Connect with us

Bernie Ecclestone

Mercedes F1 screwed me on bonus payments – Ecclestone

Published

on

  • 8
    Shares
Mercedes F1 screwed me on bonus payments - Ecclestone

Mercedes F1 screwed me on bonus payments – Ecclestone

F1 Supremo Bernie Ecclestone is looking reform a new prize money system more focused on performance and would no longer feature bonus payments.

Mercedes earned an extra bonus by meeting an agreed target of winning two world championship, and Ecclestone sees that as an example of a top team earning extra funds on merit.

Under the new prize money structure , Bernie wants to scrap the bonuses paid to the likes of Ferrari, for being the sport’s most historical team, and Red Bull, McLaren, Mercedes and Williams, who are also paid bonuses just for being in the sport.

“It would really be the same sort of system because when they came in, they were on a basic, basic salary. Because they committed to stay to 2020, and we knew – if they committed, they would stay. Ecclestone told reporters at the Red Bull Ring.

“So we said if you do what Red Bull did, win a championship, you’re going to get extra. If you win two… And I said to our board, ‘They’re never going to win a championship, let alone two.’

“So they screwed me and won two championships.”

About the potential future advantages for the smaller teams of a new system, Ecclestone said: “At the moment they have no chance of getting this money that we’re talking about. They don’t have any chance.

“But we’re going to make sure they’re in a position where they do, if they perform. Then they’ll be in the same position as everybody else.

“I think they’ll be happy with this new idea, because they’ve been unhappy with it how it is now. So they must be happier in the future.”

Comments

Latest Results




Latest F1 News

2018 F14 weeks ago

Lauda announces 2019 grand prix return

8SharesNiki Lauda has allayed fears that he might not return to his post at the grands prix with Mercedes. In...

2018 F14 weeks ago

Sauber still building staff numbers – Vasseur

8SharesSauber is still building up its staff numbers, boss Frederic Vasseur has revealed. The Swiss team almost collapsed two years...

2018 F14 weeks ago

Red Bull ‘will look to Verstappen’ in 2019 – Horner

8SharesMax Verstappen will have a more significant role at Red Bull next year. That is the view of Christian Horner,...

2018 F14 weeks ago

London could join Silverstone in F1 – Brawn

8SharesRoss Brawn says a grand prix in the centre of London would be “unacceptable”. But the F1 sporting chief thinks...

2018 F14 weeks ago

Kubica not offended by Vettel comments

8SharesRobert Kubica says he is not offended by comments made by quadruple world champion Sebastian Vettel. Ferrari’s Vettel said that...

2018 F14 weeks ago

Verstappen happy with Ricciardo replacement

8SharesMax Verstappen says he is happy with Red Bull’s pick for his new teammate. The Dutchman says he cannot understand...

2018 F14 weeks ago

Renault to keep working over Christmas

8SharesStaff at Renault’s works F1 team will work throughout the Christmas and New Year period. That is the news from...

2018 F11 month ago

Force India to launch 2019 car in Canada

8SharesForce India has become the second F1 team to announce a reveal date for its 2019 car. Ferrari boss Maurizio...

2018 F11 month ago

“it was a difficult experience, but it made me stronger,”- Sirotkin

8SharesSergey Sirotkin says his aim is to return to formula one in 2020. The Russian has been replaced at Williams...

2018 F11 month ago

McLaren success is ‘long term’ aim – Sainz

8SharesCarlos Sainz says McLaren is aiming for success only in the medium to long term. The Spaniard says he is...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media