Alpine driver Fernando Alonso of Spain walks through paddock prior the Hungarian Formula One Grand Prix. AP Photo
Alpine driver Fernando Alonso of Spain walks through paddock prior the Hungarian Formula One Grand Prix. AP Photo
Alpine driver Fernando Alonso of Spain walks through paddock prior the Hungarian Formula One Grand Prix. AP Photo
Alpine driver Fernando Alonso of Spain walks through paddock prior the Hungarian Formula One Grand Prix. AP Photo

Fernando Alonso signs multi-year deal to drive for Aston Martin


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Two-time Formula One world champion Fernando Alonso will race for Aston Martin from the 2023 season after signing a multi-year contract, the team announced on Monday.

The 41-year-old replaces Sebastian Vettel after the German announced his retirement last week.

Alonso, who won two titles for Renault in 2005 and 2006, has agreed a multi-year deal with the British team.

"The recruitment of a special talent such as Fernando is a clear statement of intent from an organisation that has committed to developing a winning Formula One team," Aston Martin said in a statement.

Alonso, who returned to the grid with French team Alpine in 2021 after two years away, is set to partner Lance Stroll, the son of Aston Martin’s billionaire owner Lawrence Stroll.

The Spaniard said: “This Aston Martin team is clearly applying the energy and commitment to win, and it is therefore one of the most exciting teams in Formula One today.

“I have known Lawrence and Lance for many years and it is very obvious that they have the ambition and passion to succeed in Formula One.

“I have watched as the team has systematically attracted great people with winning pedigrees, and I have become aware of the huge commitment to new facilities and resources at Silverstone.

“No one in Formula One today is demonstrating a greater vision and absolute commitment to winning, and that makes it a really exciting opportunity for me.”

F1 salaries

Alonso started his career in 2001 and has won 32 times from 346 appearances.

He starred for Renault in the early years before joining, and then quitting, McLaren after just one season following a turbulent campaign alongside the then-rookie Lewis Hamilton.

He returned to Renault before a four-year period at Ferrari where he came close to winning the title on two occasions. After falling out with the Italian team, he went back to McLaren, but the switch proved desperately unsuccessful and he took a two-year sabbatical at the end of 2018.

Alonso has proven in his 18 months at Alpine that he is still one of the grid’s top performers, out-performing his machinery to secure a front-row grid slot in rain-hit qualifying at June’s Canadian Grand Prix. He has also finished in the points at the last eight races.

Aston Martin have so far failed to deliver since their return to F1 last year after decades away.

Alonso’s hire will be seen as a major coup for Aston Martin. The Silverstone-based team are only seventh of 10 in the constructors’ standings following Sunday’s Hungarian Grand Prix – the final round before the summer break.

Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

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The Internet
Hive Mind
four stars

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Match statistics

Dubai Sports City Eagles 8 Dubai Exiles 85

Eagles
Try:
Bailey
Pen: Carey

Exiles
Tries:
Botes 3, Sackmann 2, Fourie 2, Penalty, Walsh, Gairn, Crossley, Stubbs
Cons: Gerber 7
Pens: Gerber 3

Man of the match: Tomas Sackmann (Exiles)

UAE currency: the story behind the money in your pockets
Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

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EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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Updated: August 01, 2022, 9:23 AM