From GMM
It has emerged that the cut to two-time World Champion Fernando Alonso's 2009 retainer represents more than a third of his originally contracted pay. Renault team boss Flavio Briatore revealed on Tuesday that the Spanish driver, and his teammate Nelson Piquet, agreed to reduce their salaries in reaction to the global recession. The Milan magazine 'Chi' said the Italian did not mention figures, but the British newspaper Daily Mail claims that 27-year-old Alonso's reduction was from about 13m (euro) in the original contract, to just over 8.5m. The newspaper did not say how much Brazilian Piquet was due to earn this season, but it is claimed the 23-year-old was one of the sport's lowest earners who will now be paid just 270,000 (euro). "Fernando has had a salary cut, like everyone at the factory," Briatore told the Daily Express. Renault has already shed 50 jobs at its Enstone base, the Italian told the newspaper. "It is sad but we were in a bubble in F1 and now to preserve the business and the majority of the jobs we need to take action," he said. Photos: Renault
Recent Articles
|
Racing Multimedia
Recommendations |