Even Renault team boss Flavio Briatore has taken a pay-cut, according to Germany's Auto Motor und Sport
Even Renault team boss Flavio Briatore has taken a pay-cut, according to Germany's Auto Motor und Sport.
We reported recently that Fernando Alonso's 2009 retainer was slashed by millions, as Briatore reacts to the global recession.
The actual amount of 59-year-old Briatore's contracted salary this year is not known, but Auto Motor und Sport claims the Italian has voluntarily reduced it by 20 per cent.
Team engineers are reportedly also earning 10 per cent less this year than in the past, but Alonso's teammate Nelson Piquet has not had to accept a pay-cut at all.
It is suggested the Brazilian's current retainer is around $1m, but other estimates of Piquet's pay have been significantly lower.
"With me, there is hardly anything to reduce," the 23-year-old is quoted as saying.