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F1 eyes may have opened after Alonso s Indy 500 flop

By Dave Skretta, Associated Press INDIANAPOLIS (AP) — Alexander Rossi had no idea what he was getting into when he moved from Formula One to IndyCar. Turning left the whole race? Looks easy. But as Rossi soon found out — and as two-time world champion Fernando Alonso and his McLaren team learned in failing to qualify for the Indianapolis 500 last weekend — getting around Indianapolis Motor Speedway at speeds eclipsing 230 mph is a lot tougher than it looks. "I didn't understand what oval racing was. I didn't understand what IndyCar racing was, because there is no exposure to it in Europe," said Rossi, an American who moved to Europe as a teenager and made his F1 dreams come true with seven starts during the 2014 and '15 seasons. "So when guys haven't been a part of it," Rossi said, "they don't understand how difficult it is, how unique it is to everything they've done. On TV, let's be honest, it doesn't look that challenging, so being a European driver, in your mind you're at the pinnacle of the sport. You think, 'Of course I can go over there and do that and it wouldn't be a problem.'" That inherent arrogance was underscored two years ago, when Alonso showed up at the Indy 500 for the first time. He ran near the front all race, only for his Honda engine to let him down. Naturally, many F1 drivers were quick to pounce on their rival open-wheel series, claiming it must not be too difficult to win in IndyCar if Alonso could be competitive right out of the gate. "I looked at the times and, frankly, for his first-ever qualifying for Fernando to be fifth — what does that say about Indy?" five-time F1 champion Lewis Hamilton mused to L'Equipe shortly afterward. "A great driver," he said, "if he cannot win in Formula 1, will look for other races to win." In other words, Hamilton was calling IndyCar second-rate. That's part of why so many eyebrows jumped at McLaren's spectacular disappointment. "Fernando may have done well in 2017, so there may have been a feeling like all he has to do is show up and take it over," said Mark Miles, the chairman of Hulman & Co., which owns Indianapolis Motor Speedway. "I think this causes that sense of, 'Hey, this is harder than we thought.'" The team that bumped the well-funded, England-based team with the rich racing heritage from this year's field? None other than Juncos Racing, the tiny team founded by Argentina-born Ricardo Juncos and to this day run on such a shoestring budget that it was still signing up sponsors on Wednesday. The moment Kyle Kaiser put their car in the field last Sunday was the moment McLaren's world collapsed, leading to the firing of Bob Fernley, who headed its IndyCar operation. "We got it wrong," the team's boss, Zak Brown, said Thursday ahead of this weekend's Monaco Grand Prix, the showcase race on the F1 calendar. "There are little stories behind each of those individual issues and how they transpired, but you know, we didn't execute and therefore we didn't qualify for the Indy 500." In doing so, they showed just how difficult it is to win the "Greatest Spectacle in Racing," and perhaps earned IndyCar drivers a certain measure of respect from their F1 counterparts. "You've got to be a good driver, but setup and all those things at those margins is so important," said F1 driver Daniel Ricciardo, who has never driven an Indy car or raced on an oval. "I don't know the ins and outs, but everything needs to work right and that's the thing with race cars. It's a love-hate relationship. Obviously, this year for (Alonso) was more of a hate one. "It's sad to see," Ricciardo added. "Obviously as part of the F1 family, we want him to do well." One of the reasons the Indy 500 is so difficult is it tests the machines — and how they are tuned — just as much as the drivers. Manufacturers such as Mercedes and Ferrari can pump $300 million into their teams and essentially buy the crucial tenths of a second they need to win races, but IndyCar teams work with a relatively stock setup that puts the onus on crew and driver. "A big team like McLaren, and you see a small team like Juncos, it just shows this competition, it's not easy no matter who you are," three-time Indy 500 winner Helio Castroneves said. "It is one of the toughest places on Earth to get in, and you've seen big teams like Penske have failed." Rossi has so far bucked the trend, winning the 100th running of the Indy 500 in his 2016 debut. He was second the following year and fourth last year, each time benefiting from the experience, equipment and resources that his Andretti Autosport team has poured into its efforts over the years. "Fernando is a world champion. You expect him to do a good job," Rossi said. "But at Indianapolis, to find speed, it's experience, kind of the tricks of the trade that money can't buy, and I think that gets lost on a lot of people, and I think that was on full display this past week." ___ AP Auto Racing Writer Jenna Fryer and AP Sports Writer Jerome Pugmire contributed......»»

Category: sportsSource:  abscbnRelated NewsMay 24th, 2019

Man United soccer's top moneymaker again after 11 years

ROB HARRIS, AP Global Soccer Writer br /> LONDON (AP) — Manchester United is a long way from winning the English Premier League again but is back on top of another table — as soccer's biggest moneymaker. For the first time since 2005, Manchester United overtook Real Madrid in top spot in the soccer finance rankings compiled by accountancy firm Deloitte even as it sits sixth in the Premier League. In 2015-16 when United won only the FA Cup and failed to qualify for the Champions League, the 20-time league champions generated 515.3 million pounds (689 million euros based on the annual average; now about $632 million). Spanish champion Barcelona had 620.2 million euros in revenue and Real Madrid, which won an 11th Champions League title in May, dropped to third on 620.1 million euros in Deloitte's 20th annual rankings. United's stay at the top could be short-lived with the pound weakening since Britain voted to leave the European Union in June and the failure to reach the Champions League. Despite Jose Mourinho replacing Louis van Gaal as manager, United is struggling to break back into the top four Champions League qualification places let alone win the first Premier League title since Alex Ferguson's retirement in 2013. But United, owned by the Florida-based Glazer family and listed on the New York Stock Exchange, has maintained an ability to attract sponsors. 'Manchester United have had to wait 11 years to regain their position as the world's leading revenue-generating club and it has taken phenomenal commercial revenue growth to help them achieve this,' said Dan Jones of the Deloitte sports division. 'In recent years, their ability to secure commercial partnerships with value in excess of that achievable by their peers has been the crucial factor in enabling the club to regain their place at the top of the Money League.' The top five is completed by German champion Bayern Munich and Manchester City. The eight English clubs in the top 20 account for 45 percent of the accumulated revenue in the standings of 7.4 billion euros — up 13 percent from the previous year. Leicester, a first-time winner of the Premier League, makes the cut for the first time, squeezing into 20th place on 128.7 million pounds. West Ham returns to the top 20 and should move up from 18th place (143.8 million pounds) following its move last summer to Olympic Stadium. The other Premier League teams are: Arsenal (seventh at 350.4 million pounds), Chelsea (eight at 334.6 million pounds), Liverpool (ninth at 302 million pounds) and Tottenham (12th at 209.2 million pounds). The weight of English clubs in the revenue rankings should increase next year with the rise in television revenue. Premier League clubs should each earn at least 100 million pounds a season as part of the rights deals worth more than 8.3 billion pounds over three years. The only French team represented in the rankings is Paris Saint-Germain, which fell two places to sixth with revenue of 520.9 million euros. Zenit Saint-Petersburg is the only Russian team included, improving a place to 17th by generating 196.5 million euros. Along with Bayern, German also provides Borussia Dortmund (11th at 283.9 million euros) and Schalke (14th at 224.5 million euros). Juventus heads the list of four Italian teams, in 10th place on 224.5 million euros, followed by AS Roma (15th at 218.2 million euros), AC Milan (16th at 214.7 million euros) and Inter Milan (19th at 179.2 million euros). Deloitte warns that the enhanced English broadcast deals could see at least one of the Milan teams fall out of the top 20 next year. Joining Barcelona and Real Madrid in the rankings from Spain are Atletico Madrid in 13th place at 228.6 million euros. .....»»

Category: sportsSource:  abscbnRelated NewsJan 19th, 2017

A guide to FIFA's options for expanding the 2026 World Cup

GRAHAM DUNBAR, AP Sports Writer   FIFA is preparing to decide Tuesday on adding 16 more teams to the 2026 World Cup for a 48-team tournament. President Gianni Infantino's favored format would break with soccer tradition to play in groups of only three teams. Two would advance from each group to a Round of 32 knockout bracket. If agreed by the Infantino-chaired FIFA Council in Zurich, the 2026 hosting contest could formally open in weeks. A co-hosted North American bid is widely seen as the best option. Here are some things to know about overhauling the greatest competition in the world's most popular sport: ___ WHY EXPAND? A bigger World Cup was an Infantino campaign promise before his election last February, when his plan was 40 teams. It might have been key. Infantino's momentum for victory in a second-round poll was a three-vote lead over Sheik Salman of Bahrain in the first. Sheik Salman had promised only to review if more World Cup teams were wanted. Infantino also pledged to give more of FIFA's money to member federations — all 211 are now entitled to $5 million from each World Cup — and send more to continental and regional soccer bodies. So, more teams also had to mean more games, earning more revenue from broadcasters and sponsors. The '16x3' format arguably works better with only group winners advancing. But that would leave total matches unchanged at 64. Infantino also wants to create fervor in the extra countries which would qualify. In the short-term, competing national teams attract more sponsors. The long-term goal is appealing to more young people who are the future players, fans and officials. Expect to hear much FIFA talk of helping the next Costa Rica or Iceland — feelgood stories at the 2014 World Cup and Euro 2016 — by inviting 16 more teams to the party. ___ 48-TEAM OPTIONS A near-consensus is growing around the '16x3' option revealed just one month ago. All 80 games would be played in exclusive time slots. That's more hours of TV exposure for sponsors and sales time for broadcasters in the same 32-day tournament period. By advancing two teams from each group, a Round of 32 ensures most teams still play at least three matches. FIFA's own analysis predicts this format will raise revenue by 20 percent from the equivalent $5.5 billion forecast from the 2018 World Cup in Russia. The flaw for purists is planning for penalty shootouts to settle drawn group matches. If each game has a 'winner' that guards against teams colluding on a mutually favorable result in the last group games. Previously, Infantino suggested an opening playoff round of 16 matches to decide who would join 16 seeded teams in a traditional 32-team group phase. That was unacceptable to many FIFA members federations who said 'one-and-done' teams were not part of a real World Cup. It also would stretch the tournament to 39 days. ___ 40-TEAM OPTIONS Infantino's plan from one year ago is now almost friendless. Either of two options, 10 groups of four teams or eight five-team groups, gives lopsided or weak match schedules, FIFA judged. In '10x4,' only 76 matches are played and only six group runners-up advance from a muddled tiebreaker process to a Round of 16. In '8x5,' the 88 matches include meaningless ones in a flabby group phase ripe for collusion. Also, the four semifinalists would play eight matches and that workload is unacceptable to European clubs releasing employees to national-team duty. ___ PROVEN 32-TEAM FORMAT Why fix something that is not broken? Germany, the defending champion, has publicly asked this question. The 32-team format and perfect 64-match bracket has worked well since being introduced at the 1998 World Cup in France (where Europe had 15 teams). FIFA acknowledged that it produces the best soccer — 'the highest absolute quality' of games pitting high-ranked teams against each other. Recall that former winners Italy, England and Uruguay were drawn in the same 2014 World Cup group — and yet Costa Rica finished top. Still, enough of FIFA's 211 members want change and their chance to play. ___ WHO WILL PLAY? A big question is likely not being resolved Tuesday. FIFA has yet to announce exactly how many entry slots each of six confederations would get for their own qualifying program. Quotas for a 40-team World Cup were proposed in December 2015 by a FIFA advisory group that included Infantino, then UEFA's general secretary. Some saw a cynical move to sweeten skeptical FIFA voters who were being asked to vote through modernizing and anti-corruption reforms on the same day they picked a new president. Then, assuming a single host nation would get automatic entry, the proposal for sharing 39 qualifying slots was: Europe 14; Africa 7; Asia 6; South America 5; North, Central America and Caribbean 5; Oceania 1; plus a final slot awarded 'based on sporting merits using a method yet to be defined.' Going from 40 to 48 can add at least one more from each continent. Who could those new teams be? On current form, maybe Wales and Panama, Congo and Burkina Faso, Uzbekistan and Oman, will bring something new to the 2026 World Cup. .....»»

Category: sportsSource:  abscbnRelated NewsJan 9th, 2017

Finance: Liquidity growth slows, bank lending picks up pace in November

MONEY SUPPLY continued to grow in November amid sustained credit demand, coupled with a surge in bank lending that was the fastest in nearly two years, the Bangko Sentral ng Pilipinas (BSP) reported yesterday......»»

Category: financeSource:  bworldonlineRelated NewsDec 29th, 2016

What Pinoy couples quarrel about

A relationship Index survey found that money and technology are the biggest sources of arguments among Filipino couples......»»

Category: newsSource:  tempoRelated NewsDec 6th, 2016

EDITORIAL: What’s your ‘beef?’

A Relationship Index survey found that money and technology are the biggest sources of arguments among Filipino couples. The Pru Life UK Relationship Index aimed to understand the state of personal relationships in Asia. More than 5,000 interviews were co.....»»

Category: newsSource:  remateRelated NewsDec 5th, 2016

Finance: Domestic liquidity growth fastest in three months

MORE MONEY circulated in the local economy in October amid sustained credit demand, the Bangko Sentral ng Pilipinas (BSP) reported yesterday, with increased government spending providing a boost to lending......»»

Category: financeSource:  bworldonlineRelated NewsNov 29th, 2016

PH eyes huge Chinese investments

Washington – Philippines President Rodrigo Duterte will seek billions of dollars in infrastructure investments from China in the coming months as the country seeks to alter its relationship with Beijing, Philippines Finance Minister Carlos Domingue.....»»

Category: newsSource:  mb.com.phRelated NewsOct 10th, 2016

Sebastian claims delivering drug money for de Lima’s campaign via alleged lover

Convicted kidnapper and carnapper Jaybee Sebastian revealed he raised at least P10 million to fund the senatorial campaign of Senator Leila de Lima during the 2016 national elections and she allegedly had a relationship with her former closed-in and secur.....»»

Category: newsSource:  mb.com.phRelated NewsOct 10th, 2016

Gov't eyes investments from China

WASHINGTON -- President Rodrigo R. Duterte will seek billions of dollars in infrastructure investments from China in the coming months as the country seeks to alter its relationship with Beijing, Finance Secretary Carlos G. Dominguez III said on Saturday......»»

Category: newsSource:  bworldonlineRelated NewsOct 9th, 2016

DOF assures more money in taxpayer’s pocket

Reducing the personal income tax rate from 32 percent to 25 percent would be done over a two-year period benefiting most taxpayers except the “ultra-rich,” who are defined as individuals earning P5 million or more annually, Finance Secretary C.....»»

Category: newsSource:  mb.com.phRelated NewsOct 5th, 2016

Cheat Sheet: Cocktail Recos From A World Class Expert For Every Relationship Status

Not sure what to say when asked "Can I get you drink?". Read on......»»

Category: lifestyleSource:  abscbnRelated NewsSep 20th, 2016

'Eat, Pray, Love' author Elizabeth Gilbert reveals relationship with best friend Rayya Elias

'Eat, Pray, Love' author Elizabeth Gilbert reveals relationship with best friend Rayya Elias.....»»

Category: newsSource:  rapplerRelated NewsSep 8th, 2016

‘Eat Pray Love’ author announces lesbian relationship

LOS ANGELES (AP) — "Eat Pray Love" author Elizabeth Gilbert, who split from her husband of nine years in July, says she's in love with her best friend, a woman named Rayya Elias, who was recently diagnosed with incurable pancreatic and liver cancer.....»»

Category: newsSource:  mb.com.phRelated NewsSep 8th, 2016

Eat Pray Love author announces lesbian relationship

LOS ANGELES  — "Eat Pray Love" author Elizabeth Gilbert, who split from her husband of nine years in July, says she's in love with her best friend, a woman n.....»»

Category: entertainmentSource:  philstarRelated NewsSep 8th, 2016

DoF to help Bangladesh recover stolen money

The Department of Finance (DOF) has vowed to fully support the government of Bangladesh in its efforts to recover the $81 million stolen by cyber thieves in February. In a statement on Wednesday, the DOF said Finance Secretary Carlos Dominguez 3rd has ass.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 7th, 2016

Finance: BSP penalty on RCBC for heist 'credit negative'

THE PENALTY recently imposed by the central bank on Rizal Commercial Banking Corp. (RCBC) related to its systemic failings in a massive money laundering heist earlier this year is "credit negative" for the local lender, Moody's Investors Service said......»»

Category: financeSource:  bworldonlineRelated NewsAug 11th, 2016

Remittances jump to 5-month high in May

The increase in the amount of money sent home by overseas Filipinos to their loved ones in the Philippines accelerated in May, with both cash and personal remittances hitting their highest levels in five months, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated News1 hr. 15 min. ago

Draft IRR for Personal Property Security Act released

The Department of Finance (DOF) has released the draft implementing rules and regulations (IRR) for the Personal Property Security Act, a law which is seen to make credit more accessible to micro, small and medium enterprises (MSMEs), farmers and fishers......»»

Category: financeSource:  philstarRelated News1 hr. 15 min. ago

Tina Charles, Candice Dupree lead WNBA All-Star 2019 reserves

WNBA press release NEW YORK – The New York Liberty’s Tina Charles and the Indiana Fever’s Candice Dupree lead the list of 12 players – six guards and six frontcourt players from across the WNBA – who will serve as reserves in AT&T WNBA All-Star 2019.   The reserves were selected by the league’s head coaches, who voted for three guards, five frontcourt players and four players at either position regardless of conference. The coaches were not able to vote for their own players. Joining Charles and Dupree as frontcourt reserves are the Phoenix Mercury’s DeWanna Bonner, the Minnesota Lynx’ Sylvia Fowles, the Los Angeles Sparks’ Nneka Ogwumike and the Connecticut Sun’s Alyssa Thomas. Reserves at the guard position are the Chicago Sky’s Diamond DeShields, Allie Quigley and Courtney Vandersloot, Minnesota’s Odyssey Sims, the Washington Mystics’ Kristi Toliver,  and the Indiana Fever’s Erica Wheeler. The 10 starters for AT&T WNBA All-Star 2019, announced on July 11, were selected by fans, current players and media. As the two All-Star starters who finished with the most fan votes during WNBA All-Star Voting 2019 presented by Google, Washington’s Elena Delle Donne and the Las Vegas Aces’ A’ja Wilson will serve as team captains and draft the All-Star Game rosters from the pool of players voted as starters and reserves. AT&T WNBA All-Star 2019 featuring Team Delle Donne vs. Team Wilson will be played on Saturday, July 27 at the Mandalay Bay Events Center in Las Vegas, home of the Aces. The 16th WNBA All-Star Game will be televised live by ABC at 3:30 p.m. ET. Joining Delle Donne and Wilson as starters in the frontcourt are Las Vegas’ Liz Cambage, Phoenix’s Brittney Griner, the Seattle Storm’s Natasha Howard and Connecticut’s Jonquel Jones. The four starting guards are Los Angeles’ Chelsea Gray, Seattle’s Jewell Loyd, Las Vegas’ Kayla McBride and New York’s Kia Nurse. Delle Donne and Wilson will select their respective rosters in the WNBA All-Star Draft by choosing first from the remaining pool of eight starters and then from the pool of 12 reserves.  By virtue of finishing with the most fan votes, Delle Donne will make the first pick in the first round (Starters).  Wilson will have the first pick in the second round (Reserves). Additional details about the All-Star Draft will be announced at a later date. Las Vegas head coach Bill Laimbeer and Washington head coach Mike Thibault have earned spots as the head coaches for AT&T WNBA All-Star 2019. With Las Vegas having clinched the best record in the WNBA through July 12 (10-5, .667), Laimbeer and his staff will coach Team Delle Donne. Thibault, whose Mystics posted the second-best record through July 12 (9-5, .643) will guide Team Wilson. AT&T WNBA All-Star 2019 Reserves - DeWanna Bonner, Mercury (3rd All-Star selection): The WNBA’s leading scorer (19.4 ppg), Bonner was named to the All-Star Game for the second consecutive season after sitting out the 2017 campaign when she gave birth to twins. A two-time WNBA champion with Phoenix (2009, 2014), Bonner began her career by winning WNBA Sixth Woman of the Year honors three straight seasons (2009-11). - Tina Charles, Liberty (7th All-Star selection): Charles, who this season moved into sixth place in WNBA history with 3,014 rebounds, also ranks 12th with 5,727 points. Earlier this year, she added filmmaker to her resume when the documentary she produced about her father Rawlston Charles and his Brooklyn-based record store and music label debuted at the Tribeca Film Festival. - Diamond DeShields, Sky (1st All-Star selection): Chicago’s leading scorer (14.9 ppg), DeShields, the No. 3 overall pick in the 2018 Draft, is one of three Sky guards named to the All-Star Game along with Quigley and Vandersloot. - Candice Dupree, Fever (7th All-Star selection): Now in her 14th WNBA season, Dupree recently moved past Lisa Leslie and into sixth place in league history with 6,267 points. She also ranks eighth in career rebounds with 2,880. - Sylvia Fowles, Lynx (6th All-Star selection): The WNBA’s MVP in 2017 and Finals MVP in 2015 and 2017, Fowles became the WNBA’s career leader in double-doubles (158) this season. She also ranks fourth in league history with 3,201 career rebounds, behind only Rebekkah Brunson (3,356), Tamika Catchings (3,316) and Lisa Leslie (3,306). - Nneka Ogwumike, Sparks (6th All-Star selection): Ogwumike leads the Sparks with 15.5 ppg and 9.5 rpg. The top pick in the 2012 draft, she is one of five No. 1 overall picks in this year’s All-Star Game, along with Tina Charles (2010), Brittney Griner (2013), Jewell Loyd (2015) and A’ja Wilson (2018). - Allie Quigley, Sky (3rd All-Star selection): A two-time WNBA Sixth Woman of the Year (2014, 2015), Quigley has earned three consecutive All-Star appearances since becoming a full-time starter for the Sky in 2017. Quigley won the Three-Point Shooting Contest at the 2018 WNBA All-Star Game in Minnesota. - Odyssey Sims, Lynx (1st All-Star selection): After spending the past two seasons with rival Los Angeles, Sims was acquired by Minnesota from the Sparks via a trade in April. The No. 2 overall pick in the 2014 draft, she leads the Lynx with 15.7 ppg and a career-high 5.4 apg and is the only player in the league ranking in top 10 in scoring and assists. -  Alyssa Thomas, Sun (2nd All-Star selection): Thomas, who made her All-Star debut in 2017, is the Sun’s No. 2 scorer (11.6 ppg) and rebounder (7.2 rpg) behind Jonquel Jones, an All-Star starter. - Kristi Toliver, Mystics (3rd All-Star): An All-Star for the second consecutive year as a member of the Mystics, whom she helped to the WNBA Finals last season, Toliver also represented the Sparks in the 2013 All-Star Game. - Courtney Vandersloot, Sky (2nd All-Star): Vandersloot leads the league with 8.2 assists per game a year after she set a WNBA single-season records with 8.6 apg and 258 total assists. She returns to the All-Star Game for the first time since her rookie season of 2011. - Erica Wheeler, Fever (1st time All-Star): Wheeler is the only undrafted player among the 22 players selected for AT&T WNBA All-Star 2019 and the first undrafted player named to the Game since Erika de Souza in 2014......»»

Category: sportsSource:  abscbnRelated News2 hr. 15 min. ago