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While we wait for the grands fromages to have their meetings and decide what kind of spectacle we are going to see next year and beyond in Formula 1, I thought a brief colour post might be in order.

For the first time in years I’m not staying in Monaco this year. I’m in Villefranche, which is 20 minutes west by train. They have a fantastic train service here with double decker trains whizzing you along the coastline. Monaco railway station is a 10 minute walk from the paddock and the media centre.

On my way in I passed a series of posters on the wall which stopped me in my tracks; they are Marlboro adverts. You get so used to not seeing any kind of tobacco advertising any more that so see these bold posters of a tattoed Kimi Raikkonen with his car really grab you. This is Monaco, a law unto itself.

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I stopped at the market this morning on the way in. Chatting to locals it seems that everything is 20% down this year; ticket sales, hotel bookings, restaurants etc. I’d say that extends to boats in the harbour. There are some nice ones out there, but not the megas we have seen in recent years. I think part of it is the ‘being seen to do the right thing’ aspect. A lot of sponsors take big boats here normally, but in the current climate they don’t want to be seen to be living it up.

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Ironically the team bosses have their boats here, like Flavio Briatore, who’s Force Blue is playing host to Bernie Ecclestone and Jean Alesi this weekend. It is available for weekly charter the rest of the year for a fee slightly north of £200,000. This afternoon it is also the venue for the FOTA team owners meeting at 2pm. They will have to cover a lot of ground quickly as they are due at the Royal Automobile Club at 4pm to meet Max Mosley and Bernie Ecclestone. It’s a good ten minutes from Flav’s boat to the club.

One of my Swiss colleagues has pointed out to me that Ferrari has been in F1 for 60 years, but in that time it has not taken part in every race. Apparently they have missed 27 races mostly due to strikes and industrial action in the 1960s. But the funniest bit is that they missed the first ever race, the 1950 British Grand Prix, because they weren’t happy with the start money! So in a way nothing has really changed.

Bernie Ecclestone has come out today to say that Ferrari cannot pull out before 2012 because of the binding agreement they signed in 2005, part of which was the celebrated right of veto. The French court agreed with Ferrari that this was still in place and the flip side of that is that Ferrari is committed to stay for three more seasons.

“We would always respect our contracts,” Ecclestone said. “And all the teams that have signed contracts with us would expect us to respect them, and we would expect the same from Ferrari. They are saying they are going to walk, we are saying we hope they respect their contract.”

As you know, I work now for RAI, the Italian TV station and I was interested to see that the boss of RAI sport, Massimo De Luca, told La Gazzetta dello Sport that if Ferrari wasn’t in the game they would want to review their contract with Ecclestone: “If Ferrari leaves F1, along with other major manufacturers, then I can guarantee you that RAI, along with all the main TV companies, would take legal action to review our contract.”

Meanwhile a spat has broken out between Felipe Massa and Giancarlo Fisichella. The pair got into a bit of a spat on the track yesterday and afterwards Massa criticised Fisi, comparing his unhelpful approach to a footballer who never passes the ball. Fisi replied, “He’s wrong. He ruined my lap on new tyres, he doesn’t own the circuit.”

So you can see, it’s happy families all round here in Monaco.

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