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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Agencies
January 23,2020

Aurangabad, Jan 23: An FIR has been registered against three people including former cricketer Mohammed Azharuddin for allegedly duping a travel agent, Mohammad Shadab, of more than Rs 20 lakh.

However, Mohammad Azharuddin has refuted allegations and said: "I strongly rubbish the false FIR filed against me in Aurangabad. I am consulting my legal team and would be taking action as necessary."

Azharuddin's personal assistant Mujeeb lives in Augurangabad and has good relations with the travel agency of Shadab.

The travel agent alleged that Mujeeb asked him to book some flight tickets but did not pay the amount.

The police have booked the three under Section 406, 420 and 34 of the Indian Penal Code.

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News Network
July 2,2020

Jul 2: Cricket's biggest names, most of whom could hear only stories of Sir Everton Weekes' exploits from the bygone era, on Thursday remembered the "great" batsman and a "greater human being" in glowing tributes after he died aged 95.

Weekes, who formed the famous three 'Ws' of West Indies cricket alongside Clyde Walcott and Frank Worrell as part of a formidable batting lineup for more than a decade, died on Wednesday.

His death left the cricket world in a state of mourning.

"As one of the remarkable 'Three Ws', along with Sir Clyde Walcott and Sir Frank Worrell, who together struck 39 Test centuries, he played an important hand in a period that marked the rising dominance of West Indies cricket," the ICC said in its obit.

The 1925 Barbados-born Weekes made his Test debut against England in 1948.

"On behalf of CWI I want to publicly express our deepest sympathy to the family of this remarkable Iconic sportsman and gentleman, who passed away earlier today," Cricket West Indies president Ricky Skerritt said in a release.

"I never had the opportunity to see Sir Everton bat, but I had the opportunity to get to know him a little in his later years. I learned about his incredible career by reading about him and looking at old videos when I could.

"His performance stats were excellent as he set tremendously high standards for his time."

In his career, Weekes played 48 Test matches and made 4,455 runs at an average of 58.61 per innings. That included a world-record five consecutive centuries in 1948 — scores of 141 against England in Jamaica, followed by knocks of 128, 194, 162 and 101 in India. In his next innings in Madras, he made 90 when he was controversially run out.

Skerritt added, "... Sir Everton was, therefore, a most amazing pioneer in West Indies cricket; a gentleman and quite simply a wonderful human being."

The modern-day cricketers also mourned his death and paid moving tributes.

Former India captain Anil Kumble tweeted, "Saddened to hear about the passing of WI legend Sir. Everton Weekes. Had met him during the ICC conference in Barbados. He remembered a conversation we had during his time as a match referee. Condolences to his family and friends."

Kumble's former India teammate VVS Laxman wrote, "Heard about the passing away of West Indies legend, Sir Everton Weekes. He was one of the greats of the game. My condolences to his family and loved ones."

Mike Atherton, the opener who led England in the 1990s, was also disappointed to know of the legend's passing away.

"Very sad to learn of the passing of Sir Everton Weekes. A humble man who wore his greatness lightly."

Former West Indies pacer Ian Bishop said, "I had the great privilege of spending time in the company of Sir Everton on several occasions over the past 2 decades. Never once did I leave his presence without feeling a sense (of) warmth, cheerfulness & having learnt something rich & endearing each time. A truly great human being. The Marylebone Cricket Club said in a statement: "Everyone at MCC and Lord's are saddened at the news of Sir Everton Weekes' passing,"

"He will forever be remembered as one of the West Indies' finest cricketers."

Former India player and current coach Ravi Shastri said, "Saddened by passing away of Sir Everton Weekes who was the last of the famous 'Three Ws'. A true humble great of the game. My thoughts and prayers are with Sir Weekes' family and fans in this hour of grief. RIP Sir Folded hands."

All three -- Walcott and Worrell, Weekes -- were born within a couple of miles of one another - within 18 months in Barbados between August 1924 and January 1926, and all made their Test debuts within three weeks in early 1948.

Worrell died in 1967 and Walcott in 2006.

Weekes' average of 58.61 runs places him along with George Headley in the top 10 Test averages of all time.

Darren Sammy, who captained West Indies few years ago, took to Twitter and wrote, "We lost a legend today. Sir Everton Weekes is part of @windiescricket great history and legacy. He also was a great human being. Condolences goes out to his family. May he Rest In Peace."

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News Network
May 30,2020

New Delhi, May 30: Former world chess champion Viswanathan Anand will be finally reaching India late on Saturday after being stuck in Germany for over three months due to the travel restrictions imposed in the wake of the COVID-19 pandemic.

"Yes.. Anand will be returning today," the chess maestro's wife Aruna told PTI on Saturday morning. Anand, who boarded an Air India flight (AI-120) from Frankfurt on Friday night will reach Bengaluru via Delhi.

He is expected to reach Bengaluru at 1.15 pm. The five-time world champion will undergo 14 days quarantine as per rules laid down by the Karnataka government.

"He will complete quarantine procedures and come to Chennai as per protocol," Aruna Anand said. The flights from Germany are only scheduled to land only in Delhi and Bengaluru.

The chess ace was in Germany to play in the Bundesliga chess league and was to return to India, but was forced to stay put after the COVID-19 outbreak disrupted sporting schedules across the globe, apart from restricting movement.

He was staying near Frankfurt and was doing online commentary for the Candidates tournament which was called off mid-way due to the pandemic and led the Indian team in the Online Nations Cup early this month.

Anand had been in touch with his family in Chennai on a regular basis via video calls and kept himself busy with chess-related work.

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