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
April 30,2020

New Delhi, Apr 30: India and Delhi Capitals batsman Ajinkya Rahane won't mind playing the IPL in empty stadiums if it ensures the safety of the fans.

Speaking in an Instagram Live session arranged by Delhi Capitals, Rahane said: "COVID-19 pandemic has taught everyone that unexpected things can happen, therefore we need to be happy about what we are doing, and should value what we have.

"As for IPL or any other sport, I feel it could be played without spectators. All of us have played domestic cricket in almost empty stadiums, so that’s an experience all cricketers are used to."

"Of course we are nothing without our fans, and that’s why their safety is of utmost importance. Even if they get to watch some Live action from home, I am sure that will be an enjoyable experience as well. The safety of fans is key, and if we need to play in empty stadiums for that, we are open to do it,” Rahane said. IPL 2020 has been indefinitely postponed due the COVID-19 pandemic but there is a possibility that it is played behind closed doors in September.

Speaking on how he has been spending time during the nationwide lockdown, India's Test specialist said he is enjoying bonding with his wife and daughter.

"I'm trying to be as positive as possible during this lockdown, and staying at home with my wife and daughter. It's given me an opportunity to bond with them, and I am also able to help my wife in cooking and cleaning.

"I'm also trying to revive my karate skills, something that I pursued as a child. It definitely helps me in maintaining my agility and fitness, and I am enjoying it a lot," said the 31-year-old.

The experienced middle-order batsman was bought by Delhi Capitals last year before the IPL Auction, and says he is really excited about playing for the franchise.

"It is something I've really been eager about, and it has stemmed in because of the things I've heard about the team from the likes of Ishant, Shikhar, and Shreyas. They’ve told me that it's like a huge family where everyone is always backing each other, and enjoying each other's successes," he said.

Talking about his excitement on playing under head coach Ricky Ponting, Rahane said he has always admired the Australian legend.

"My idols growing up were definitely Rahul Sir and Sachin Sir, but I've always admired Ricky Sir also. I used to try to copy his batting and fielding styles. And therefore, I'm really looking forward to working under him. I'm sure he will help me immensely in my batting as well as overall leadership,” said the former captain of Rajasthan Royals.

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News Network
January 2,2020

New Delhi, Jan 2: On the first day of the New Year 2020, Hardik Pandya announced his engagement with Serbian actor Natasa Stankovic.

The cricketer took to Instagram to share a photo with the actor and captioned the post: "Mai tera, Tu meri jaane, saara Hindustan. 01.01.2020 #engaged".

The 26-year-old shared three pictures and a short clip on the social media platform. In one photo, Stankovic can be seen flaunting her ring.

The couple got engaged in Dubai and were seen taking a ferry ride along with close friends.

On work front, Stankovic was last seen in a song from Bollywood movie The Body starring Emraan Hashmi and Rishi Kapoor. She had also made it to the finals of the TV show Nach Baliye with her ex-boyfriend Aly Goni.

Stankovic first became a household name after appearing as a contestant on famous reality show 'Bigg Boss 8'.

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News Network
June 13,2020

Mumbai, Jun 13: Vasant Raiji, who was India's oldest first-class cricketer at 100, died in Mumbai in the wee hours of Saturday.

Raiji was 100 years old and is survived by his wife and two daughters.

"He (Raiji) passed away at 2.20 am in his sleep at his residence in Walkeshwar in South Mumbai due to old-age," his son-in-law Sudarshan Nanavati told PTI.

Raiji, a right-handed batsman, played nine first-class matches in the 1940s, scoring 277 runs with 68 being his highest score.

He made his debut for a Cricket Club of India team that played Central Provinces and Berar in Nagpur in 1939.

His Mumbai debut happened in 1941 when the team played Western India under the leadership of Vijay Merchant.

Raiji, also a cricket historian and chartered accountant, was 13 when India played its first Test match at the Bombay Gymkhana in South Mumbai.

Cricket icon Sachin Tendulkar and former Australian skipper Steve Waugh had paid a courtesy visit to Raiji at his residence in January when he had turned 100.

It has been learnt that the cremation will take place at the Chandanwadi crematorium in South Mumbai on Saturday afternoon.

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