'Schumi's £30m per year return' - Mercedes-Benz Forum

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'Schumi's £30m per year return'

'Schumi's £30m per year return' | Planet F1 | Formula One | News, Standings, Results, Features, Video

Michael Schumacher may have returned to F1 for the love of the sport but that doesn't mean the German is not raking in the dough in his comeback season.

When Mercedes GP announced that they had secured Schumacher's signature for this year's Championship, the German manufacturer reported that they were paying the seven-time World Champ £6m per year.

However, the Daily Mail claims Schumacher's salary is actually a lot higher than that.

'Sportsmail has now learned that he is receiving a basic salary of around £21m plus a further £9m in private endorsements,' claims the tabloid, adding that the £30m makes Schumacher the highest paid driver on the grid, earning more than Fernando Alonso's estimated £26m Ferrari salary.

As for the additional £9m, that comes courtesy of 'deals with clothing companies Navy Boots and Jet Set, financial advisers DVAG, mineral water manufacturers Rosbacher and, from next month, energy drink Schneekoppe.'

'It is a sign of Mercedes' indulgence of the seven-time World Champion that he is being allowed to work for Navy Boots and Jet Set while the team are still being backed by rivals Henri Lloyd, who are said to be unhappy at being usurped.'

Henri Lloyd, though, may not be the only ones unhappy with Schumacher's deals as the Mail reports that 'Mercedes forbade Schumacher's team-mate Nico Rosberg from striking his own clothes deal.'
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