Williams Clarifies Franco Colapinto's $500,000 Per Race Fee - 'Finance Being Offered From Other Sources'

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Williams team principal James Vowles has cleared up rumors about Franco Colapinto's team paying $500,000 per race for him to race in the premier class this seas

's team paying $500,000 per race for him to race in the premier class this season, clarifying that no such incentive exists from the junior driver's side. However, he did reveal that he was receiving finance offers from other Argentinian sources, who intend to have their branding on the FW46 F1 car.

Mercedes team principal Toto Wolff put forward a strong case for Mick Schumacher, who previously raced for Haas during the 2021 and 2022 seasons, to take on the temporary role. Meanwhile, Red Bull’s Christian Horner expressed a willingness to offer their reserve driver, Liam Lawson, but with specific conditions attached to the deal.

After the hiring announcement, Vowles was quick to dismiss rumors that Franco Colapinto was paying Williams $500,000 per race to secure his spot in Formula 1, clarifying that Colapinto's inclusion had nothing to do with financial backing from sponsors. “So it’s nothing related to Franco, they want to be part of the journey and part of the journey beyond 2024, just to be clear as well, or I hope many will, we’ll see where we end up."

 

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