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.

James Key could be the next formula one engineer to join F1′s struggling giant Ferrari.

Multiple media sources, including the authoritative Italian specialist newspaper La Gazzetta dello Sport, say the Maranello based team is interested in Key, a 40-year-old Briton.

Key’s career dates back to the Jordan days, continuing through the transition to Force India, and he eventually joined Sauber in 2010.

He was the highly respected technical director at the Swiss team until earlier this year, and was therefore in charge of the impressive 2012 Sauber C31, amid speculation he had headed to Lotus’ sports car project.

But the media reports, including in the major German daily Bild, say Ferrari is now interested, particularly because Key is already familiar with the Italian marque through Sauber’s use of the Ferrari drivetrain.

However, when asked what truth there is to the Key rumours, Ferrari spokesman Luca Colajanni snapped: “Nothing, nada, niente!”

Eddie Jordan has advised Lewis Hamilton to stick with McLaren.
With the 2008 world champion’s current contract coming to an end this year, he said recently he would address the issue of his future “sooner rather than later”.

“After the first couple of races it’s something we will probably want to get out of the way,” said Hamilton last month.

For the moment, however, there is speculation, after Bernie Ecclestone said he doubts the 27-year-old will stay with the Woking based team forever.

The major German daily Bild then reported that Hamilton has been earmarked as Mercedes’ ‘plan-B’ in the event Michael Schumacher does not stay in 2013.

But Jordan, a former F1 team owner and boss, believes Hamilton should stay put.

“Given their (McLaren’s) resources and level of investment, can you tell me that Lewis would be better off in another team?” he said on Tuesday at a BBC event.

Jordan believes, however, that the famous British team can do a better job of handling Hamilton.

“I think – and this is in some way a criticism – that they will have learned from their mistakes last season,” he said.

One remedy is the placement by Hamilton’s management of Mika Hakkinen’s former manager Didier Coton, and another is the driver’s move from secluded Geneva to bustling Monaco.

Hamilton has also reunited with his girlfriend Nicole, and had a long winter break.

“McLaren appear to have given him a chunk of time off, to go away and to focus,” former long-time McLaren driver David Coulthard said.

Former Jordan and Jaguar designer Gary Anderson has singled out Lotus and Force India to impress in 2012.
The Irishman stood trackside at the Barcelona test on Thursday and later told the German-language Speed Week magazine that Mark Webber in the Red Bull suffered from “a bit too much understeer” in the new title-defending RB8.

He admitted, however, that the team may have been experimenting with setup, as the new Red Bull and McLaren have so far been “model students” in terms of handling.

Force India’s Paul di Resta, meanwhile, did not look impressive on the end-of-day timesheet, but Anderson said he was pleasantly surprised with the long-run consistency of the VJM05.

He said both di Resta and Nico Rosberg were both circulating at the same time with medium times, and the Force India was faster than the Mercedes, which was suffering from heavily-degrading tyres.

And Anderson added: “Lotus had to miss last week in Barcelona, but today they could confirm their good impression of Jerez.

“The car is fully sorted and the laptimes are consistent.”

Ferrari, however, is another matter.

“They are still using the coloured (aerodynamic) paint, which for me is a sign that the engineers don’t understand what is happening with the airflow.

“And just before the start of the season, that’s pretty alarming.”

Also trackside on Thursday was Sky commentator Martin Brundle, who confirmed Anderson’s view that the new McLaren looks “very good”.

Similarly, he added: “The Ferrari looks a bit of a handful, especially when it’s coming out of a corner trying to put the power down.

“It doesn’t look as bad as the McLaren did last year, but they’ve got some issues — there’s no doubt about it.”

Brundle also agreed with Anderson that, unlike the cakewalk of 2011, Red Bull could be set for a close fight this season.

“You can see Mark Webber working quite hard at the wheel,” said the former McLaren driver, “so I can understand why some of my mates in the paddock are saying it’s looking really close.”

Lotus is grappling with a major problem less than one month before the start of the 2012 season.
The former Renault team has sensationally abandoned this week’s Barcelona test and returned to its Enstone headquarters, after an unspecified chassis fault was detected on the new E20 car on Tuesday.

“We’ll put the right measures in place and we will be able to fix the problem before next week,” said technical director James Allison.

But Gary Anderson, formerly the designer of Jordan and Jaguar cars, believes Lotus is playing down the problem.

“You would have thought they could have fixed it overnight — chassis are made of carbon fibre composite so you’d be looking to bond new strengthening parts on,” he told the BBC.

“In my experience, if you can’t do it in 24 hours, I don’t think you can do it at all. I wouldn’t be surprised if this meant they needed a new chassis, which would make it touch and go for the first race.”

Germany’s Auto Motor und Sport thinks Lotus did not experience the fundamental problem at Jerez last week because the Circuit de Catalunya is a much more demanding circuit.

Meanwhile, Red Bull’s world champion Sebastian Vettel was Tuesday’s fastest as the second of three group tests began, but he admitted Lewis Hamilton – in the new McLaren – was also impressive.

“Ferrari is a bit of a secret at this stage and nobody knows whether they are really good or really bad,” admitted the German.

Jarno Trulli has revealed he was offered a seat at Ferrari some years ago.
After fifteen consecutive seasons in formula one, the 37-year-old Italian has lost his Caterham race seat to the well-backed Russian Vitaly Petrov.

2004 Monaco grand prix winner Trulli, 37, drove since 1997 for Minardi, Prost, Jordan, Renault and Caterham’s former guise Lotus.

Writing in his New York Times blog, correspondent Brad Spurgeon said Trulli was made the Ferrari offer while he was racing for Toyota between 2005 and 2009.

Trulli reportedly told Italy’s Autosprint magazine that Ferrari team principal Stefano Domenicali’s predecessor, the now FIA president Jean Todt, made him the offer.

“Nobody knows this, but at this point I think I can publicly thank Jean Todt for having been one of the few top team managers to consider me during my career,” he said.

“I won’t tell you when exactly — I was racing for Toyota and I was doing very well. But I had signed a rather long contract with the Japanese, and in my career I’ve always honoured my commitments.

“In 15 years of F1 I’ve never needed lawyers,” added Trulli.

Trulli left Renault for Toyota at the end of the 2004 season, driving for the carmaker until it pulled out of formula one at the end of 2009.

Rubens Barrichello left Ferrari at the end of 2005, replaced by Felipe Massa. Michael Schumacher retired a year later, replaced by Kimi Raikkonen.

At Ferrari, Frenchman Todt handed over to Domenicali at the end of 2007.

 Caterham on Friday finally confirmed speculation that Vitaly Petrov will replace Jarno Trulli in 2012.
It has been rumoured Petrov, the Russian driver ousted by Lotus (formerly Renault) after two seasons, was waiting on his sponsors to decide whether or not to pay out veteran Trulli’s contract.

37-year-old Italian Trulli, permanently in F1 since 1997 and the 2004 Monaco grand prix winner, said mere days ago that he expected to race this season.

He tested Caterham’s 2012 car at Jerez last week.

“It was not an easy decision to bring Vitaly in to replace Jarno, but it was one we made to ensure that we give fresh impetus across the whole team and with a realistic eye on the global economic market,” said team boss Tony Fernandes.

The Malaysian businessman said an “agreement” was reached with Trulli to end his contract, “but he will always be part of our family”.

“I understand the decision the team has made and I want to wish to the whole team the very best of luck for the season ahead,” said the former Minardi, Prost, Jordan, Renault and Toyota driver.

Petrov, 27, had a seat fitting at Caterham’s Hingham factory on Friday and will test the car in Barcelona next week.

 Rubens Barrichello is set to decide next week whether he will switch from formula one to the Indycar series for 2012.
F1′s longest-serving veteran has been left without a race seat this season, but he recently enjoyed an Indy test with the KV team, in which his close friend Tony Kanaan is involved.

“There is a lot going on, we have spoken with many people and there are things to be resolved, including the family aspect,” the 39-year-old told radio Bandeirantes on Tuesday.

“There is great anticipation and if everything goes well I think we can make the announcement of the decision early next week,” added Barrichello.

“I’m sure anyone who knows me can see in my eyes what I want. The first race is March 25 and there is no time to waste.

“If we want to be in a competitive way, everything has to be right and that means sponsorship, team, family — everything.”

Barrichello’s first F1 team boss, however – Eddie Jordan – has urged the likeable Brazilian to forego the Indycar opportunity.

“I love Rubens — our story began when he was only 19,” the Irishman is quoted by Globo.

“I love his family, his parents, and I think he should retire with dignity.”

Barrichello’s contemporary David Coulthard, however, said: “I wish him luck in the United States. We had a great relationship throughout my career and I know how passionate he is about racing.”

But fellow Brazilian Emerson Fittipaldi warned of the dangers of American oval racing.

“Today, Indy is different to when I drove — the risk is higher but it is a risk that he knows he will need to take.

“Still, I think he can have fun doing what he likes,” said the former series, F1 and Indy 500 winner.

 Narain Karthikeyan insists he does not regret gambling his future on an abortive return to formula one in 2011.
The Indian was settling comfortably in the NASCAR system last year before the opportunity arose to take his sponsors back to formula one with the struggling HRT team.

But after Valencia in June, the now 34-year-old lost his seat to the Red Bull-backed Daniel Ricciardo, and is only now returning for a one-off drive this weekend in his native India.

Karthikeyan insists it was worth the gamble.

“F1 is the pinnacle of motor sport and it is definitely worth the sacrifices that I’ve made,” he told the Press Trust of India.

“The fact that (the) Indian GP was on the calendar did play a part in my decision to return to F1 despite my comfortable position in NASCAR last year.

“But (I have) no regrets, I didn’t want to think ‘What if?’,” added Karthikeyan, who made his debut with Jordan in 2005 and has also been a Williams test driver.

He reveals that he did not consider returning to NASCAR when he lost his full-time F1 seat in June.

“I have been completely dedicated to F1 this year so I didn’t have any thoughts of going back,” said Karthikeyan. “The circumstances were difficult but I was assured that I’d be driving the Indian GP which was certainly encouraging.”

Damon Hill has tipped his former championship nemesis Michael Schumacher to soon quit formula one.
The pair fought mercilessly for titles in the mid 90s – famously clashing at the 1994 Adelaide decider – and were never friends throughout the period until Hill retired in 1999.

When the Briton last raced for Jordan, he was 39.

“By then I was too old to go on,” Hill told Italy’s Motorinside. “After a certain age you’re no longer able to be as fast or consistent, much less able to handle the pressure.

“Michael is now 42; in my opinion it’s too old to be competitive, plus he doesn’t have a car for the top positions. He can’t go on like this for much longer,” he predicted.

According to a loudening rumour on the microblogging website Twitter, McLaren is poised to announce a new member of its technical team.

The rumour goes that the new appointment is Sam Michael, Williams’ departing technical director.

The 40-year-old Australian said earlier this year he would “clearly be in formula one next year” but said he “can’t talk about” the details.

His last grand prix on the Williams pitwall, which he joined from Jordan in 2011, will be Korea next month.

Michael was earlier linked with possible moves to Force India, Mercedes and Ferrari.

“Everything is open for the future,” he said in late July.

Jarno Trulli is staying with Team Lotus in 2012, the Tony Fernandes-led outfit announced on Sunday morning.
Ahead of the 37-year-old’s 15th home race at Monza, a media statement said Italian Trulli will race a third consecutive season with Team Lotus next year.

“We are all delighted that we have been able to reach an agreement to keep Jarno on board for at least one more year with our team,” said boss and owner Fernandes.

Trulli made his debut as a 22-year-old with Minardi in 1997, and has also driven for Jordan, Renault and Toyota.

His sole grand prix win was the Monaco grand prix of 2004.

Mercedes is investigating how a rear wheel fell off Michael Schumacher’s car during qualifying at Spa-Francorchamps.
Wearing a special golden helmet to celebrate the 20th anniversary of his F1 debut, the famous German will start the race last because he crashed during his outlap in Q1.

“How embarrassing for Mercedes, to destroy his anniversary race because the wheel fell off,” Sky commentator Marc Surer is quoted as saying by Bild newspaper.

20 years ago, Schumacher’s first-ever F1 race ended within half a kilometre because the clutch in his Jordan failed.

And in 2011? “We’ve looked at the data. It happened suddenly, within a second,” Mercedes team boss Ross Brawn said.

“We are still looking into it. There is a locking mechanism and we had a few problems last year but not with the new system this year.

“We have developed the system with our DTM team. There must be an explanation and I’m sure we will find it.”

Michael Schumacher has invited members of the formula one paddock to a party to celebrate the 20th anniversary of his grand prix debut.

When the seven time world champion arrives at Spa-Francorchamps in less than ten days, it will be two decades since he made his debut at the same famous circuit for Jordan in 1991.

We reported last month that Schumacher, now 42 and the record holder of seven titles and 91 wins, will mark the occasion with a special black and gold cap.

And the German revealed to reporters at Mercedes’ Stuttgarter Sternstunden event at the weekend that he has organised a party.

“It will be a special moment for me,” Cologne newspaper Express quotes him as saying. “I will invite the whole paddock for a drink on Saturday evening.”

Jerome d’Ambrosio has admitted he is still working to get up to speed gainst his Virgin teammate.
2011 is the Belgian 25-year-old’s first season in formula one, and in the telling battle for grid position so far, the experienced German Timo Glock has been comfortably in charge.

“Clearly I still need to improve my Saturdays,” d’Ambrosio told La Libre newspaper.

Glock made his F1 debut with Jordan in 2004, but he also raced with the top-budget Toyota team in 2008 and 2009 before moving to the start-up Virgin last season.

“His experience is the most prominent on stop and go tracks like Valencia, or Canada where there is little grip and braking is therefore difficult.

“I still have more to understand to get the last tenths in those conditions. But I’m not ashamed to say he was simply stronger,” added d’Ambrosio.

He added: “What I’m thrilled about is that on race pace, I was consistently with his times.”

There have been reports that Virgin is preparing to abandon the 2011 project in order to be much stronger next year, but d’Ambrosio insists there are “many things” the team is doing to be stronger this season.

“We do not want to end up with the red lantern,” he said, referring to Virgin’s battle to avoid finishing the world championship in last place.