News Details

Carey takes pay cut, F1 staff ‘disguntled'

Formula 1 chief Chase Carey is taking a '20 per cent' pay cut but that doesn't seem to have appeased his furloughed staff. Formula 1, and the world as a whole, is facing an unprecedented crisis. As the coronavirus continues to wreck havoc around the globe, resulting in almost 75,000 deaths, countries remain in lockdown and the world's sport is on hold. This has already led to the UK-based McLaren, Williams and Racing Point F1 teams announcing that they would take up the government's furlough option, putting staff on paid leave of which the UK government pays 80 per cent of their salaries. Added to that both F1 teams said management and the drivers had taken pay cuts to help the teams...
Full Story »
5y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Sainz, Norris take pay cuts as McLaren furloughs staff

McLaren Formula 1 drivers Carlos Sainz and Lando Norris have both agreed...
5y ago from MotorsportWeek.com

Williams drivers join pay cut list, staff furloughed

Williams has joined McLaren in officially announcing pay cuts for senior...
5y ago from PlanetF1.com

McLaren F1 drivers take pay cut, staff furloughed

McLaren has become the first Formula 1 team to place its staff on...
5y ago from Crash.net

COVID-19: McLaren staff furloughed, drivers take pay...

McLaren became the first Formula 1 team to furlough staff because of the...
5y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Marc Márquez reigns supreme in Austria with...

t;li>Marc Márquez takes 142-point lead over brother AlexWins sixth GP...
13h ago from TheGuardian.com

Marc Marquez makes it six in a row with victory in...

Marc Marquez continued his dominance with a sixth consecutive win,...
16h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Strongest season yet for Pato O’Ward has been...

Pato O’Ward is having the best IndyCar season of his career, and is...

McLaren to auction future F1, IndyCar and WEC cars in...

McLaren is to auction future F1, IndyCar and World Endurance Championship...

Chip Ganassi: ‘We’re spoiled’ having drivers...

Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...

Popular On TotalWRC.com

Popular On GunnersToday.com

Report: Premier League trio circling to sign £30m...

Jakub Kiwior’s Arsenal future looks increasingly uncertain, with...
6h ago from FreshArsenal.com

'That's a worry' – Roy Keane aims dig at Arsenal...

Manchester United legend Roy Keane has aimed a sly dig at Arsenal even...
10h ago from CaughtOffside.com

'Glaring issue' – Gary Neville names the signing...

Manchester United legend Gary Neville has made it clear that his old club...
9h ago from CaughtOffside.com

Ruben Amorim worryingly has to tell Altay Bayindir how...

Manchester United manager Ruben Amorim has responded to his goalkeeper...
10h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.