The UAE’s wealthy businessmen and royals have fallen so in love with the grandeur of polo they are spending tens of millions just so they can play. Others have created loss-making events to attract the ultra-rich but how much are they willing to pay for the notoriously expensive game?
By this time next year, five of the current 11 Formula One teams will probably be out of business. It’s now not a question of if it will happen but merely when it will happen. Marussia and Caterham have already gone and the Sauber, Lotus and Force India teams seem ready to join them. So in 12 months time there could be just six teams left on the grid, all forced to run three-car teams to maintain the semblance of a show. That is the harsh truth that spells out the finances of Formula One today.
Teeing-off in Dubai is becoming ever more interesting, with several new and revamped golf courses being announced in recent months. There’s now more than a dozen either open or on their way in a city of 1.1 million. So will they all survive, or will the poorest performers be relegated to bogey status?
Andy Gray and Richard Keys are two of the best known faces in British sports broadcasting. As they prepare to head up Al Jazeera Sport’s live coverage of the English Premier League, Arabian Business meets the popular duo in Qatar.
The $10bn Formula One circus already has a strong presence in the Middle East, with the Abu Dhabi and Bahrain F1 races firm fixtures of the 2013 season. With Emirates Airline now added as a global sponsor, F1 supremo Bernie Ecclestone is widening his ambitions in the Gulf, and the possibility of a regional team or a third race could still be on the cards.