News Details
Carey takes pay cut, F1 staff ‘disguntled'
Formula 1 chief Chase Carey is taking a '20 per cent' pay cut but that doesn't seem to have appeased his furloughed staff. Formula 1, and the world as a whole, is facing an unprecedented crisis. As the coronavirus continues to wreck havoc around the globe, resulting in almost 75,000 deaths, countries remain in lockdown and the world's sport is on hold. This has already led to the UK-based McLaren, Williams and Racing Point F1 teams announcing that they would take up the government's furlough option, putting staff on paid leave of which the UK government pays 80 per cent of their salaries. Added to that both F1 teams said management and the drivers had taken pay cuts to help the teams...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
Sainz, Norris take pay cuts as McLaren furloughs staff
McLaren Formula 1 drivers Carlos Sainz and Lando Norris have both agreed...
4y ago from MotorsportWeek.com
Williams drivers join pay cut list, staff furloughed
Williams has joined McLaren in officially announcing pay cuts for senior...
4y ago from PlanetF1.com
McLaren F1 drivers take pay cut, staff furloughed
McLaren has become the first Formula 1 team to place its staff on...
4y ago from Crash.net
COVID-19: McLaren staff furloughed, drivers take pay...
McLaren became the first Formula 1 team to furlough staff because of the...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
The seven-day lead time at Michelin that made the...
No description available...
1h ago from Motorsport.com
Marquez set to ride both Ducati GP25 and GP24 bikes in...
No description available...
3h ago from Motorsport.com
Jorge Martin vs Francesco Bagnaia: MotoGP title...
The 2024 season finale awaits as Jorge Martin holds a 24-point lead over...
1d ago from MotorsportWeek.c...
How Martin can clinch the 2024 MotoGP title in the...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
AJ Foyt technical director Michael Cannon leaves team
Michael Cannon, AJ Foyt Racing’s revered engineer and technical...
1d ago from MotorsportWeek.c...
The testing parity problems plaguing the most...
No description available...
1d ago from Motorsport.com
Chip Ganassi Racing announces driver development...
Chip Ganassi Racing has launched a new driver development program, which...
5d ago from MotorsportWeek.c...
Shwartzman makes IndyCar switch with Prema for 2025
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Hyundai's 2025 WRC car will feature "reasonable...
No description available...
3d ago from Motorsport.com
What Lancia needs to do to transform its rally return...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Robert Lewandowski receives tempting offer to leave...
No description available...
38m ago from SportsKeeda.com
Martin Zubimendi: Man City to give Real Sociedad 'a...
Manchester City are reportedly going to give Real Sociedad 'a long and...
28m ago from SportsMole.co.uk
Director sets date to leave current club as Arsenal...
Real Sociedad director Roberto Olabe is reportedly leaving the club at the...
1h ago from CaughtOffside.com
Manchester United ready to offer 23-year-old star as...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
Ferrari announce new major F1 sponsor
Ferrari has put pen to paper on a new major F1... Read More »
3h ago from RacingNews365.com
Is Antonelli ready for Mercedes yet? 'In Mexico he was too...
Juan Pablo Montoya is uncertain if Andrea Kimi... Read More »
48m ago from GPBlog.com
HUGE Monaco Grand Prix decision made as F1 announce...
Formula 1 has made an official announcement... Read More »
1h ago from GPFans.com
