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Report: Formula 1 leadership waives part of the salary

2020-04-07T08:39:47.788Z


London (dpa) - After several racing teams, the Formula 1 leadership is said to have taken austerity measures.


London (dpa) - After several racing teams, the Formula 1 leadership is said to have taken austerity measures.

Managing director Chase Carey, sports director Ross Brawn and 15 other executives say a daily Mail report says they will not receive 20 percent of their salary for two months because of the Corona crisis. In addition, half of the 500 employees of the Formula 1 operating company were sent on compulsory leave. This led to resentment among the employees, it was said.

Formula 1 canceled or postponed all races until at least June. How it will continue for the premier class of motorsport is currently completely open. The McLaren, Williams and Racing Point teams had also ordered many employees to take forced leave at government expense due to concerns about the economic consequences of the race break.

Daily Mail Report

Source: merkur

All sports articles on 2020-04-07

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