News Details

Mercedes pays Wolff 8 million euros per year

Oct.9 Toto Wolff is paid 8 million euros a year to be Mercedes' team boss. The information was revealed by Austria's Osterreich newspaper, reportedly based on the release of Mercedes' balance sheet for last year. The numbers are fascinating. For instance, Mercedes spent 350 million euros to run the team for a year, but there was 380 million in revenue, which means a 30 million profit for the title winning Formula 1 team. The salaries of the team bosses were also revealed, with both Wolff and the late Niki Lauda paid about 8 million euros each. "Formula 1 makes an important contribution to the brand's status as the eighth most valuable in the world," Mercedes reportedly said in...
Full Story »
Share

You May Also Be Interested In...

Toto Wolff wary McLaren may “benchmark” Mercedes...

Mercedes boss Toto Wolff has said that he is aware of the risk that the...
1mo ago from GPBlog.com

Spygate won't affect McLaren-Mercedes relationship...

Toto Wolff has admitted the Spygate between McLaren-Mercedes in 2007...
1mo ago from GPBlog.com

Wolff confirms Mercedes upgrades for Japan

Japanese Grand Prix – Mercedes' team boss Toto Wolff says his team...
1mo ago from FormulaSpy.com

Mercedes' Wolff – Sochi showed that only Sunday...

Mercedes AMG Motorsport team boss Toto Wolff has taken the view that...
1mo ago from TheCheckeredFlag....

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Popular On TotalWRC.com

Rally Australia route set to be cut to just 90km

Rally Australia organisers are hopeful of pushing ahead with the event,...

Elfyn Evans tipped for Toyota after WRC factory visit

In an intriguing WRC move Elfyn Evans has been tipped as Ott Tanak's...

Popular On GunnersToday.com

Arsenal: 'Unai Emery is the right man for the job'

The Gunners have won just two of their last 10 Premier League games and...
2h ago from SportsMole.co.uk

Riyad Mahrez says he "lost two years" at...

The Algeria international was one of the stars of Leicester's astonishing...
1h ago from FourFourTwo.com

The 7amkickoff Index: Arsenal have been here before...

The end of the 2016/17 season was the worst under Arsene Wenger's tenure...
4h ago from News.ArseBlog.com

Arsenal say Unai Emery is ‘the right man for the...

• Xhaka says he is ready to play again after captaincy furoreUnai Emery...
3h ago from TheGuardian.com

Comments

Advertisements

Hottest News

F1's worst nightmare?

While attention focusses on the teams, the... Read More »
7h ago from Pitpass.com

Leclerc gets 2020 Ferrari engine in Brazil?

Charles Leclerc could get an early taste of... Read More »
4h ago from GPFans.com
Advertisements

Recent News

Advertisements

Advertisements

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.