F1 Business Diary 2018: The Hungarian Grand Prix

Lewis Hamilton wins tense Hungarian Grand Prix as schedule takes break ahead for summer

F1 Business Diary 2018: The Hungarian Grand Prix

Lewis Hamilton wins tense Hungarian Grand Prix as schedule takes break ahead for summer.

Lewis Hamilton won a tense Hungarian Grand Prix, ensuring that he heads into Formula One's mid-season break with a 24-point lead over Sebastian Vettel in the drivers' championship.

A tactical error from Ferrari seemed to make Hamilton's life easier, with a delayed bit stop for Vettel resulting in Hamilton's teammate Valtteri Bottas remaining in front of the German, who was able to protect his English teammate. The mistake could even have cost Vettel second place, but he fought his way beyond Bottas with five laps to go.

A flurry of errors followed from Bottas, first clipping Vettel as he attempted to regain his position, before sliding into Red Bull's Daniel Ricciardo as the Australian attempted to pass the Finn. Both Ricciardo and Kimi Raikkonen would pass him, leaving the Mercedes driver fifth.

However, despite the drama surrounding his teammate, Hamilton's victory was surprisingly straightforward, aided in part by Ferrari's questionable strategy.

Perez: 'Force India asked me to begin administration proceedings'

Force India driver Sergio Perez has admitted to beginning administration proceedings against his employers in order to prevent a winding-up petition from a creditor.

The Mexican racer, who is owed millions of pounds by his employer, said: “The team asked me to do it. Otherwise, it would have been very bad.”

Force India entered administration last Friday, with multiple parties having stated their interest in investing.

Perez told BBC Sport that he had opened legal proceedings in order “to look after the 400 people who work in the team.”

He added: “It was very tricky and difficult. Every day really counted and I was told to help the team, to secure those jobs and that is the main reason behind it.

"It was a very difficult decision for me because I am in the middle of it, but the picture will look bigger in the near future.

“The bottom line is that we did it, or the team goes bust. Emotionally and mentally it has been really tough. I haven't been able to focus on being a racing driver.”

During the administration process, the team is said to be continuing to prepare and race as normal, with potential buyers – including a single Russian and two American consortiums – weighing up their options.

Force India’s operating company is the largest outstanding creditor, with UK£159 million in unpaid debts, while Mercedes are owed UK£10 million.

Sergio Perez said that he had begun legal proceedings to help his team

Ferrari legend Marchionne dies, aged 66

Sergio Marchionne, who held the roles of both chairman and chief executive of Ferrari, has died aged 66.

Under Marchionne’s management, which only came to an end earlier in the week when a statement announced that ill health was to prevent the Italian from returning to work, Ferrari have once again become a competitive force in the sport, winning four of the first 11 races of the 2018 season, challenging Mercedes and Lewis Hamilton for both the Constructors' and Drivers' Championship.

Chase Carey, chairman and chief executive of Formula One, described Marchionne as “both a leader and a friend.”

He added: “We are deeply saddened by the passing of Sergio Marchionne. He was a great leader of not just Formula One and the automobile world, but the business world overall.

“He led with great passion, energy and insight, and inspired all around him. His contributions to Formula 1 are immeasurable. He was also a true friend to all of us and he will be deeply missed. At this difficult time we extend our deepest sympathies to his family, friends and colleagues.”

Ferrari flags were flown at half-mast during the Hungarian Grand Prix, while every team member wore a black armband.

Williams boss admits to considering exit

Claire Williams, the boss of the struggling Williams team, has admitted that she is considering quitting her role.

Williams is the daughter of the team’s founder, Sir Frank Williams, who placed her in charge five years ago.

Jacques Villeneuve, the last man to win the drivers’ championship in the British car, said: “The team is dead. There is no management. They had the chance to make a good choice, but they put Claire Williams in charge rather than (brother) Jonathan. It was a big mistake.”

The team’s car has consistently been the slowest on the Formula One grid this season, with Williams admitting: “Of course I think about walking away. I question whether I'm the right person to be doing this job. If anyone in Williams says to my face that I was damaging the team, then I would go.”