Alonso demands massive pay hike to remain with Ferrari F1

Spanish Formula One driver Fernando Alonso is seeking a massive contract worth upwards of $150 million to remain with the team beyond his current contract.

Alonso is widely considered among the greatest Formula One drivers of all time but he has had to spend a very lacklustre five years with the Italian outfit, where he has given it his all in return for little reward in terms of titles and championship victories. The last time he won the Formula One Drivers’ Championship was back in 2006 when he was still driving for Renault.

Alonso joined Ferrari F1 back in 2010 but since then, the team has struggled to produce a car that can hardly allow a driver of the calibre of Alonso to the top of the podium, let alone the Formula One Drivers’ Championship and that has led to increased speculation that the former two time Drivers’ World Champion will be on his way out of the team as he looks for a more competitive outfit with former team McLaren F1 interested in his services once again.

According to reports from various sources, Alonso has issued an ultimatum with his agent asking for a huge pay rise for his client to remain with the Italian giants.

The Italian media has reported that the Spaniard wants a three year contract with a base pay worth around $50 million a season that would make him not only the highest paid driver in the starting grid, but also in the history of the sport.

However, it is worth seeing if Alonso actually remains with the team considering the disappointment of the car this season and whether he is actually pricing himself out of a contract extension or whether Ferrari F1 would consider such a huge outlay to keep the finest driver in the team.