Hamilton ‘splashes out £20m on private jet’

When it comes to trying to keep up a long-distance relationship alive most couples have limited options – write each other nice letters, maybe purchase a webcam for Skype, and if you’re lucky, have the odd holiday together. However, Lewis Hamilton and Nicole Scherzinger are not ‘most people’ and the Formula One driver has ensured he can regularly rendezvous with his famous pop singer girlfriend by splashing out £20m on a private jet. Hamilton is flush with cash with after moving from McLaren to Mercedes at the end of last season on a three-year-contract estimated to be worth £60m. The Stevenage-born driver has also managed to hang on to most of his riches by living in tax exile for a number of years. He first lived in Switzerland but then moved to Monaco in 2011 because he felt that Switzerland was ‘too boring.’ The 2012 Sunday Times rich list estimated the 28-year-old’s net worth at £55m. Now he is really living the ‘jet-set’ lifestyle by splashing out £20 million on a personalised Bombardier CL-600 according to the Daily Mail. [Source]


Michael Schumacher retires from Formula One

Here is his retirement speech in full:

It is probably not a complete surprise to explain a little bit on how my thoughts are on this. Basically I have decided to retire by the end of the year.

Although I am still able and capable to compete with the best drivers that are around, at some point it is good to say goodbye – and that is what I am doing this season. This time it might even be forever.

During the past month, I was not sure if I still had the motivation and energy which is necessary to go on. It is not my style to do something that I am not 100 per cent feeling for. With today’s decision, I feel released from those doubts and in the end my ambition to fight for victories and the pleasure of driving is nourished by competitiveness.

It is without doubt that we did not achieve our goals to develop a world championship fighting car. But it is also very clear that I can still be very happy about my overall achievements in the whole time of my career.

In the past six years I have learned a lot about myself. For example, that you can open yourself without losing focus. That losing can be both more difficult and more instructive than winning. Sometimes I lost sight of this in the early years. But you appreciate to be able to do what you love to do. That you should live your convictions and I was able to do so.

I would obviously like to thank Daimler, Mercedes-Benz, the team, the engineers, and all my mechanics for all the trust that they put in those years in to myself. But I would also like to thank all of my friends, partners and companions who over many years in motor sport supported myself.

But most of all I would like to thank Corinna, and my family for standing always by my side, giving me the freedom to live my conviction and share my joy. That is very special.

I would like now to concentrate until the end of the season for the last races, and enjoy them together with you. Let’s have fun.

Thank you.

Double DRS is banned for 2013 Formula 1 season!

Majority of the F1 teams have agreed to change the rules regarding the “double DRS” on F1 cars. It is believed that the ban will be imposed starting from next year. The official announcement will be made by FIA’s World Motor Sport Council later this year.

The ban is part of the plan to reduce the costs in Formula 1 for the sport to remain viable in a long run. Mercedes did not support the ban and claimed that it is cost-effective.

After the failed protest in Chinese Grand Prix, Lotus has begun to develop and test its own version of “double DRS” since German and Hungarian Grand Prix and is expected to race it during Belgian Grand Prix at Spa-Francorchamps. Lotus has explained that the development of “double DRS” will carry on for this year since it will benefit for the second half of this season.

For more technical details of the “double DRS”, you can view it here on our earlier blog post.

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