Sebastian Vettel and Red Bull Racing once again take up their almost customary place among the nominations for the prestigious Laureus Sports Awards with less than 24 hour to go before the winners are revealed.

Both parties were nominated for the awards following their F1 world championship success in 2013, repeating the appearances they made on the 2013 candidates list - in the sportsman of the year and team of the year categories - following their 2012 success. They ultimately missed out to sprinter Usain Bolt and the European Ryder Cup golf squad when the winners were announced in Rio de Janeiro. Former F1 pilot turned Paralympic hero Alex Zanardi was also nominated, in the disabled achievement category, in 2013, but he too came up short.

Vettel and RBR are the only motorsport-related nominees for the 2014 Awards, and again face stiff competition in their respective categories.

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The German, who clinched a fourth consecutive world title on the back of nine back-to-back race wins to end the 2013 season, is listed against Bolt, fellow athlete Mo Farah, basketball's Lebron James, tennis ace Rafael Nadal and Portuguese soccer hero Cristiano Ronaldo.

Christian Horner's Red Bull squad, meanwhile, faces competition from champions of five other sporting disciplines, comprising the New Zealand rugby All Blacks, Bayern Munich and the Brazilian national soccer team, NBA kings Miami Heat and the tennis doubles pairing of Bob and Mike Bryan.

The 2014 Awards will be presented in Malaysia later today [Wednesday], as the country gears up for this weekend's grand prix.