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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...
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