0:09 - Max is Earning More Than Ricciardo? 1:06 - F1s Huge Opportunity
2:05 - Fast Feed
Max is Earning More Than Ricciardo?
Red Bull’s Max Verstappen is seen by many as one of the brightest stars in F1 and a probable future world champion.
Many F1 experts had suggested that Red Bull were paying top dollar to ensure that he isn’t lured away by any other team.
The actual salary that he receives has always been a matter of speculation though as salary details of drivers are not made public by the teams in F1.
His father Jos Verstappen has, however, given an idea of how much his son earns
“I tell you Max is very, very well paid – top two, top three”
He explained why
"Max is very highly rated by Helmut. Max is for sure a top-paid driver."
He also confirmed that Daniel Ricciardo’s deal with Renault is also lower in comparison
"The Ricciardo deal is less than us..."
Mercedes’ Lewis Hamilton is considered to be the highest-paid driver in F1 by many experts. Jos touched on that before summing up his words rather vaguely
"I don't know how much Lewis gets, I can only tell you that we've done well"
F1s Huge Opportunity
While the topic of a lower budget cap rages on in F1, Formula E chairman Alejandro Agag has suggested that the budget cap needs to be even more radical.
He began by explaining how the current situation offers the perfect opportunity to implement something like that
"In general, this could be an opportunity for motorsport. Especially for Formula 1, it could be a huge opportunity to restructure the entire model"
"I'm hearing about budget caps of $125 million and that sort of thing. Then why not have a cost cap of $75 million and make everyone really profitable?"
He spoke about the Concorde agreement and why it is great that it hasn’t been signed yet.
"Perhaps it is a good thing that the Concorde Agreement has not yet been signed, because it contained a great many things that were a kind of burden for Formula 1. Some teams earned so much and some teams so little"
"Perhaps there is now an opportunity to completely change the entire system. If people don't realise that the world will be different after the coronavirus, they are making a big mistake. The opportunity is there now but you have to take it."
Fast Feed
- McLaren’s Lando Norris is "not going to change” while ensuring that he says the “right things at the right time and not come across” “as someone who's” only trying to be funny and “not taking things seriously"
- Former F1 driver and two time 24 Hours of Le Mans winner Hans-Joachim Stuck feels that “it is not at all feasible to race without an audience” as it would not be “profitable as a sport”
- Former FIA president Max Mosley has suggested that “the situation risks getting worse if we wait” and that “it will be clearer for the teams and Grand Prix organisers to take action and plan for the future" if the season is cancelled now
- Renault team principal Cyril Abiteboul has revealed that their driver Daniel Ricciardo will reduce his salary in the wake of the inactivity in F1 right now
- He also confirmed that there is always the possibility that Ricciardo may leave the team at the end of the season and that they are already looking at backup driver options through their junior program
- Formula E chairman Alejandro Agag feels that only 6 or 7 of the 35 or so major championships in motorsports will survive the current crisis bought on by the pandemic
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