Michael Schumacher update reveal that the F1 racing champ is still in a state of "minimal consciousness" as the medical team caring for Schumi 24/7 is already costing the family.

The NDTV Sports revealed Michael Schumacher update when it reported that "Schumacher is unable to move any of his body parts except the eyes and remains in a state of minimal consciousness."

The statement came from his manager Sabine Kehm who denied the reports circulating last week that the racing champ was already "significantly better."

The website also reported the statement from a spokesman for the Lausanne clinic that, "A large part of the team that cares for Michael now was trained by our specialists. We are following his treatment and are still a point of contact and entirely at his disposal."

Meanwhile, Daily Record reported more Michael Schumacher update when it said that the medical costs are already reaching £100,000 pounds a week for doctors fees and medical equipment.

"Formula One hero Michael Schumacher is surrounded by a 15-strong medical team battling 24 hours a day at a specially-built clinic at his Swiss mansion home," the publication said.

Last month, London's Mirror, reported that Michael Schumacher's wife Corinna was selling the grey Falcon 2000EX jet, which is described as capable of flying eight passengers at 600 miles per hour. It also has a personal insigna of the Formula One champion on the tail.

When he was still active in Formula One, Michael Schumacher reportedly traveled between 300 to 400 hours every year using the jet around the world. When he wasn't competing, he uses the jet to fly his family to destinations, or shuttle his kids, Gina Maria, 17, and Mick, 15 to their school in Switzerland.

But Michael Schumacher can very well afford top-notch medical therapy since the F1 champ is worth over £300 million, Daily Record said.