F1 stars may have to take pay cut

Domenicali may be poised for some uncomfortable talks with his star driver

Formula One's top drivers may be forced to take a cut in wages as the global financial crisis hits the sport.

Ferrari team boss Stefano Domenicali, whose driver Kimi Raikkonen's salary is the highest in F1 at £35m, said teams had to make savings in all areas.

"When teams must significantly reduce costs, one could say you need an ace to make the difference," Domenicali said.

"But I feel in the current climate the big teams won't be able any more to offer the amounts some drivers get."

Domenicali, who was talking in an interview with the Italian magazine Autosprint, said he expected salaries within F1 to undergo "a major revolution" in the next few months.

Raikkonen, the 2007 world champion, has by far the biggest salary in the sport, but there are a number of other leading F1 drivers earning salaries of more than £10m - such as Renault's double world champion Fernando Alonso and this year's title winner Lewis Hamilton of McLaren.

We've raised drivers' salaries several times and will take the opportunity to do so again Frank Williams F1 team boss

A select few leading engineers in the sport - such as Red Bull's chief technical officer Adrian Newey - also earn salaries of several million a year.

Raikkonen's Ferrari contract was extended in September until the end of 2010, despite the Finn's largely lacklustre season, but Domenicali said changing it was not impossible.

"Anything can be modified in life," he said. "The important thing is wanting to do it. We know the terms of the contract.

"However, I'm convinced this issue will soon be discussed among all the teams and with every driver."

His comments follow those made by fellow team boss Frank Williams, who said last week that he was in favour of a driver salary cap.

"We've raised this issue several times and will take the opportunity to do so again," Williams told British newspapers.

Hamilton, Raikkonen and Alonso are F1's highest-paid drivers

"We'd also strongly support a budget cap, introduced gradually, if it could be properly policed."

Williams dominated F1 in the 1980s and 1990s, but has seen his team's competitiveness slip in the last decade.

And he admitted that enforcing limits on the salaries of top drivers would be very difficult.

"If McLaren don't want to pay Hamilton £15m, someone else will. How do we stop that?" he said.

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