Michael Schumacher's manager has refused to confirm reports the 40-year-old German will earn 1 million euros per race when he begins replacing the injured Felipe Massa later this month.

Michael Schumacher's manager has refused to confirm reports the 40-year-old German will earn 1 million euros per race when he begins replacing the injured Felipe Massa later this month.

It has been reported that Schumacher also stands to earn a bonus 1 million euros per race victory, but Willi Weber told Express newspaper: "(It's) all speculation.

"We haven't spoken with Ferrari about money yet," he insisted.

One of Schumacher's personal sponsors, the bottled water supplier Rosbacher, this week extended its advertising contract with the seven time world champion for an additional three years.

 

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