Carlos Sainz's F1 career has gone under the radar but that will soon end when he joins Ferrari. Getty Images
Carlos Sainz's F1 career has gone under the radar but that will soon end when he joins Ferrari. Getty Images
Carlos Sainz's F1 career has gone under the radar but that will soon end when he joins Ferrari. Getty Images
Carlos Sainz's F1 career has gone under the radar but that will soon end when he joins Ferrari. Getty Images

Ferrari-bound Carlos Sainz soon gets his chance to prove there is more to F1's nearly man


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At first sight it appears utter recklessness.

Ferrari have axed four-time champion Sebastian Vettel for an unknown Spaniard who has only made the podium twice in six years.

And they have dispensed with the German’s vast experience when they need it most – coming off the back of Maranello’s worst season in 40 years.

If he wasn’t the son of a legendary rally champion of the same name it would be fair to say 26-year-old Carlos Sainz has risen practically without trace.

He is F1's nearly man. Nearly on the podium again at the last round in Bahrain, so nearly won in Monza too.

His performances often close to the podium last year with McLaren got so little airtime even his own father joked sarcastically about “the invisible man”.

Sainz signs off from McLaren on Sunday at the Etihad Airways Formula One Abu Dhabi Grand Prix, the 118th Grand Prix of his career, and begins preparing for life in one of the most sought-after seats in F1 alongside Maranello’s golden boy Charles Leclerc.

A superficial glance down the grid would suggest a handful of names have better credentials: Lewis Hamilton, Fernando Alonso, Daniel Ricciardo, Sergio Perez, Nico Hulkenberg, Kimi Raikkonen and Max Verstappen for starters.

So how did Sainz leapfrog the queue?

Ex-boss Trevor Carlin believes he has the answer. Carlin has had many of the world’s top drivers in his cars as they scaled the lower formula aiming at F1.

Sainz was a Red Bull Academy driver in 2014.

“The one thing you could rely on with Carlos was that if there was any moisture in the air, any rain, he will be at the front,” Carlin told Sky Sports. “He won his first race at Monza [in Formula 3] in torrential rain. He dominated it.”

But Carlin believes the budding F1 racer felt the pressure of his famous name in those early years.

“It’s the legacy of being Carlos’ son, of being a Red Bull driver and the pressure from Helmut [Marko, Red Bull boss]. It was tough.

“[At Red Bull] he struggled with the pressure. Now he is relaxed and is driving naturally and normally. It’s been brilliant. What it will be at Ferrari is a different kettle of fish but then the expectations aren’t on him, they are on Charles so maybe it will play into Carlos’ hands.”

A deep dive into his career suggests there could be more to Sainz than his scant CV. At Toro Rosso in 2015 he was only a fraction slower than the mighty Max Verstappen and in the first four races of 2016 he shaded the Belgian by a fraction before he left.

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Yas Marina's pandemic prep for Abu Dhabi Grand Prix

  • Yas Marina Circuit ahead of the 2020 Abu Dhabi Grand Prix. Victor Besa / The National
    Yas Marina Circuit ahead of the 2020 Abu Dhabi Grand Prix. Victor Besa / The National
  • The circuit is quieter than usual ahead of the racing. Victor Besa / The National
    The circuit is quieter than usual ahead of the racing. Victor Besa / The National
  • Cleaning operations begin in preparation for the racing. Victor Besa / The National
    Cleaning operations begin in preparation for the racing. Victor Besa / The National
  • Sanitising crews work at the track's West Entrance. Victor Besa / The National
    Sanitising crews work at the track's West Entrance. Victor Besa / The National
  • Workers are lifted up on raised platforms. Victor Besa / The National
    Workers are lifted up on raised platforms. Victor Besa / The National
  • Cleaning begins at the circuit's main entrance. Victor Besa / The National
    Cleaning begins at the circuit's main entrance. Victor Besa / The National
  • A cleaning crew begins work from a platform. Victor Besa / The National
    A cleaning crew begins work from a platform. Victor Besa / The National
  • Ferrari World is seen in the background behind the circuit. Victor Besa / The National
    Ferrari World is seen in the background behind the circuit. Victor Besa / The National
  • A cleaner is lifted up. Victor Besa / The National
    A cleaner is lifted up. Victor Besa / The National
  • A cleaning crew prepares to sanitise a canopy at the track. Victor Besa / The National
    A cleaning crew prepares to sanitise a canopy at the track. Victor Besa / The National
  • A cleaning crew prepares to sanitise a canopy at the track. Victor Besa / The National
    A cleaning crew prepares to sanitise a canopy at the track. Victor Besa / The National
  • Yas circuit's control tower. Victor Besa / The National
    Yas circuit's control tower. Victor Besa / The National
  • A cleaner is lifted up. Victor Besa / The National
    A cleaner is lifted up. Victor Besa / The National
  • A cleaning crew prepares to sanitise a canopy at the track. Victor Besa / The National
    A cleaning crew prepares to sanitise a canopy at the track. Victor Besa / The National

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The problem for many is that the Spaniard looks pedestrian beside the cavalier cut and thrust of Verstappen. And he failed to shine in the ensuing two years at Renault or the two that followed at McLaren.

Financially, though, the move makes sense. Sebastian Vettel earns close to $35 million. Ricciardo would have demanded over $20m, Alonso too. Sainz will be lucky to be getting $5m. Besides them Sainz looks a snip.

Ferrari, though, have always been able to rely on Fiat’s deep pockets. After all, why fork out $20m when no amount of talent is going to make a difference until you get the car sorted?

Boss Mattia Binotto has made it plain Ferrari are, for once, thinking long term in a bid to end decades of boom and bust.

Sainz has the additional marginal benefit of speaking fluent Italian – never a critical factor but one not to be discarded when you are not only a racer but also a crusader carrying the machismo of an entire nation.

Even so, the absence of an experienced world champion for the first time since 1995 seems like an unnecessary gamble.

Some speculate Sainz is only a one year stop-gap until Ferrari unveils a bigger name already on the hook for the new era starting 2022. And that could only mean Hamilton or Verstappen.

Others believe Sainz has appeal as an uncomplicated, controllable No 2 to Leclerc. Perhaps Ferrari’s Valtteri Bottas? Good enough to deliver if they are in the hunt for the constructor’s championship but not fast enough to disturb the Frenchman’s mojo.

Carlin gives short shrift to the idea Sainz will be content to be a timid No 2.

“No chance. That’s not going to happen. I think he’s going to shock people with how quick he is.”

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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204-cyl%20turbo%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C600rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C500-4%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.9L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh119%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

ICC Awards for 2021

MEN

Cricketer of the Year – Shaheen Afridi (Pakistan)

T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)

ODI Cricketer of the Year – Babar Azam (Pakistan)

Test Cricketer of the Year – Joe Root (England)

WOMEN

Cricketer of the Year – Smriti Mandhana (India)

ODI Cricketer of the Year – Lizelle Lee (South Africa)

T20 Cricketer of the Year – Tammy Beaumont (England)

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero

MATCH INFO

West Ham United 2 (Antonio 73', Ogbonna 90 5')

Tottenham Hotspur 3 (Son 36', Moura 42', Kane 49')

Ahmed Raza

UAE cricket captain

Age: 31

Born: Sharjah

Role: Left-arm spinner

One-day internationals: 31 matches, 35 wickets, average 31.4, economy rate 3.95

T20 internationals: 41 matches, 29 wickets, average 30.3, economy rate 6.28

BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

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.”

BUNDESLIGA FIXTURES

Friday (all kick-offs UAE time)

Hertha Berlin v Union Berlin (10.30pm)

Saturday

Freiburg v Werder Bremen (5.30pm)

Paderborn v Hoffenheim (5.30pm)

Wolfsburg v Borussia Dortmund (5.30pm)

Borussia Monchengladbach v Bayer Leverkusen (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Sunday

Schalke v Augsburg (3.30pm)

Mainz v RB Leipzig (5.30pm)

Cologne v Fortuna Dusseldorf (8pm)

 

 

Brief scores:

Pakistan (1st innings) 181: Babar 71; Olivier 6-37

South Africa (1st innings) 223: Bavuma 53; Amir 4-62

Pakistan (2nd innings) 190: Masood 65, Imam 57; Olivier 5-59