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

Gresini reveals extent of Alex Marquez's injuries...

Gresini Racing team manager Michele Masini revealed the extent of Alex...
14h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

IndyCar will not return to Thermal Club in 2026...

According to comments made by Thermal Club founder and owner Tim Rogers,...

Malukas’ recovery drive secures Foyt’s best team...

During Sunday’s IndyCar race at Road America, David Malukas was the...

Popular On TotalWRC.com

Ott Tanak ends Hyundai’s victory drought

Ott Tanak and Martin Jarveoja clinched their and Hyundai’s first...
16h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Papers: Gyokeres will refuse to return to Sporting to...

The top stories and transfer rumours from Monday's newspapers...
7h ago from SkySports.com

Decision made: Arsenal star is leaving the club...

Thomas Partey will officially leave Arsenal when his contract expires...
12h ago from CaughtOffside.com

Arsenal exploring deal for third striker amid Benjamin...

Arsenal are looking to sign a striker this summer, but so far, their...
12h 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.