:53,000
Speaker 1: team that kind of dominate are overshadow. But he's done

448
00:23:53,040 --> 00:23:54,680
Speaker 1: a really good job this year. He can't go credit

449
00:23:54,720 --> 00:23:55,879
Speaker 1: to all of it. Of course, the car is being

450
00:23:55,920 --> 00:23:57,800
Speaker 1: developed last year. It's not like he's just rocked up

451
00:23:57,800 --> 00:24:00,200
Speaker 1: and the car's got faster. But I all at once

452
00:24:00,240 --> 00:24:01,840
Speaker 1: the team is operating better. Well, you can see it

453
00:24:01,920 --> 00:24:03,639
Speaker 1: on the track. It's operating better. And a deal like

454
00:24:03,680 --> 00:24:05,280
Speaker 1: this is a really big vote of confidence. And I

455
00:24:05,320 --> 00:24:07,000
Speaker 1: think the final element of this before we move on,

456
00:24:07,840 --> 00:24:10,119
Speaker 1: is that if your Toyota, what a great way to

457
00:24:10,160 --> 00:24:12,760
Speaker 1: get back involved in a sport that kind of burned

458
00:24:12,800 --> 00:24:15,840
Speaker 1: you or you burned yourself in fifteen years ago. You know,

459
00:24:15,880 --> 00:24:19,600
Speaker 1: there's talk about the billions spent on the original Toyota

460
00:24:19,680 --> 00:24:22,679
Speaker 1: F one entry without a win, with however many poems

461
00:24:23,000 --> 00:24:25,480
Speaker 1: it ended up being, and all the various reasons that

462
00:24:25,480 --> 00:24:28,679
Speaker 1: that didn't work A great way to ease yourself into it,

463
00:24:28,760 --> 00:24:30,879
Speaker 1: to just find out, well, can we do this? Was

464
00:24:30,920 --> 00:24:33,640
Speaker 1: it us? Was it just the sport? Was it the circumstances.

465
00:24:33,640 --> 00:24:36,119
Speaker 1: You're going with a team that's already there, figure out

466
00:24:36,160 --> 00:24:38,520
Speaker 1: what's going on, and then who knows, Like we say,

467
00:24:38,560 --> 00:24:41,280
Speaker 1: after twenty twenty six, maybe they realize, maybe we can

468
00:24:41,359 --> 00:24:43,320
Speaker 1: actually run a Formula One team again.

469
00:24:44,000 --> 00:24:47,080
Speaker 2: It'd be interesting. Yeah, what there's one tourt to sorrow.

470
00:24:47,160 --> 00:24:49,680
Speaker 2: I'm just going to tell from way back in the day.

471
00:24:50,160 --> 00:24:52,199
Speaker 2: So Turda pulled out the end of two thousand and nine.

472
00:24:52,200 --> 00:24:54,600
Speaker 2: It actually developed a car two thousand and eight.

473
00:24:55,000 --> 00:24:57,359
Speaker 1: They ran in two thousand and nine because they had

474
00:24:57,359 --> 00:24:59,160
Speaker 1: the double difusion in two thousand and nine as well.

475
00:24:59,400 --> 00:25:01,800
Speaker 2: No, you're correct, you are correct, I'll stand corrected. Then,

476
00:25:01,920 --> 00:25:03,320
Speaker 2: so they rand two thousand and they pulled out the

477
00:25:03,400 --> 00:25:06,320
Speaker 2: end of the year. The rumor goes that their twenty

478
00:25:06,359 --> 00:25:09,359
Speaker 2: ten car would have just blown the field away. That's

479
00:25:10,040 --> 00:25:12,840
Speaker 2: obviously we never know that. But this was even going

480
00:25:12,880 --> 00:25:16,520
Speaker 2: into the year. It's not just looking back and roost

481
00:25:16,520 --> 00:25:19,040
Speaker 2: into class, but there was a story going around this

482
00:25:19,119 --> 00:25:21,560
Speaker 2: is so twenty ten is a year when USF one

483
00:25:22,440 --> 00:25:25,760
Speaker 2: was going to come in manor k Trum Hispaniard did

484
00:25:26,119 --> 00:25:28,080
Speaker 2: while Lotus racing as kat Trum was at that point,

485
00:25:28,480 --> 00:25:31,199
Speaker 2: and was it Mauritia at that point, No, it was Virgin.

486
00:25:31,880 --> 00:25:33,680
Speaker 2: That team went through a lot of different name changes.

487
00:25:34,000 --> 00:25:37,280
Speaker 2: But when the USF one project collapsed, there was this blog.

488
00:25:37,320 --> 00:25:42,680
Speaker 2: You might remember this Stephen gps He tried to acquire

489
00:25:42,760 --> 00:25:47,400
Speaker 2: the Toyota cars and ip and effectively take the USF

490
00:25:47,480 --> 00:25:52,040
Speaker 2: one place on the grid. He sent a container of

491
00:25:52,040 --> 00:25:55,240
Speaker 2: office furniture or Toyota sent its container of office furniture

492
00:25:55,280 --> 00:25:58,120
Speaker 2: to Bahrain for the opening round. I believe it's still

493
00:25:58,160 --> 00:26:03,160
Speaker 2: there really, So if you want some cheap office furniture,

494
00:26:03,160 --> 00:26:07,320
Speaker 2: head to Bahrain. Somewhere on the docks. There is a

495
00:26:07,320 --> 00:26:10,240
Speaker 2: container full of all the hospitality year because in Bahrain

496
00:26:10,280 --> 00:26:11,960
Speaker 2: all the teams are going to take the hospitality stuff.

497
00:26:13,240 --> 00:26:16,000
Speaker 2: It sent that in good faith to Stephan gp. Stephan

498
00:26:16,080 --> 00:26:19,159
Speaker 2: didn't get the didn't get the entrance, so he just

499
00:26:19,200 --> 00:26:24,040
Speaker 2: didn't bother. That was the first Stephan gp apperioce. But yeah,

500
00:26:24,040 --> 00:26:26,320
Speaker 2: so if you want some cheap office furniture, head to

501
00:26:26,359 --> 00:26:27,480
Speaker 2: the Bahrain wharves.

502
00:26:27,920 --> 00:26:31,080
Speaker 1: Let's move on now, Matt to this weekend's United States

503
00:26:31,240 --> 00:26:33,639
Speaker 1: Grand pre Formula on his back six rounds in the

504
00:26:33,680 --> 00:26:36,840
Speaker 1: last eight weeks of the season to wrap this one up.

505
00:26:36,880 --> 00:26:41,240
Speaker 1: Of course, among them are Austin, Texas, Mexico, Brazil, our

506
00:26:41,280 --> 00:26:43,639
Speaker 1: powers it's called now then of course we're going to

507
00:26:43,680 --> 00:26:47,000
Speaker 1: go to Las Vegas, Kata and then wrapping it up

508
00:26:47,040 --> 00:26:50,639
Speaker 1: as per usual in Abu Dhaby, but we resume with

509
00:26:50,720 --> 00:26:55,040
Speaker 1: Formula one potentially two championship battles alive if you need

510
00:26:55,080 --> 00:26:57,679
Speaker 1: a reminder, Max forstaff and Lando Norris by fifty two

511
00:26:57,720 --> 00:27:00,760
Speaker 1: points in the divers Championship on McLaren is forty one

512
00:27:00,800 --> 00:27:03,719
Speaker 1: points ahead of Red Bull Racing in the team's title table,

513
00:27:03,920 --> 00:27:06,800
Speaker 1: with Ferrari only thirty four points further behind as well,

514
00:27:06,800 --> 00:27:08,680
Speaker 1: so the Red Bull actually closer to Ferrari behind them

515
00:27:08,720 --> 00:27:11,960
Speaker 1: than McLaren ahead of them. We've also got, in addition

516
00:27:12,000 --> 00:27:15,320
Speaker 1: to those six last Grand Prix three sprints starting with

517
00:27:15,359 --> 00:27:17,959
Speaker 1: this weekend's race, something I keep forgetting, and then in

518
00:27:18,000 --> 00:27:22,640
Speaker 1: Brazil and Kata as well. It's sort of It's funny

519
00:27:22,680 --> 00:27:24,159
Speaker 1: is that we've been talking about let's start with the

520
00:27:24,160 --> 00:27:27,040
Speaker 1: Constructor's Championship before we think about Landa Norris' odds here.

521
00:27:27,280 --> 00:27:29,680
Speaker 1: We've been talking about it for a few months now

522
00:27:29,800 --> 00:27:32,399
Speaker 1: that the championship is very much alive because McLaren was

523
00:27:32,400 --> 00:27:34,639
Speaker 1: closing in on Red bull racing at a rate of knots.

524
00:27:35,240 --> 00:27:38,200
Speaker 1: But is it actually still alive now that it feels

525
00:27:38,200 --> 00:27:40,760
Speaker 1: like McLaren's kind of taken the bat on and run

526
00:27:40,800 --> 00:27:41,320
Speaker 1: away with it.

527
00:27:41,600 --> 00:27:46,639
Speaker 2: Closing it. So even if red bulls form reverses and

528
00:27:46,680 --> 00:27:48,800
Speaker 2: it starts to become dominant once again, it's not going

529
00:27:48,880 --> 00:27:51,879
Speaker 2: to be trivial to run that gap down because McLaren's

530
00:27:51,880 --> 00:27:54,919
Speaker 2: going to be there or thereabouts, you would think. So,

531
00:27:56,280 --> 00:27:58,880
Speaker 2: I'm not prepared at this point to say the championship

532
00:27:59,000 --> 00:28:01,600
Speaker 2: is McLaren's. Probably have at some point on his podcast,

533
00:28:01,600 --> 00:28:04,199
Speaker 2: so that the championships McLaren's. But I'm just gonna put

534
00:28:04,200 --> 00:28:06,640
Speaker 2: a little asterisk next to that. I reckon if we

535
00:28:06,680 --> 00:28:09,720
Speaker 2: get to sal Paolo I almost said Brazil. If we

536
00:28:09,760 --> 00:28:12,840
Speaker 2: get to the sal Paolo Grand Prix and McLaren still holds,

537
00:28:12,840 --> 00:28:15,640
Speaker 2: say a forty point lead, it's game over because it's

538
00:28:15,640 --> 00:28:17,840
Speaker 2: just going to be too hard to reel that back end.

539
00:28:17,840 --> 00:28:22,600
Speaker 2: Even with the sprints. There's just not enough points on off.

540
00:28:22,640 --> 00:28:26,760
Speaker 2: You need too much of Sergio Perez. You're basically relying

541
00:28:26,800 --> 00:28:29,320
Speaker 2: on McLaren failing. Of course, Oscar Piastri is the only

542
00:28:29,400 --> 00:28:32,720
Speaker 2: driver who's completed every lap of every race all year.

543
00:28:33,640 --> 00:28:35,919
Speaker 2: So he's the most consistent driver in the field, the

544
00:28:35,920 --> 00:28:40,479
Speaker 2: most reliable car. Not to say that you know that

545
00:28:40,560 --> 00:28:43,840
Speaker 2: won't go unblemish this year, but you know he's doing well.

546
00:28:44,800 --> 00:28:47,920
Speaker 2: Lando is performing well. He's stepped up this year. There's

547
00:28:47,960 --> 00:28:50,840
Speaker 2: nothing from McLaren's side to suggest that it's going to

548
00:28:50,880 --> 00:28:54,960
Speaker 2: slow down. But conversely, Red Bulls get upgrades coming, could

549
00:28:54,960 --> 00:28:57,560
Speaker 2: it step up and if so, by how much? And

550
00:28:57,680 --> 00:29:01,000
Speaker 2: is that going to work on both sides of the

551
00:29:01,000 --> 00:29:03,640
Speaker 2: garage or one side more than another. It's basically all

552
00:29:03,680 --> 00:29:07,480
Speaker 2: this balls back down to Sergio Perez, just as it

553
00:29:07,480 --> 00:29:12,040
Speaker 2: did when we were discussing this before the first preseason break, preseason,

554
00:29:12,040 --> 00:29:16,080
Speaker 2: mid season, the preseason break that was a long time ago.

555
00:29:17,440 --> 00:29:21,719
Speaker 2: It's not one that I'm biting my nails over. I

556
00:29:21,760 --> 00:29:24,400
Speaker 2: still think McLaren's got the upper hand. Red Bull's got

557
00:29:24,440 --> 00:29:27,280
Speaker 2: a massive job ahead of it. And even with upgrades,

558
00:29:27,720 --> 00:29:30,240
Speaker 2: even if that turns that car back into a race winner,

559
00:29:30,240 --> 00:29:31,640
Speaker 2: and it's been a hot minute since it's been a

560
00:29:31,720 --> 00:29:36,240
Speaker 2: race winner, I just don't think that they're going to

561
00:29:36,360 --> 00:29:39,760
Speaker 2: have enough to stem the tide and then reverse it

562
00:29:40,320 --> 00:29:42,880
Speaker 2: to the tune of forty two points in six races.

563
00:29:43,120 --> 00:29:45,640
Speaker 1: Because a big question here really with that Red Bull upgrade,

564
00:29:45,640 --> 00:29:47,440
Speaker 1: which is one of the big stories of this weekend,

565
00:29:47,520 --> 00:29:49,720
Speaker 1: because they think it's an upgrade that might solve the

566
00:29:49,760 --> 00:29:53,440
Speaker 1: problems it's been afflicting that car really since just before

567
00:29:53,440 --> 00:29:55,560
Speaker 1: the mid season break. I suppose all the mid season

568
00:29:55,600 --> 00:29:59,200
Speaker 1: break anyway, is whether or not it can prevent McLaren

569
00:29:59,200 --> 00:30:03,360
Speaker 1: from running further way. No one expects Red Bull Racing

570
00:30:03,400 --> 00:30:05,920
Speaker 1: to return to the dominant ways of the first month

571
00:30:06,000 --> 00:30:08,240
Speaker 1: or so of the season because McLaren's also made progress

572
00:30:08,280 --> 00:30:10,360
Speaker 1: in that time, so it's not as if we can

573
00:30:10,400 --> 00:30:13,520
Speaker 1: reverse the form guide completely. The idea is that it

574
00:30:13,600 --> 00:30:16,320
Speaker 1: might only become equally as competitive as McLaren, which case

575
00:30:16,600 --> 00:30:18,160
Speaker 1: you look at that forty one points, and yes, it

576
00:30:18,200 --> 00:30:20,480
Speaker 1: is closable because when you got two cars, or theoretically

577
00:30:20,480 --> 00:30:22,240
Speaker 1: two cars, like you say, Serjeo Prair is a question

578
00:30:22,320 --> 00:30:26,000
Speaker 1: mark in the fight, that gap is smaller. But you know,

579
00:30:26,040 --> 00:30:28,920
Speaker 1: if McLaren's going to win half the races, then it

580
00:30:28,960 --> 00:30:31,880
Speaker 1: can't be done. It's too late to make that kind

581
00:30:31,960 --> 00:30:34,600
Speaker 1: of gain. So the constructive stanmagep for me is much

582
00:30:34,680 --> 00:30:36,800
Speaker 1: less competitive. I actually think there's an interesting question to

583
00:30:36,800 --> 00:30:40,600
Speaker 1: be asked there about if Ferrari can solve its problems. Well,

584
00:30:40,600 --> 00:30:42,080
Speaker 1: for Ai, he does have two drivers in the fight,

585
00:30:42,160 --> 00:30:45,120
Speaker 1: it's suddenly thirty four points. Maybe that is closable, So

586
00:30:45,240 --> 00:30:47,760
Speaker 1: that's interesting to me. But the point of the Red Bull,

587
00:30:48,000 --> 00:30:49,840
Speaker 1: or the intrigue of the Red Bull upgrade, is whether

588
00:30:49,960 --> 00:30:51,760
Speaker 1: or not it's going to be enough to make max

589
00:30:51,760 --> 00:30:56,400
Speaker 1: for Stappens. Still, it's still a comfortable lead fifty two points,

590
00:30:56,480 --> 00:30:59,080
Speaker 1: let's be honest, with six rounds to go. But it's

591
00:30:59,120 --> 00:31:02,320
Speaker 1: only comfortable if Red Bull can consistently finish on the podium.

592
00:31:02,360 --> 00:31:05,400
Speaker 1: And that's really only happened since the mid season break

593
00:31:05,920 --> 00:31:08,440
Speaker 1: in Singapore, and I was kind of unexpected considering how

594
00:31:08,560 --> 00:31:10,840
Speaker 1: the team did last year, and that was partly to

595
00:31:10,880 --> 00:31:13,600
Speaker 1: be fair, because Ferrari underperformed so badly in qualifying and

596
00:31:13,600 --> 00:31:17,920
Speaker 1: Mercedes completely lost its way, so maybe also exaggerated how

597
00:31:17,960 --> 00:31:21,080
Speaker 1: competitive Red Bull Racing looked in Singapore. But if it

598
00:31:21,120 --> 00:31:24,680
Speaker 1: can become a regular podium contender, then it's pretty difficult

599
00:31:24,680 --> 00:31:26,680
Speaker 1: to see how Land and Norris can win this title.

600
00:31:26,680 --> 00:31:28,800
Speaker 1: But if it doesn't solve its problems. If it's still

601
00:31:28,800 --> 00:31:32,040
Speaker 1: battling with Ferrari and Mercedes, then yes, fifty two points

602
00:31:32,080 --> 00:31:35,080
Speaker 1: will still require an almost perfect performance from Norris all

603
00:31:35,080 --> 00:31:37,000
Speaker 1: the way to the end of the season. But he

604
00:31:37,120 --> 00:31:40,640
Speaker 1: is coming off a dominant victory in Singapore. Untouchable in

605
00:31:40,640 --> 00:31:42,800
Speaker 1: Singapore where he touched the wall a few times, I suppose,

606
00:31:42,920 --> 00:31:46,000
Speaker 1: But by and large, it does feel like he might

607
00:31:46,080 --> 00:31:49,000
Speaker 1: be able to generate some momentum if that gap between

608
00:31:49,080 --> 00:31:50,640
Speaker 1: him and Red Bull Racing is large enough.

609
00:31:51,360 --> 00:31:56,000
Speaker 2: But he's relying on Ferrari and Mercedes continuing to perform

610
00:31:56,240 --> 00:32:00,320
Speaker 2: largely as it did in Singapore. To an extent, we

611
00:32:00,400 --> 00:32:05,160
Speaker 2: know that fer Our and merseades we're competitive. In Austin

612
00:32:05,520 --> 00:32:10,120
Speaker 2: a year ago, Charlie Clair was on poll for the sprint.

613
00:32:11,320 --> 00:32:14,680
Speaker 2: Max obviously went through one, but you know, we know

614
00:32:15,520 --> 00:32:19,840
Speaker 2: that those two cars are competitive there. They were both excluded,

615
00:32:21,160 --> 00:32:24,320
Speaker 2: but they were quick, and that was probably more a

616
00:32:24,360 --> 00:32:27,000
Speaker 2: result of the weekend format. That's not to say that

617
00:32:27,040 --> 00:32:30,080
Speaker 2: the cars were just genuinely fast. They were genuinely fast.

618
00:32:31,360 --> 00:32:35,479
Speaker 2: But if the issue I have with this is every

619
00:32:35,520 --> 00:32:40,200
Speaker 2: team for the last two seasons has been working to

620
00:32:40,320 --> 00:32:43,040
Speaker 2: upgrade its car and at some point has failed and

621
00:32:43,200 --> 00:32:45,760
Speaker 2: upgrade has been introduced and it's sent the car backwards.

622
00:32:46,440 --> 00:32:50,200
Speaker 2: There's been no consistency, with the exception of McLaren since

623
00:32:50,240 --> 00:32:53,880
Speaker 2: Austria last year. Since then, it's been a steady, steady rise.

624
00:32:53,920 --> 00:32:56,480
Speaker 2: Everything they've bought has worked for one reason or another.

625
00:32:57,120 --> 00:33:00,000
Speaker 2: Hopefully they understand that, because clearly the other teams don't

626
00:33:00,200 --> 00:33:03,520
Speaker 2: understands that. There's correlation issues all the way through the field,

627
00:33:03,520 --> 00:33:06,200
Speaker 2: and all the teams are speaking about it, and by

628
00:33:06,200 --> 00:33:09,080
Speaker 2: that I mean, you know, they're seeing differences in the

629
00:33:09,120 --> 00:33:11,840
Speaker 2: real world versus what they're expecting to see of the

630
00:33:11,920 --> 00:33:15,000
Speaker 2: virtual world and through the wind tunnel, and a lot

631
00:33:15,000 --> 00:33:16,840
Speaker 2: of the issues just can't be replicated in the wind

632
00:33:16,840 --> 00:33:20,320
Speaker 2: tunnel because you can't run the cars low enough to

633
00:33:20,400 --> 00:33:22,960
Speaker 2: generate the sort of downforce because you know, if you've

634
00:33:22,960 --> 00:33:24,520
Speaker 2: got a rolling road and whatever, it just sucks the

635
00:33:24,600 --> 00:33:27,880
Speaker 2: road up and it's not a trivial thing to do

636
00:33:27,960 --> 00:33:29,920
Speaker 2: a ground effects car in a wind tunnel. There's things

637
00:33:29,960 --> 00:33:34,160
Speaker 2: that you just cannot replicate. But that limitation is introducing

638
00:33:34,200 --> 00:33:37,400
Speaker 2: some correlation issues and Red Bull has not been exempt

639
00:33:37,440 --> 00:33:41,440
Speaker 2: from those. And given the inconsistency of updates and given

640
00:33:41,440 --> 00:33:44,320
Speaker 2: the Red Bull arguably saw this issue a year ago.

641
00:33:44,680 --> 00:33:47,080
Speaker 2: Christian Horner said that we began to see this issue

642
00:33:47,800 --> 00:33:50,280
Speaker 2: this event last year. They've had a year to fix

643
00:33:50,320 --> 00:33:52,760
Speaker 2: that they haven't. Why is this suddenly the magic bullet.

644
00:33:52,800 --> 00:33:56,120
Speaker 2: I'm not sold just yet. I hope that it is

645
00:33:56,160 --> 00:33:59,960
Speaker 2: to an extent because I want to see putting the championship,

646
00:34:00,000 --> 00:34:01,880
Speaker 2: so I don't want to see competitive racing, and at

647
00:34:01,880 --> 00:34:04,600
Speaker 2: the moment we don't really have competitive racing because the

648
00:34:04,640 --> 00:34:06,360
Speaker 2: cars are just that there's a little bit too much

649
00:34:06,440 --> 00:34:10,799
Speaker 2: variation in them. McLaren's consistently good, Red Bull's a little

650
00:34:10,800 --> 00:34:14,319
Speaker 2: bit hit and miss. Ferrari and Merced's even more so.

651
00:34:15,040 --> 00:34:18,960
Speaker 2: But if if this is a good upgrade, with any luck,

652
00:34:19,000 --> 00:34:21,920
Speaker 2: we see Red Bull on McLaren's pace and then we

653
00:34:22,200 --> 00:34:25,120
Speaker 2: have some good racing, That's what I want to see,

654
00:34:25,120 --> 00:34:27,560
Speaker 2: because I'm less concerned by the championship. I think Max

655
00:34:27,560 --> 00:34:32,040
Speaker 2: has won that, but yeah, it's to be seen. I'm

656
00:34:32,080 --> 00:34:34,359
Speaker 2: not going to jump on the Red Bull'll solve all

657
00:34:34,360 --> 00:34:36,520
Speaker 2: these problems this weekend bam wagon just yet.

658
00:34:36,600 --> 00:34:39,680
Speaker 1: It would be a surprise if suddenly all problems were solved.

659
00:34:39,719 --> 00:34:41,759
Speaker 1: But I guess one of the upgrades presumably has to

660
00:34:41,800 --> 00:34:43,719
Speaker 1: do it. Well, maybe they don't. Maybe they never solve it,

661
00:34:43,719 --> 00:34:46,279
Speaker 1: so that's a question for next year or even twenty

662
00:34:46,280 --> 00:34:49,800
Speaker 1: twenty six. Finally, matt first race at the Circuit of

663
00:34:49,800 --> 00:34:53,320
Speaker 1: the Americas without Daniel Ricardo in it is this weekend

664
00:34:53,440 --> 00:34:56,600
Speaker 1: because anyone who has not been paying attention he's been

665
00:34:56,640 --> 00:35:00,520
Speaker 1: sacked by Harvey and replaced by Liam Laws. He'll make

666
00:35:00,600 --> 00:35:03,719
Speaker 1: his full time debut. It's weird to say that when

667
00:35:03,760 --> 00:35:05,960
Speaker 1: there's only six rounds left, but that is his seat

668
00:35:06,040 --> 00:35:08,560
Speaker 1: now for the rest of the year. He's not filling

669
00:35:08,600 --> 00:35:12,080
Speaker 1: in to justify whether or not he'll be retained next year,

670
00:35:12,080 --> 00:35:14,279
Speaker 1: although I don't think there's any circumstances which he won't

671
00:35:14,280 --> 00:35:16,200
Speaker 1: be in the Red Bull program next year. It's more

672
00:35:16,239 --> 00:35:18,920
Speaker 1: about Red Bull racing, as we've already talked about, and

673
00:35:19,000 --> 00:35:21,280
Speaker 1: as helmet Marco has talked about about length to various

674
00:35:21,280 --> 00:35:24,880
Speaker 1: meter organizations. But he'll start this grand return to Formula

675
00:35:24,920 --> 00:35:27,680
Speaker 1: one with a penalty be starting down the grid probably

676
00:35:27,760 --> 00:35:30,080
Speaker 1: last considering the form of the RB car won't take

677
00:35:30,160 --> 00:35:33,000
Speaker 1: him too much further up the grid. You could cut

678
00:35:33,000 --> 00:35:35,040
Speaker 1: that two ways, couldn't you. In the one sense that's

679
00:35:35,080 --> 00:35:36,880
Speaker 1: well pressures off, I guess because you're not going to

680
00:35:36,960 --> 00:35:39,319
Speaker 1: have too much expected of you. But on the other hand,

681
00:35:39,400 --> 00:35:41,319
Speaker 1: it's just a bit flat, isn't it.

682
00:35:41,400 --> 00:35:44,680
Speaker 2: Yeah, somewhat event Klermax, Welcome back. You're way down the

683
00:35:44,719 --> 00:35:48,200
Speaker 2: bank there. Yeah, it's a bit of a bout to

684
00:35:48,440 --> 00:35:51,840
Speaker 2: fire obviously, because Liam drops into the car that Daniel

685
00:35:51,880 --> 00:35:56,279
Speaker 2: has been driving. He picks up whatever components in terms

686
00:35:56,320 --> 00:36:01,799
Speaker 2: of engine engine elements that have used thus far. So

687
00:36:02,120 --> 00:36:05,040
Speaker 2: if Daniel was on the brink of a penalty, Liam

688
00:36:05,080 --> 00:36:08,080
Speaker 2: cops that penalty for engine components. It's not like RB

689
00:36:08,280 --> 00:36:10,560
Speaker 2: can bring in a new driver and get a whole

690
00:36:10,600 --> 00:36:14,520
Speaker 2: new pool of components for that driver. It's basically attached

691
00:36:14,560 --> 00:36:17,600
Speaker 2: to the car, if that makes sense. So yeah, it's

692
00:36:17,640 --> 00:36:19,800
Speaker 2: a bit of a baptism of fire for him. Obviously,

693
00:36:19,800 --> 00:36:23,080
Speaker 2: he's never been to the Circuit of Americas before either,

694
00:36:23,160 --> 00:36:25,320
Speaker 2: so he's got to learn the circuit and he's a

695
00:36:25,320 --> 00:36:27,239
Speaker 2: professional racing drive or do that pretty quickly. It'll have

696
00:36:27,280 --> 00:36:28,920
Speaker 2: been on the sim and done all that sort of

697
00:36:28,960 --> 00:36:33,160
Speaker 2: stuff already. But he's not gonna have a lot of

698
00:36:33,160 --> 00:36:35,040
Speaker 2: practice either. He's a sprint weekend, as you mentioned, so

699
00:36:35,120 --> 00:36:38,759
Speaker 2: only gets that one hour to begin with. Maybe that's

700
00:36:38,760 --> 00:36:41,279
Speaker 2: a good thing. But starting town the back, I think

701
00:36:41,320 --> 00:36:46,279
Speaker 2: that's not going to phase him. Liam is such a

702
00:36:46,360 --> 00:36:49,680
Speaker 2: relaxed individual, you know. We saw that all the way

703
00:36:49,760 --> 00:36:52,799
Speaker 2: through last year we had that five race stint in

704
00:36:52,840 --> 00:36:56,760
Speaker 2: place of Daniel. Even this year, he's not been phased

705
00:36:56,800 --> 00:36:59,360
Speaker 2: with all this stuff that's been going on in the background.

706
00:37:00,120 --> 00:37:02,520
Speaker 2: We know he's that Red Bull in some way, shape

707
00:37:02,600 --> 00:37:04,400
Speaker 2: or form. We don't know which team, but we know

708
00:37:04,440 --> 00:37:06,200
Speaker 2: he's there for next year. There's no way he's going

709
00:37:06,239 --> 00:37:08,200
Speaker 2: to sign a contract to come in for six races

710
00:37:08,200 --> 00:37:11,719
Speaker 2: now and that's it. So let's just just go out

711
00:37:11,719 --> 00:37:15,320
Speaker 2: there and have fun, learn use the weekend. It's I

712
00:37:15,400 --> 00:37:17,399
Speaker 2: actually think it's a really smart move from Red Bull

713
00:37:17,440 --> 00:37:19,520
Speaker 2: to take the penalty now or from RB to take

714
00:37:19,560 --> 00:37:24,120
Speaker 2: the penalty now, because it gives Lim a weekend with

715
00:37:24,239 --> 00:37:27,600
Speaker 2: zero expectations to go out there, learn the car, learn

716
00:37:27,640 --> 00:37:30,160
Speaker 2: how it feels, get yourself a little bit more race sharp.

717
00:37:30,160 --> 00:37:34,000
Speaker 2: Because he's not raced since the Singapore Grand Prix. It

718
00:37:34,000 --> 00:37:35,719
Speaker 2: was the Japanese Grand Prix last year, which one came

719
00:37:35,800 --> 00:37:40,000
Speaker 2: as Japanese. It was it was his last, so.

720
00:37:41,280 --> 00:37:43,400
Speaker 1: Would have been his last, sorry Kat would have come

721
00:37:43,440 --> 00:37:43,759
Speaker 1: after that.

722
00:37:44,800 --> 00:37:47,640
Speaker 2: We should know this stuff. We're professional a long time ago,

723
00:37:47,880 --> 00:37:51,960
Speaker 2: a lot of a lot of absolutely right it was.

724
00:37:51,760 --> 00:37:56,040
Speaker 2: It was guitar, So you know, you can just go

725
00:37:56,080 --> 00:37:59,640
Speaker 2: out there with very little pressure. Imagine he going out

726
00:37:59,640 --> 00:38:02,200
Speaker 2: there with with a car that was fully competitive. Yuki

727
00:38:02,239 --> 00:38:06,040
Speaker 2: goes and sticks at six. Not beyond the reals unlikely,

728
00:38:06,080 --> 00:38:08,520
Speaker 2: but not beyond the realms of possibility. Pressure is that

729
00:38:08,600 --> 00:38:11,600
Speaker 2: immediately on Liam. Now I Fuki goes out there and

730
00:38:11,600 --> 00:38:14,200
Speaker 2: sticks at six. Matter, Liam's down the back. He's got

731
00:38:14,200 --> 00:38:17,920
Speaker 2: an Indian penalty. So yeah, not a bad position to

732
00:38:17,920 --> 00:38:19,280
Speaker 2: be in for Liam in my opinion.

733
00:38:19,480 --> 00:38:22,360
Speaker 1: Also not a bad situation. I mean, notwithstanding has to

734
00:38:22,440 --> 00:38:24,040
Speaker 1: learn the track. But he does get two race starts

735
00:38:24,040 --> 00:38:25,920
Speaker 1: this weekend. He gets some sort of practice in the

736
00:38:25,920 --> 00:38:28,200
Speaker 1: sprint and then the real one non Sunday, so you know,

737
00:38:28,200 --> 00:38:29,600
Speaker 1: he gets a little bit of bang for his buck

738
00:38:29,640 --> 00:38:32,880
Speaker 1: there in terms of bringing himself back up to I

739
00:38:32,880 --> 00:38:35,000
Speaker 1: guess racing fitness if you want to call it that.

740
00:38:35,120 --> 00:38:37,160
Speaker 1: So there's something in there for him. In any case,

741
00:38:37,160 --> 00:38:40,600
Speaker 1: he's got no choice. Matt's the most important part of

742
00:38:40,640 --> 00:38:43,840
Speaker 1: the podcast, the Alternative Championship. Now we have had a

743
00:38:43,880 --> 00:38:46,400
Speaker 1: couple of weeks off, of course, but the championship rests

744
00:38:46,400 --> 00:38:48,280
Speaker 1: for no one except when we didn't do the podcast.

745
00:38:49,600 --> 00:38:52,560
Speaker 1: It's back now, would you like to start proceedings?

746
00:38:52,800 --> 00:38:56,200
Speaker 2: I am going to start proceedings. I've written down who

747
00:38:56,280 --> 00:39:01,680
Speaker 2: I'm giving points to, but I've foolishly left the points

748
00:39:01,680 --> 00:39:05,840
Speaker 2: column blank. So this is I mean, the Alternative Championship

749
00:39:05,880 --> 00:39:09,120
Speaker 2: is usually pretty loose. We arbitrarily reward points just based

750
00:39:09,160 --> 00:39:12,280
Speaker 2: on which way the wind's blowing or whatever other reason

751
00:39:12,320 --> 00:39:15,200
Speaker 2: we've got at any given point in time. I'm going

752
00:39:15,280 --> 00:39:20,960
Speaker 2: to start things off with Toyota, and I'm going to

753
00:39:20,960 --> 00:39:24,520
Speaker 2: give Toyota how many points on I reckon. I'm going

754
00:39:24,560 --> 00:39:26,680
Speaker 2: to give them fifty points because that seems like a

755
00:39:26,680 --> 00:39:29,719
Speaker 2: good arbitrary number because I think they've made a good

756
00:39:29,880 --> 00:39:35,440
Speaker 2: move for Formula one, for hass and for themselves. I

757
00:39:35,480 --> 00:39:37,640
Speaker 2: think fifty points seems like a good number for that.

758
00:39:37,840 --> 00:39:40,239
Speaker 1: Okay, I've also got Toyota on my list. I'll bump

759
00:39:40,320 --> 00:39:43,280
Speaker 1: them forward, just in the sense of keeping it thematically consistent.

760
00:39:43,640 --> 00:39:48,040
Speaker 1: I'm going to give one consolation point to Toyota chairman

761
00:39:48,239 --> 00:39:51,839
Speaker 1: a Kyo Toyota for begging sub editors not to run

762
00:39:51,880 --> 00:39:54,880
Speaker 1: headlines reading the Toyota's returning to Formula one only to

763
00:39:54,880 --> 00:39:57,160
Speaker 1: wake up the next morning to read if One's own

764
00:39:57,200 --> 00:40:01,320
Speaker 1: website confirming that Toyota has returned and to Formula one.

765
00:40:03,840 --> 00:40:06,640
Speaker 2: Magnificent. I love the way the media works. Sometimes it's

766
00:40:06,680 --> 00:40:09,759
Speaker 2: just it's just great. Did you did you run a

767
00:40:09,800 --> 00:40:14,640
Speaker 2: Toyota returns to F one? I absolutely, yeah, It's the

768
00:40:14,680 --> 00:40:15,920
Speaker 2: only way to tell that story.

769
00:40:16,360 --> 00:40:18,759
Speaker 1: But they are Look, I stand by the fact that

770
00:40:18,800 --> 00:40:21,799
Speaker 1: this counts. It's not a sponsorship. It's technically they're back

771
00:40:22,080 --> 00:40:22,800
Speaker 1: in a way.

772
00:40:23,040 --> 00:40:27,280
Speaker 2: Yep. I agree, and I ran exactly the same headline

773
00:40:27,320 --> 00:40:32,200
Speaker 2: for exactly the same reason. Yeah, good, good, cool, good cool.

774
00:40:32,920 --> 00:40:38,120
Speaker 2: My second, my second lot of points goes to Andretti.

775
00:40:38,760 --> 00:40:40,360
Speaker 2: They're not even in Formula one, but I'm giving you

776
00:40:40,440 --> 00:40:41,000
Speaker 2: points anyway.

777
00:40:41,440 --> 00:40:43,120
Speaker 1: Well, I mean, they've got a team, they may as

778
00:40:43,120 --> 00:40:46,200
Speaker 1: well get some points.

779
00:40:45,960 --> 00:40:50,640
Speaker 2: That's true. They're spending huge amounts of money, Hugh, like,

780
00:40:50,719 --> 00:40:53,000
Speaker 2: you have no idea how much money that joint is spending.

781
00:40:54,320 --> 00:40:56,839
Speaker 2: I've had a little bit of intel on that one,

782
00:40:56,920 --> 00:41:00,239
Speaker 2: and it's it's I watering, It's it's on par with

783
00:41:00,280 --> 00:41:03,200
Speaker 2: what the current teams are spending. So it's a serious

784
00:41:03,239 --> 00:41:05,879
Speaker 2: business and as a result, they deserve a serious number

785
00:41:05,920 --> 00:41:08,759
Speaker 2: of points. I'm going to give them twenty and twenty six.

786
00:41:08,840 --> 00:41:11,680
Speaker 1: Wow, okay, I see what you've done there. Yeah, it's

787
00:41:11,719 --> 00:41:13,279
Speaker 1: the points for the year that they're not going to

788
00:41:13,280 --> 00:41:19,399
Speaker 1: get into Formula one. I like that, all right. I'm

789
00:41:19,400 --> 00:41:22,759
Speaker 1: going to go with one hundred points off. Taking a

790
00:41:22,880 --> 00:41:27,160
Speaker 1: hundred points off. Supercars CEO Shane Howard.

791
00:41:27,360 --> 00:41:29,880
Speaker 2: Yes, I like it. I like it exactly.

792
00:41:30,400 --> 00:41:34,120
Speaker 1: He was showing respect by saying he would contact Daniel

793
00:41:34,200 --> 00:41:38,160
Speaker 1: Ricardo only at the appropriate time about a possible Supercars drive,

794
00:41:38,520 --> 00:41:41,920
Speaker 1: while simultaneously making it the day's biggest headline in the

795
00:41:41,920 --> 00:41:45,839
Speaker 1: Australian motorsport media, just a week after Daniel had been

796
00:41:45,880 --> 00:41:49,000
Speaker 1: sacked in a naked publicity drive for the Baptist one thousand.

797
00:41:49,239 --> 00:41:51,239
Speaker 1: It was, Yeah, it was pretty I should take actually

798
00:41:51,239 --> 00:41:52,880
Speaker 1: one two thousand points off because.

799
00:41:52,640 --> 00:41:58,000
Speaker 2: Of even better. I like it. I'll let Shane know

800
00:41:58,080 --> 00:42:01,560
Speaker 2: that he's now on the leaderboard or off the bottom

801
00:42:01,600 --> 00:42:01,759
Speaker 2: of it.

802
00:42:01,840 --> 00:42:04,440
Speaker 1: He's probably probably in the top ten percent even with

803
00:42:04,520 --> 00:42:05,799
Speaker 1: a thousand points of.

804
00:42:05,880 --> 00:42:11,239
Speaker 2: Probably true, be honest. Actually it puts him tired with

805
00:42:11,280 --> 00:42:12,960
Speaker 2: an unnamed McLaren manager.

806
00:42:14,800 --> 00:42:19,080
Speaker 1: That was the rules.

807
00:42:20,520 --> 00:42:23,120
Speaker 2: Yeah, that was that was a bit shameless. It was

808
00:42:23,160 --> 00:42:25,640
Speaker 2: in poor taste and what I liked is. So it

809
00:42:25,680 --> 00:42:30,160
Speaker 2: was a television news story that first made the claim,

810
00:42:30,320 --> 00:42:35,799
Speaker 2: and it was that Supercars had asked Daniel Ricardo. And

811
00:42:35,840 --> 00:42:38,319
Speaker 2: I got wind of this because speak cafe, as Fox

812
00:42:38,320 --> 00:42:42,600
Speaker 2: Sports does, we're among the few, i guess publications that

813
00:42:42,640 --> 00:42:46,040
Speaker 2: cover both Formula One and Supercars equally, so we've got

814
00:42:46,040 --> 00:42:48,239
Speaker 2: a vested interest and obviously through Formula one we've got

815
00:42:48,239 --> 00:42:53,000
Speaker 2: connections to Daniel. So I emailed a message rather Daniel's

816
00:42:53,040 --> 00:42:57,960
Speaker 2: manager saying so supercar has been touched. Nope, like that,

817
00:42:58,320 --> 00:43:03,000
Speaker 2: and this is before seven o'clock in the morning. And

818
00:43:03,000 --> 00:43:06,719
Speaker 2: then the next bullutten that story being corrected because we're

819
00:43:06,800 --> 00:43:10,360
Speaker 2: at that stage run a story saying that Supercars hadn't

820
00:43:10,400 --> 00:43:14,160
Speaker 2: been in touch even though they claimed it had. So yeah,

821
00:43:14,160 --> 00:43:15,799
Speaker 2: it was a bit poor form.

822
00:43:16,040 --> 00:43:18,400
Speaker 1: I thought they had they had a gap with no

823
00:43:18,520 --> 00:43:21,120
Speaker 1: other racing on. They knew what was big of Australia,

824
00:43:21,239 --> 00:43:23,600
Speaker 1: Daniel Ricardo. They put the two and two.

825
00:43:23,520 --> 00:43:29,000
Speaker 2: The yeah and they yeah one on one makes seven yep.

826
00:43:29,960 --> 00:43:33,239
Speaker 2: So all right, my turn to round this out. I

827
00:43:33,360 --> 00:43:35,800
Speaker 2: need to come up with a suitable number of points

828
00:43:35,800 --> 00:43:40,120
Speaker 2: here because Ticketmaster, Oh, I need to work out how

829
00:43:40,120 --> 00:43:41,520
Speaker 2: many points to take off.

830
00:43:41,600 --> 00:43:44,160
Speaker 1: Ticket Master oh, well, whatever number you come up with.

831
00:43:44,239 --> 00:43:47,080
Speaker 1: I think they're quite high demand on this championship rating,

832
00:43:47,080 --> 00:43:48,440
Speaker 1: so he probably double it, or even.

833
00:43:49,800 --> 00:43:53,200
Speaker 2: Maybe I should make this an on demand price. So

834
00:43:53,320 --> 00:43:56,239
Speaker 2: this is an on demand I'm giving. I'm giving Ticketmaster

835
00:43:56,320 --> 00:44:03,080
Speaker 2: an on demand penalty, and they is double whatever the

836
00:44:03,719 --> 00:44:06,719
Speaker 2: greatest deficit is at this point. So James Vows is

837
00:44:06,760 --> 00:44:09,160
Speaker 2: currently minus one hundred and sixty eight thousand and one.

838
00:44:11,000 --> 00:44:14,439
Speaker 2: I'm going to make Ticketmaster last times two.

839
00:44:15,000 --> 00:44:15,520
Speaker 1: Wow.

840
00:44:16,640 --> 00:44:27,600
Speaker 2: So they've got one job, one job, that's it, and

841
00:44:27,880 --> 00:44:30,560
Speaker 2: they can't do it. And did we mention that the

842
00:44:30,600 --> 00:44:34,719
Speaker 2: Ticketmaster is owned by Liberty or not own, but at

843
00:44:34,719 --> 00:44:40,840
Speaker 2: thirty point eight steak it's the primary shareholder. So currently,

844
00:44:41,120 --> 00:44:44,160
Speaker 2: I say, currently Ticketmaster is on minus three hundred and

845
00:44:44,200 --> 00:44:47,400
Speaker 2: thirty six thousand and two points.

846
00:44:47,200 --> 00:44:49,120
Speaker 1: It difficult for them to come back from there.

847
00:44:50,160 --> 00:44:52,359
Speaker 2: Well, particularly given that scale is if we give someone,

848
00:44:52,360 --> 00:44:55,800
Speaker 2: if we penalize someone more, their penalty just gets worse,

849
00:44:56,440 --> 00:44:59,080
Speaker 2: because that's how this on demand stuff works. I like,

850
00:44:59,480 --> 00:45:01,600
Speaker 2: so Lived by the Sword, Die by the Sword?

851
00:45:03,200 --> 00:45:06,680
Speaker 1: Good, all right, I'll bring it home. This one caught

852
00:45:06,719 --> 00:45:08,480
Speaker 1: my interest and I wasn't sure how I was going

853
00:45:08,560 --> 00:45:10,320
Speaker 1: to grade it. So it's probably a little bit of

854
00:45:10,360 --> 00:45:12,440
Speaker 1: a middling grade, but I thought it was interesting. Nonetheless,

855
00:45:12,680 --> 00:45:17,439
Speaker 1: it's ten points off Howard Stern, the American radio host.

856
00:45:17,520 --> 00:45:19,160
Speaker 1: I'm not sure if this came across your desk, mat.

857
00:45:19,200 --> 00:45:20,520
Speaker 1: I only found out that it was only a day

858
00:45:20,600 --> 00:45:23,360
Speaker 1: or so ago. He's some kind of radio host in America.

859
00:45:24,239 --> 00:45:28,400
Speaker 1: He was interviewing US Vice president and presidential nominee Kamala Harris,

860
00:45:29,200 --> 00:45:32,279
Speaker 1: and they talked briefly about Formula I think she brought

861
00:45:32,320 --> 00:45:34,000
Speaker 1: it up, or he brought up that she has an

862
00:45:34,000 --> 00:45:37,360
Speaker 1: interest in Formula one and she said. He said, oh, well,

863
00:45:37,360 --> 00:45:39,799
Speaker 1: who's your favorite driver? And she said Lewis Hamilton straight away.

864
00:45:39,960 --> 00:45:42,279
Speaker 1: I feel like she's probably a genuine Formula one fan

865
00:45:42,320 --> 00:45:44,200
Speaker 1: as well. I'm not just saying it because it's popular,

866
00:45:44,280 --> 00:45:46,120
Speaker 1: because she seemed to know a bit about it. And

867
00:45:46,160 --> 00:45:49,040
Speaker 1: he said, I've never even heard of Lewis Hamilton, which

868
00:45:49,120 --> 00:45:51,600
Speaker 1: I just thought was very But I don't knock like

869
00:45:51,600 --> 00:45:54,200
Speaker 1: that's probably not his fault, is it? Almost I'm going

870
00:45:54,200 --> 00:45:56,279
Speaker 1: to take ten points off him just to capture the

871
00:45:56,320 --> 00:45:57,839
Speaker 1: vibe of this, But I just thought that was very

872
00:45:57,840 --> 00:46:01,160
Speaker 1: interesting for a couple of reasons. One that the sport

873
00:46:01,280 --> 00:46:03,880
Speaker 1: is popular enough that Kamala Harris knows what it is

874
00:46:03,880 --> 00:46:06,399
Speaker 1: in America. More of the point, popular in America, which

875
00:46:06,440 --> 00:46:08,400
Speaker 1: has always been the big question for F one, but

876
00:46:08,480 --> 00:46:10,719
Speaker 1: clearly not so popular that one of the biggest media

877
00:46:10,800 --> 00:46:13,080
Speaker 1: personalities in the United States has ever heard of it.

878
00:46:13,160 --> 00:46:15,480
Speaker 1: So you know it works still to do I suppose

879
00:46:15,520 --> 00:46:17,520
Speaker 1: before we ade in cracking the United States.

880
00:46:17,680 --> 00:46:21,160
Speaker 2: Yeah, this dick cross my desk. It is fascinating that

881
00:46:21,640 --> 00:46:24,040
Speaker 2: of all the people that Howard Sterner's interviewed, this is

882
00:46:24,040 --> 00:46:26,600
Speaker 2: the first time he's ever heard of Lewis Hamilton. And

883
00:46:27,680 --> 00:46:30,280
Speaker 2: Lewis Hamilton has a lot of a lot of friends

884
00:46:30,280 --> 00:46:34,320
Speaker 2: in that sort of industry, in the music and Hollywood space,

885
00:46:34,400 --> 00:46:38,360
Speaker 2: so he's never heard of Brad Pitt's new new.

886
00:46:38,280 --> 00:46:40,760
Speaker 1: Movie, never heard of Sonny Hayes.

887
00:46:43,520 --> 00:46:46,720
Speaker 2: That line of dialogue, Lift Hower, that line of dialogue ten.

888
00:46:46,560 --> 00:46:49,719
Speaker 1: Points off to you, ten points off On that note.

889
00:46:49,719 --> 00:46:51,520
Speaker 1: That's all the time we have for pit Talk today.

890
00:46:51,560 --> 00:46:53,000
Speaker 1: We will be back next week to wrap up all

891
00:46:53,000 --> 00:46:55,520
Speaker 1: the actions from Austin. You can subscribe to pit Talk

892
00:46:55,520 --> 00:46:57,680
Speaker 1: wherever you get your favorite podcasts, and you can leave

893
00:46:57,760 --> 00:46:59,719
Speaker 1: us a rating and review as well. You can keep

894
00:46:59,800 --> 00:47:01,840
Speaker 1: up to with all the latestef ON news throughout the

895
00:47:01,880 --> 00:47:04,799
Speaker 1: round at foxsports dot com, dot a U and Speedcafe

896
00:47:04,840 --> 00:47:07,840
Speaker 1: dot com. From Matt Costion me Michael Lomonado. Thanks very

897
00:47:07,920 --> 00:47:09,719
Speaker 1: much for your company and we'll catch you next week.