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Verstappen signs new 50 million-euro contract in Formula 1

Verstappen signs new 50 million-euro contract in Formula 1

Dutch world champion Max Verstappen has extended his contract with his current team, “Red Bull”, in the “Formula 1” races, through which, according to Dutch press reports, he receives a huge salary of up to 50 million euros per season. The Dutch newspaper, The Telegraph, said that “Verstappen signed a long-term contract with his current team, “Red Bull”, and committed to a deal that guarantees him access to 50 million euros per season, which makes him superior in terms of salary over his rival and world champion Lewis Hamilton, the British driver. Mercedes team. The new contract for the Dutch driver runs until 2028.

The newspaper added: “Verstappen is committed to his current contract with Red Bull until the end of 2023, but his victory in the world champion title last season prompted both parties to extend their commitment to a new contract that extends for a long period.” Verstappen began his career in 2015 with “Toro Rosso”, before being promoted the following year to the “Red Bull” team, in a racing career that included, until the end of last season, his participation in 141 Grand Prix races, during which he achieved 20 victories, half of which came In 2021, he learned how to snatch the world drivers title, deny Hamilton the title of the most crowned driver in the history of the championship, and maintain the balance of seven titles that put him on par with the German legend Michael Schumacher.

According to the previous contract, Verstappen earned about $ 25 million annually, which puts him in second place in terms of the value of the salaries of the drivers of the Formula One Grand Prix, behind British Hamilton, whose contract with Mercedes also expires in 2023, while the Spanish duo world champion Fernando Alonso is a team driver. Albin is ranked third in terms of salary, with a value of up to 20 million dollars annually, compared to 15 million dollars per season for the German quadruple world champion Sebastian Vettel, who receives with his current team “Aston Martin”, and the Australian Daniel Ricciardo, the McLaren team driver. While the new contract will make the Dutchman outperform them all.

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