News Details

Ecclestone: 'Golden days' of 50M contracts over for Hamilton

Bernie Ecclestone says Lewis Hamilton's days of earning a massive retainer from Mercedes are over, the former F1 supremo predicting significant pay cuts for all drivers. Formula 1's disrupted season due to the coronavirus is set to finally get underway next month, but the financial damage to the sport caused by the pandemic is forcing teams to rein in costs. The introduction next year of a budget cap along with other regulation measures will help mitigate the effects of the economic downturn, but driver salaries - although excluded from the cost cap items - aren't immune to the sport's slump. Hamilton lashes out at UK government for COVID handling Hamilton's contract with Mercedes is up...
Full Story »
4y ago from F1i.com 0
Share

You May Also Be Interested In...

Spa-Francorchamps and Hungaroring extend contracts...

Promoters of the Belgian and Hungarian Grands Prix have extended their...
4y ago from F1i.com

Ecclestone on Hamilton: 'He'll never earn that much...

If we may believe former Formula 1 boss Bernie Ecclestone, the golden...
4y ago from GPBlog.com

No more '50 million' contracts for Hamilton -...

Jun.8 The days when Lewis Hamilton earns eye-popping amounts of money...
4y ago from OneStopStrategy.com

Ecclestone 'looking around' for a buyer for Williams

Former F1 supremo Bernie Ecclestone is helping the Williams family find a...
4y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar hopefuls complete test day at Thermal Club

Six different drivers completed a private test day at The Thermal Club on...

Arrow McLaren parts ways with IndyCar Team Principal...

Arrow McLaren announced on Tuesday that Team Principal Gavin Ward has...

Popular On TotalWRC.com

Popular On GunnersToday.com

Official announcement soon: latest Man City update is...

Pep Guardiola has agreed a contract extension with Man City which will see...
6h ago from CaughtOffside.com

West Ham could have £27.5m failure back for major...

West Ham and Niclas Fullkrug is a relationship that has yet to get going...
5h ago from CaughtOffside.com

Spurs 'join' Arsenal in race to sign La Liga star...

Tottenham Hotspur reportedly join rivals Arsenal in the race to sign a La...
8h ago from SportsMole.co.uk

Newcastle 'idol' Bruno Guimaraes addresses Man City...

Newcastle United 'idol' Bruno Guimaraes responds to speculation linking...
8h ago from SportsMole.co.uk

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.