F1 cancelled this year?

F1 cancelled this year?

Author
Discussion

North West Tom

11,032 posts

140 months

Tuesday 26th May 2020
quotequote all
thegreenhell said:
Apparently they are cutting 1200 staff, of which only 70 wil be from the F1 side.
70 is still quite a lot of people. What kind of roles are going to be cut I wonder?

TheDeuce

8,539 posts

29 months

Tuesday 26th May 2020
quotequote all
Eric Mc said:
McLaren have stated that it's a combination of no F1 so far this year and a collapse in road car sales.
Did the government actually buy any of their respirators?
I think they cancelled all mass qty orders from the various teams. There was no overall shortage in the end.

The teams still got paid for the R&D effort etc.

The no F1 thing must be so costly. Impossible to know the agreements each team has with each sponsor but it's a certainty that reduced races/exposure will equate to a relative drop in sponsor income.

Road car sales.. virtually none existent for the last few months and then sure to be a handful of slow years to follow. By which time road car manufacturers will also be facing new waves of emmisions legislation and penalties.

It's a st sandwich really.


Eric Mc

114,390 posts

228 months

Tuesday 26th May 2020
quotequote all
North West Tom said:
thegreenhell said:
Apparently they are cutting 1200 staff, of which only 70 wil be from the F1 side.
70 is still quite a lot of people. What kind of roles are going to be cut I wonder?
Based on suggestions from PHers on this thread, tyre changers at pit stops.

jsf

21,750 posts

199 months

Tuesday 26th May 2020
quotequote all
Eric Mc said:
McLaren have stated that it's a combination of no F1 so far this year and a collapse in road car sales.
Did the government actually buy any of their respirators?
McLaren made the trolley the respirator was mounted to.

jsf

21,750 posts

199 months

Tuesday 26th May 2020
quotequote all
North West Tom said:
70 is still quite a lot of people. What kind of roles are going to be cut I wonder?
Mostly be in design and hospitality.

SmoothCriminal

3,376 posts

162 months

Tuesday 26th May 2020
quotequote all
McLaren are always bleating about something recently be it cost cap or cost to race etc etc yet still managed to sign the third highest paid driver on the grid for 21.

I very much doubt he took a $14.5 million pay cut to drive for mclaren.

anonymous-user

17 months

Tuesday 26th May 2020
quotequote all
SmoothCriminal said:
McLaren are always bleating about something recently be it cost cap or cost to race etc etc yet still managed to sign the third highest paid driver on the grid for 21.

I very much doubt he took a $14.5 million pay cut to drive for mclaren.
You could well make a point. 70 x normal salary could cover a good chunk of the difference between Sainz and Ricciardo.

Fundoreen

2,085 posts

46 months

Tuesday 26th May 2020
quotequote all
Its motor racing and they want the best results in order to get more prizemoney and sponsor payments for the team as a whole to survive.
I guess if it was a biscuit factory you would question one new highly paid employee at this time.

ralphrj

3,050 posts

154 months

Tuesday 26th May 2020
quotequote all
REALIST123 said:
SmoothCriminal said:
McLaren are always bleating about something recently be it cost cap or cost to race etc etc yet still managed to sign the third highest paid driver on the grid for 21.

I very much doubt he took a $14.5 million pay cut to drive for mclaren.
You could well make a point. 70 x normal salary could cover a good chunk of the difference between Sainz and Ricciardo.
1. Salaries of big name drivers are often paid by sponsors. Lewis Hamilton has stated publicly that he was never a McLaren driver as his salary (even pre-F1) was always paid by Mercedes so that is who he considered to be his employer.

2. Plenty of drivers have in the past had 'pay by points' contracts. Nelson Piquet had this at Benetton in 1990 and won both the last 2 races which earned him $2m. Damon Hill was offered a '$1m per win and nothing else' deal to drive for McLaren in 1998 in place of David Coulthard but (knowing how unreliable their 1997 car was) rejected it by angrily hanging up - not his best decision.

Great Dane

2,477 posts

129 months

Tuesday 26th May 2020
quotequote all
The budget cap will mean redundancies both at the teams and the suppliers.... unless the rumours of Ferrari to Indy and or Sportscars are true to redeploy money and spend the money they expected to spend in F1 :-)

thegreenhell

8,158 posts

182 months

Tuesday 26th May 2020
quotequote all
ralphrj said:
Damon Hill was offered a '$1m per win and nothing else' deal to drive for McLaren in 1998 in place of David Coulthard but (knowing how unreliable their 1997 car was) rejected it by angrily hanging up - not his best decision.
I've read that it was $2m basic plus $1m per win. Instead he took the $5m offer from Jordan, and won the same number of races in 1998 as Coulthard anyway (just one). The big unknown is how he would have fared against Hakkinen in the same team.

Ahonen

4,720 posts

242 months

Tuesday 26th May 2020
quotequote all
thegreenhell said:
The big unknown is how he would have fared against Hakkinen in the same team.
I think we can make an educated guess.

The Hypno-Toad

10,433 posts

168 months

Wednesday 27th May 2020
quotequote all
thegreenhell said:
ralphrj said:
Damon Hill was offered a '$1m per win and nothing else' deal to drive for McLaren in 1998 in place of David Coulthard but (knowing how unreliable their 1997 car was) rejected it by angrily hanging up - not his best decision.
I've read that it was $2m basic plus $1m per win. Instead he took the $5m offer from Jordan, and won the same number of races in 1998 as Coulthard anyway (just one). The big unknown is how he would have fared against Hakkinen in the same team.
What ever the deal was the story at the time was that it was withdrawn after Damon sent his lawyer to negotiate on his behalf to an appointment with Ron. Ron reportedly said if he can't be bothered to come to talk to me himself, he isn't driving for Mclaren.

That sounds a bit weird knowing Damons reputation as being a thoroughly decent bloke but I think if that is the case, part of the his trouble within F1 at the time clearly came from his advisors & hangers on. Anyone even remotely interested in F1 knew that you wouldn't do that to Big Ron.

TwentyFive

309 posts

29 months

Wednesday 27th May 2020
quotequote all
SmoothCriminal said:
McLaren are always bleating about something recently be it cost cap or cost to race etc etc yet still managed to sign the third highest paid driver on the grid for 21.

I very much doubt he took a $14.5 million pay cut to drive for mclaren.
Planet F1 reporting this morning that he has taken a 60 percent pay cut to leave Renault.

He was on €25m at Renault and will be on €10m at McLaren.

However he will get €400k for every podium he scores and €1m per win.

https://www.planetf1.com/news/daniel-ricciardo-mcl...

TheDeuce

8,539 posts

29 months

Wednesday 27th May 2020
quotequote all
TwentyFive said:
Planet F1 reporting this morning that he has taken a 60 percent pay cut to leave Renault.

He was on €25m at Renault and will be on €10m at McLaren.

However he will get €400k for every podium he scores and €1m per win.

https://www.planetf1.com/news/daniel-ricciardo-mcl...
Given the factors involved, that seems like a pretty reasonable deal for all parties.


rev-erend

20,810 posts

247 months

Wednesday 27th May 2020
quotequote all
Looks like the days of high salaries for new driver contracts are for the moment, a thing of the past.

Deesee

4,957 posts

46 months

Wednesday 27th May 2020
quotequote all
rev-erend said:
Looks like the days of high salaries for new driver contracts are for the moment, a thing of the past.
10 mill basic and 40k a point are in line with Max’s contract and a little more than CLC’s.

The Renault deal was outrageous, I’ve seen heists take longer and yield less cash.

TheDeuce

8,539 posts

29 months

Wednesday 27th May 2020
quotequote all
Deesee said:
10 mill basic and 40k a point are in line with Max’s contract and a little more than CLC’s.

The Renault deal was outrageous, I’ve seen heists take longer and yield less cash.
Indeed. And with the raft of upcoming talent the established big hitters will have to get real about their salary expectations moving forwards. Except lord Lewis of course, although even he might have to re-think his opening offer of driving for £60m a year.. scratchchin

As for DR specifically, after his dull Renault holiday he's now set for life and can crack on worrying more about performance and race wins hopefully. Still hopeful he'll find his way back to a top car before too long...

Deesee

4,957 posts

46 months

Wednesday 27th May 2020
quotequote all
Latest on the european calendar.. which avoids any political implications (at present).. no hockenheimfrown

Jul 5 - Austria
Jul 12 - Austria
Jul 19 - Hungary
Aug 2 - Britain
Aug 9 - Britain
Aug 16 - Spain
Aug 30 - Belgium
Sep 6 - Italy

To be followed by Sochi & Baku..

Deesee

4,957 posts

46 months

Wednesday 27th May 2020
quotequote all
TheDeuce said:
Deesee said:
10 mill basic and 40k a point are in line with Max’s contract and a little more than CLC’s.

The Renault deal was outrageous, I’ve seen heists take longer and yield less cash.
Indeed. And with the raft of upcoming talent the established big hitters will have to get real about their salary expectations moving forwards. Except lord Lewis of course, although even he might have to re-think his opening offer of driving for £60m a year.. scratchchin

As for DR specifically, after his dull Renault holiday he's now set for life and can crack on worrying more about performance and race wins hopefully. Still hopeful he'll find his way back to a top car before too long...
Lewis will find his own price, after all he has never taken a salary from a F1 team.. his base pay came from Daimler then Daimler/Petronas and ++ his own image rights, if you look at other prominent sports people his 45m£ /60m $ Is reasonable..(yep just said that)..if you were the F1 team principle, he is Resident superstar , Ronaldo/Messi/Steph Curry, Your looking 100m + base pa..


DR, well a very large proportion of that salary went to his advisor, (via a high court order after the driver disputed it) ahem..

I just hope McLaren can get him driving again, after all his best season with 3 wins was 6/7 yrs ago, in 2012 that would have put you in contention, in 2019/2020 that puts you as a wingman..

Can’t see him getting a ‘top 4/6’ drive now, there’s faster younger/cheaper every yr..

Looking back now (this is hard to write), Christian would have made it right for him... in a young mans sport Dani made the wrong choice, Dani had experience and age over a very young max, and should have stuck it out.