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.

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News Network
June 23,2020

Karachi, Jun 23: Pakistan cricketers Shadab Khan, Haris Rauf and rookie Haider Ali on Monday tested positive for the novel coronavirus.

"The Pakistan Cricket Board has confirmed three players - Haider Ali, Haris Rauf and Shadab Khan - have tested positive for Covid-19," said the PCB in a statement.

"The players had shown no symptoms until they were tested in Rawalpindi on Sunday ahead of the Pakistan men's national cricket team's tour to England."

The infected players will go into self-isolation.

"The PCB medical panel is in contact with the three who have been advised to immediately go into self-isolation," the statement said.

Earlier this month, former Pakistan captain Shahid Afridi was tested positive for the deadly virus.

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News Network
May 14,2020

New Delhi, May 14: Mahendra Singh Dhoni is an unconventional and unique leader, whose biggest strength is his incredible gut feeling, says his Chennai Super Kings teammate Faf du Plessis.

The former South Africa skipper has spent considerable time with Dhoni after joining the Indian Premier League (IPL) side in 2011 and has been an integral part of its successful journey.

"He reads the others player really well and he uses that to make instinctive decisions on the field. He's got an incredible gut feeling on the game and I think that's his biggest strength," du Plessis said in a Facebook live session with Bangladesh ODI skipper Tamim Iqbal.

The 35-year-old said Dhoni changed his perception of how a captain should be.

"It was amazing for me to see how different M S was as a captain. I used to think a captain must speak all the time in team meetings etc but M S was completely different.

"He doesn't believe a lot in team meetings. He's a very instinctive captain he's got such a good cricket brain that he relies on it to make the right decisions on the field," du Plessis said of former India skipper.

Dhoni last played for India in World Cup semifinal last year and was expected to be back to playing competitive cricket at now-postponed IPL.

Calling Dhoni the best finisher he has played with, Du Plessis said no one can emulate what the dasher from Ranchi can do with the bat.

"He's extremely calm. I haven't played with someone who is a better finisher than him. It's just remarkable to watch him from the side of the field."

"If someone else tries to do it like him they won't be able to. He's just so unique like he times the ball so late he's got an incredible calmness. He knows his game and he picks a bowler and goes for it."

Du Plessis said that playing for CSK alongside Dhoni and under the guidance head coach Stephen Fleming has taught him a lot about leadership.

"I'm lucky to have started my journey there at CSK because I have really learned a lot from a leadership point of view. I tried to learn as much as possible from Dhoni and Stephen Fleming because both are great captains."

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News Network
April 21,2020

New Delhi, Apr 21: India skipper Virat Kohli on Tuesday said people seem to have become more compassionate while coping with the COVID-19 pandemic and hoped the sense of gratitude towards frontline workers like doctors and police personnel remains even after the crisis is over.

Speaking in an online class organised by "Unacademy", Kohli and his actor wife Anushka Sharma spoke at length about the challenges they faced before tasting success.

"The one positive out of this crisis that we as a society have become more compassionate. We are showing more gratitude to the frontline workers in this war, be it police personnel, doctors or nurses.

"I hope it stays this way even after we overcome this crisis," said Kohli with Sharma seated next to her.

Kohli said the pandemic has taught the world a very important lesson.

"Life is unpredictable. So, do what makes you happy and not get into comparisons all the time. People have a choice now how to come out of this phase. Life is going to be different after this," said the skipper.

For Sharma, the pandemic has forced people to care about the basics in life.

"There is a learning in all of this. Nothing happens without a reason. If the frontline workers were not there, we would not have access to basics," she said..

"This has taught us that no one is special than the other. Health is everything. We are more connected as a society now," she added.

During the session, Kohli was asked about the moment when he felt most helpless.

"I felt nothing was working for me when I was not picked for the state team initially. I cried the whole night and asked my coach 'why did I not get selected'?" he responded.

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