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Alonso salary slashed by 30 per cent at Renault

Much as Jenson Button did to help ensure that Brawn GP made the starting grid in Formula 1 in 2009, it has emerged that Renault duo Fernando Alonso and Nelsinho Piquet have both accepted a reduction in salary ahead of the forthcoming campaign.

After the revelation that Button voluntarily sacrificed some £15 million off his retainer over the following three years, it is understood that former double F1 World Champion Alonso has agreed to ditch 30 per cent of his annual salary at Renault – equating to roughly €5 million.

The French manufacturer has received a government bail-out to the tune of some €3 billion – and with persistent doubts over the continued participation of its F1 operation against the backdrop of the current global economic crisis, 50 employees have been made redundant at the team's UK base at Enstone in Oxfordshire.

“Fernando has had a salary cut, like everyone at the factory,” Renault F1 managing director Flavio Briatore told British newspaper the Daily Express. “It is sad, but we were in a bubble in F1 and now to preserve the business and the majority of the jobs we need to take action.”


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23.03.2017 - The helmet of Nico Hulkenberg (GER) Renault Sport F1 Team RS17
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The D

March 26, 2009 4:42 PM

Let's face it, all top sportsmen are or have been well overpaid for a very long time. Alonso & Button may have set a trend and maybe we will see more realistic salaries being handed out to top footballers, F1 drivers etc.

Mikel - Unregistered

March 26, 2009 9:51 PM

I agree, ALL top sportsmen have been overpaid. There are a lot of overpaid Formula 1 drivers on the grid. ...but actually there are more reasons to reduce Jenson's salary as Fernando's



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