zzdcar
Home
/
Reviews
/
Racing
/
McLaren Formula One Drivers Take Voluntary Pay Cut As The Team Weathers Coronavirus Shutdown
McLaren Formula One Drivers Take Voluntary Pay Cut As The Team Weathers Coronavirus Shutdown-August 2024
2024-02-19 EST 22:11:05

Image for article titled McLaren Formula One Drivers Take Voluntary Pay Cut As The Team Weathers Coronavirus Shutdown

McLaren Formula One racers Carlos Sainz and Lando Norris have as many team members have been furloughed. The McLaren factory is all but shut down in the wake of by the spread of coronavirus across the globe.

The team based in Woking, Surrey has become the first F1 team to confirm it has taken the UK Government’s job retention plan, which allows employers to put staff on leave while paying them £2,500 per month (around $3100). Sainz and Norris will allegedly be receiving the same 2,500 quid checks (cheques?) as the rest of the team. CEO Zak Brown and all of the other senior management of the team have agreed to pay cuts, but did not clarify how much would be cut.

“The McLaren Group is temporarily furloughing a number of employees as part of wider cost-cutting measures due to the impact of the COVID-19 pandemic on its business,” a McLaren spokesperson said. “These measures are focused on protecting jobs in the short-term to ensure our employees return to full-time work as the economy recovers.”

, Carlos Sainz was set to make $5,800,000 during the 2020 season, while Lando Norris was on track for just $370,000. Both numbers include the individual racers’ endorsement deals. Assuming these endorsement deals still stand, both drivers will still probably make a decent chunk of their income from those sponsor engagements, rather than paid out by the team.

As a long-time follower of Formula One, it is a little strange to see the team that in 2007 working on austerity measures to make it through this temporary shut down. But, without any races running at the moment, the team is facing a lengthy period of great expense and no income.

Many measures have already been taken to reduce the expense teams are seeing, including moving the annual mandatory factory shut-down “summer break” from August to April. Especially in McLaren’s case, it is likely that shut-down will extend at least a couple of months. Further, the teams have already agreed to freeze development in 2020, extend the use of 2020 chassis , and are discussing extending .

Formula One has been a rich guy sport for a long time, with budgets in the hundreds of millions, but it’s on the verge of crashing down around us. How long can these teams last without any income from the sport? I shudder at the thought.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Racing
Porsche Might Build A New Prototype To Race At Daytona And Le Mans
Porsche Might Build A New Prototype To Race At Daytona And Le Mans
The recently-announced that will share duty between IMSA and the WEC has captured the attention of Porsche’s motorsport department. The lower-cost replacement for LMP1 will run alongside the stupendously expensive Hypercar in a joint fight for the overall win at prestigious races like the 24 Hours of Daytona, the...
Aug 31, 2026
It's Time To Watch A Modded To Hell Alpine A110 Do A Hillclimb
It's Time To Watch A Modded To Hell Alpine A110 Do A Hillclimb
Driving a 270 horsepower rear-engined car that weighs less than 1500 pounds up the tight bends of a hill climb course is probably the activity farthest removed from sitting in your apartment and waiting for this whole virus thing blow over. That’s why you’ve got to watch someone do...
Aug 31, 2026
MotoGP Rider Handed 18-Month Competition Ban For Allegedly Accidental Steroid Use
MotoGP Rider Handed 18-Month Competition Ban For Allegedly Accidental Steroid Use
Aprilia rider and one-time MotoGP race victor Andrea Iannone has been following a positive test for steroid use at last November’s Malaysian Grand Prix. The ban will be enforced from December 17th, 2019 through June of 2021, meaning the Italian will miss all 2020 rounds (whenever the season does...
Aug 31, 2026
Red Bull Motorsport Adviser Had Dumb Idea To Infect Team's Drivers With COVID-19
Red Bull Motorsport Adviser Had Dumb Idea To Infect Team's Drivers With COVID-19
A couple of weeks ago, when a lot of details about the novel , , still weren’t fully understood, a theory that mass infection could lead to mass immunization was going around. Now that we’ve seen how potentially deadly the virus can be, though, we now know that’s a...
Aug 31, 2026
Formula One Teams Won't Be Ready For 2021 Rules Until 2023
Formula One Teams Won't Be Ready For 2021 Rules Until 2023
Nearly two weeks ago the FIA approved a delay in the new regulations slated for 2021, season. As teams deal with the loss of revenue from the coronavirus-inflicted mass cancellation of Grands Prix in 2020, the delay was necessary as the cost to develop a new chassis this year...
Aug 31, 2026
McLaren Formula One Drivers Take Voluntary Pay Cut As The Team Weathers Coronavirus Shutdown
McLaren Formula One Drivers Take Voluntary Pay Cut As The Team Weathers Coronavirus Shutdown
McLaren Formula One racers Carlos Sainz and Lando Norris have as many team members have been furloughed. The McLaren factory is all but shut down in the wake of by the spread of coronavirus across the globe. The team based in Woking, Surrey has become the first F1 team...
Aug 31, 2026
Copyright 2023-2026 - www.zzdcar.com All Rights Reserved