2 Apr, 2020 @ 19:51
1 min read

Spain’s Carlos Sainz Jr. agrees to a pay cut with McLaren due to the coronavirus crisis

Carlos Sainz Jr

CARLOS Sainz Jr. has agreed to a pay cut amid the COVID-19 crisis.

The Spanish Formula One driver agreed with McLaren to have his salary reduced to help the team financially.

The British team is the first in F1 to announce pay cuts amid the pandemic.

Although the exact amount has not yet been made known, it is thought to be quite a substantial reduction.

According to estimates, the 25-year-old had an annual salary of €6 million.

The rest of the squad, including CEO Zak Brown and F1 team boss Andreas Seidl, have also taken pay cuts.

In addition, McLaren have also suspended some of their staff working in the factories.

A McLaren spokesperson spoke to Autosport and said: “These measures focus on protecting short-term jobs to ensure that our employees return to full-time work as the economy recovers.”

Dimitris Kouimtsidis

GOT A STORY? Contact me now: dimitris@theolivepress.es or call +34 951 273 575 or +44 75 358 167 18. Twitter: @dkouimtsidis.
Dimitris has a BA in History from the University of Leeds and an MA in Journalism (Sports) from the University of Lincoln.
He joined the Olive Press team as a journalist in January 2020.

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