Category: F1

IMG, Sir Jackie Stewart Split After 45 Years

Jackie Stewart largeIn 1960 Mark McCormark signed Arnold Palmer as the first client for IMG. Just 8 years later, after the company had experienced significant growth, they signed F1 driver Sir Jackie Stewart. After 45 years of representation, which saw him line up a string of endorsements including Ford and HSBC, he has decided to move on to Just Marketing International.

Just Marketing International is a Motorsport specific marketing agency. Formed in 1995, the company represents brands and talent over a multitude of properties include NASCAR and F1.

The split is amicable. The decision was made by Stewart because IMG are no longer involved in F1 racing.

“At this stage in my career I need to align myself with a company that’s already there, well-connected, already servicing multi-national corporations, looking towards bringing new business into the sport. Somebody like myself, who has had a fair experience in marketing over the years with large relationships, both as a driver and since my retirement, for me it sits very comfortably.” – Jackie said.

He doesn’t have a bad word to say about IMG, stating that if it wasn’t for McCormark he probably wouldn’t be the Jackie Stewart he is today.

(H/T SportsPro)

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Sebastian Vettel Earns Sweet Bonus For Winning Title

sebastian-vettelRecently crowned F1 Champion Sebastian Vettel is set to receive quite a lucrative bonus from his Red Bull team. The German driver clinched his fourth title in India last weekend.

Sebastian’s current base contract with Red Bull Racing pays him approximately $14 million a year. For winning the title, he will receive another $6.9 million in compensation, taking his total to just under $22 million.. This is a significant increase on last year’s bonus, when he received an extra $4 million for the title.

Despite Vettel dominating F1 in recent years, he is not the highest paid driver. Ferrari’s Fernando Alonso is set to receive nearly $45 million this year, while Mercedes’ Lewis Hamilton is on track for around $38 million. Red Bull’s other driver, Mark Webber, is on a salary of $7 million per year.

At 26, Vettel has plenty more racing ahead of him. He may be in line for a bump in pay in the future, but money isn’t the only thing driving him. He enjoys his time away from the track, and has in fact turned down several lucrative endorsements in favor of free time.

Sebastian wasn’t the only person at Red Bull Racing who received a bonus, with each employee receiving a bonus of roughly $16,000.

*Sebastian Vettel is self-managed*