Marko expects salary ceiling: ‘Verstappen will not be happy with that’ Formula 1

Marko expects salary ceiling: ‘Verstappen will not be happy with that’

By Srihari HS 22 mei 2020 | 12:25

Helmut Marko expects the budget ceiling to be expanded in the coming years. Soon, the driver’s salaries will also fall under the budget limits, according to the Red Bull Racing advisor. That would mean that Max Verstappen may have problems due to his substantial salary in the future.

“We now have a budget ceiling for developing the technology and for working in a team (employee salaries). Max Verstappen will not be happy with this, but in the future, there will also be a budget ceiling on driver salaries,” the Austrian told ORF.

Top drivers nowadays earn large paychecks in sports. Although the exact number was not known, Motorsport-Total suggests Lewis Hamilton earns approximately 37 million euros annually. These amounts may no longer be possible in the future.

However, the limits would apply only to fixed salaries. Drivers are usually paid bonuses per Grand Prix victory and for winning the world championship. “With those bonuses, the final amount is indeed above 37 million,” the man from Graz continued.

Red Bull backs budget ceiling

The current budget ceiling proposal is lower than initially expected. However, the Austrian racing outfit appears to be in favour of the reduction: “We are open to this, but the decrease in expenditure must be gradual.”

The budget ceiling will drop well below 150 million euros on an annual basis in the coming years. According to Marko, it is still a considerable amount: “That is still a lot of money. If this is necessary to bring the teams closer together on the asphalt, I think the budget ceiling is a step in the right direction.” (Photo: Red Bull Content Pool / Getty Images)



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