Max Verstappen determined to party at United States GP despite punishment threat


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Max Verstappen says he intends to spend the final four Grand Prix weekends of the season partying over his recent championship triumph, starting Sunday in Austin.

With the driver’s title already wrapped up and Red Bull near certain to win their first constructors’ championship since 2013 in the coming weeks, these are high times for the British-based operation.

At least they would be but for the looming spectre of their cost cap punishment, being the only team to have exceeded the $145m spend limit last season, considered a “minor violation” as they overspent by less than five per cent.

It’s believed Red Bull will not be stripped of their 2021 championship but fury still rages up and down the paddock, not least because of rivals’ assertions any advantage gained one year invariably rolls over to the season that follows.

Some have pointed out that an overspend of a few tens of thousands could be an oversight but a figure closer to $2m could hardly be accidental.

McLaren, banned and fined $100m in 2007 over the Spygate saga, have said a cost cap transgression is flat out cheating and many quarters are calling for a Red Bull punishment that effectively knobbles their 2023 campaign.

For their part, Red Bull resolutely insist their own accounting shows no overspend.

So deciding upon the scale of a penalty has put the FIA in something of a bind given Ferrari also ran into equally dubious waters two years ago (that time supposedly over a fuel flow sensors issue) and the previous FIA president Jean Todt struck a secret deal that has never been revealed.

Verstappen becomes champion in Japan

Another secret deal would leave a bad taste in the mouth for a sport that can ill afford more damage to its reputation at a time when it is enjoying something of a renaissance.

Given all that, Red Bull, a well known party team, are still unlikely to stint in their celebrations.

Time was when Lewis Hamilton and his Mercedes team rolled into town year after year with another world championship safely tucked away and their focus largely on fine-tuning their post-race party plans at Pete’s Dueling Piano bar in downtown Austin.

But now it’s Red Bull’s turn.

And the throbbing party town that it is, Austin remains one of the most popular venues on the calendar. It has an eclectic music culture and it’s hard not to like a city that has voted in a motto which says ‘Keep Austin Weird’.

Even the weather is on message. Balmy one year and violently unpredictable the next. In 2015 the entire grid was awoken by hurricane warning sirens. Buildings shook but it veered away leaving ‘only’ biblical rainfall.

But Austin still attracts record crowds. Last year’s 400,000 attendance was the biggest in the sport’s history by some distance – remarkable given the Americans don’t even have their own F1 driver.

That’s a significant evolution from the days when F1 raced in Phoenix to smaller crowds than the ostrich race down the road and driver names were so alien a phonetic guide was included in the race programme.

Red Bull's Max Verstappen waves on the podium after winning the 2021 United States Grand Prix. AFP
Red Bull's Max Verstappen waves on the podium after winning the 2021 United States Grand Prix. AFP

This year Austin fans will witness Verstappen’s attempt to match one of the toughest records in F1 - 13 wins in a season - shared by Michael Schumacher and Sebastian Vettel.

Given the superiority of his machinery on race day he’s a good bet to do just that on a circuit loaded with high speed, high G, corners that eat tyres and brakes.

And it’s something of an irony that radical rule changes to improve the racing have resulted in the most one-sided and dominant season in the sport’s history.

Designed to generate more competition the outcome, at the very front, has been just the opposite. Lando Norris’ result in Imola is the only time a driver outside the top teams has finished on the podium.

The rule-makers will argue with some justification it’s a case of short term pain for long term gain - history shows each radical change usually results in one team running away with it initially before the playing field levels out.

Of course some are hoping the cost cap penalty soon to be inflicted on Red Bull will speed up that process.

Whatever happens Austin, by it’s very nature, will be a party weekend as well as a race weekend with fans in the grandstands enjoying the spectacle before them but most minds within the paddock focused firmly on 2023.

The full list of 2020 Brit Award nominees (winners in bold):

British group

Coldplay

Foals

Bring me the Horizon

D-Block Europe

Bastille

British Female

Mabel

Freya Ridings

FKA Twigs

Charli xcx

Mahalia​

British male

Harry Styles

Lewis Capaldi

Dave

Michael Kiwanuka

Stormzy​

Best new artist

Aitch

Lewis Capaldi

Dave

Mabel

Sam Fender

Best song

Ed Sheeran and Justin Bieber - I Don’t Care

Mabel - Don’t Call Me Up

Calvin Harrison and Rag’n’Bone Man - Giant

Dave - Location

Mark Ronson feat. Miley Cyrus - Nothing Breaks Like A Heart

AJ Tracey - Ladbroke Grove

Lewis Capaldi - Someone you Loved

Tom Walker - Just You and I

Sam Smith and Normani - Dancing with a Stranger

Stormzy - Vossi Bop

International female

Ariana Grande

Billie Eilish

Camila Cabello

Lana Del Rey

Lizzo

International male

Bruce Springsteen

Burna Boy

Tyler, The Creator

Dermot Kennedy

Post Malone

Best album

Stormzy - Heavy is the Head

Michael Kiwanuka - Kiwanuka

Lewis Capaldi - Divinely Uninspired to a Hellish Extent

Dave - Psychodrama

Harry Styles - Fine Line

Rising star

Celeste

Joy Crookes

beabadoobee

The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

The specs

Engine: Turbocharged four-cylinder 2.7-litre

Power: 325hp

Torque: 500Nm

Transmission: 10-speed automatic

Price: From Dh189,700

On sale: now

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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Key recommendations
  • Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
  • Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
  • Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
  • More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.
Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

UAE currency: the story behind the money in your pockets
The specs: 2018 Jaguar E-Pace First Edition

Price, base / as tested: Dh186,480 / Dh252,735

Engine: 2.0-litre four-cylinder

Power: 246hp @ 5,500rpm

Torque: 365Nm @ 1,200rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.7L / 100km

Yemen's Bahais and the charges they often face

The Baha'i faith was made known in Yemen in the 19th century, first introduced by an Iranian man named Ali Muhammad Al Shirazi, considered the Herald of the Baha'i faith in 1844.

The Baha'i faith has had a growing number of followers in recent years despite persecution in Yemen and Iran. 

Today, some 2,000 Baha'is reside in Yemen, according to Insaf. 

"The 24 defendants represented by the House of Justice, which has intelligence outfits from the uS and the UK working to carry out an espionage scheme in Yemen under the guise of religion.. aimed to impant and found the Bahai sect on Yemeni soil by bringing foreign Bahais from abroad and homing them in Yemen," the charge sheet said. 

Baha'Ullah, the founder of the Bahai faith, was exiled by the Ottoman Empire in 1868 from Iran to what is now Israel. Now, the Bahai faith's highest governing body, known as the Universal House of Justice, is based in the Israeli city of Haifa, which the Bahais turn towards during prayer. 

The Houthis cite this as collective "evidence" of Bahai "links" to Israel - which the Houthis consider their enemy. 

 

EA Sports FC 24

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

The essentials

What: Emirates Airline Festival of Literature

When: Friday until March 9

Where: All main sessions are held in the InterContinental Dubai Festival City

Price: Sessions range from free entry to Dh125 tickets, with the exception of special events.

Hot Tip: If waiting for your book to be signed looks like it will be timeconsuming, ask the festival’s bookstore if they have pre-signed copies of the book you’re looking for. They should have a bunch from some of the festival’s biggest guest authors.

Information: www.emirateslitfest.com
 

Updated: October 20, 2022, 5:00 AM