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...
5y 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...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Adelaide bids to host MotoGP’s first-ever street...
No description available...
23m ago from Motorsport.com
Victoria Government rejects MotoGP requests to move...
The Victoria State Government has rejected a request from MotoGP to move...
20h ago from MotorsportWeek.c...
Australian government rejects MotoGP proposal to race...
No description available...
1d ago from Motorsport.com
Dorna Sports unveils rebrand as part of MotoGP...
Dorna Sports has announced it will be officially known as MotoGP Sports...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
David Malukas heads the timesheets in opening IndyCar...
The NTT IndyCar Series held the first of two open test days at Phoenix...
10h ago from MotorsportWeek.c...
David Malukas paces first day of Unser IndyCar Open...
No description available...
10h ago from Motorsport.com
Dale Coyne “would like to be in the game” for...
No description available...
12h ago from Motorsport.com
George Barber, founder of iconic IndyCar venue, passes...
Barber Motorsports Park has announced that founder of the iconic track...
15h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
2d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
2d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
2d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal concerned about future of 23-year-old due to...
Arsenal could face a significant defensive decision this summer as...
1h ago from CaughtOffside.com
'We want to try and be brave' - Wolves boss sends...
Wolverhampton Wanderers head coach Rob Edwards acknowledged the quality in...
2h ago from SportsKeeda.com
'We're a family': my experience as a disabled Arsenal...
No description available...
2h ago from TheGuardian.com
‘Different but the same’: how Arsenal are keeping...
tandem with Game Day Vision, the Premier League club are improving the...
2h ago from TheGuardian.com
Comments
Hottest News
Oscar Piastri clears the air on McLaren's alleged 2025 F1...
Oscar Piastri has officially denied the... Read More »
53m ago from MotorsportWeek.com
LIVE: 2026 F1 Bahrain Pre-Season 2nd Test – Day 1
Follow along with the opening day of the second... Read More »
4h ago from RacingNews365.com
Toto Wolff makes 'ganging up' claim as F1 set for critical...
Toto Wolff believes rival F1 power unit... Read More »
53m ago from RacingNews365.com
