Jules Bianchi’s accident, while highly unfortunate, had little to do with the wet conditions in Japan, writes our columnist. Getty Images
Jules Bianchi’s accident, while highly unfortunate, had little to do with the wet conditions in Japan, writes our columnist. Getty Images

No point blaming anyone for Jules Bianchi accident



Even before it happened, the harbingers were evident. In the build-up to the Japanese Grand Prix, the talk was of Typhoon Phanfone and the havoc it might wreak. Suggestions were made the race could start earlier in the day – or even a day earlier – to avoid the downpours that were forecast.

Bernie Ecclestone, Formula One Group’s chief executive, who must be credited for successfully developing it into an international money-spinning race series, did what he always does: what he deems best for his sport.

He dismissed advice to bring the race forward, telling Forbes: “I’m not moving anything anywhere. Nothing is changing at the minute. If it rains, the teams will race.”

And so they did. The 15th contest of the 2014 season started as scheduled at 3pm local time. With the heavens having opened 10 minutes earlier, it did so under safety-car conditions and with all 22 cars on wet tyres.

Forty-one completed laps later, and with the weather having eased slightly, Adrian Sutil aquaplaned off the track. One lap later Jules Bianchi suffered the same issue at the same part of the track. After 46 laps, the race was red-flagged, with the result brought back to Lap 44, and Lewis Hamilton was handed a race win he will likely never cherish.

Bianchi, a Marussia driver of immense talent, was taken unconscious to hospital by ambulance after his car had violently collided with the recovery truck treating Sutil’s Sauber.

The FIA, motorsport’s ruling body, said he suffered “severe” head injuries, was undergoing surgery and would later be taken to intensive care.

It would be easy to say such an accident could have been avoided, but such a sweeping statement would be foolhardy. Every accident in F1 could be avoided if races never took place.

Hamilton, Nico Rosberg, Sebastian Vettel and Jenson Button all said, post-race, that conditions were not a problem and the track was drive-able on intermediate tyres – the compound used when the track is too dry for wet-weather rubber.

Niki Lauda, the former world champion, suffered horrendous burns at the rain-hit 1976 German Grand Prix, a race he had ferociously demanded be called off.

On Sunday he said the FIA, the sport’s governing body, did everything correct in Japan, but he conceded the race could have started two hours earlier.

The time shift would have meant improved weather conditions and improved visibility.

Lauda is correct: the race could have and should have started earlier. It is believed the FIA twice suggested the start time be brought forward, but race promoters Honda refused. They had their reasons, but to blame Honda would be ill-advised.

Such an accident was not foreseeable, was not a direct result of the weather and could just as likely have happened at almost any other circuit and any other race on the calendar.

Motorsport is dangerous, of that there has never been any doubt.

Bianchi’s accident is one of the most serious in F1 since Ayrton Senna’s fatal crash at San Marino in 1994.

The fact the sport has not witnessed a death in the 20 years since is testament to the vastly improved safety regulations. Yet lessons must be learnt from Sunday’s events.

Inevitably, the focus will now be on what could have been done differently. While the weather and start timing should have been dealt with better, a more pressing consideration for the future must be the rules regarding recovery vehicles and their presence on track.

Bianchi’s accident occurred under yellow flags, but it would not have occurred under safety-car conditions. The FIA would be wise to use the accident at Suzuka to prompt a regulation dictating that whenever a recovery vehicle is on track, a safety car is mandatory.

“We always have to be aware that motor racing is very dangerous,” Lauda said on Sunday. “This accident is the coming together of various difficult things: one car goes off, the truck comes out and then the next car goes off. It was very unfortunate.”

It is natural to look for somebody to blame, but the focus should instead be on making the sport safer. Change the rules regarding recovery vehicles and accidents similar to that of Bianchi can be avoided.

gmeenaghan@thenational.ae

Follow our sports coverage on Twitter @SprtNationalUAE

The Year Earth Changed

Directed by:Tom Beard

Narrated by: Sir David Attenborough

Stars: 4

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
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)
Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

Call of Duty: Black Ops 6

Developer: Treyarch, Raven Software
Publisher:  Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
UAE currency: the story behind the money in your pockets
COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

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The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
APPLE IPAD MINI (A17 PRO)

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Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

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Company%20Profile
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Company%20Profile
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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.”

MATCH INFO

Day 2 at the Gabba

Australia 312-1 

Warner 151 not out, Burns 97,  Labuschagne 55 not out

Pakistan 240 

Shafiq 76, Starc 4-52

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

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The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now


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