After a stellar start to the 2024 Formula 1 World Championship, winning seven of the first ten races, Max Verstappen’s victory drought since the Spanish Grand Prix is proving costly—not just in the standings, but in his bank account. Former F1 driver turned pundit Ralf Schumacher revealed that Verstappen’s financial losses from his recent poor run could be staggering.
Speaking to Bild, Schumacher explained, “It’s assumed that he loses a million for every race he doesn’t win. That is unbelievable. Last year he was so successful, and that is a lot of money that he is missing out on, in addition to the fact that things are no longer going well in sporting terms.”
Forbes lists Verstappen’s Red Bull contract at $45 million annually, plus substantial bonuses for race wins and championships. In 2023, the Dutchman’s record-breaking 19 victories and his third world title saw him pocket an additional $25 million, bringing his total earnings to an eye-watering $70 million. Simple math suggests Verstappen earns roughly $1 million per victory, and potentially $5 million for securing the championship. Although Verstappen is still likely to clinch the drivers’ title this year, the lack of wins means he’s missing out on significant bonus money.
Red Bull’s internal struggles, including the departures of design mastermind Adrian Newey and strategy expert Jonathan Wheatley, have cast doubts on the team’s future competitiveness. Coupled with Verstappen’s recent frustrations, speculation about his future with the team has grown louder. Mercedes team principal Toto Wolff has long been rumored to covet Verstappen, maintaining close ties with Max’s father, Jos Verstappen.
Schumacher also weighed in on Verstappen’s future, suggesting that the reigning champion’s patience may wear thin: “I’m of the opinion that not everything is set in stone as far as what will happen to Max is concerned. Because I believe he is not patient and will not stay forever. From what I heard, Mercedes said, ‘We always have a free seat for you.’”
Verstappen’s potential move away from Red Bull has been further fueled by Christian Horner’s controversial comments regarding staff departures, including Newey’s exit, which Schumacher described as a “classic misjudgment.” Beyond Mercedes, Verstappen could likely join any team of his choosing, though Ferrari appears off the table until Lewis Hamilton’s potential stint with the Italian squad concludes.
Another enticing prospect could be a move to Aston Martin, where team owner Lawrence Stroll is assembling a formidable lineup. With Newey recently joining Aston Martin, it’s clear that Stroll is building a “super team,” and Verstappen could be next on the billionaire’s wishlist. As the Dutch driver faces an uncertain future, all eyes are on his next move—one that could reshape the F1 landscape.
