In F1 money generated from sponsorship accounts for almost 50% of the revenue going into the sport.”  F1 research and development (R&D) costs in particular have risen steadily over the past decade.  Williams spend almost half (£48.1 million) of their annual budget of almost £100 million in this area of their business.  Meanwhile, the privately-owned Red Bull team spent almost £70 million on R&D last year, though it’s annual budget exceeded £200 million.

 Given that Red Bull have romped to three consecutive constructor titles, does this suggest that, like so many other sports nowadays, Formula One success is a direct function of the amount of money thrown at its participants?  With events like the Olympics, do the most wealthy countries do best? How much more money do some countries put in to their training budgets? Is that fair competition?

 Why do you think sports pay “superstar” wages?  What problems might there be with these sums of money?  “ Money in sport has got out of hand” What do you think? Explain your opinion  “Superstar salaries are too much” What do you think? Explain your opinion

 It is an advertising tool  It can be an individual being paid to wear certain brands of clothing or use certain makes of equipment  It could be sponsorship of a team  it could be a sports star advertising a product

 Wonga charge 4,214 per cent APR on its internet-based payday loans  Newcastle's starting eleven against Manchester United contained four practising Muslims, Demba Ba, Papiss Cissé, Cheick Tioté and Hatem Ben Arfa. Newcastle's  Under Sharia law, a Muslim is not allowed to benefit from lending or receiving money from someone, which means that earning interest is not allowed. Muslims comply by interest not being paid on Islamic savings, current accounts or Islamic mortgages.

 Woods’s agreement with Nike has been reported to be worth as much as $20 million a year since he signed a five-year contract in 2001, replacing an original $40 million agreement.  In March, Golf Digest magazine said Woods earned $77 million off the course in endorsements in 2012, while Sports Illustrated reported Woods’s 2012 earnings at closer to $40 million.  Sponsor Stays  While Woods lost endorsement deals with AT&T Inc., Accenture Plc (ACN) and TAG Heuer watches following a marital scandal in 2009, Nike remained by his side.Accenture Plc (ACN)  In January, Northern Ireland’s Rory McIlroy joined Woods, No. 1 in the Official World Golf Ranking, as a Nike endorser after ending his five-year relationship with Titleist. The Irish Times reported the agreement to be worth as much as $250 million over 10 years for the two-time major tournament winner. 

 The company hope that the sports star/team wearing a particular product/ using it will encourage fans to buy it.  The money from sponsorship enables individual and teams to compete at the highest levels.

 Barcelona FC and Rangers FC allow their shirts to be used by UNICEF (charity working for children’s rights worldwide) without payment  The aim is to get people to donate to the charity