Sebastian Vettel’s championship bonus tallies a cool EUR 3 million, according to the German newspaper Bild.<\/p>\n
It emerged after Red Bull won the 2010 constructors’ championship that the team is paying its entire staff – more than 500 people – a healthy monetary bonus.<\/p>\n
Reports said the bonus is 10,000 British pounds each.<\/p>\n
But Bild claims that only basic employees are receiving the EUR 12,000, with higher-paid engineers all getting up to 50,000.<\/p>\n
The newspaper said the bonuses are costing Red Bull millions, “and champion Vettel is getting three of them”.<\/p>\n
Bild said Red Bull Racing’s total championship windfall under the prize-money clauses of the Concorde Agreement is a whopping EUR 73 million, payable in four instalments.<\/p>\n
Team owner Dietrich Mateschitz told Die Welt newspaper that formula one team budgets currently range between “probably 100 and 500 million euros”.<\/p>\n
“Our budget is roughly in the lower mid-range,” said the billionaire.<\/p>\n
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