Red Bull boss Dietrich Mateschitz has warned that the Austrian energy drinks company will pull their teams out of Formula 1, should the budget cap rules for the 2010 World Championship remain as they are.
An optional budget cap of £40 million will be introduced next year by the FIA. Teams who sign up to the cap will be allowed greater technical freedom and other benefits, while those who choose to continue to spend freely will face rule restrictions, generating fears that a ‘two-tier’ championship could be created… Details
The Surf Industry Manufacturers Association (SIMA) will honor surfing icon Rob Machado as Waterman of the Year, surfer and enviro-warrior Dave Rastovich as Environmentalist of the Year, and the incomparable late industry leader Dick Baker with the 2009 Lifetime Achievement Award, as part of the association’s annual Waterman’s Weekend environmental fundraiser.
The 2009 Waterman’s Weekend will be held August 6-7 and will raise funds for 18 ocean conservation organizations. The weekend begins Thursday, August 6, with the Waterman’s Classic Golf Tournament at the Monarch Beach Golf Links, and culminates on Friday, August 7, with the 20th Annual Waterman’s Ball and Auction. SIMA is excited to celebrate the 20th anniversary of the Waterman’s Ball by returning the event to The Ritz-Carlton Laguna Niguel, Calif… Details
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Lance Armstrong’s Astana team must straighten out its financial crisis by May 31 or risk being suspended.
Astana team manager Johan Bruyneel said Monday that the International Cycling Union sent a warning letter to Kazakhstan’s cycling federation.
“That’s the deadline to arrange the whole financial situation. If it’s not taken care of by then, the letter says that the team will be suspended,†Bruyneel said. “At least we’re going to be able to finish the Giro.â€
The Giro d’Italia, which Armstrong is racing for the first time, ends May 31 … Details
Former world cycling champion Tom Boonen drew a heavy fine from his team on top of his indefinite suspension after testing positive for cocaine a second time. His actions could keep him from the Tour de France.
The Belgian failed the drug test last month. He will enter therapy and be allowed to stay with the Quick Step team, which will announce the amount of the fine later.
Tour de France organizers barred him last year after his first positive test and are expected to decide shortly on his status for this summer’s race.
“At issue is an occasional use of cocaine, triggered by certain situations during leisure time … Details