Formula 1 is looking for ways to cap drivers’ salaries to cut costs. Something that has not sat well with many of them and that very well paid champions like Fernando Alonso seem lacking in logic.
For years, the Formula 1 strives to reduce costs to remain a sustainable and viable competition. However, the category still faces many high costs.
The fact of having introduced a budget cap it has relieved the accounts of many and allows the teams to present positive balances. But the mentioned limit, which this year is 141.2 million dollars, does not include all the expenses of a Formula 1 team.
“They are using us more and more to promote Formula 1, they ask us more and more and they benefit from it”
For example, the invoice of the motors, the salaries of the most senior managers or the marketing expenses. Y pilots’ salaries. An issue that the teams in the category are already studying how to limit.
A limit of 30 million dollars per couple
The negotiation between the teams and Formula 1 is already on the table and the initial objective is to impose a maximum of 30 million dollars of salary for the two regular drivers of each team.
Something that contrasts enormously with the salaries of proven pilots such as Lewis Hamilton, or Max Verstappen, which exceed 30 million dollars for them alone. Or that of Fernando Alonso, which is around 20 million.
“I do not think that it’s necessary. The pilots have always been out of this subject »affirms Fernando Alonso when asked about this matter of the salary limit for the pilots.
The Asturian considers that it does not make much sense to reduce the earnings of the pilots at a time when Formula 1 demands more attention and promotion than ever. “I think that drivers are being used more and more to promote Formula 1.. We do more and more events, we are more in contact with the fans.
“They ask us more and more and they are benefiting from that. So we should be off that cap. It is very complicated”, concludes the Alpine rider.
Font: motorsport.com