In motorsport, if you want to play, you have to pay



ABU DHABI // Of the 12 amateur drivers competing in this weekend’s TRD86 Cup at the Yas Marina Circuit, the majority have, from their own deep pockets, paid US$40,000 (Dh147,000) for the privilege.

Such financial sums will appear as eye-watering as a chopped onion to some, so it is little surprise the Emirates’ embryonic racing series has been dismissed by critics as merely boys and their toys.

A playground for princes, they say, with no place for paupers.

However, to judge it as such would be to view motorsport as if it were football or rugby or any other sport that can be played in a park with minimal equipment and some friends.

The fact is, in the same way everybody who has ever visited a race circuit knows the mantra “motorsport can be dangerous”, everyone with a serious interest in racing also knows motorsport is expensive.

A season in Formula Renault costs $200,000.

Two weeks competing in the Dakar Rally will set a driver back $100,000. Formula One, long the top tier of motorsport, is so costly these days the paddock is flooded with drivers chosen for their sponsors – often governments and billionaires – more than their skills behind the wheel.

Shihab Al Faheem, one of six Emiratis competing in the single-make TRD86 Cup on Friday, sits second in the standings ahead of Round 2.

He acknowledges the scepticism surrounding amateur drivers paying large fees to race but says that when it comes to starting out on the road to a racing career it makes sense.

"You cannot just jump into any racing series. You need experience," Al Faheem said. "I cannot just go and hop into the Porsche GT3 Cup unless I am fully sponsored – and what is the point, anyway, if I have no experience?

“There are people who go into Porsche just because they have sponsors, but they do not do well. Just because they have sponsors does not mean they are good drivers.

“For me, if I am paying out of my own pocket, this is the best way to begin.”

When the first of six rounds of the inaugural season took place last month, both races were won by Karim Al Azhari, an Abu Dhabi-born German passport holder who is vastly more experienced than Al F aheem.

Al Azhari has competed in the FIA GT3 Series. Al Faheem’s only on-track involvement is limited to karting.

Yet after eight laps and 22 minutes, the difference past the chequered flag in both races was little more than half a second.

“This is a good series for inexperienced drivers to start,” Al Faheem said.

“It’s a tough competition. Everyone is taking it very serious, and when I sit on the grid before the start, I think only of winning.

“Yes, Karim has more experience, but I finished only 0.5 seconds behind him, so for me, the only way I will deem this weekend a success is if I finish first.”

Also on track at Yas tomorrow is the Formula Gulf 1000, the country’s national single-seater championship, and UAE Time Attack, a new qualifying-like series that involves production-based sports cars competing to record the fastest single lap.

Al Tareq Al Ameri, chief executive at Yas Marina, said the competitions – which combine to make up the Yas Racing Series – are helping to nurture future professionals.

“There is a huge appetite for affordable, entry-level racing action from both amateur drivers and spectators, and we are doing all we can to facilitate this demand,” he said.

It may not be affordable to all, but those who are intent on a career in motorsports, such as Al Faheem, appreciate the opportunity the TRD86 Cup provides.

The cost of future success is not cheap.

gmeenaghan@thenational.ae

Follow us on twitter at @SprtNationalUAE

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Brolliology: A History of the Umbrella in Life and Literature
By Marion Rankine
Melville House

The biog

Title: General Practitioner with a speciality in cardiology

Previous jobs: Worked in well-known hospitals Jaslok and Breach Candy in Mumbai, India

Education: Medical degree from the Government Medical College in Nagpur

How it all began: opened his first clinic in Ajman in 1993

Family: a 90-year-old mother, wife and two daughters

Remembers a time when medicines from India were purchased per kilo

Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties