Crazy rumor:BMW lines up $1bn payday for Schumacher - Page 3

450SEL6.9 · 07-24-2006, 11:43 AM

I don't see how this is possible. I'm a huge Schumacher fan and I enjoy reading about the business side of F1, but this $1 billion for Schu is impossible.

A couple of things. Schu is a conservative guy and sort of cheap. I've also read that he gives 10 Euros a month to his kids. He does have a new mansion in Switzerland. He's lived there for years. German taxes are as high, if not higher, than Canadian tax! In Switzerland, he pays tax based on living expenses and not his real income. According to Forbes magazine, he makes about $60 million today. He's scaled back endorsements. He makes probably as much from his Michael Collection of products. In total, I think I've read that he earns about $100-120 million US.

Anyway, he is 37 so how could he make $1 bln from now? His fortune is estimated to be worth about $700 million US from 10-years of racing for Ferrari. How will be make $1 bln from the rest of his career? This article is just BS. How will BMW pay him? If his wages are $100m, where's the rest coming from? A typical bonus for winning the driver's championship for Schu is about $10-15 million. Will BMW give him a cut from each car sale? I'd love to get a copy of that article tomorrow.

I think BMW is forgetting the old adage in F1. An old team owner sold his team and a reporter asked, "How did you manage to make a small fortune from F1?" The team owner suggested, "Start with a larger one!"

I'd say $1 bln for a driver is a pretty large fortune so it's plenty to be wilted down to a small fortune.

Giannis · 07-24-2006, 11:47 AM

For me and for many people Schumacher=Ferrari. He is somehow connected with ferrari and he should respect that if he wants his name to have a good fame the years to come!

siko · 07-29-2006, 09:27 PM

Poppycock!

I don't believe BMW can waste that kind of money... plus no driver is worth that. Not even Schumi.

bmwownage · 07-30-2006, 12:21 AM

Paying $1bn for someone about to retire? No way, and it's a waste, i mean i won't buy a BMW because Michael Schumacher drives the F1 version of it.. i mean just be realistic, Renault has been so good but i don't see the sales of their cars going up too much...
And i think the biggest mistake is why are they calling themselves BMW Sauber? Why must they keep the Sauber name? Like i'm sure if MB buys out Mclaren, they will probably just call it Mercedes Benz even though the Mclaren brand is famous..

BMW_Dude · 08-15-2006, 07:10 AM

This article sounds like pure BS to me, no way are BMW gonna pay $1bn for any driver!

Carbon · 08-17-2006, 02:30 AM

Just like any low level tabloid, sometimes F1 "news" is made up when no other major stories are around. I'm guessing this is one of them.

First of all, Schumacher will be with Ferrari until the day he retires. Second, even if BMW were willing to pay some driver 100 million (doubtful), merchandising wouldn't make him anywhere near 900 million.

Raj · 08-25-2006, 09:10 AM

Quote:

Originally Posted by JaBriX

I just cant picture MS wearing the BMW overalls, somehow it looks wrong .. same case with MS wearing Mclaren overalls. He has been at ferrari for long time and should stay there, plus I dont want a cheat driving for teams like McLaren and BMW. The results and statistics might back him but I dont think he has a lot of respect from a lot of people.

Just like Senna would be considered a 'cheat' if he was still alive? Please advise.

07-24-2006, 11:43 AM	#21 (permalink)
450SEL6.9 Inactive Account Join Date: Oct 2005 Posts: 825 My Mood: Thanks: 57 Thanked 60 Times in 54 Posts	Re: Crazy rumor:BMW lines up $1bn payday for Schumacher I don't see how this is possible. I'm a huge Schumacher fan and I enjoy reading about the business side of F1, but this $1 billion for Schu is impossible. A couple of things. Schu is a conservative guy and sort of cheap. I've also read that he gives 10 Euros a month to his kids. He does have a new mansion in Switzerland. He's lived there for years. German taxes are as high, if not higher, than Canadian tax! In Switzerland, he pays tax based on living expenses and not his real income. According to Forbes magazine, he makes about $60 million today. He's scaled back endorsements. He makes probably as much from his Michael Collection of products. In total, I think I've read that he earns about $100-120 million US. Anyway, he is 37 so how could he make $1 bln from now? His fortune is estimated to be worth about $700 million US from 10-years of racing for Ferrari. How will be make $1 bln from the rest of his career? This article is just BS. How will BMW pay him? If his wages are $100m, where's the rest coming from? A typical bonus for winning the driver's championship for Schu is about $10-15 million. Will BMW give him a cut from each car sale? I'd love to get a copy of that article tomorrow. I think BMW is forgetting the old adage in F1. An old team owner sold his team and a reporter asked, "How did you manage to make a small fortune from F1?" The team owner suggested, "Start with a larger one!" I'd say $1 bln for a driver is a pretty large fortune so it's plenty to be wilted down to a small fortune.

07-24-2006, 11:47 AM	#22 (permalink)
Giannis Devotee Join Date: Oct 2005 Location: Patra, Greece Posts: 3,487 Thanks: 139 Thanked 212 Times in 163 Posts	Re: Crazy rumor:BMW lines up $1bn payday for Schumacher For me and for many people Schumacher=Ferrari. He is somehow connected with ferrari and he should respect that if he wants his name to have a good fame the years to come!

07-29-2006, 09:27 PM	#23 (permalink)
siko Devotee Join Date: Nov 2005 Location: Montreal, Canada Posts: 3,586 My Mood: Thanks: 815 Thanked 688 Times in 362 Posts	Re: Crazy rumor:BMW lines up $1bn payday for Schumacher Poppycock! I don't believe BMW can waste that kind of money... plus no driver is worth that. Not even Schumi.

07-30-2006, 12:21 AM	#24 (permalink)
bmwownage Enthusiast Join Date: Nov 2005 Posts: 147 Thanks: 0 Thanked 3 Times in 1 Post	Re: Crazy rumor:BMW lines up $1bn payday for Schumacher Paying $1bn for someone about to retire? No way, and it's a waste, i mean i won't buy a BMW because Michael Schumacher drives the F1 version of it.. i mean just be realistic, Renault has been so good but i don't see the sales of their cars going up too much... And i think the biggest mistake is why are they calling themselves BMW Sauber? Why must they keep the Sauber name? Like i'm sure if MB buys out Mclaren, they will probably just call it Mercedes Benz even though the Mclaren brand is famous..

08-15-2006, 07:10 AM	#25 (permalink)
BMW_Dude Aficionado Join Date: Sep 2005 Posts: 4,224 My Mood: Thanks: 265 Thanked 390 Times in 233 Posts	Re: Crazy rumor:BMW lines up $1bn payday for Schumacher This article sounds like pure BS to me, no way are BMW gonna pay $1bn for any driver!

08-17-2006, 02:30 AM	#26 (permalink)
Carbon Advocate Join Date: Oct 2005 Location: Los Angeles, CA Posts: 795 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Crazy rumor:BMW lines up $1bn payday for Schumacher Just like any low level tabloid, sometimes F1 "news" is made up when no other major stories are around. I'm guessing this is one of them. First of all, Schumacher will be with Ferrari until the day he retires. Second, even if BMW were willing to pay some driver 100 million (doubtful), merchandising wouldn't make him anywhere near 900 million.

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