Felipe Massa is just one of the victims to crash at Circuit Gilles Villeneuve's 'Wall of Champions'. Reuters
Felipe Massa is just one of the victims to crash at Circuit Gilles Villeneuve's 'Wall of Champions'. Reuters
Felipe Massa is just one of the victims to crash at Circuit Gilles Villeneuve's 'Wall of Champions'. Reuters
Felipe Massa is just one of the victims to crash at Circuit Gilles Villeneuve's 'Wall of Champions'. Reuters

Canadian GP: Montreal's 'Wall of Champions' adds extra drama to an already exciting race


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The history, and perhaps even the persona, of the Canadian Grand Prix is embodied by a battle-scarred three-foot thick wall of concrete that wraps the outside of the final bend.

Like the Montreal venue, which stages Sunday’s F1 Grand Prix, it is, at first sight, underwhelming, easy to underestimate but utterly deadly.

The Wall of Champions earned it’s moniker not because of the legends who have stood there, inscribed their names or sped past on their way to victory.

It is because so many of the sport’s greatest drivers have been caught out and dramatically crashed out of contention.

Most famously Michael Schumacher, Damon Hill, Jacques Villeneuve (twice at his home race, that must have hurt), Sebastian Vettel and even the silky smooth Jenson Button.

Of course there are many others, all punished for hunting extra milliseconds with an overly ambitious attack on what looks like an easy right, left flick.

But hit the first kerb (appropriately enough Turn 13) too hard or too fast and it’s game over.

The worst element, surely, is that the ignominious belly-scraping escapade, usually on just two or three wheels, happens on the track right in front of the entire pit lane.

Surely the old Indycar adage applies – there are only two types of driver, those who have hit the wall and those who are about to.

So far the man of the moment, runaway championship leader Max Verstappen, has got away with just a glancing, sparking, ‘kiss’.

Even Lewis Hamilton, who has won there a record seven times, confessed: “I never like to talk about the Wall of Champions. You never want it to suck you in.”

The Isle Notre Dame circuit is located on an island in the St Lawrence Seaway, 10 minutes from central Montreal. Open to winds and spray that impact the unused track so profoundly lap times can improve six seconds between Friday and Sunday as tyre rubber goes down and grip improves.

Car speeds top 350kph and the brake discs (used to running at 900º C) get so hot they have been known to set fire to the suspension.

The high speed set-up conflicts with a low grip track and a need to clatter all five chicanes hard to eek out the best time on a Saudi-like layout with walls just feet away.

The recipe makes for frequent crashes and safety car interruptions which pull the grid together and double the drama which, historically, is not slow in coming. Remember Sebastian Vettel stripped of victory in 2019 or Jenson Button winning a six pit-stop, rain drenched, four-hour epic?

How about Robert Kubica’s fearsome crash in 2007 or his comeback victory a year later? Then there’s Hamilton accidentally ramming the rear of Kimi Raikkonen in the pit lane.

Paradoxically, despite the endless drama, history records that the man who started on pole has won nine times in 14 years and five of the last six.

But Mercedes admit the nature of the track means they will not be as competitive as they were in Spain when they finished second and third with their redesigned car. “We are not thinking we will be nipping at the heels of Red Bull but more in the battle with Ferrari, Aston Martin and even Alpine,” said trackside engineering director Andrew Shovlin.

But it’s races like these that will demonstrate whether Spain was an accumulation of lucky circumstances or that Mercedes are in the foothills of a real championship challenge.

Red Bull’s domination should fade as their 2022 overspending punishment bites late in the season while Mercedes will have vastly more mandated development resource time but not the money to capitalise after such a substantial car redesign.

Having won the season opener by 35 seconds and still a similarly dominant 23 seconds ahead at the last race Red Bull boss Christian Horner refutes suggestions their pursuers have made up ground.

Max Verstappen of Red Bull on his way to winning the Spanish GP at Circuit de Barcelona-Catalunya. Getty Images
Max Verstappen of Red Bull on his way to winning the Spanish GP at Circuit de Barcelona-Catalunya. Getty Images

They are so dominant some pundits are hyping up Red Bull’s chances of winning every race this season. Verstappen has led every one of the last 154 laps since mid-Miami, three races back. Their next win will be the 24th in 27 and the team’s landmark 100th.

A disastrous pair of races has seen erstwhile title contender Sergio Perez slip 53 points behind his teammate ahead of Montreal.

Behind-the-scenes Mercedes boss Toto Wolff has admitted Hamilton’s signing now rests on the numbers and some paddock speculation has it that George Russell nipping at the great champion’s heels for less than a 10th of the salary means he may have to consider a pay cut.

But that is about as likely as a drama-free Canadian Grand Prix.

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.”

Pots for the Asian Qualifiers

Pot 1: Iran, Japan, South Korea, Australia, Qatar, United Arab Emirates, Saudi Arabia, China
Pot 2: Iraq, Uzbekistan, Syria, Oman, Lebanon, Kyrgyz Republic, Vietnam, Jordan
Pot 3: Palestine, India, Bahrain, Thailand, Tajikistan, North Korea, Chinese Taipei, Philippines
Pot 4: Turkmenistan, Myanmar, Hong Kong, Yemen, Afghanistan, Maldives, Kuwait, Malaysia
Pot 5: Indonesia, Singapore, Nepal, Cambodia, Bangladesh, Mongolia, Guam, Macau/Sri Lanka

The specs: 2018 Jeep Grand Cherokee Trackhawk


Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WonderTree%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20April%202016%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Muhammad%20Waqas%20and%20Muhammad%20Usman%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Karachi%2C%20Pakistan%2C%20Abu%20Dhabi%2C%20UAE%2C%20and%20Delaware%2C%20US%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Special%20education%2C%20education%20technology%2C%20assistive%20technology%2C%20augmented%20reality%3Cbr%3EN%3Cstrong%3Eumber%20of%20staff%3A%20%3C%2Fstrong%3E16%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EGrowth%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Grants%20from%20the%20Lego%20Foundation%2C%20UAE's%20Anjal%20Z%2C%20Unicef%2C%20Pakistan's%20Ignite%20National%20Technology%20Fund%3C%2Fp%3E%0A

Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

Schedule for show courts

Centre Court - from 4pm UAE time

Johanna Konta (6) v Donna Vekic

Andy Murray (1) v Dustin Brown

Rafael Nadal (4) v Donald Young

 

Court 1 - from 4pm UAE time

Kei Nishikori (9) v Sergiy Stakhovsky

Qiang Wang v Venus Williams (10)

Beatriz Haddad Maia v Simona Halep (2)

 

Court 2 - from 2.30pm

Heather Watson v Anastasija Sevastova (18)

Jo-Wilfried Tsonga (12) v Simone Bolelli

Florian Mayer v Marin Cilic (7)

 

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

MATCH INFO

Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')

Leeds United 0 

TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Updated: June 15, 2023, 4:36 AM