Salary, clause … The underside of the marriage between Vettel and Aston Martin – Sportune.fr, the specialist in the economics of sport business

September 14, 2020 at 1:00 p.m. by Marc Limacher

Sebastian Vettel Ferrari - Salary, clause ... The underside of the marriage between Vettel and Aston Martin - Sportune.fr, the specialist in the economics of sport business

Sebastian Vettel join Aston Martin next season.

The contract was there. Since the Silverstone races in early July, the agreement between Racing Point and Sébastian Vettel was written, but unsigned. Three bolts had to jump.

Perez's resistances

The first was that of Sergio Perez. The Mexican driver had a contract for 2021 and an option for 2022. His absence during both races at Silverstone postponed the time to discuss the aftermath. The Vettel / Racing Point / Aston Martin rumor for 2021 was gathering momentum and Perez's partners have indicated to England team management that their envelope will double for the year 2021, adding an even bigger promise for 2022. From 10 to 20 million and possibly 25 million. A strong argument.
Perez’s performances since his return and Sébastian Vettel’s retirement from Monza have accelerated things. A forfeit of 5 million euros was presented to the Mexican pilot to leave the scene. Racing Point is also abandoning 20 million sponsorship for 2021. The first two locks have been jumped.

Ferrari's shadow

The final hurdle remained to secure the deal with Vettel. Ferrari's complaint against Racing Point for using blueprints of the 2019 Mercedes W10 to the FIA ​​International Court of Appeal. Contractually, Vettel could not transfer his career to a team, with which the Scuderia had a serious legal different. The withdrawal of Ferrari's complaint the day after the Monza race paved the way. The last lock has jumped.

An important detail of the Vettel / Aston Martin deal

The signature at the bottom of the Vettel-Aston Martin contract for 2021 and 2022 is based on the annual basis of 15 million euros, with an option (on both sides) on 2023. The particularity of the contract is its exit clause (to be discussed ), from the end of 2021, in the event that Aston Martin does not appear in the top four of the Manufacturers' World Champion. Laurence Stroll had been getting what he wanted for several weeks. The operation directly and indirectly cost the team 40 million euros. But a world champion, to showcase Aston Martin’s return is an exciting challenge.

businessbook gp - Salary, clause ... The underside of the marriage between Vettel and Aston Martin - Sportune.fr, the specialist in the economics of sport business






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