This is a question I have noticed that lot of my readers have been asking on search engines which have led them here, so I thought I’d do a quick post with the answer.
I had a word with a mate of mine who is an agent representing premiership footballers and I looked through my files on drivers and through the estimated figures in Formula Money, which has some good research into the financial side of the sport.
The answer is that the top drivers earn far more than the top premiership stars, but of course there are far more top footballers than F1 stars.
Top of the F1 tree is Kimi Raikkonen, who is believed to earn around $36 million £24m) per season, with Fernando Alonso on $24 million (£16m) and Lewis Hamilton understood to be on around £12 million. Jenson Button was trousering £12 million from Honda. Heikki Kovalainen gets around $5 million (£3.4m). A front of midfield driver, like Mark Webber, earns $4 million (£2.75m) with drivers like Kazuki Nakajima on around £500,000.
No premiership player is close to Raikkonen; the top earners like John Terry and Frank Lampard are on around £6 million per year, Steven Gerrard gets around £5 million. Christiano Ronaldo earns £4 million. Like F1, the sport rewards its stars disproportionately compared with the average competitor. The average premiership salary is £500,000 per year. All of these figures are for the salary, not including the endorsements that many drivers and players have.
So the bottom line is, the top premiership stars earn roughly the same as the midfield guys in F1.
It’s only a quick look at the picture, but hope that answers your question.