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.

Bernie Ecclestone has revealed he was not happy Bahrain organisers used the acronym ‘F1′ in its political slogan for last weekend’s race.

The F1 chief executive was highly supportive of the island Kingdom’s intensely controversial return to the sport’s calendar, insisting Bahrain will retain its grand prix “forever”.

But when asked about the banners around the Sakhir circuit and the island Kingdom that read ‘UniF1ed’, 81-year-old Ecclestone admitted to the Mirror: “We never put it there.

“We told them to take it down, not to use it. I saw other things, not like that.”

But Sakhir circuit chief Zayed Alzayani wore a cap bearing the slogan throughout the grand prix weekend, even when in Ecclestone’s company.

Briton Ecclestone, however, denied the Bahrain slogan only intensified the opposition’s anger.

“Before they started using that slogan there was trouble about F1,” he insisted.

“People make excuses but there are only two sports where politics come into it; us and the Olympics because the profile is big enough.

“There was a big golf match in Bahrain before F1 arrived and there was no problems there.

“We are not here to tell people how to run their country.”

Ecclestone, however, was angry with some of F1′s British journalists in Bahrain, following their harsh criticism of the decision to push ahead with the race.

“I saw Bernie get angry in the press room with some British journalists,” revealed O Estado de S.Paulo newspaper correspondent Livio Oricchio.

“I had never seen him that angry.”

A major golf tournament is set to go ahead in Bahrain.

The BBC is reporting on Wednesday that “a number” of formula one teams now fully expect next weekend’s Bahrain grand prix to be called off – with the final decision to be made this weekend in China – due to the security risk.

If that happens – despite Bahrain’s contract to 2016 – it could be the end of the grand prix forever, with rules stating that a cancellation for two years running will result in exclusion from the calendar.

It is interesting, therefore, that organisers of the inaugural Bahrain Invitational – a Pro-Celeb-Am golf competition – are reporting that the two-day event is definitely going ahead this weekend.

“We are looking forward to welcoming all the participants and safety around the event is assured,” said a spokesman.

Sir Jackie Stewart, a triple world champion in F1, backed the continuation of sports in Bahrain, admitting that if the grand prix is cancelled again “they may never get it back”.

“If this race is cancelled then I think it is a very backward position to have in sport,” he told the Herald Scotland.

“Sport is a positive force, it brings people together.”

A third grand prix on the trot looks set to be disrupted by rain.

Bad weather affected the consecutive Japanese and Korean events recently, and rain is already disturbing the teams as they set up early this week at the Interlagos circuit in Brazil.

F1′s first sign of rain came at the weekend, when a golf tournament contested by Rubens Barrichello in Sao Carlos – a city of the Sao Paulo state – was cut short due to heavy rain.

And as the big teams including Ferrari set up at Interlagos on Monday, workers took cover inside the pit garages when a rain storm struck.

For the weekend, the initial forecasts predict possible showers across Friday and Saturday, with a reduced chance of rain for Sunday.

Last year’s Brazilian grand prix, held in mid October, was badly affected by rain, with delays protracting qualifying to an excruciating 160 minutes.

“There’s always a chance of rain,” said local Barrichello this week.

Jenson Button and the Brawn team (currently, Mercedes GP) have been nominated to the prestigious Laureus World Sports Awards.

Button, who prior to 2009 has only won a Grand Prix, is nominated for the 2010 Laureus World Breakthrough of the Year Award after winning last season’s pilot championship.  The other nominees in this category are: Mark Cavendish (cycling) and Tom Daley (diving), as well as Juan Martín del Potro (tennis), Ji Yai Shin (golfer), and the relatively small German football team,  LVI Wolfsburg.  Lewis Hamilton got last year’s award after winning the 2009 Abu Dhabi Grand Prix.

Mika Hakkinen, Laureus World Sports Academy Member and double Formula One World Champion will announce the nominees

The winners –who will be selected by a jury of 46 people-, will have to attend the ceremony that will be held next month in Abu Dhabi.

Even though it may “sound crazy,” it’s a commercial agreement that Williams F1 has announced today after the signature of a license agreement exclusively with a US Golf equipment company, Golf Club. The aim is that with this union “Williams” succeeds in the golf business.
The combination of engineering capability of Williams F1 with the design established by Golf Club and the Sports Williams team production expertise, is going to create a partnership that will upgrade golf clubs’ design to a new level in 2010 and beyond.
The purpose of this partnership is the injection of Formula One Williams’ technology for the design and manufacture of golfing equipment. The initial areas will the aerodynamic profiling of golf club shafts and the application of composites and alloys materials science in club design.
With current limitations on modern golf club design, aerodynamics and materials are now the most important aspect of research and development.
Aerodynamics and carbon fiber compound technology are fundamental in Formula One. Aerodynamics is Formula One’s performance key differentiation factor. In addition to the traditional experimental disciplines, as the wind tunnel tests, the sport brings together predictive capacity based on Computational Fluid Dynamics (CFD).
The sport has also pioneered the application and use of low weight, high strength carbon fiber since the 1980s, developing race cars that withstand ten annual penetration, static and dynamic crash tests to ensure driver safety while not compromising performance. Together with carbon fiber, several other materials that are critical for racing car performance will be presented in Sport Williams product line. The clubs will feature tungsten inserts that will be used for fine tuning of weight distribution, which is a process used in Formula One. High nickel content super alloy, used in the manufacture of the lightweight racing car exhausts, will be the featured material in the Qualifier Series of Williams Sports irons.
Frank Williams, Williams F1 Team Principal, said: “We are at the start of a fascinating period of business development. [..].I have great hopes for its potential to revolutionize design in golf equipment.”

Last season Heikki Kovalainen stuck his way. Twin with Lewis Hamilton at McLaren for a second year, he struggled to get the most out of the MP4-24 and finished the championship 12th, 27 points adrift of his illustrious team mate.

This season Kovalainen have a different challenge as he competes for one of 2010’s four new teams – Lotus. Following is the interview that the official F1 have done to Kovalainen.

Q: Heikki, you have switched from massive manufacturer team to small, private outfit this year. How are you finding the change?

Heikki Kovalainen: Obviously McLaren is a very big team, but as we saw last year, it doesn’t necessarily mean they will always be quick. They can obviously turn it around quickly, but I see a lot of potential at Lotus and that’s why I decided to come here. At the beginning it will be tough, we’ll have a hard first few months, but once we get going, I think I’ll have a better opportunity here than I would do with anyone else.

Q: You are so familiar with the inner workings of McLaren. How do you think the departure of Mercedes will change the team?

HK: I don’t really know. It’s obviously a big change for them but they’re a big team and, to be honest, it’s not really my business anymore!

Q: While McLaren’s image is quite reserved, Lotus seems a bit different, especially with the fun and relaxed Tony Fernandes at the helm as team principal. It must be quite a change. Are you already comfortable in the more laidback environment?

HK: I think they are very different teams, but I did have a good time with McLaren. We tried as hard as we could to get the best results, but it just didn’t work out for me as it should have done. However, what I can do is bring what I learnt there. They are highly motivated, and they always push to the maximum to achieve the best result. I think I can bring that here and it will work well at Lotus as well.

Q: There must have been many times during 2009 when you doubted you’d be able to stay in Formula One racing. How did your deal with Lotus come about? When did it all happen?

HK: The deal was eventually signed quite late, but the team first contacted me directly during the season, asking me what my situation was. At that point I didn’t know anything really about Lotus. I was concentrating on finishing the season well. I had a number of options, but with rumours going around about some teams struggling for money, I was interested in talking to Mike (Gascoyne) and Tony, as I knew they had a stable budget for the next three years and a strong technical team joining later. In the end it was an easy decision to make and the best choice available for me.

Q: Have people underestimated your talents as a driver?

HK: I don’t think people have seen the best of me yet, and I don’t think I got the best out of McLaren. My aim at Lotus is to get the best out of the team and the car, and I don’t see any reason why the results won’t come. I don’t think there are any areas I particularly need to improve. Some people think I’m a good qualifier, and not such a good racer, but that’s only been while I was at McLaren. If you look at my time at Renault in 2007 the race performances were actually very strong, and I felt I got more out of the Renault than I did the McLaren. I don’t really care what people think – I’m more determined than ever to do a good job for the team.

Q: Your team mate Jarno Trulli may have an advantage as he’s worked with technical director Mike Gascoyne for many years. How will you muscle into that picture?

HK: I think Jarno and I will fit very well into that picture. I know the direction I want the team to go, and the team obviously wanted to get two experienced drivers on board so we do go in the right direction straight away. Together with Jarno I know we can do that.

Q: The driver announcement in Kuala Lumpur was very emotional and the location and guests were top notch…

HK: I didn’t really know what to expect when I got out there, but I was a little surprised by how well everything went. The team out there are experienced, but not really in terms of F1 so I wasn’t sure how much guidance I’d need to give them. In fact I didn’t have to give them any advice – everything was organised really well, and Tony had made sure all the main people knew what was going on and what they had to do. The Malaysian people were really excited about Lotus coming back as well and the whole atmosphere was very positive.

Q: You are at the factory right now. What is your impression of it? How does it compare to McLaren’s factory in Woking?

HK: It’s obviously very different. In terms of area – Woking and Norfolk – are both very similar. They aren’t big like London, but there are good golf courses around. The facilities are obviously very different. McLaren is a big, hi-tech kind of space centre that nobody else has, and this is where we are building a new operation. When you go from a space station to a building site it’s obviously different, but I know that once the team is fully set up here it will be as efficient as McLaren and we can go for good results.

Q: What is the schedule for the weeks ahead?

HK: We are preparing as well as we can at this time. One thing is that we could possibly join an earlier test. The car would probably be able to run but we wouldn’t have spare parts and we wouldn’t be able to test properly. If we had any problems, the test would be over. So at the third test we know we’ll be able to push the car hard. I can push it to the limit, get a feel for the car and hopefully we can do a lot of mileage. I expect the car to be pretty reliable straight out of the box because Mike and the design team are all experienced people who know how to build a race car. Then the question mark will be how much performance we have. When the factory’s all set up and running we’ll be able to get decent upgrades relatively quickly, and that’s when we’ll see the real performance.

Q: Tony has thrown down the gauntlet to Virgin’s Richard Branson in what could be the funniest bet Formula One racing has ever seen (the loser will spend a day as an air stewardess on the other’s airline). How confident are you that the team will beat Virgin? How much personal pride is involved there do you think?

HK: I’m sure there’s a lot of pride there. They’ve known each other a long time and they’re both very successful, so I’m sure it’s quite personal. I do know Tony will be kicking my ass to beat them, and I fully expect Mike to be doing the same. I think it’s cool – we already have one definite target to aim for. But a lot will depend on how quick the car is. If it’s very quick then we’ll be fighting all sorts of people, but I know that if I see a Virgin car I’ll have to get in front.

Q: When will we see you in the car for the first time?

HK: That will be at the third group test at Jerez. Jarno and I will be sharing the driving equally there, then at Barcelona. It’s not a lot of testing but I’ve done a lot of F1 driving so I’d be ready to go straight to the race if necessary.

source: formula1

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