F1 »

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.”


Related Pictures

Click on relevant pic to enlarge
Fernando Alonso (ESP) Renault R28 With Brake Light Reflected In Eye, Chinese F1 Grand Prix, Shanghai, 17th-19th October 2008
25.05.2017 - Free Practice 2, Jolyon Palmer (GBR) Renault Sport F1 Team RS17
25.05.2017 - Free Practice 2, Jolyon Palmer (GBR) Renault Sport F1 Team RS17
25.05.2017 - Free Practice 2, Kevin Magnussen (DEN) Haas F1 Team VF-17 and Jenson Button (GBR) McLaren MCL32
25.05.2017 - Free Practice 2, Nico Hulkenberg (GER) Renault Sport F1 Team RS17
25.05.2017 - Free Practice 2, Jenson Button (GBR) McLaren MCL32
25.05.2017 - Free Practice 2, Jenson Button (GBR) McLaren MCL32
25.05.2017 - Free Practice 2, Jenson Button (GBR) McLaren MCL32
25.05.2017 - Free Practice 2, Ross Brawn (GBR) Formula One Managing Director of Motorsports
25.05.2017 - Free Practice 2, Sean Bratches, Formula 1 Managing Director, Commercial Operations and Ross Brawn (GBR) Formula One Managing Director of Motorsports
25.05.2017 - Free Practice 2, Jenson Button (GBR) McLaren MCL32 and Sergio Perez (MEX) Sahara Force India F1 VJM010
25.05.2017 - Free Practice 2, Jenson Button (GBR) McLaren MCL32
25.05.2017 - Free Practice 2, Jenson Button (GBR) McLaren MCL32
25.05.2017 - Free Practice 2, Jolyon Palmer (GBR) Renault Sport F1 Team RS17
25.05.2017 - Free Practice 2, Jolyon Palmer (GBR) Renault Sport F1 Team RS17
25.05.2017 - Free Practice 2, Jenson Button (GBR) McLaren MCL32
25.05.2017 - Free Practice 2, Nico Hulkenberg (GER) Renault Sport F1 Team RS17
25.05.2017 - Free Practice 2, Nico Hulkenberg (GER) Renault Sport F1 Team RS17

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


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



© 1999 - 2017 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.