Alonso wants $50 million per year to stay at Ferrari

How much you want Fernando?

How much you want Fernando?

Multiple authoritative media sources claim Fernando Alonso is seeking around $50 million a year to sign a new contract and remain with Ferrari.

Amid his obvious frustration at lacking a third title after five years in red, and reports he might be looking to leave the fabled team, authoritative Autosprint reports in its latest edition that the Spaniard is playing hardball in his negotiations for a new deal beyond 2016.

Ferrari wants a new three-year contract with Alonso, extending his current tenure to 2019, when the double world champion will be 38, the sports daily La Gazzetta dello Sport also reported.

Fernando Alonso is the only one to win for Ferrari of late his last win coming at the Spanish GP in 2013

Fernando Alonso is the only one to win for Ferrari of late his last win coming at the Spanish GP in 2013

And Autosprint said it is “not just reports” that the driver, arguably the best overall in Formula 1 at present, wants a whopping €35 million per season.

That equates to almost $50 million per year, or about $140 million over the life of the new deal.

It is reportedly almost a doubling of Alonso’s current Ferrari retainer, and perhaps beyond even the dizzying heights of Michael Schumacher’s earning power with the Maranello based team.

Bild newspaper is reporting the same news, claiming Alonso’s new fee would be “one of the largest contracts in sports history”. (GMM)