The sport of Formula 1 is considered the pinnacle of motor racing. Although it does not have a large footprint in the United States (it has one race in Texas), it has races on every continent. But how does the sport make its $3 billion in revenue?
The revenue stream for the sport comes from three sources:
The first revenue stream is from race hosting fees. Circuits pay the sport to be able to host and run a race weekend. This is the largest source of income for the sport and is how Bernie Ecclestone has been able to get revenues (and profits) to skyrocket. Because emerging economies want to get their countries on the map, they are willing to pay as much as $80 million per race.
The second revenue stream come from TV rights. Sky reportedly paid F1 over a billion Dollars for six years of exclusive coverage starting from 2019. Thanks to these gigantic figures, the TV viewing figures have dropped considerably as free to air TV can no longer afford these fees.
The third revenue stream is from long-term advertising deals. Heineken has agreed to pay $150 million for the next five years to promote the sport. In addition, there are trackside advertising deals that also contribute directly to F1 and not the circuits.
Now with the sale of F1 to Liberty Media, it remains to be seen what track they will take when it comes to marketing the sport.
In a cruel twist of fate, a rare engine blowout on the Mercedes of British Formula 1 driver Lewis Hamilton allowed the Red Bull of Daniel Ricciardo to take the win at the Malaysian Grand Prix at the Sepang circuit. Hamilton was cruising to what looked a like a strong lead in the world championship over teammate and rival Nico Rosberg.
A first corner drive by Ferrari driver Sebastian Vettel sent Rosberg spinning and to the back of the field. This left Hamilton to lead the two Red Bulls for the majority of the race. Kimi Raikkonen’s chances of making a bigger impact took a blow when a stray piece of debris went into his side pod, compromising engine cooling and as a result, they needed to run the engine on a lower setting.
There was a brief but exciting battle between the two Red Bull drivers. They were on the limit and at certain points, side by side going into turns five and six. It was an amazing display of driving between the two drivers, and confirmation that they are the most exciting driver pairing in F1.
A late virtual safety car gave the two Red Bulls a free tire change and cemented the first and second positions. The team did not exercise team orders and let Max Verstappen have a go at getting close to Ricciardo. The two drivers were too evenly matched which meant that Ricciardo kept his lead and got his first victory of the season after his run of bad luck this year.
The star swimmer Michael Phelps has spoken about Ryan Lochte’s involvement in the Rio robbery scandal, but has not spoken to Lochte directly.
He said that he thinks that the controversy will work itself out, because “good people taking care of it, so hopefully.”
Phelps arrived back in the US days after three other Team USA swimmers became the focus of the alleged robbery.
Phelps was met by reporters at Starbucks, when he addressed the news. Onlookers said that although the team has had to deal with a rough couple of days, Phelps seemed relaxed during outing. He made sure he stopped to greet and thank fans, who congratulated him on his performance.
The Brazilian police said that both Congar and Bentz had been detained prior to leaving Rio. They were then questioned and they came forward and told authorities that the robbery was “fabricated.”
The police said that Lochte and his fellow swimmers, had stopped at a gas station to use the restroom. They had then noticed that the restroom was locked and had started breaking it down, when a security guard had approached them. They had paid the gas station manager approximately $50 for damages.
Lochte issued a statement regarding the controversy by saying “I want to apologize for my behavior last weekend—for not being more careful and candid in how I described the events of that early morning and for my role in taking the focus away from the many athletes fulfilling their dreams of participating in the Olympics,”
The Liverpool manager Jurgen Klopp said that he was alarmed by clubs that sign on players for large sums of money.
He said that he was not sure if any new faces were being signed on this season, however he is ready to kick off the season with the players on hand.
“If you bring one player in for £100m and he gets injured, then it all goes through the chimney,” he said.
There is a history of expensive players signed on to clubs who spend most of their times in the treatment room. Arsenal’s Jack Wilshere is a recent example. Although a lot of it can be put down to bad luck, every time he can’t play it is a massive loss to the club in terms of return on its investment. Even more so when the missed games are must wins.
He wants to do it differently. He even says that should he be given the option of spending that kind of money, that he would approach it differently. The primary focus behind it is to build a team like Barcelona did that can win titles and championships.
“Other clubs can go out and spend more money and collect top players. I want to do it differently. I would even do it differently if I could spend that money.
It is unclear exactly what he means but he wants to avoid picking from the same pool of players as everyone else.
Lewis Hamilton won the 2016 Austrian Grand Prix after a final lap collision between himself and teammate Nico Rosberg, who was leading at the time. After a brake-by-wire failure going into turn one, Rosberg lost a lot of ground.
“He made a mistake into Turn 1,” Hamilton said of Rosberg, “and so I had an opportunity to go down the outside into Turn 2. I left a lot of room on the inside, and I guess he locked up and crashed into me. I think he had a problem with his brakes.”
As you would expect, Rosberg was extremely unhappy:
“I am absolutely gutted; it is unbelievable,” Rosberg said. “The sport sometime…I was sure to win that race and then I lost it on the last lap. It is pretty intense.”
Mercedes team boss Toto Wolff was angry: “Brainless! Seeing both cars nearly colliding is upsetting. It could have easily been a double DNF.”
Rosberg limped his car home in fourth after being passed by Max Verstappen and Kimi Raikonnen passed his slowing car. Something he was called out on the stewards for, in addition to taking the blame for collision with Hamilton:
“”Having taken note of the extensive evidence given by both drivers and the video and telemetry data, it was apparent that Car 44 (HAM) was in front of Car 6 (ROS) – i.e. more than fully alongside – and that the driver of Car 44 could have clearly made the turn (T2) on the track, if not for the resultant collision.
“Car 6 did not allow Car 44 ‘racing room’ and hence the driver of Car 6 was responsible for the collision.”
Now, as a result of the collision, Mercedes will be deciding shortly whether to implement team orders and freeze the order of the drivers beyond a certain point in the race. This might be the only way to prevent it happening again this year.
Teenager Max Verstappen became the youngest winner in Formula 1 at the Spanish Grand Prix. He took advantage of a stunning first lap collision between a temporarily slowing Rosberg and his teammate Lewis Hamilton. Lewis Hamilton, who was blamed by Niki Lauda for the incident, described it as a racing incident:
“I had a decent start from pole but got slipstreamed on the way to the first corner and lost the lead. Coming out of turn three, I was catching Nico really quickly and went for the gap on the right – I had part of my car alongside but then had to take to the grass. The gap was there and, if you’re a racing driver, you go for that gap”
Verstappen’s teammate Daniel Ricciardo and Ferrari’s Sebastian Vettel switched to three stop strategies which ultimately proved to be the inferior option. Ricciardo was careful not to blame the team for choosing the wrong strategy:
“In hindsight, a three stop strategy was the wrong thing to do, but maybe during the race it seemed like the right thing to the team”
Verstappen then held off the Ferrari of Kimi Raikkonen, who was also two stopping, for the final 15 laps. He showed great temperament and maturity for his age and held of the world champion without a single mistake. It was a stunning achievement and completely justified the decision to move Verstappen to the Red Bull team from Toro Rosso.
In a surprising twist, Red Bull has swapped Toro Rosso driver Max Verstappen with Danill Kvyat at Red Bull Racing with effect from the Spanish Grand Prix.
“Max has proven to be an outstanding young talent,” said Red Bull boss Christian Horner.
“His performance at Toro Rosso has been impressive so far and we are pleased to give him the opportunity to drive for Red Bull Racing.
“We are in the unique position to have all four drivers across Red Bull Racing and Toro Rosso under long term contracts with Red Bull, so we have the flexibility to move them between the two teams.
“Dany will be able to continue his development at Toro Rosso, in a team that he is familiar with, giving him the chance to regain his form and show his potential.”
The demotion is due to a recent run of incidents. Kvyat collided with Sebastian Vettel twice at the start of the Russian GP last weekend. The second contact resulting in the Ferrari ending up in the wall and retirement. In Kvyat’s defense, he was caught off guard by the slowing Ferrari.
With the chances that Verstappen was to be promoted to Red Bull Racing next year high, this is seen as good time to evaluate the young driver at a time when mistakes will be less costly.
Written by Soccer Garage
Womens soccer cleats these days are more than just a different color and size. During the early eighties and nineties when the popularity of women’s soccer was increasing. Manufacturers did what is known as the “pink em and shrink em” process. They made womens soccer cleats in what they considered to be more “feminine” colors and made them in smaller sizes. This is no longer the case. Womens cleats are now designed for women and have some differences from the men’s version.
While different colors and smaller colors might work for a women’s soccer jersey, womens feet have an anatomical difference to men’s feet. In most cases women can wear men’s shoes if the same size. But for performance, and injury avoidance the shoes need to take into account the above differences.
One of them is that women’s feet taper in towards the heel. Modern womens cleats are designed this way. This gives the wearer a better fit. This translates to better agility, stability and much fewer injuries.
The other big difference is that women have much wider hips along with a much wider angle from the hip to the knee joint. This requires the shoe to have much softer support. Especially in the midsole.
When the shoe is designed with smaller heels and feet in mind along with the softer midsole, there is a lot of excess weight removed. These cleats are lighter and the wearer will be able to perform better with less chance of injury.
You can find the best womens soccer equipment at Soccer Garage.
The five time NBA champion was offered a contract by European club FC Barcelona. This would give him a chance to enjoy a longer basketball career overseas. But according to the Spanish sports newspaper, Mundo Deportivo, he has turned down the offer.
After hearing that Bryant may be ending his basketball career with Pau Gasol, the Catalan club put through their offer.
The NBA star had spent most of his childhood in Europe. He has also stated that he admired european basketball players. He however rejected last year’s offer from Barcelona, because he was unsure of the level of his health and if he would be fit enough to play for the entire season.
The star had passed on an offer from barcelona, which included competing for the club in high profile Euroleague games.
Bryant announced that he intends to retire in November this year, after he completes his NBA season. Bryant is also under contract with the lakers and has been for the past 20 years. He is said to receive a $25 million salary.
Bryant has not commented publicly on the rejection of the offer, but he has mentioned in past in interviews with ESPN, that once he retires from Basketball he intends to start a career as a businessman. In the interview with ESPN in 2014, he said that he had formed a business called Kobe. inc and that he currently has a small team of employees.
Skipper for India, Mahendra Singh Dhoni, says that his current team is “balanced” and can “take on any team anywhere in the world”.
“Well if you see, more often than not, the team that we have played with (this year in T20’s), looks like a team that can play in any condition, especially in this format. Let’s not talk about the 50-over format. But in T20s, we can play with this team anywhere in the world,” He said after the team’s win against UAE in the Asia Cup.
“We now have three proper seamers, two spinners and if needed part-timers. I think it is the right combination. And even if you go for a few extra runs, with the batting that we have – till No 8, I think we can look to get those extra runs if the opposition scores off us. So I think this team is set for playing in any conditions, whether you are playing in India or outside India. It looks like a very balanced team.”
When asked when he intends to retire, at a Bangladesh conference, he said “I’m not getting rid of myself so soon. Bangladesh will have to face me more often than not. This is one occasion when the question was longer than the answer,” he said with a laugh.
Dhoni said that the final will be tough since the conditions are known well by Bangladesh. “As I said, any good team if they are the home team, they will always know the conditions very well. So to beat a home team is always difficult. Also Bangladesh, over the years has developed a lot. They have improved their strength. They know the condition well, as I have said. It will be a good final”