I was invited to a recent F1 race in Singapore and there I saw the exuberance of Tun Mahathir, Tony Fernandes and other Malaysia-backed Lotus F1 personalities over the prospect of Malaysia will be competing world wide on F1 races in the world, with its own team. This mean more exposure for Malaysia as a premier global player in many things.
Then our Prime Minister Dato' Sri Najib Tun Razak met with our F1 team drivers, including one homegrown potentially a major name as a F1 driver. The F1 team drivers met with out PM and had a photo session.
Then at the back of our minds we already know that in such an expansive undertaking and venture such as the F1 race, the Lotus team needs a lot of money. This is where Petronas comes in, right! Well we are wrong.
Instead Petronas is giving its billion ringgit a year expense to another foreign F1 team, Mercedes, to enable it to carry the Petronas logo to be seen word wide. The way I see it our Malaysian Lotus F1 team, win or lose, can also carry the Petronas logo to be seen worldwide.
Having said that I now am trying to understand Petronas under what appears to be the maverick Tan Sri Hassan Merican.
He ,who is so adamant about having his own mind, appears to be doing so by not to listen to reason and all these are being done at the expense of Najib as the country's prime minister.
There was other occasion when Hassan Merican also vehemently rejected the prime minister's request for his (the PM) choice of a director for Petronas. But this is considered as a small hiccups between the Petronas chief executive and the prime minister.
But, in the case of giving billion ringgit every year to another foreign F1 team when we have our own, well just put it this way I am rather perplex by the move to give money to a foreign team when it could have been given to ours.
As a layman, it appears as though, in his quest to have a mind of his own and to be a maverick, Hassan Merican has shoved aside two very important voices in the country: one is Petronas adviser Tun Mahathir Mohamed, and Hassan Merican own boss Najib.
As a layman, the way I see it, if I am that prime minister, I will just tell Hassan to go, or just sack him. Why? Well the way I see it he should be sacked for his wisdom of not being able to see why giving Malaysian petro-ringgit to a foreign F1 team, instead of ours, is wrong, and he shoal be sacked for not having that respect for his own boss the Prime Minister! Below is an excerpt from news report on the issue:
Kuala Lumpur, Dec 26 — The decision by state oil and gas company Petronas to sponsor the Mercedes Formula One team next season is a blow to the Malaysia-backed Lotus F1 racing team but may have political consequences for Petronas's independent chief executive.
Last month, Riad Asmat, the chief executive officer of Lotus F1 told the press that he had submitted a comprehensive sponsorship proposal to the oil firm but admitted that the well-heeled Petronas was being wooed by other international suitors.
It costs approximately RM1 billion a year to sponsor an F1 team.
Riad's statement led observers to conclude that Petronas would, indeed, be Lotus's main sponsor as the creation of the Malaysia-backed team had been announced by Prime Minister, Datuk Seri Najib Razak who'd said that it would be a government-backed venture. ...read more here.....