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#736 RE: Iceman by Boudica 07.05.2013 18:40

avatar

Zitat von Sonny
Boudica: doesn't Kimi earn a significant portion of his salary from year end bonuses (for example - points scored), or was that only the case for his 2012 contract?



Yes I think this was just his base salary. I would like to know how much he got in performance bonuses.

#737 RE: Iceman by valuk 07.05.2013 21:17

Zitat von Boudica
According to this blog Kimi is really not earning a lot:

According to Business Book GP, these are the wages of Formula 1 drivers this season. Lewis Hamilton and Fernando Alonso are leading the table, and am surprised that Sebastian Vettel only wins one million euros more than Nico Rosberg g and two more than Mark Webber . Also call attention to the "low" wages of Kimi Raikkonen at Lotus and Sergio Perez at McLaren.



Mark Webber earns a lot... or as he would say "not bad for a No.2 driver" <img src=" title="roll" />

#738 RE: Iceman by Jalumi 07.05.2013 22:01

avatar

In the German newspaper "Motorsport aktuell" they write today, that Kimi earn 2012 the same like Vettel because his performance bonuses.

#739 RE: Iceman by Sonny 07.05.2013 22:03

Could you please share some of the article?

About how much money did Seb (and Kimi) make?

#740 RE: Iceman by Betulla 07.05.2013 22:08

Zitat von Boudica

Zitat von Sonny
Boudica: doesn't Kimi earn a significant portion of his salary from year end bonuses (for example - points scored), or was that only the case for his 2012 contract?



Yes I think this was just his base salary. I would like to know how much he got in performance bonuses.




According to Sportune.fr:

Kimi's 2012 contract had a fixed base of 5 million Euros, with a bonus of 750,000 Euros per podium and an extra premium in case of wins
http://www.sportune.fr/sport-business/k ... trat-78819

For 2013, Kimi is paid by point with 3 million euros as base salary and 40,000 Euros as scored-point bonus
http://www.sportune.fr/sport-business/l ... tone-90154

Lotus F1 Team - We decrypted the model of the Enstone team
April 26, 2013
by Marc Limacher

After having deciphered the economic model of Ferrari, Red Bull Racing and Williams, Sportune focuses on the Lotus F1 Team. A pretty amazing model because it interweaves business with sport for the pleasure of Genii Capital-company that gains influence and financial power from there. This is an innovation in the landscape of Formula 1, long accustomed to manufacturers as well as brands or independent teams banking on the sponsor to survive in the medium term. In this Lotus F1 Team is different, after a long period of identity crisis: Renault F1 Team in 2010, Lotus Renault GP in 2011 and finally Lotus F1 Team since 2012, the analysis of Luxembourger brains was simple, but was delayed by events beyond their main desire.

Lotus is a heritage

Indeed, the team based in Enstone has a rich history for 30 years. In turn named Tolemann, Benetton, Renault and Lotus, this structure has always been noted for its quality of life, and especially for its inclination to win without big budgets. This was the case at Benetton's time in the 90s and it was confirmed with Renault between 2004 and 2006. The current management inherited a positive part of the management of Flavio Briatore, who was able to embody will and loyalty into the factory members by providing a unique quality of life. An important detail that has now allowed the opening out of someone like Kimi Räikkönen, perfectly at home in this environment. On the other hand, as heritage from the past, Lotus F1 Team is not the team that pays the most, on the contrary, it gets inspiration from Benetton in that. The 2007 world champion is paid by point with 3 million euros as base salary and 40,000 euros as scored-point bonus, according to the recent Business Book GP 2013. Romain Grosjean is treated the same way, but at a lower cost, however. The ideology of not paying a fortune for pilots and engineers continues today inside Enstone walls, nearly 20 years later.

Lotus first, the sponsors then

From the beginning of the recovery of the Renault F1 Team team by Genii Capital in December 2009, the idea of ​​getting the support of a constructor was drawn. The diamond brand was approached to continue the adventure in the form of a sponsorship, while Lotus Group had signed a 5-year contract, bringing more than 20 million euros per year into the team budget. Except that the crisis inside the small British manufacturer has caused the reassessment of the investment. Thus, until 2017, the team uses the Lotus label to enhance its brand almost for free. Genii Capital has also shelved its BRIC strategy. Even if hiring Vitaly Petrov and Bruno Senna was positive for the finances of the team, it failed to attract the largest sponsors from Russia and Brazil, as expected. Thus, the model evolves towards an acquisition which bank on an innovative package and goes beyond the simple displaying a logo on a Lotus. This allows to get sponsors for 10 or 12 million at the moment.

Capital Genii Business Exchange

The other trump card is the establishment in June 2010 of a Business to Business platform. The objective is to use the motor home of Lotus F1 Team as Genii Capital's embassy in order to favour business all around the world. So, thanks to this platform, an Indian start up could get a contract for 35 million dollars with telecom operators in its country. Yet, without the company in question being present on the cars, or being the team sponsor. In reality, Genii Capital Business Exchange is a tool of influence and business to expand relations and obtain a larger address book. For example, the company Tin Solar [Trina Solar] was present on the cars last year by signing with Genii Capital an agreement for a solar power station.

TV-rights, the missed target of the Concorde Agreement

Unlike Red Bull, Ferrari and McLaren, Lotus, as well as Mercedes and probably Williams, missed the boat of negotiations in the Concorde Agreement 2013-2020. In the sense that it does not benefit from specific premium (except the 26.5-million-euro premium for the double-title), which limits its economic impact and thus pushes Genii Capital to find another solution to stay in the financial race. Indeed, Lotus F1Team has a much less important budget than the trio mentioned above.

Genii Capital the sole owner on board, at the moment

At the time of the Renault F1 Team's takeover in December 2009, the Luxembourg's company Genii Capital has taken 75% for 20 million euros. Then an agreement indicated the full acquisition of capital in 2012, which was made in 2011 for a value of 20 million euros. This established the value of the team around 80 million euros. However, the agreement with Lotus Group had opened a prospect of opening 50% of the capital after only one year of sponsorship. Genii Capital is now looking for a partner taking around 35/40% of the capital and that can invest around 60 million euros in the deal, according to valuations. A complement partner and not an absolute acquisition.

#741 RE: Iceman by Boudica 07.05.2013 22:20

avatar

Zitat von Betulla

Zitat von Boudica

Zitat von Sonny
Boudica: doesn't Kimi earn a significant portion of his salary from year end bonuses (for example - points scored), or was that only the case for his 2012 contract?



Yes I think this was just his base salary. I would like to know how much he got in performance bonuses.




According to Sportune.fr:

Kimi's 2012 contract had a fixed base of 5 million Euros, with a bonus of 750,000 Euros per podium and an extra premium in case of wins
http://www.sportune.fr/sport-business/k ... trat-78819

For 2013, Kimi is paid by point with 3 million euros as base salary and 40,000 Euros as scored-point bonus
http://www.sportune.fr/sport-business/l ... tone-90154

Lotus F1 Team - We decrypted the model of the Enstone team
April 26, 2013
by Marc Limacher

After having deciphered the economic model of Ferrari, Red Bull Racing and Williams, Sportune focuses on the Lotus F1 Team. A pretty amazing model because it interweaves business with sport for the pleasure of Genii Capital-company that gains influence and financial power from there. This is an innovation in the landscape of Formula 1, long accustomed to manufacturers as well as brands or independent teams banking on the sponsor to survive in the medium term. In this Lotus F1 Team is different, after a long period of identity crisis: Renault F1 Team in 2010, Lotus Renault GP in 2011 and finally Lotus F1 Team since 2012, the analysis of Luxembourger brains was simple, but was delayed by events beyond their main desire.

Lotus is a heritage

Indeed, the team based in Enstone has a rich history for 30 years. In turn named Tolemann, Benetton, Renault and Lotus, this structure has always been noted for its quality of life, and especially for its inclination to win without big budgets. This was the case at Benetton's time in the 90s and it was confirmed with Renault between 2004 and 2006. The current management inherited a positive part of the management of Flavio Briatore, who was able to embody will and loyalty into the factory members by providing a unique quality of life. An important detail that has now allowed the opening out of someone like Kimi Raikkonen, perfectly at home in this environment. On the other hand, as heritage from the past, Lotus F1 Team is not the team that pays the most, on the contrary, it gets inspiration from Benetton in that. The 2007 world champion is paid by point with 3 million euros as base salary and 40,000 euros as scored-point bonus, according to the recent Business Book GP 2013. Romain Grosjean is treated the same way, but at a lower cost, however. The ideology of not paying a fortune for pilots and engineers continues today inside Enstone walls, nearly 20 years later.

Lotus first, the sponsors then

From the beginning of the recovery of the Renault F1 Team team by Genii Capital in December 2009, the idea of ​​getting the support of a constructor was drawn. The diamond brand was approached to continue the adventure in the form of a sponsorship, while Lotus Group had signed a 5-year contract, bringing more than 20 million euros per year into the team budget. Except that the crisis inside the small British manufacturer has caused the reassessment of the investment. Thus, until 2017, the team uses the Lotus label to enhance its brand almost for free. Genii Capital has also shelved its BRIC strategy. Even if hiring Vitaly Petrov and Bruno Senna was positive for the finances of the team, it failed to attract the largest sponsors from Russia and Brazil, as expected. Thus, the model evolves towards an acquisition which bank on an innovative package and goes beyond the simple displaying a logo on a Lotus. This allows to get sponsors for 10 or 12 million at the moment.

Capital Genii Business Exchange

The other trump card is the establishment in June 2010 of a Business to Business platform. The objective is to use the motor home of Lotus F1 Team as Genii Capital's embassy in order to favour business all around the world. So, thanks to this platform, an Indian start up could get a contract for 35 million dollars with telecom operators in its country. Yet, without the company in question being present on the cars, or being the team sponsor. In reality, Genii Capital Business Exchange is a tool of influence and business to expand relations and obtain a larger address book. For example, the compant Tin Solar [Trina Solar] was present on the cars last year by signing with Genii Capital an agreement for a solar power station.

TV-rights, the missed target of the Concorde Agreement

Unlike Red Bull, Ferrari and McLaren, Lotus, as well as Mercedes and probably Williams, missed the boat of negotiations in the Concorde Agreement 2013-2020. In the sense that it does not benefit from specific premium (except the 26.5-million-euro premium for the double-title), which limits its economic impact and thus pushes Genii Capital to find another solution to stay in the financial race. Indeed, Lotus F1Team has a much less important budget than the trio mentioned above.

Genii Capital the sole owner on board, at the moment

At the time of the Renault F1 Team's takeover in December 2009, the Luxembourg's company Genii Capital has taken 75% for 20 million euros. Then an agreement indicated the full acquisition of capital in 2012, which was made in 2011 for a value of 20 million euros. This established the value of the team around 80 million euros. However, the agreement with Lotus Group had opened a prospect of opening 50% of the capital after only one year of sponsorship. Genii Capital is now looking for a partner taking around 35/40% of the capital and that can invest around 60 million euros in the deal, according to valuations. A complement partner and not an absolute acquisition.



Thank You that was a very interesting read.

Kimi properly walked away with a decent salary last year. But still 40k per point isn't that much if you take the 207 points of last year that will only around 8.28 mil.

#742 RE: Iceman by Jalumi 07.05.2013 22:25

avatar

Zitat von Boudica

Kimi properly walked away with a decent salary last year. But still 40k per point isn't that much if you take the 207 points of last year that will only around 8.28 mil.



So he need more points in 2013 <img src=" title="naughty" />

#743 RE: Iceman by valuk 07.05.2013 22:27

Zitat von Jalumi

Zitat von Boudica

Kimi properly walked away with a decent salary last year. But still 40k per point isn't that much if you take the 207 points of last year that will only around 8.28 mil.



So he need more points in 2013




WDC would also be big bonus <img src=" title="gokimi" /> <img src=h" title="hih" />

#744 RE: Iceman by Boudica 07.05.2013 22:28

avatar

Zitat von Jalumi

Zitat von Boudica

Kimi properly walked away with a decent salary last year. But still 40k per point isn't that much if you take the 207 points of last year that will only around 8.28 mil.



So he need more points in 2013




Yeah that would help. Perhaps he still get a separate bonus for winning.

#745 RE: Iceman by Betulla 08.05.2013 07:44

Question Time: once again, Heikki Kulta offers room to Kimi's supporters

Zitat
[...]
This offer goes to non-Finnish speaking readers, as well. If you want to present some topical questions for Kimi Räikkönen, so go ahead and present them to me on Friday this week the latest.

http://blogit.ts.fi/formulablogi/2013/0 ... ynnosta-2/





Sorry for the bad translation

Zitat
At the request of the public

Aihe F1, 7.5.2013 21:51, heikki.kulta

Shared joy is double joy ... I've got another chance for a one-on-one interview with Kimi Räikkönen during the Spanish Grand Prix weekend. Since requests for questions to present to Kimi have been sent to this column, I can offer readers this opportunity.

So please, present topical questions to Kimi. The best questions as well as those questions that get the most out of the driver will be published in this column together with their answers.

As before, we focus just on sport.

This offer goes to non-Finnish speaking readers, as well. If you want to present some topical questions for Kimi Räikkönen, so go ahead and present them to me on Friday this week the latest.

#746 RE: Iceman by f194girl 08.05.2013 07:45

avatar

Zitat von Boudica

Zitat von Jalumi

Zitat von Boudica
According to Finnish tabloids AJAX has died.

http://www.iltasanomat.fi/viihde/art-12 ... nts-anchor



Wasn´t Ajax a present for their wedding?
So he died with only 8 years, thats not old for a dog.




I think big dogs dont always live that long, I think 8 years is about average for a big dog.




I´ve read somewhere that Ajax was a wedding present and Kimi told somewhere last year, that Ajax lived at his mother´s house cause he was old (so he didn´t take him to the races anymore). Big dogs didn´t get as old as little dogs.

#747 RE: Iceman by Kurski 08.05.2013 11:23

avatar

This offer goes to non-Finnish speaking readers, as well. If you want to present some topical questions for Kimi Räikkönen, so go ahead and present them to me on Friday this week the latest.

http://blogit.ts.fi/formulablogi/2013/0 ... ynnosta-2/

#748 RE: Iceman by Olga 08.05.2013 13:32

avatar

thanks K!!!!

#749 RE: Iceman by Ragingjamaican 08.05.2013 18:40

avatar

Force India drivers don't get paid that much compared to the rest, in saying that, I would be happy with £400,000 salary, another interesting thing is, di Resta gets paid less than Sutil despite being with the team for 3 years now.

Expected Perez to be quite low, as he's probably had a 700% increase.

As for Webber, £10 million for doing an average job, he's raking it in with his performances.

#750 RE: Iceman by YiNing 08.05.2013 19:19

Zitat
KimiFanpage ‏@KimiFanPage 1h

''On the 8th day, god created Kimi''. Hahahahaha! pic.twitter.com/9SDBwmvRcm

<img src=h" title="hih" />

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