Ecclestone: No more '50 million' contracts for Hamilton
Jun.8 - The days when Lewis Hamilton earns eye-popping amounts of money per year from Formula 1 are over.
That is the view of Bernie Ecclestone, who warned the six-time world champion against "playing poker" with Mercedes over his expiring current contract.
"Lewis will never make EUR 50 million (per year) again," the former F1 supremo told Blick newspaper.
"All the drivers will have to take major cuts. The golden days are over," Ecclestone added.
89-year-old Ecclestone, who has returned to Switzerland with his wife to prepare for the birth of their child, said the situation with coronavirus in Brazil is "chaos".
"The worst thing is that no one there knows what to do. Bolsonaro is powerless and apparently without a plan," he said.
But even though he is now back in Europe, Ecclestone says he will not attend F1's return to racing next month.
"The race (in Austria) falls exactly on my wife's appointment," he said. "Otherwise I would have gone to Spielberg for fun."
Ecclestone, who stepped down as F1 CEO in 2017, said he disagrees with the decision to hold the first race in conjunction with F2, F3 and Porsche Supercup support events.
"To do that they have to reduce the number of media and the sponsors in particular are certainly not happy," he said.
4 F1 Fan comments on “Ecclestone: No more '50 million' contracts for Hamilton”
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Wanna' solve the driver contract AND team budget problems? Easy. Pay every driver in F1 an equal fixed salary plus travel expenses. The only team/driver negotiation would be over what each brings to the table, and team synergy would certainly improve. Might even spotlight a good car builder who can't afford a top driver. From a fan's point of view, no change. We still end up with most often the best driver in the best car, and it certainly moves the emphasis from money to racing.
Nothing,like socialism in F1 to make it more exciting, huh?
Hey Swede, you get it, but I prefer "democratic" socialism...sounds better. LOL
Keep the money in F1 and a free reign on development, it is always amazing what the designers come up with