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 »
5y 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...
5y 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...
5y ago from GPBlog.com

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

Jun.8 The days when Lewis Hamilton earns eye-popping amounts of money...
5y ago from OneStopStrategy.com

Ecclestone 'looking around' for a buyer for Williams

Former F1 supremo Bernie Ecclestone is helping the Williams family find a...
5y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

David Malukas tops 175MPH in IndyCar’s opening...

Just five days after the opening round of the 2026 IndyCar season,...

Chip Ganassi praises current health of IndyCar

Long-time team owner Chip Ganassi feels IndyCar is currently in one of...
20h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal to battle it out with Man City for £48m...

Arsenal are interested in signing the Como attacker Jesus Rodriguez at the...
58m ago from CaughtOffside.com

Martin Odegaard among 8 players Arsenal are...

Martin Odegaard has surprisingly emerged as one of the players Arsenal are...
58m ago from SportsKeeda.com

'Don’t really care about what he says' –...

Arsenal’s 1-0 victory over Brighton & Hove Albion might not have been a...
2h ago from CaughtOffside.com

CaughtOffside's Transfer Fit rating explained: Michael...

Transfers are a big part of football, and it's every bit as chaotic and...
3h 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.