Formula One news

Schumacher will still earn millions after F1

Even if Michael Schumacher won't be earning his money with racing in Formula One we don't have to feel sorry for the German. After this season he will be earning around 20 million euro a year with promotion activities his manager revealed.

His manager, Willi Weber, told German magazine Bild that 15 big international companies want to use Schumacher in their promotion activities. "My goal is to make Schumacher a commercial king," Weber said. "Most of our current partner will stay with us. I've been in this business for many years but I never experienced what is happening at the moment. Companies seem to be fighting for Michael since he announced his retirement."

Schumacher's current partners Shell (1.6 million euro a year), watchmaker Omega (1 million euro) and DVAG (2.6 million) have already extended their contracts with Schumacher. In his Formula One career Schumacher earned over 650 million euro already.

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