News Details

Report: Ferrari wants Vettel to take ‘drastic' pay-cut

Ferrari has reportedly made its first official contract-extension offer to Sebastian Vettel, albeit one that would represent a significant downgrade for the four-time world champion. Per Sky Sport Italia, the Scuderia are offering Vettel merely a one-year extension to the three-year, 100 million deal he signed in 2017, with a 'drastic' decrease in salary. As the report notes, Vettel's stock at Ferrari took a significant hit in 2019 with the emergence of teammate Charles Leclerc, while the delayed start to the 2020 season has left him with no opportunity to reassert his position as the team's number one driver. Compounding matters, Ferrari already has a list of drivers it considers viable...
Full Story »
5y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Todt vs GP247: Lawyers request extension but go...

The inexplicable Jean Todt versus GrandPrix247 saga has taken a bizarre...
5y ago from GrandPrix247.com

Cancelling five races means losing ‘$100 million'

Helmut Marko has backed F1's decision to defer the 2021 rules for a year,...
5y ago from PlanetF1.com

Massa: I wouldn't replace Vettel with Hamilton

Ferrari would be making a mistake in partnering Lewis Hamilton with...
5y ago from GrandPrix247.com

Marko says lost races 'could cost teams 100 million'

Red Bull motorsports consultant Dr Helmut Marko says that the financial...
5y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Marco Bezzecchi explained what ‘key moment' he...

Marco Bezzecchi explained his first lap was the "key moment"...

MotoGP to return to Buenos Aires from 2027 season

MotoGP has officially announced that the Grand Prix of Argentina will...

Popular On IndyCarToday.com

O’Ward explains the multiple steps that came...

Pato O’Ward won Sunday’s IndyCar race from the streets of Toronto,...

Kyffin Simpson’s confidence ‘very high right...

When Kyffin Simpson crossed the finish line in Sunday’s Honda Indy...

IndyCar Toronto – Race Results

IndyCar completed its sole visit across the border this weekend, with a...

Popular On TotalWRC.com

Popular On GunnersToday.com

How Arsenal player has just reacted to Romano transfer...

Arsenal are reportedly closing in on the capture of the Sporting CP...
54m ago from CaughtOffside.com

Real Madrid want to sign Arsenal man alongside...

Arsenal are building a squad that is capable of challenging on all fronts,...
5h ago from CaughtOffside.com

'He’s interested in that move' – Insider...

Arsenal have been very active in the transfer market this summer,...
6h ago from CaughtOffside.com

'Conclusion imminent' – Arsenal to finally...

It's been a long few weeks, but Arsenal are finally about to complete the...
4h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.