News Details
Renault's confirms pay cut for top earner Ricciardo
Renault F1 boss Cyril Abiteboul has confirmed that Daniel Ricciardo will lose a slice of his hefty retainer this season as a result of the coronavirus crisis and its impact on F1. Ricciardo's two-year deal with the French outfit initially called for a $55m pay-out, an amount that was disclosed last year following a legal dispute between the Australian driver and his former manager. An abbreviated campaign and the sport's economic downturn amid the COVID-19 pandemic means the 30-year-old will likely see a rebate of at least 20 percent on his basic $27.5m annual salary. Renault follows rivals with staff furlough at Enstone "It’s a discussion we’ve already had," said Abiteboul...
Full Story »
Full Story »
You May Also Be Interested In...
Abiteboul: Ricciardo will take a pay cut
Daniel Ricciardo will take a pay cut to help Renault through the...
5y ago from GrandPrix247.com
Haas becomes fifth F1 team to furlough staff, drivers...
Haas has placed the majority of its UK-based staff on furlough with both...
6y ago from Crash.net
Ricciardo's salary gets cut by Renault in negotiation...
The corona crisis puts a part of the Formula 1 teams under heavy...
5y ago from GPBlog.com
Ricciardo: F1 should consult drivers on 2020 schedule...
Daniel Ricciardo believes Formula 1 and the FIA should sound out drivers...
6y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
7h ago from MotorsportWeek.c...
Alex Marquez still involved in Ducati’s MotoGP...
No description available...
9h ago from Motorsport.com
Aleix Espargaro to undergo surgery after vertebral...
No description available...
11h ago from Motorsport.com
Nicolo Bulega is not Ducati's "first choice"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Exclusive Q&A: Mick Schumacher believes 'great things...
No description available...
2h ago from Motorsport.com
Experienced engineer Mike O’Gara joins IndyCar as...
IndyCar has announced that Mike O’Gara has joined the series as Vice...
4h ago from MotorsportWeek.c...
Mike O’Gara named IndyCar’s Vice President of...
No description available...
5h ago from Motorsport.com
Christian Lundgaard: Bye week a chance to “unite”...
No description available...
21h ago from Motorsport.com
Popular On TotalWRC.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
3h ago from Motorsport.com
Why WRC Croatia victory was “quite special” for...
No description available...
2d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Liverpool & Chelsea alerted as 21-year-old...
Jacobo Ramon has been linked with a move away from Como at the end of the...
19m ago from CaughtOffside.com
Report: Arsenal plot double raid on Serie A clubs to...
Marco Palestra has been linked with a move away from Italy at the end of...
9m ago from CaughtOffside.com
Arsenal ready to challenge Europe’s elite in...
Arsenal are keeping tabs on the highly talented Fredrikstad FK midfielder...
2h ago from CaughtOffside.com
Chris Sutton singles out Arsenal star with brutal...
BBC Sport pundit Chris Sutton has suggested that Arsenal star William...
9m ago from CaughtOffside.com
Comments
Hottest News
Jos Verstappen fumes at Max Mercedes claim: 'He needs his...
Jos Verstappen claims there is no truth to the... Read More »
1h ago from GPFans.com
F1 2026 farce exposed as Ferrari turn to Formula E for help
When Max Verstappen compared F1 to 'Formula E on... Read More »
1h ago from GPFans.com
Max Verstappen receives fresh warning as Oscar Piastri...
Check out all the biggest stories of the day with... Read More »
49m ago from RacingNews365.com
