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DAIMLER will halve funding for the MERCEDES team in FORMULA 1

The Daimler Group, the parent company of carmaker Mercedes, wants to reduce the amount of money for the Formula 1 project.

Photo: HB Pres

It recently turned out to be Mercedes to win last year's title spent a hefty $ 430 million. Next season, however, comes the budget ceiling in the amount $ 145 million.

Hello Kallenius, President of the Management Board Daimler, recently denied rumors that he could Mercedes withdrawn from Formula 1. "We have as many reasons to withdraw from Formula 1 as Bayern Munich to withdraw from football," was Swede quoted for television TV6. "But the financial burden for Formula 1 will be halved over the next three years. In this regard, we have set more aggressive goals for Formula 1 than for other areas of the company," so Callenius.

Daimler will halve the amount of money for the Formula 1 team from next year, while Lewis Hamilton is demanding an astronomical fee for the new contract - Photo: HB Press

This, of course, does not keep pace with the latest requirements Lewis Hamilton by astronomical annual salary. British according to the media, he demanded the least 50 million per year, which would be in view of the halving of the funds that will be in the future Daimler intended for Formula 1, at odds with logic - despite the fact that riders ’salaries are notbudget ceiling. Unless for British fee one of the sponsors does not jump in.

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