Consider the following statements in respect of the Laureus World Sports Award which was instituted in the year 2000:
1. American golfer Tiger Woods was the first winner of this award.
2. The award was received mostly by ‘Formula One’ players so far.
3. Roger Federer received this award maximum number of times compared to others.
Which of the above statements are correct?

The correct answer is 1 and 3 only.

Step-by-step breakdown and evaluation of each statement:

1. Statement 1: "American golfer Tiger Woods was the first winner of this award."
This statement is correct. The Laureus World Sports Awards were established in 1999 by Founding Patrons Daimler and Richevis and supported by Founding Partners Mercedes-Benz and IWC Schaffhausen. The inaugural ceremony took place on May 25, 2000, in Monaco. American golfer Tiger Woods was awarded the initial Laureus World Sportsman of the Year award.

2. Statement 2: "The award was received mostly by ‘Formula One’ players so far."
This statement is incorrect. While Formula One drivers (such as Michael Schumacher, Sebastian Vettel, and Lewis Hamilton) and teams have received Laureus awards over the years, the award has not been dominated mostly by Formula One players compared to all other sports combined. Tennis players, for instance, have received the World Sportsman of the Year award more times than any other sport category (with Roger Federer, Rafael Nadal, and Novak Djokovic winning numerous times).

3. Statement 3: "Roger Federer received this award maximum number of times compared to others."
This statement is correct. Swiss tennis legend Roger Federer holds the record for the most Laureus awards won by an individual. He has won a total of 6 Laureus awards: 5 for Laureus World Sportsman of the Year (won consecutively from 2005 to 2008, and again in 2018) and 1 for Laureus World Comeback of the Year (2018).

Since statements 1 and 3 are correct while statement 2 is incorrect, the correct option is 1 and 3 only.