Quotes Of The Year, Part One Executive Transactions Names In The News Mayne-Nicholls: England Bid Was Best Tour Of Ireland Could Return In 2016 LTA Prize Funding Cut Sparks Fury Qatar Eyeing EPL Tottenham Hotspur Levski Sofia: Salaries 75% Of '15 Budget Subway Ramps Up Liverpool Sponsorship Wanda Emerges In Infront Media Auction
SBD Global/November 7, 2013/FranchisesPrint All
Four-time F1 world champion Sebastian Vettel’s "relentless pursuit of victory" could could drive Red Bull "to the most expensive world championship win in the history of Formula One," according to Kevin Eason of the LONDON TIMES. Red Bull is expected to pick up an estimated £80M ($130M) prize, but the team faces a payout of up to £10M ($16M) in bonuses "to the best-rewarded staff in F1," and record fees to the FIA. Red Bull Team Principal Christian Horner is expected to "rubber-stamp bonus payments" to the team’s 550 staff of £10,000 ($16,000) each. Senior staff "are thought to have been paid up to four times more," and Vettel could receive more than £3M ($4.8M) "as a reward for his 11 race wins so far this season." Because of new rules introduced this season, Red Bull’s constructor victory "comes with a massive penalty." Every point won will cost them $6,000 in entry fees next season. The team already has 513 points with two GPs still to run, which means it will have to pay at least £2M ($3.2M) "to enter next year’s championship" (LONDON TIMES, 11/6).
German Hockey League (DEL) club Dusseldorf EG's new investor Russian businessman Mikhail Ponomarev said that the club "has to return to the top," according to Otto Krause of the EXPRESS. Ponomarev said, "It can't be that an eight-time champion with the lowest payroll in the league is at the bottom of the table. The DEL has reached the lowest point in its history. That has to change." Ponomarev, who now holds an 18.4% stake in the DEG GmbH, "wants to return to the club's glory days." He said, "The players need a new challenge. And it can't be reaching the playoffs. That's not difficult" (EXPRESS, 11/5).