Berliner Boersenzeitung - Drivers shocked by 'obscene' prospect of one-million euros fines

EUR -
AED 4.058922
AFN 70.73384
ALL 90.622631
AMD 400.360003
ANG 1.978174
AOA 1013.487816
ARS 1707.851119
AUD 1.626759
AWG 1.991056
AZN 1.882497
BAM 1.954114
BBD 2.232204
BDT 137.851062
BGN 1.955552
BHD 0.418149
BIF 3350.999718
BMD 1.105221
BND 1.42431
BOB 12.972807
BRL 6.240639
BSD 1.108254
BTN 104.175531
BWP 15.375873
BYN 3.339019
BYR 21662.339744
BZD 2.229007
CAD 1.57599
CDF 2558.587903
CHF 0.926281
CLF 0.02797
CLP 1100.856131
CNY 7.372545
CNH 7.375242
COP 3668.274087
CRC 500.379591
CUC 1.105221
CUP 26.59905
CVE 110.171439
CZK 24.419591
DJF 197.362394
DKK 7.476054
DOP 67.242592
DZD 151.272403
EGP 59.039602
ERN 16.578321
ETB 180.964601
FJD 2.513661
FKP 0.834795
GBP 0.835387
GEL 2.862369
GGP 0.834795
GHS 12.977803
GIP 0.834795
GMD 81.786563
GNF 9819.616487
GTQ 8.468808
GYD 231.869943
HKD 8.671545
HNL 29.802556
HRK 7.533423
HTG 145.218647
HUF 365.361855
IDR 20161.449062
ILS 3.546683
IMP 0.834795
INR 104.114565
IQD 1680.180745
IRR 2114841.178155
ISK 136.395262
JEP 0.834795
JMD 175.56852
JOD 0.783627
JPY 176.802462
KES 143.6789
KGS 96.635587
KHR 4567.183408
KMF 492.928933
KPW 994.69938
KRW 1477.691892
KWD 0.344211
KYD 0.92362
KZT 492.254191
LAK 24940.481365
LBP 99247.669161
LKR 368.562005
LRD 188.409997
LSL 18.54009
LTL 3.263431
LVL 0.668537
LYD 7.146931
MAD 10.916681
MDL 20.215558
MGA 5058.635412
MKD 61.54313
MMK 2320.854313
MNT 3983.308209
MOP 8.954136
MRU 44.844349
MUR 52.631192
MVR 17.031739
MWK 1919.769396
MXN 20.492496
MYR 4.516046
MZN 70.634307
NAD 18.523444
NGN 1489.330051
NIO 40.78518
NOK 10.556439
NPR 166.679697
NZD 1.996842
OMR 0.424977
PAB 1.108344
PEN 3.77884
PGK 5.055729
PHP 70.556241
PKR 306.473748
PLN 4.409921
PYG 6870.165666
QAR 4.040169
RON 5.349937
RSD 117.643057
RUB 90.981205
RWF 1637.187436
SAR 4.172229
SBD 8.949308
SCR 15.294604
SDG 664.812367
SEK 11.100678
SGD 1.423365
SHP 0.82816
SLE 25.312216
SLL 23175.95842
SOS 632.736658
SRD 41.450233
STD 22875.851868
STN 24.479322
SVC 9.697808
SYP 14370.088684
SZL 18.523449
THB 37.471392
TJS 10.224117
TMT 3.879327
TND 3.336067
TOP 2.661108
TRY 55.667128
TTD 7.528641
TWD 36.334041
TZS 2926.237275
UAH 50.361848
UGX 4561.064716
USD 1.105221
UYU 44.921445
UZS 13266.553624
VES 995.241391
VND 28432.373525
VUV 132.994305
WST 3.088938
XAF 655.957
XAG 0.022071
XAU 0.000283733133
XCD 2.986916
XCG 1.997413
XDR 0.781449
XOF 655.957
XPF 119.331742
YER 261.387215
ZAR 18.685641
ZMK 9948.319566
ZMW 22.636776
ZWL 355.880845
SSP 6572.210909
MXV 2.301333
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Drivers shocked by 'obscene' prospect of one-million euros fines
Drivers shocked by 'obscene' prospect of one-million euros fines / Photo: Chandan Khanna - AFP

Drivers shocked by 'obscene' prospect of one-million euros fines

George Russell declared increased fines of up to one million euros ($106 million) for Formula One drivers who breach sporting regulations as "obscene" and unrealistic, confirming that the drivers will meet on Friday to address the problem.

Text size:

Speaking to reporters ahead of this weekend's United States Grand Prix, the Mercedes driver also made clear that most drivers could not afford such heavy fines.

"Maybe one of the drivers who has been paid a lot would be happy to pay that much, but it seems to be pretty obscene," said Russell, having revealed that he lost money in the early years of his F1 career.

Russell and his colleagues reacted late Thursday to a decision taken by the FIA to quadruple the limit for fines, for breaches of their Sporting Code, following a meeting of the World Motor Sports Council in Geneva earlier.

The limit had been unchanged for 12 years and the announcement came as a shock to most drivers.

Russell, a director of the Grand Prix Drivers' Association, said: "I think it's pretty ridiculous that a driver could be fined one million euros. In my first years in F1, I was on a five-figure salary and lost over six figures in my first year, paying for my trainer, my flights and an assistant.

"And that's probably the case for 25 per cent of the grid. We're doing what we love, so we're not complaining about that, but if you take a year-one driver who probably by the end of the year is losing over 100,000 euros, you fine them one million euros. What's going to happen?"

He confirmed that the subject would be discussed at Friday's drivers' briefing at the Circuit of the Americas.

"We just want transparency and understanding. Already the fines are getting out of control."

Williams driver Alex Albon confirmed the difficulties drivers would face.

"I think people wouldn't realise, especially the first two, three years, four years of being a Formula 1 driver, the salaries are nothing like what people actually think they are," he said.

"It would be a tough fine if you were to get into debt for it. We already pay our super-licence fees, which are already extremely expensive.

"I don't know a sport where you have to pay yourself to enter it. I think that in itself seems a little bit different to most sports.”

He added: "In the end, if they're going to raise that to a million, then they're in some ways targeting three or four drivers because no-one else could actually afford that."

- 'Not appropriate' -

Two-time champion Fernando Alonso of Aston Martin said he felt the increase in the fines "sounds not appropriate".

"We are in a sport that is already considered very elite, very closed," said Alonso.

"We are facing some topics about sustainability, environment. We are trying to do all our part on becoming more accessible.

"This is sport for everyone and things like that so when you put this big number of something out that it seems not right.”

Seven-time world champion Lewis Hamilton of Mercedes, like Alonso one of the best-paid drivers over a long period, said: "If they are going to be fining a million, let’s make sure that 100 per cent of that goes to a cause.

"There's a lot of money in this whole industry and there’s a lot more we need to do in terms of creating better accessibility, better diversity, more opportunities for people who wouldn’t normally have a chance to get into a sport like this.

"So many causes around the world. So, yeah. That’s the only way they'll get that million from me."

Newly-crowned three-time champion Max Verstappen of Red Bull said: "If touching a rear wing is 50k then I would like to know what one mill is."

(S.G.Stein--BBZ)