Cost of success: F1 giants are also biggest spenders

Agencies
March 12, 2019

Paris, Mar 12: Mercedes, Ferrari and Red Bull were the three most successful teams in the Formula One world championship in 2018, spending more money that the other seven teams combined.

According to journalist Dieter Rencken, who each year collates the financial figures for Racefans.net, the cost of keeping two cars on track in the championship is around 100 million euros.

Worried by spiralling costs, F1 will impose a budget ceiling of $150 million from 2021.

Team budgets in 2018:

1. Ferrari (2nd in constructors championship)

-- $410 million (361 million euros) total 950 employees + 480 in engine department.

Receives the largest part of the sport's commercial revenues redistributed by F1 on account of the team's historic status in the sport. Backed also by cigarette manufacturers Philip Morris via their "Mission Winnow" project.

2. Mercedes (1st)

-- $400 million (352 million euros) total 950 employees + 500 in engine department.

Daimler-Benz's F1 activities are split into two -- Mercedes GP for race operations and the powertrains, operating independently.

3. Red Bull (3rd)

-- $310 million (272 million euros) 860 employees.

Should benefit in 2019 from sister team Toro Rosso and common engine supplier Honda.

4. McLaren (6th)

-- $220 million (194 million euros) 760 employees.

Supported by Middle East investors but despite losing Fernando Alonso for the new season, will benefit from various new sponsors one of which is British American Tobacco through their project "A better tomorrow".

5. Renault (4th)

-- $190 million (167 million euros) 680 employees + 300 in engine department.

Strategic partnership of Renault-Nissan-Mitsubishi but overshadowed by the Carlos Ghosn affair.

6. Williams (10th)

-- $150 million (132 million euros) 630 employees.

Lost title sponsor Martini for the season to be replaced by telecommunications company ROKiT. With the support also of Canadian multi-millionaire businessman Lawrence Stroll -- the father of driver Lance Stroll.

6. Toro Rosso (9th)

-- $150 million (132 million euros) 460 employees.

Should benefit in 2019 from its sister team Red Bull and common engine supplier Honda.

8. Alfa Romeo Racing (ex-Sauber) (8th)

-- $135 million (119 million euros) 400 employees.

Benefitted since 2018 by a Ferrari engine deal and now boasts support of Alfa Romeo 9.

9) Haas (5th)

-- $130 million (115 million euros) 250 employees.

Will benefit in 2019 from a title sponsor, energy drinks manufacturer Rich Energy

10. Racing Point (ex-Force India) (7th)

-- $120 million (105 million euros) 405 employees.

Will benefit in 2019 from new title sponsor, internet sports betting site SportPesa.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
February 12,2020

Mumbai, Feb 12: Former Indian greats Kapil Dev and Mohammad Azharuddin have been left disappointed by the behaviour of the Under-19 team after the World Cup final where they were involved in an altercation with their Bangladeshi counterparts.

After Bangladesh won the final beating India by three wickets (via DLS) at the Senwes Park on Sunday, the players of the two teams were seen engaging in an exchange of words and even some pushing and shoving on the field.

"I would like to see the board (BCCI) take some strict action against the players to set an example. Cricket is not about abusing the opponent. I am sure there is enough reason for these youngsters to be dealt with firmly by BCCI," Kapil was quoted as saying by The Hindu.

"I welcome aggression, nothing wrong in it. But it has to be controlled aggression. You can't cross the line of decency in the name of being competitive. I would say it was unacceptable that youngsters put up such an obnoxious display on the cricket field," he added.

The International Cricket Council (ICC) has sanctioned five players, including three from Bangladesh -- Towhid Hridoy, Shamim Hossain and Rakibul Hasan --and two from India --Akash Singh and Ravi Bishnoi for the scuffle.

Azharuddin also reiterated what Kapil said, insisting that players need to be disciplined.

"I would take action against the errant Under 19 players, but I also want to know what role has the support staff played in educating these youngsters. Act now before it is too late. The players have to be disciplined," Azharuddin said.

Earlier, Bishan Singh Bedi has lashed out at the Priyam Garg-led team, saying their behaviour was disgusting and disgraceful.

"You bat, bowl and field badly�happens, but there's no excuse for behaving badly. The behaviour was disgusting and most disgraceful. The innocence of that age was not visible at all," Bedi told Mid Day.

Bedi, who represented India in 67 Tests and 10 ODIs, said the behaviour of the Bangladesh cricketers is not our problem.

"Look, what Bangladesh do is their problem, what our boys do is our problem. You could see that there was abusive language used," he said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 6,2020

Jan 6: Former India opener Kris Srikkanth on Sunday said he would prefer K L Rahul over Shikhar Dhawan in the T20 World Cup later this year.

Former India opener Kris Srikkanth on Sunday said he would prefer K L Rahul over Shikhar Dhawan in the T20 World Cup later this year.

Dhawan is returning to international cricket after a long gap. During the senior left-handed batsman's absence, Rahul has emerged as one of the top contenders for the opener's slot in limited-overs cricket.

"Runs against SL (Sri Lanka) don't count. If I was chairman of selectors, I won't pick Dhawan in the T20 WC squad. There is no competition between him and Rahul. Only one winner," Srikkanth said on Star Sports.

Before the series, the 34-year-old Dhawan said that he is looking forward to a "new start" in a new year and wants to win the World Cup for India.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
July 8,2020

Kolkata, Jul 8: Legendary Indian batsman Sachin Tendulkar led the wishes for former India captain and current President of the Board of Control for Cricket India (BCCI) Sourav Ganguly who turned 48 on Wednesday.

Touted to be one of the best captains the country has ever produced, Ganguly is widely credited for making India an aggressive side and instilling belief in the team that they could win overseas conditions as well.

Happy birthday Dadi!
Hope our off-field partnership keeps going strong like our on-field ones. Wish you a blessed year ahead. pic.twitter.com/jOmq9XN07w

— Sachin Tendulkar (@sachin_rt) July 8, 2020
Tendulkar was among the first ones to extend birthday wishes to his former opening partner. "Happy birthday Dadi! Hope our off-field partnership keeps going strong like our on-field ones. Wish you a blessed year ahead," Tendulkar said on Twitter.

"Many more happy returns of the day Sourav Ganguly. May you taste ever more success and receive more and more love. Have a great day and year ahead #HappyBirthdayDada," said renowned Indian batsman VVS Laxman.

Many more happy returns of the day @SGanguly99 . May you taste ever more success and receive more and more love. Have a great day and year ahead #HappyBirthdayDada pic.twitter.com/j53UUDerJE

— VVS Laxman (@VVSLaxman281) July 8, 2020
Former cricketer Mohammad Kaif wrote: "From a fine batsman to an outstanding captain & now leading Indian cricket on the whole—here's wishing my favourite captain & mentor Sourav Ganguly a very happy birthday. But FAULADI SEENA dikha ke aise kaun chadhta hai (who climbs up like this after showing a chest of steel), Dada #HappyBirthdayDada."

From a fine batsman to an outstanding captain & now leading Indian cricket on the whole—here’s wishing my favourite captain & mentor @SGanguly99 a very happy birthday. But FAULADI SEENA dikha ke aise kaun chadhta hai, Dada #HappyBirthdayDada pic.twitter.com/8PKZ3RwwtB

— Mohammad Kaif (@MohammadKaif) July 8, 2020
"Wishing a very happy birthday to the most dynamic and visionary captain of his time. It's a matter of immense pleasure to work with the man who took Indian cricket to new heights. Subho Janmodin Sourav Ganguly," tweeted BCCI Secretary Jay Shah.

"Leader of Men. God of off-side. Fighter. Happy Birthday, Dada. #HappyBirthdayDada," said commentator and former cricketer Aakash Chopra.

Leader of Men.
God of off-side.
Fighter.
Happy Birthday, Dada. #HappyBirthdayDada pic.twitter.com/PJcy0xwgyb

— Aakash Chopra (@cricketaakash) July 8, 2020
"Happy birthday dada! From a great captain to a brilliant administrator, you have donned them magnificently. Hope you continue your good work for the betterment of Indian cricket... Godspeed. Sourav Ganguly #HappyBirthdayDada," tweeted another former cricketer Pragyan Ojha.

Putting out various important achievements of Ganguly, the International Cricket Council (ICC) on their official Twitter handle wrote: "Third-fastest to 10,000 ODI runs. Holds the record for the highest individual score in CWC for India. 2003 ICC World Cup runner-up. Captained India to 11 wins in 28 overseas Tests. Happy birthday to one of India's most successful captains, Sourav Ganguly."

Ganguly played 113 Tests and 311 One Day Internationals in which he scored 7,212 and 11,363 runs respectively.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.