Coronavirus crisis has shown F1 heavyweights what life is like at the back of the grid as revenue dries up


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If the coronavirus can be thanked for anything, it is that it has forced F1 team bosses to accept the need for radical change.

Although painstaking talks have been going on for years, there is nothing like the faint whiff of doom to bring about a sudden mood of compromise.

Even the richest, most entrenched, self-absorbed leaders (and there are a few of those in F1) have been pushed into a reckoning they could never have imagined a few years ago.

No races and no income for several months has meant their reality had become a devastating stasis, quickly emptying bank accounts and a sight of what might be.

So it was that in the last few days the 10 team owners signed up to a radically new Concorde Agreement which should mean closer, better and cheaper racing for the teams.

The agreement underpins everything from technical and sporting regulations to the way the billions it generates are dished out.

As you might imagine of a modern sport, much of the discussion had been about a fairer distribution of the enormous global income. The dreaded d-day for fat cats who don’t want to share.

The reality is that F1’s traditional model just didn’t work.

The richest teams win, the winning gives them a huge slice of the prize money. With more money they go faster and win even more. And so the cycle continues.

It was a model built around an age in which a championship could have been had for $50 million (Dh183m).

It was anchored in the ethos of 'greed is good'. That worked when technology was relatively non-existent and computers in their infancy.

Forty years later budgets are out of control. There are exotic materials, unimagined technologies and power sources, computer analysis and round-the-clock 3d printing so an engineer’s horizon is limited only by the hours in the day – and the depth of his team’s pocket.

Mercedes and Ferrari spend around $450m a year, Red Bull $340m, McLaren $270m. Williams £160m (Dh774m).

The system created a high speed feudal society where the rich got richer – three teams have done all the winning for the last seven years – and the ‘poor’ just had to suck it up.

At the tail end of the grid it was a case of diminishing returns; less competitiveness usually resulting in an all too predictable spiral of death as sponsors deserted them.

The recent sale of Williams to American financiers demonstrated the pernicious nature of F1’s escalating financial arms race.

Few are as passionate or knowledgeable as Sir Frank William and Patrick Head. And yet in 2019 they found themselves spending more than twice that used to win championships and the return was just one single championship point. A ruinous rate of return.

Top teams in F1 have budgets over $300 million. Getty
Top teams in F1 have budgets over $300 million. Getty

The reality is that F1 had run into its old truth: the conflict between the perennial presence, the teams, and giant transient operations like Mercedes, Renault, Honda who come and go as promotional campaigns and budgets dictate.

They have always waded in, all guns blazing, and then quit when it suited them, leaving chaos.

Enter ambitious new owners Liberty Media followed by a shocking dose of reality supplied by Covid-19.

Even Ferrari and Mercedes, with 1,000 staff, and vast corporate backing got a stiff dose of what it was like to be Williams or Haas in a world of relatively no income.

So last week, the Mont Blancs came out and the final piece of the jigsaw fell into place.

Long-debated rules will limit budgets to $145m from 2021 and have been instrumental in heading off the departure of the sport’s only American operation, Haas, and the collapse of Williams.

Of course the figures do not include the salaries of the drivers and three leading management figures: an amount that could easily top $100m.

And there is also the question of how effective the FIA can regulate the new financial limits.

But most exciting of all are the changing car design rules from 2022 in which slower teams will be allowed up to two-thirds more aero development time than the champions to even out the playing field.

And new aerodynamic rules should mean closer duels and the hope is that the holy grail of racing is in sight: driver talent will once again rule.

If anyone questions the need for change they only need to peruse the results of the last seven years. One team has won every championship and taken four of every five wins in 127 races.

Unpredictability is what pulls in the fans. Such statistics shame the sport and the people who run it.

Tragic as it has been, the Covid-19 pandemic has changed the world. And hopefully F1’s fat cats, frightened from their high tower torpor, have paused long enough from counting the cash to grasp a moment in history and deliver changes decades overdue. Time will tell.

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Name: Kumulus Water
 
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Chelsea v Manchester United, Monday, 11.30pm (UAE), BeIN Sports

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Date of birth September 19, 1990

Place of birth Bury, United Kingdom

Age 26

Height 1.74 metres

Nationality England

Position Right-back

Foot Right

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MATCH INFO

What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)

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What is myofascial pain syndrome?

Myofascial pain syndrome refers to pain and inflammation in the body’s soft tissue. MPS is a chronic condition that affects the fascia (­connective tissue that covers the muscles, which develops knots, also known as trigger points).

What are trigger points?

Trigger points are irritable knots in the soft ­tissue that covers muscle tissue. Through injury or overuse, muscle fibres contract as a reactive and protective measure, creating tension in the form of hard and, palpable nodules. Overuse and ­sustained posture are the main culprits in developing ­trigger points.

What is myofascial or trigger-point release?

Releasing these nodules requires a hands-on technique that involves applying gentle ­sustained pressure to release muscular shortness and tightness. This eliminates restrictions in ­connective tissue in orderto restore motion and alleviate pain. ­Therapy balls have proven effective at causing enough commotion in the tissue, prompting the release of these hard knots.

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Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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Skewed figures

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Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
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  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket

Simran

Director Hansal Mehta

Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey

Three stars

If you go

The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at. 
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.   

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

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When Umm Kulthum performed in Abu Dhabi

  

 

 

 

Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.

 
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Engine: 51.5kW electric motor

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  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

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Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

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UAE currency: the story behind the money in your pockets
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Directed by: Stefano Sollima

Starring: Michael B Jordan

4/5

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now