SAO PAULO: Mercedes driver Valtteri Bottas won the sprint race Saturday to take pole position for the Brazilian Grand Prix as a dramatic day at Interlagos accelerated championship leader Max Verstappen’s quest for his first Formula One title.
Verstappen finished the sprint race in second position and added two points in the standings. The Red Bull driver also saw his rival, seven-time world champion Lewis Hamilton, hit by another punishment and set to start from 10th on Sunday despite an impressive run from last to fifth.
Ferrari’s Carlos Sainz finished third, with Red Bull’s Sergio Perez in fourth. McLaren’s Lando Norris will inherit Hamilton’s fifth position on the grid. Ferrari’s Charles Leclerc starts from sixth place.
“Starting Sunday’s race from front row gives us all to play for,” Verstappen said. “Let’s try again tomorrow.”
Earlier, Hamilton was forced to start the sprint race from last after being disqualified from Friday’s qualifying session — where he was fastest — due to a technical infringement by Mercedes. Mercedes did not appeal the decision.
Despite Hamilton’s fifth-place finish in the sprint race, a separate five-place penalty means the defending champion will start 10th after Mercedes decided to change his car’s engine in Sao Paulo.
It wasn’t all good news for Verstappen. The Dutch driver was fined after being seen touching the rear wing of the Mercedes car. He leads Hamilton by 21 points in the standings, including the two from the sprint race, with four races left this season.
Hamilton beat the Dutchman by more than 0.4 seconds Friday in qualifying for the sprint race, but organizers said that his Mercedes was under investigation for DRS exceeding the maximum distance when opened. The technical infringement typically leads to exclusion from a session. The decision was only announced after Saturday’s practice session, and before the sprint race.
“It was clear to the stewards that the additional deflection was due to additional play either in the DRS actuator or the pivots at the end, or some combination or other fault with the mechanism, or incorrect assembly of the parts,” the decision said. “There is therefore no question in the minds of the stewards that the test failure indicates any intent to exceed the maximum dimension either by action or design.”
The decision also says Mercedes argued that the rear wing design had passed FIA’s tests several times during the season and had always been approved. Mercedes denied having any intent to breach regulations.
Hamilton’s disqualification put Verstappen in pole for the 24-lap sprint race, which offers three points to the winner. Bottas overtook Verstappen in the first turn at Interlagos and never lost the position again.
Starting from the back, Hamilton overtook rivals in every turn of the Sao Paulo track.
“I quickly reset, got my mind focused on doing what I could do,” Hamilton said. “I have just given it my everything.”
Bottas said he “gambled a little bit” with soft tires for the start.
“And then it was all about trying to survive until the end. It was quite tricky ... but Max still struggled to follow in some of the corners, so I’m glad it worked out perfectly,” Bottas said.
Verstappen was fined 50,000 euros ($57,200) by stewards after analysis of video taken from the grandstands at Interlagos. He can appeal the decision given by the stewards, who said he did not harm his competitor’s car with the touch.
The video recorded by a spectator shows Verstappen apparently inspecting the rear wing on the Mercedes in the Parc Ferme — a secure area for cars at the track.
“Considering the fact that no direct harm was caused in this case, in the opinion of the stewards, and that no earlier precedent of penalties for this exists – on the one hand; but that it is a breach of the regulation and has potential for serious consequences on the other, the stewards determine to take action in this case and order a fine of 50,000 euros,” the stewards said.
Article 2.5.1 of the FIA sporting code says that “inside the Parc Ferme, only the officials assigned may enter. No operation, checking, tuning or repair is allowed unless authorized by the same officials or by the applicable regulations.”
Stewards said the footage showed Verstappen’s touch is clear.
“(He takes) his gloves off and puts his right hand at the slot-gap of the rear wing of his car. He then moves to (Hamilton’s) car 44 and repeats the exercise, touching the rear wing in two places, once on either side of the DRS actuation device, but on the bottom rear side of the wing, in the area of the slot gap and never near the actuator or the end fixation points,” the stewards added.
“There is absolutely no movement of any of the wing elements on car 44 when Verstappen touches the back of the wing and the stewards are satisfied, from watching all the videos, his body position and the video of the wing, that there was insignificant force when Verstappen touched the wing.”
Saturday’s free practice session, which was not very competitive, ended with Alpine driver Fernando Alonso clocking the fastest lap, more than 0.8 ahead of second-placed Verstappen.
The Brazilian GP is the third event of the season with a qualifying sprint race. The two previous sprint races were held at Silverstone and Monza.
Valtteri Bottas ahead of Max Verstappen in Brazil, Lewis Hamilton to start 10th
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Valtteri Bottas ahead of Max Verstappen in Brazil, Lewis Hamilton to start 10th
- Earlier, Hamilton was forced to start the sprint race from last after being disqualified from Friday’s qualifying session
Largest ever refugee team to compete at Paris Olympics-IOC
IOC President Thomas Bach said: “This will send a message of hope to the more than 100 million displaced people around the world“
LAUSANNE: The International Olympic Committee (IOC) on Thursday unveiled its largest refugee Olympic team to date for the Paris 2024 Games, with 36 athletes from 11 different countries.
The athletes, from countries including Syria, Sudan, Iran and Afghanistan, will compete across 12 sports in Paris, the third time such a team has formed for the Summer Olympics.
“With your participation in the Olympic Games, you will demonstrate the human potential of resilience and excellence,” IOC President Thomas Bach said during the team’s announcement.
“This will send a message of hope to the more than 100 million displaced people around the world.”
For the first time, the team will compete under its own emblem.
The IOC unveiled its first refugee team for the Rio 2016 Olympics with 10 athletes to raise awareness of the issue as hundreds of thousands of people were pouring into Europe from the Middle East and elsewhere escaping conflict and poverty.
The team that competed at the Tokyo 2020 Olympics, held in 2021 due to the COVID-19 pandemic, was already almost three times as big as the inaugural team at the Rio Games, with a total of 29 athletes competing in 12 sports.
The Paris Olympics refugee team announcement comes shortly after Anjelina Nadai Lohalith, who ran as a refugee athlete in the 1,500 meters at the 2016 and 2021 Olympics, was suspended after testing positive for a banned substance.
The continuous rise in value of the Indian Premier League
In the aftermath of the Punjab Kings’ record chase of 262 runs on April 26, team captain Sam Curran, remarked that the Indian Premier League “(is) becoming a bit like baseball, isn’t it?”
This was likely a moment that opponents of the IPL had predicted and feared — and, conversely, one that proponents of the IPL and T20 cricket in general relished.
T20 cricket is in line with the age of fast food. Instantly consumable, quickly forgotten and underpinned by mass advertising and high-profile personalities. Around the world, its sponsors include KFC for Australia’s Big Bash League, the very title encapsulating the format’s frenzy.
In England, the Hundred has a five-year deal with KP Snacks. Given governmental policy to reduce consumption of products that are high in fat, salt and sugar, the partnership has drawn criticism.
Meanwhile, in South Africa, SA20’s title sponsor is Betway, one of a growing number of betting companies associated with cricket. In the IPL, there is a myriad of sponsors. The title one, Tata, is paying $300 million between 2024 and 2028. Then there are three associate partners — My11Circle, Angel One and RUPay — plus an official broadcaster in Star Sports, official digital streaming partner JioCinema, official strategic timeout partner CEAT and an umpire partner in Paytm.
Each franchise team has a plethora of principal partners, associate partners, media partners and merchandise partners. These represent a broad range of different industry sectors which boost the brand value of the franchises. According to brand valuation consultancy Brand Finance, the value of the ten franchises at the end of the 2023 season ranged from $43.7 million to $87 million. The estimated brand value of the IPL was $10.7 billion.
Estimates of brand value are derived differently by different bodies. This is because brands are not tangible assets — they are subject to beliefs, perceived reputation, trust and experience. Their value lies in how consumers associate with the brand and how it influences their behavior. Attempts to quantify these factors require measurable elements such as trademarks, logos, taglines, visual assets, digital assets, customer retention and social media engagement levels.
Since it began 17 years ago, the IPL has generated all of these in abundance. Along with experience and engagement within the stadiums, an exponential growth in viewership reached close to 500 million unique viewers in 2023. The new media rights regime in 2024 has created further growth, with the Disney Star Network acquiring broadcast rights for all IPL matches in 2024. Live broadcast of the first 18 attracted over 400 million viewers, a 17 percent like-for-like increase over 2023.
There is a big shift in live streaming, with Viacom’s JioCinema awarded digital streaming rights in the 2024-27 cycle. In 2023 it streamed the entire IPL season for free on its mobile app and website, a feature continued into 2024. The move took many by surprise but enabled it to set a record for the highest concurrent viewership for a live-streamed event — some 32 million viewers tuned in to watch the final. Now, digital streaming appears to be gaining momentum over traditional TV broadcasting with IPL viewers, depending on market segment. This can only increase as technology advances and accessibility improves.
As a result, brand value estimates after the 2024 edition are likely to be affected. Close inspection of existing estimates reveals the different methodologies in use. Cost-based valuations focus on how much it has taken to build the brand. Market-based valuations take account of how much sales of similar brands have raised. Income-based valuations focus on how much money the brand brings into the organization compared with non-branded similar products for services. Customer-based valuations analyze existing customers and predict future consumption patterns.
Another approach is the relief from royalty method, used by global investment bank Houlihan Lokey. This calculates value based on hypothetical royalty payments that would be saved by owning an asset rather than licensing it. In 2023, this produced a brand value estimate for the IPL of $3.2 billion — a difference of some $10.7 billion compared with other estimates. The methodology also produces different estimates of the franchise brand values. In this case, they are in a higher range of $83 million to $212 million, with a slightly different ranking.
Houlihan Lokey also undertook a valuation of the IPL’s value as a business, based on the standard discounted cash flow technique. This amounted to $15.4 billion in 2023, an increase of 80 percent over 2022. Most of this can be attributed to the renewal of the media rights deal covering 2023-2027, worth three times more than the 2017-2022 cycle. It is reasonable to assume that, given the year-on-year increases in viewership, the IPL will be able to command even more enhanced terms in the next cycle.
Intuitively, this makes the use of DCF techniques understandable. Under normal circumstances, the IPL can be reasonably sure of its future revenue streams. Once they are expressed in terms of present values, investors can assess what rate of return they are likely to achieve. Ultimately, returns on investment and profits are more important to stakeholders than differences in brand valuations, although the franchisees remain committed to brand enhancement through fan engagement, association with star players and top sponsors.
Since 2008, the IPL has established itself as a global phenomenon and it has done so in a relatively short time. It attracts millions of fans and viewers, providing instant entertainment. All the signs are that it will continue to grow through increased sponsorship, viewer numbers and media rights income which, in turn, proliferates advertising revenue for the media. This is big business and looks unstoppable, but it may morph into a caricature of the game from which it took its roots.
Mitch Evans relishes ‘great’ first Formula E win of the season
- The Jaguar TCS Racing driver secured top spot at the Monaco E-Prix last weekend
DUBAI: Jaguar TCS Racing’s Mitch Evans said it was a “great feeling” to have secured his first victory in this season’s Formula E world championship as he looks ahead to the double-header in Berlin next weekend.
Evans reigned supreme in Monaco, leading Jaguar to a dominant one-two with his team-mate, Nick Cassidy, finishing second. The result meant Evans broke his four-race streak of leading without a win.
“I’ve always been very comfortable around this track,” said Evans. “I think I’ve had around 10 podiums in different categories and never won. It was bound to happen at some point but (it) just happened a little later than what I would have liked. It was a great feeling to finally get the victory and it was a strategic and exciting race. It was an important win and (it) was good to see the checkered flag first.”
The result leaves Evans 25 points off the top but strengthens Jaguar’s grip on the constructors’ title, in which they now have a 44-point advantage.
Evans believes there is no reason why his team will not be even better throughout the rest of the season — starting in Berlin.
“The one-two here in Monaco has never been done before so really proud of the team,” he said. “We have come on the back of trickier races so to get this strong result is fantastic. It’s good for everyone’s confidence and gaining momentum and we want to keep that going.
“We’ll be going into Berlin next where last year we got a one-two, so obviously (it) would be amazing if we repeat that, but there is a new layout so there’s a few new things to learn. The race will be quite strategic from an energy point of view so we need to do some work with the team to make sure we’re well prepared. Our Gen3 car tends to suit that circuit a bit more and hopefully we can continue from Monaco.”
‘Let’s go’: Ronaldo celebrates leading Al-Nassr to King’s Cup final
- A 3-1 win over Al-Khaleej means Al-Nassr will face Riyadh rivals Al-Hilal on May 31
RIYADH: Cristiano Ronaldo, having led Al-Nassr to the King’s Cup final with a 3-1 win over Al-Khaleej on Wednesday night, expressed his delight in a message to his fans on social media.
Ronaldo scored the first and third goals of the night, with Senegal star Sadio Mane netting the second from the penalty spot during the semifinal at Al-Awwal Park Stadium in Riyadh.
Al-Nassr will now meet fierce rivals Al-Hilal in the final on May 31.
The Portuguese star celebrated the win with brief message on X: “The King’s Cup … let’s go.”
He accompanied the message with pictures of his celebrations after scoring the two goals.
The King’s Cup final confrontation is set to be the fifth time the teams have met this season.
At the start of the season, Al-Nassr won the first clash 2-1 in the final of the 2023 King Salman Club Cup (formerly Arab Club Champions Cup) with a brace from Ronaldo.
Al-Hilal emerged victorious in the next two clashes. They first scored a 3-0 victory in the Saudi Pro League at King Fahd International Stadium on Dec. 1; and then a 2-1 win on April 8 in the semifinal of the Diriyah Super Cup in Abu Dhabi, a competition they would go on to claim by beating Al-Ittihad.
Apart from the King’s Cup final, the teams will also meet in the second SPL fixture of the season, on May 17, at Al-Awwal Park in Riyadh.
Saudi Arabia’s Team Falcons reign supreme at ESL One Birmingham
- BetBoom Team swept aside with a thrilling 3-0 win in the final at Resorts World Arena to take home $300,000
- Team Falcons continue their dominance of the 2024 Dota 2 calendar, following wins at DreamLeague Season 22 and BetBoom Dacha 2024
DUBAI: Saudi Arabia’s Team Falcons have claimed the ESL One Birmingham Powered by Intel crown after beating BetBoom Team in a thrilling grand final clash at Resorts World Arena.
Team Falcons had a near-flawless run to the title, finishing top of Group A without dropping a series. Despite a slight stumble against Tundra Esports in the upper bracket, they flew through the lower bracket, dispatching Team Liquid and OG, before getting their revenge on Tundra Esports in the lower bracket final. They took home $300,000, a total of 6,400 points and the coveted trophy.
“We’re super happy with this win, we’ve been working so hard this year and it’s really showing with our performances” said Wu “Sneyking” Jingjun from Team Falcons. “The fans were brilliant, and we’re looking forward to seeing what else we can achieve this year with this great team.”
With this win, Team Falcons have now secured their spot for the Riyadh Masters at the Esports World Cup in summer 2024.
Europe’s biggest Dota 2 esports event in six years, ESL One captivated audiences worldwide and saw a viewership of over 327,000. In addition, over 18,000 fans attended the contest in the Resorts World Arena in Birmingham on the final three days of the tournament.
Making a return to Birmingham for the first time since 2018, the tournament commenced on April 22 with the group stage, where 12 of the world’s best teams were split into two groups of six.
DreamLeague Season 22 champions Team Falcons went unbeaten and topped Group A, with BetBoom Team finishing a close second. Team Liquid and G2.iG eked through in third and fourth place, respectively, with Team Liquid also unbeaten.
In the first matches of the upper bracket, UK representatives Tundra Esports took the win against Team Falcons to secure their spot in the final against BetBoom Team, who knocked OG to the lower bracket.
The first day saw Team Liquid take on HEROIC in a tense matchup which saw the latter become the first team to be eliminated from the playoffs. In the final matchup of the day, Team Liquid’s momentum from their earlier win was quashed by Team Falcons, who took the match 2-1.
The BetBoom Team were back against Tundra Esports for a spot in the final and crushed their opposition to emphatically secure their place. Tundra’s lower bracket final opponents were decided in the next match, where OG, despite battling bravely, fell 2-1 against a rampant Team Falcons.
In the lower bracket final, it was Team Falcons who brushed Tundra Esports aside with a 2-0 sweep, setting the stage for a blockbuster finale against BetBoom Team.
The last time these teams faced off was in the group stage where the match finished in a 1-1 draw, but at DreamLeague Season 22 earlier this year, Team Falcons took a clean 3-0 sweep over BetBoom Team, leaving them hungry for revenge.
After a rocky start, Team Falcons managed to rally quickly to dispel BetBoom Team’s chances of opening the scoring. Team Falcons continued this form into the second game, where, despite some early setbacks, they managed to overpower BetBoom Team to increase their lead to 2-0.
Almost directly replicating the DreamLeague Season 22 Final, Team Falcons resumed their dominance into the third game, sweeping BetBoom Team away to continue their almost flawless start to 2024.
