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.

Rubens Barrichello is still refusing to give up on his formula one career.

After a record-setting 19 consecutive seasons on the grid, the 39-year-old Brazilian lost his Williams race seat for 2012 and switched to the premier American open-wheeler series, Indycar.

“I’m enjoying it,” insisted Barrichello to O Estado de S.Paulo newspaper.

“I have been welcomed and the feeling is a much more open one.

“But the fact that I keep active and am competing is, for me, still a way to be seen and to attract the eye of formula one.

“For all that I did in F1, I would be able to go back there,” added the former Ferrari and Honda driver.

Sauber’s ‘teaser’ has done the trick, triggering paddock speculation about its forthcoming major backer.

Last weekend in China, off the back of Sergio Perez’s recent push for victory at Sepang, the small Swiss team ran mysterious ‘Out of the blue’ signage on the C31′s engine cover.

The Blick newspaper said it was a “teaser” for a “big sponsor” that will be “announced in a few weeks”.

So who is it?

Germany’s Auto Motor und Sport relayed paddock rumours hinting that the deal could be with AT-T, the American multinational who last year pulled its title sponsorship of the then-struggling Williams team.

Another paddock whisper is that Sauber’s new deal could be with the Russian billionaire Roman Abramovich, to promote his English premier league club Chelsea.

After Sergio Perez’s surprise push for victory in Malaysia three weeks ago, things are looking bright on the Sauber balance-sheet.

The small Swiss team announced in Shanghai that it is continuing its deal to promote the North American country with colourful ‘Visit Mexico’ signage.

“We can assume that our good results in the first two grands prix have contributed to the renewing of the agreement,” said team boss Peter Sauber.

Not only that, another big deal is on the way, according to the well-connected Swiss publication Blick.

During Friday practice in China, the C31 was bearing mysterious ‘Out of the blue’ signage on the engine cover.

It is a ‘teaser’, the newspaper revealed.

“A big sponsor will be announced in a few weeks,” wrote the veteran correspondent Roger Benoit.

That is good financial news for Sauber, but Perez – who finished second three weeks ago at Sepang – is not getting carried away.

The Mexican was fourth in first practice in China.

“I think we are really realistic as a team,” Perez is quoted by AFP news agency.

“I think in normal conditions this (second place) is not where we belong, we have to be very realistic and our target is still to score as many points as possible.”

Construction of the facilities for the 2013 New York grand prix is speeding ahead.

At the same time, there remain grave doubts about the Texas project, despite the permanent Circuit of the Americas venue being scheduled to host its inaugural US grand prix in November.

The Austin American Statesman newspaper has this week quoted county commissioner Sarah Eckhardt as saying: “It appears they (the organisers) don’t have the cash flow to prepare the site for the event.”

It is a very different story so far at Port Imperial, where the American grand prix will take place mid next year on the streets of West New York and Weehawken, amid the Manhattan skyline.

Wheels.ca published a photo depicting the advanced construction of the pit and garage building, which will reportedly house the F1 teams in June next year.

A respected F1 correspondent is expecting F1′s 2012 calendar to shrink to eighteen races this year.

Livio Oricchio, who writes for Brazil’s O Estado de S.Paulo, thinks the sport is now on the verge of cancelling next weekend’s visit to Bahrain.

And he also thinks November’s US grand prix, scheduled to take place at the brand new Circuit of the Americas in Austin, is in doubt.

“The construction has fallen way behind,” said Oricchio, “and there are serious problems between the promoter and the Texas government.

“Each side is looking to the other on the obligation to pay the fee, estimated at $18 million, to FOM (Formula One Management).

“So the championship that should have 20 races will most likely have only 18,” he concluded.

At least publicly, however, the Circuit of the Americas is continuing to take shape.

This Thursday, a private ceremony is scheduled to take place as circuit contractor Austin Commercial celebrates the milestone of completing the full height of the main three-storey pit building.

The Austin Business Journal reports that “several business and civic leaders are scheduled to attend”.

F1′s Enstone based team will keep the ‘Lotus’ name until at least 2017.

It emerged late last week that the sponsorship agreement between the team formerly known as Renault, and the Proton-owned carmaker Group Lotus, has ended.

But the team will at least keep its new chassis name for the foreseeable future, the French sports daily L’Equipe reveals.

“We are pleased to keep the name,” said team owner Gerard Lopez, “because it’s a great brand for F1.”

Group Lotus confirmed: “The F1 team uses the strength of the Lotus name to promote themselves, and in return Group Lotus benefits from F1 exposure and the ambassadorship of its drivers.”

The carmaker confirmed that the “financial arrangement” between Group Lotus and the F1 team has ended.

L’Equipe said the Genii-owned team is currently in talks with a major North American company about becoming the new title sponsor.

Argentina is close to returning to the formula one calendar, the president of South America’s second-largest country has revealed.
EFE news agency quotes Cristina Fernandez de Kirchner as saying it is likely an Argentine grand prix, last held at the ageing Autodromo Oscar Alfredo Galvez in Buenos Aires in 1998, will take place in November or December 2013.

She said next year’s race would take place on the streets of the coastal city of Mar del Plata.

“For us this is very important,” she said, “because after football, motor racing is the second favourite sport of Argentina.”

Fernandez said the deal would be initially “for three years, in 2013, 2014 and 2015″.

Juan Pablo Montoya has aimed fire at formula one, blasting the look of this year’s cars and insisting he does not regret walking away.
The winner of 7 grands prix left McLaren in the midst of the 2006 season, switching immediately to Nascar.

Still in America’s premier motor racing category and a few pounds heavier than in his F1 days, the now 36-year-old Colombian was asked if he has ever regretted the move.

“Not for a second,” he is quoted by Switzerland’s Motorsport Aktuell.

“Of course I have some fond memories of formula one, but I don’t miss it. I miss some of the people I met there. But the racing? Not at all.”

Montoya admits he still watches some races, but has “very little interest” overall.

“F1 is a joke,” he blasted. “It’s sad they can build cars like that — just look at the new noses.”

Even amid the latest speed-bump, organisers insist they are still on schedule to host Austin’s inaugural US grand prix late this year.
Circuit of the Americas backer Bobby Epstein is being sued by race founder Tavo Hellmund, but he did not want to talk about it whilst giving the Culturemap Austin publication a tour of the construction site.

“I’m not going to do that,” he said.

What he was willing to do was insist that the circuit is pretty much “on schedule” for its mid November grand prix date.

“It’s not so much a question of whether the construction will be complete,” said Epstein. “It’s really a matter of deciding whether to add another shift of workers and get onto a 24 hour schedule.

“We’ll need to do that if we get a lot of rain. If it stays dry, we’ll be fine.”

In an official statement, Circuit of the Americas added: “Our focus remains positive.

“We are creating the most incredible entertainment and racing venue in the world, construction is on schedule and seat license and suite sales are very strong.”

 2012 US grand prix founder Tavo Hellmund is suing the Austin event’s backers.
The latest speed-bump in the Circuit of the Americas project is Hellmund’s lawsuit against Bobby Epstein and Red McCombs, claiming he would have made $500,000 per year as chairman for the next decade.

Hellmund also wants “access to the … books” and “declaration that he cannot be removed as a manager”, the lawsuit claims according to the local Austin American Statesman.

Hellmund did not immediately comment, while Epstein said the former promoter no longer works on the project.

“This is just a latest step in a pattern of behaviour,” said the Circuit of the Americas in a statement.

“Mr Hellmund uses negative press to try and create an advantage for himself at every turn.”

 Rubens Barrichello has finally confirmed reports he will race in America’s premier open wheeler Indycar series in 2012.
After 19 consecutive seasons in formula one, the 39-year-old Brazilian makes the switch with the backing of the sponsor BMC Brasil Maquinas.

AP news agency said Barrichello, a winner of 11 grands prix with Ferrari and Brawn, has signed a one-year contract with the KV team.

“I’m loving the idea I’m going to be a rookie,” he said. “That makes me young, and I’m loving that,” he said.

Barrichello, meanwhile, explained the apparent contradiction of heading into the Indy 500 and other similar events this year having earlier promised his wife he would never race at high speed on dangerous ovals.

“What happened is we were watching an oval race and there was a crash and she looked at me and said ‘You are never going to do that, right?’

“And I told her at the time, ‘Of course not, don’t worry’.”

He said he ultimately won Silvana’s backing, having initially considered skipping the five oval races.

But “I wouldn’t feel comfortable sitting at home and watching someone else driving my car,” explained Barrichello.

 A former world champion has dealt Lewis Hamilton a mild rebuke after the Briton refused to appear at Adrian Sutil’s assault trial.
Not only did the McLaren driver defer to his team’s looming car launch date rather than leap to his former friend’s aid in Munich, he has also refused to contact Sutil or answer a single question on the matter posed by the media.

Sutil’s father has called the 2008 world champion “pathetic” while the former Force India driver himself described Hamilton as a “coward”.

“I don’t know whether you’d call him a coward,” 1980 title winner Alan Jones told GMM, “but I don’t know whether I’d like to have him in the trenches with me.”

Hamilton, who recently reunited with his girlfriend Nicole, had a tumultuous 2011 season and so this year will be accompanied to races by experienced manager Didier Coton.

When involved with Mika Hakkinen’s career, Coton worked for the management company headed by Keke Rosberg.

“In the past, Lewis has certainly made mistakes in the professional organisation of his life,” Rosberg, backing the changes Hamilton is making, commented to the Finnish broadcaster MTV3.

“You can’t go flying every other week to America when you’re making a serious job of being a formula one driver,” he said.

Keke Rosberg also questioned a recent claim made by the 27-year-old Briton.

“He says he wants to win all the races this season. That’s quite a claim.

“I would think Jenson Button wonders how he will do it when he will probably win a few races in the same car,” said Rosberg.

The Italian press has pointed the finger at Vitaly Petrov’s “rubles” as Jarno Trulli races out of formula one.
With Vitantonio Liuzzi replaced at HRT by Narain Karthikeyan, and veteran Trulli ousted at Caterham by Petrov, F1 history enters a new phase as Italy no longer has a single driver on the grid.

“If you look,” said former grand prix winner Riccardo Patrese to La Stampa, “the drivers coming in now are from central America and the East.”

The unsponsored Trulli, 37, said he still wants to race but also has his wine and hotel businesses to keep him busy.

“More than anything else, apart from the results, I am proud to have been able to fulfil my dream of racing in F1 for many years and stay on the grid on my own power, without anybody’s help,” he is quoted by La Gazzetta dello Sport.

Switzerland’s Blick newspaper points out that no fewer than 81 Italian drivers have raced in the modern F1 championship.

And Brazilian correspondent Livio Oricchio reminded that in 1989, no fewer than 16 drivers in the field were Italian.

Some Italian fans are pointing the finger at Ferrari, annoyed that the famous marque has not signed a full-time Italian race driver for many years.

And why Felipe Massa? “Because we believe in him,” an official of the Maranello based team is quoted by Spain’s Marca newspaper.

“It’s not enough to have an Italian passport to drive for Ferrari,” he added.

 At the very end of last season, Adrian Sutil had four options to stay in formula one in 2012.
That is the claim of the German driver’s manager Manfred Zimmermann, who has so far failed to secure Sutil a race seat for the forthcoming season after his five consecutive years with Force India.

“We will fight to stay in formula one and we’re still hoping to get a seat for 2012 — even if it is in the course of the season,” he told the Sport Bild magazine.

He played down the impact of the 29-year-old’s grievous bodily harm conviction, insisting there has been “encouragement and support from all sides”.

Zimmermann said that at the very end of last season, Sutil was juggling four concrete options for 2012 that ultimately “slipped like soap” through their fingers.

“Unfortunately in formula one, money is always important,” he explained. “It simply didn’t work out in the end.”

As for the role the assault charge played, Zimmermann conceded: “I can’t really judge.”

However, for Sutil’s career, all is not lost.

“We have had enquiries in the past days from several series such as Indycar and touring cars. In America Adrian is a very highly regarded driver.”