Michael Schumacher has been pipped at the post in the race to be the world’s richest sportsman.

According to the Sunday Times’ annual listings, the seven time world champion’s (US) $823 million in career earnings is beaten only by golf legend Tiger Woods.

American Woods has earned $869 million in his own ultra-successful career, the newspaper found.

And the Sunday Times said the pair have each earned hundreds of millions of dollars more than other high-earning sportsmen, including Michael Jordan ($516m), Roger Federer ($316m) and David Beckham ($258m).

F1′s two other representatives, Fernando Alonso and Kimi Raikkonen, were way down the top-twenty list, with their respective earnings at about $161 million apiece.

McLaren’s world champions Lewis Hamilton ($89m) and Jenson Button ($85m), meanwhile, appear only on the list for British sportsmen, and they are both outpaced by the $129m earned by former Ferrari driver Eddie Irvine mainly through property investment.

However, Hamilton and Button have each earned more in their careers than David Coulthard, Nigel Mansell, former BAR boss David Richards (all $80m) and Sir Jackie Stewart ($67m).

Those earnings, however, are all dwarfed by Bernie Ecclestone’s estimated $4 billion, although the 81-year-old F1 chief executive does not appear at all on the list of the world’s richest overall.

That list is headed by mega-earners like Sauber sponsor Carlos Slim, who according to the Sunday Times is worth $71 billion.

Transportes Azkar S.A., an international integrated logistics operator with its headquarters in Spain, and HRT Formula 1 Team have signed a collaboration agreement for the renowned logistics operator to become a collaborator of the renewed team, joining as an Official Supplier for the 2012 season.

With a fleet of three trucks that cover more than 16,000 kilometres on the road to European Grands Prix and that transfer cars and material to the airport, HRT F1 Team’s transport needs are very demanding. Therefore, having a first class national partner, such as Azkar, was a fundamental objective.

Alfonso Hostaled, Azkar CEO: “At Azkar we back sports and national companies that wish to open up overseas and that is why HRT’s project as a Spanish team fits in perfectly with our market strategy. Azkar puts at the disposal of HRT logistics services that meet the challenging demands of Formula 1. On another note, through this association, we look to bring our clients closer to this thrilling sport”.

Luis Pérez-Sala, Team Principal HRT F1 Team: “As a part of the team’s renovation process, we are working on many fronts, all of them being important. There are many aspects besides the car and staff, such as telecommunications and logistics, which are vital for a team to function properly in such a demanding world as is Formula 1. We want to count with first class national partners for this. Azkar is the standout logistics operator and we are very proud to have them as collaborators. In a paddock which is crammed with German and English trucks, to find Spanish trucks aswell is proof that there are national companies with the same capacity as any other company to perform at this demanding level”.

- Ends -

ABOUT AZKAR

AZKAR puts at the disposal of its clients a potent international network for the management of importing and exporting goods, from and to any part of the world. Specifically, in the Iberian peninsula and islands, the company has 87 facilities, with more than 500,000m² built over more than 1 million m²of terrain, a team made up of 5,000 professionals and a fleet of 2,700 trucks.

via: HRT

Hugo Boss is getting some of the best value for money as a formula one sponsor, a leading sponsorship consultancy firm has found.

The evaluation by Cologne based Sport Und Markt compared brand awareness versus the amount spent by F1 sponsors in 2010.

The result showed that fashion brand Hugo Boss, a long-time McLaren sponsor, had among the most efficient investments in F1, reaching 4.9 million people for its $3.1 million annual spend.

The very best however was Hewlett-Packard, reaching 6.6 million people by spending just $1.5 million for its minor Renault branding.

Allianz comes in at 11th place, Puma 14th and Mercedes-Benz far behind in 23rd, because each person reached cost the German marque a considerable $4.78.

Also struggling for sponsorship efficiency is DHL, one of F1′s official partners, ranking 32nd with its $10 million annually buying recognition among only 300,000 people.

A spokeswoman insisted to German business newspaper Handelsblatt: “This long-term partnership is for us one of the most powerful marketing platforms.”

The other major race at Montreal’s Circuit Gilles Villeneuve is in danger of being scrapped.

In addition to hosting the grand prix, Montreal is the only Canadian stop on the NASCAR schedule.

But AP reports that the Quebec government turned down a request for $1 million in support to offset the event’s expected $1.6m loss.

“Efforts were made,” Montreal mayor Gerald Tremblay said. “It’s unfortunate, but maybe there will be other events in the future.”

Promoter Francois Dumontier is quoted by CTV Montreal: “We were shocked when we learned about it (the decision).”

Famous F1 team Williams is teaming with British carmaker Jaguar to create a $1 million hybrid supercar.

Jaguar, wholly owned by India’s Tata Motors, said the C-X75 will reach 200 miles per hour with “incredibly low C02 emissions”.

Williams has been appointed for its “engineering expertise in areas including aerodynamics, carbon composite manufacture and hybrid technologies”, according to a media statement.

“Williams has always considered itself an engineering company and so this project will allow us to combine our technical expertise to create something truly exceptional,” said Sir Frank Williams.

Force India has played down reports the team’s assets might be seized while it is at Monza for the Italian grand prix next month.

A legal spat between the Silverstone based team and an Italian wind tunnel company has resulted in Force India being ordered to pay more than EUR 1 million to Aerolab.

Aerolab said in a statement last week that Force India’s presence at Monza next month “could trigger further exchanges of action between the two parties”.

But a Force India spokeswoman has played down the prospect of the team’s assets being seized due to non-payment of the High Court judgement.

She said there is a separate action involving the alleged use of Force India’s intellectual property, because Aerolab used a disputed wind tunnel model as the basis of Lotus’ 2010 car.

“The court determined the two cases should be considered separately and ordered Force India to release the EUR 1,074,000 lodged with the court and also pay associated costs,” the spokeswoman is quoted by Reuters.

“Force India is in the process of complying with the court’s instructions and actively progressing the IP litigation,” she added.

Fernando Alonso is by far the highest paid active grand prix driver, according to reports in the Spanish press.

The El Mundo report, citing information from Business Book GP, compiled a list showing that Alonso’s annual Ferrari retainer – excluding external endorsements – is EUR 30 million.

That is almost double the next largest retainer, owned by 2008 world champion Lewis Hamilton, at 16 million, although it is believed Kimi Raikkonen is being paid a similar amount this year due to Ferrari’s breach of contract.

Felipe Massa comes in at third with 14m, meaning the Brazilian is paid less than half the income of his Ferrari teammate.

Reigning world champion Jenson Button is reportedly paid EUR 9 million; significantly less than his McLaren teammate, but more than seven time world champion Michael Schumacher (8m).

Mercedes also pays Nico Rosberg EUR 8 million, which is marginally more than Robert Kubica’s 7.5m.

Interestingly, Rubens Barrichello (5.5m) earns more than Mark Webber (4.2m), but Sebastian Vettel’s 2010 retainer is reportedly just 2 million.

According to the list, Red Bull’s Vettel is therefore paid less than Lotus driver Jarno Trulli (3m), and approximately the same as Trulli’s teammate Heikki Kovalainen.

Timo Glock earns 1 million by driving for Virgin; more than the EUR 700,000 reportedly paid to Williams rookie Nico Hulkenberg.

Also earning less than 1 million are the Sauber drivers (500,000 each), Vitaly Petrov, Jaime Alguersuari and Sebastien Buemi (400,000), and the Force India drivers and Lucas di Grassi (200,000).

Bruno Senna is reportedly the lowest paid active driver, with a 150,000 retainer; 200 times less than Alonso.

Magneti Marelli is reportedly offering a KERS system to formula one teams for a price of US $1 million per season.

The Sesto San Giovanni-based company is a Fiat subsidiary and electronics specialist that was involved with Ferrari’s energy-recovery technology deployed in formula one last year.

It has already been reported that Ferrari-powered Sauber is considering using a Magneti Marelli system next year, as is Red Bull, whose engine supplier Renault also turned to the Italian company for its KERS in 2009.

Autosprint reports that Toro Rosso, also powered by Ferrari, could also use a Magneti Marelli KERS in 2011, as well as the new teams Virgin, Lotus and HRT.

Sauber has not decided whether or not to run KERS in 2011.

With the car weight limit increasing next year and the weight distribution to be fixed, Force India’s chief operating officer Otmar Szafnauer said this week that there is “no other option” than to use the energy recovery technology.

But Germany’s Auto Motor und Sport had said that while the bigger teams are all planning to go with KERS, the new teams are almost certainly not.

And the publication said it is not clear if middle of the grid teams like Sauber and Toro Rosso will use KERS next year.

Hinwil based Sauber is still developing the C29, but work has also begun on the team’s 2011 car.

But technical director James Key said the KERS decision has not yet been taken. “It is certainly a possibility,” he said, “but we are still weighing it up and will decide later on.”

Team boss Peter Sauber said recently that Sauber will definitely not be using the system developed and raced in 2009 by former owner BMW because it is “air-cooled with far too many disadvantages”.

If Sauber was to opt for KERS in 2011, it is believed the team would buy a Magneti Marelli system for 1 million euros through customer engine supplier Ferrari.

Force India has become the latest team to commit to using KERS in 2011.

When the energy-recovery systems were first permitted by the technical regulations last year, the Silverstone based team opted not to use the technology.

But for 2011, the FOTA gentleman’s ban on the systems will lapse, and the efficiency of KERS will improve due to the increase in the minimum car/driver weight by 20kg.

Moreover, the interaction of KERS with the car’s weight distribution will also be negated in 2011, due to the introduction of a mandatory 46:54 ratio.

“There is no other option than to go with KERS,” Force India’s chief operating officer Otmar Szafnauer is quoted by Auto Motor und Sport.

However, Auto Motor und Sport said it is not clear if independent teams Sauber and Toro Rosso will use KERS next year, adding that all three new teams will probably not race the systems.

Teams not developing their own KERS systems for 2011 will be able to buy a supply for 1 million euros, while a 5 million euro per team development cap applies.

Jun.7 (GMM)  Pirelli has won the race to become F1′s new sole tyre supplier beginning in 2011.

The same news was reported by multiple sources prior to the Turkish grand prix, but Michelin then made a last-ditch attempt to woo the teams by calling a meeting in the paddock of the Istanbul Park circuit.

Once again, after yet another non-grand prix week of negotiations, it is believed that Milan-based Pirelli has secured the deal.

As was also the case prior to Turkey, it is more than one source within the Italian media that is hinting at the latest development.

The authoritative daily La Gazzetta dello Sport, for one, claims that the finishing touches are being made to a contract that will be signed by the end of the week.

Prior to Turkey, it was reported that the Pirelli deal for 2011-2013 was to cost teams 1 million euros apiece per season, in exchange for identical attention and service and a range of just three compounds: soft, medium and hard.

At least initially, the tyres will be in a similar 13-inch specification to the current Bridgestone product, with a longer-term ambition being a move to a low profile.

It had also been reported that Pirelli, already the supplier of the new GP3 series as well as world rally, is likely to also supply GP2 next year.

Pirelli was last in F1 in 1991.

Italian media sources are reporting that Pirelli will be F1′s sole tyre supplier in 2011 and beyond.

Autosprint and Italiaracing say the Milan-based marque has been selected by the teams and F1 chief executive Bernie Ecclestone to replace the departing control supplier Bridgestone.

Reportedly also in the running had been Michelin as well as minor contenders Avon, Kumho and Hankook.

When asked to nominate his preference, Ferrari president Luca di Montezemolo said this week: “As an Italian I prefer Pirelli, but experience tells me Michelin.

“In the end it will be the same for everyone,” he said in an interview with La Gazzetta dello Sport.

Autosprint said Pirelli will be paid 1 million euros per team per season in 2011, 2012 and 2013, in exchange for identical attention and service and a range of just three compounds: soft, medium and hard.

At least initially, the tyres will be in a similar 13-inch specification to the current Bridgestone product, with a longer-term ambition being a move to a low profile.

The decision is set to be confirmed shortly by the World Motor Sport Council.

Spain’s El Mundo Deportivo reports that Pirelli, already the supplier of the new GP3 series as well as world rally, is also likely to supply GP2 next year.

Pirelli was last in F1 in 1991.
(GMM)

May 4 (GMM)  Jean Todt on Tuesday said the FIA is pushing for the energy-recovery technology KERS to be redeployed in formula one next year.

While the regenerative braking energy systems will surely be part of the sport’s new engine formula for 2013, it has been reported that some teams want KERS back on the grid as soon as next season.

Currently allowed by the technical regulations, the F1 teams group FOTA agreed to voluntarily ban KERS this year after only some teams ran the systems in 2009 with mixed results.

Ferrari, Renault and Williams are at the forefront of the new push to see KERS back in F1 in 2011, and FIA president Todt admitted on Tuesday that the governing body is also “very serious” about the return of the technology as soon as possible.

According to the Associated Press, the Frenchman said on a visit to Spain that KERS is important so that F1 can be “an ambassador to new technologies”.

It is also reported on Tuesday that Flybrid Systems, a British company set up in 2007 by former Renault F1 engineers, has made an offer to FOTA to become an independent supplier of KERS systems in 2011.

Ferrari and Renault have also offered to make available their KERS units to customer teams for 1 million euros, while Williams intends to use its own flywheel-based system.

The matter will be further discussed by FOTA in Barcelona this week.

Apr.29 (GMM) The possibility of bringing KERS back to the formula one grid in 2011 was discussed at a meeting of the FOTA alliance on Wednesday.

Williams’ technical director Sam Michael revealed that Ferrari and Renault have offered to make their existing KERS technology available to other teams for no more than 1 million euros.

“Renault will supply anyone who asks for it on the grid,” the Australian is quoted as saying by the BBC. “Ferrari will supply anyone who is running a Ferrari engine.”

Michael’s comments follow the Grove based team’s announcement that it has upped its stake in its own flywheel KERS company to 78 per cent.

It is believed that if KERS is given the green light to return next year, Williams intends to use its own system.

But Michael said both Ferrari and Renault want their 1 million euro KERS to be much more powerful than the units seen in 2009, otherwise “they are not prepared at this stage to commit”.

Less powerful KERS systems are already allowed by the technical regulations, but FOTA members voluntarily agreed last year not to fit the units in 2010.

Michael said the issue could be finalised by next weekend’s Spanish grand prix.

“I think that by Barcelona, the FOTA executive is due to try and make a decision on KERS for 2011. It’s all pretty split at the moment on that,” he revealed.

(GMM) While F1 personnel devise imaginative routes back to Europe, the harshest impact of the volcanic ash lingering above Europe could fall on Virgin.

With FIA clearance, the new British team has been busily designing a new chassis to accommodate a fuel tank big enough to take its cars to the end of races.

The package, at an estimated development cost of 1 million pounds sterling, was due to debut in Barcelona in three weeks.

But F1’s hundreds of kilos of freight – including the two race cars driven by Lucas di Grassi and Timo Glock in Shanghai – are currently holed up at Shanghai airport while the six 747 jets are stranded back in Europe.

It means the Virgin cars, including a third spare monocoque, might not be returned to the Yorkshire base in time – or at all before being shipped to Barcelona – so they can be modified for the new chassis package.

It is believed Virgin only has a single VR-01 monocoque already at the factory, so it is possible that either di Grassi or Glock could be forced to contest Spain next month with the too-small fuel tank still fitted.

However, given Virgin’s reliability record so far, the drivers are rarely in need of a full tank of fuel. Only in Malaysia did Brazilian rookie di Grassi make it to the chequered flag.

At every other race so far, the 25-year-old has retired, while Glock has not completed a full grand prix distance at all in 2010.