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

Joan Mir reveals ‘realistic position’ for Honda...

Joan Mir revealed his sixth-place in Sunday’s Austrian MotoGP race was...
15h ago from MotorsportWeek.c...

Francesco Bagnaia ‘running out of patience’ with...

Francesco Bagnaia revealed it is “difficult to explain” his 2025...
19h ago from MotorsportWeek.c...

Casey Stoner slams MotoGP's new stability control...

Two-time MotoGP champion Casey Stoner has voiced his disapproval of...

Popular On IndyCarToday.com

NASCAR Trucks to join IndyCar for St. Petersburg race...

The 2026 schedule for the NASCAR Craftsman Truck Series (NCTS) was...
12h ago from MotorsportWeek.c...

MSR extends Marcus Armstrong contract for 2026 IndyCar...

Meyer Shank Racing announced on Monday that it will keep Marcus Armstrong...

Popular On TotalWRC.com

Popular On GunnersToday.com

Real Madrid Transfer News Roundup: Manchester City end...

Real Madrid started the new season with a 1-0 win over Osasuna in midweek...
35m ago from SportsKeeda.com

'Here we go' for Eberechi Eze to Arsenal as details...

Eberechi Eze to Arsenal has been declared a 'here we go' by transfer guru...
7h ago from CaughtOffside.com

Arsenal make move to hijack rivals Tottenham's deal...

Arsenal have made a late move to beat rivals Tottenham Hotspur to the...
9h ago from SportsKeeda.com

Arsenal close to Eze deal as Spurs move on to other...

Arsenal are close to agreeing a deal with Crystal Palace to sign Eberechi...
9h ago from SkySports.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.