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Home » Fernando Alonso contract details emerge with €38m salary and 2028 option

Fernando Alonso contract details emerge with €38m salary and 2028 option

Fernando Alonso, 2024 F1

Fernando Alonso is reportedly set to become an even bigger financial presence at Aston Martin, with new details suggesting that the two-time Formula 1 World Champion will earn €38 million during the 2027 season. According to information revealed by Marc Limacher, that would represent an €8 million increase from the €30 million agreed for 2026.

The reported figure would place Fernando Alonso among the highest-paid drivers on the Formula 1 grid and underline the value Aston Martin continues to place on the Spaniard as the team pursues its long-term ambitions.

Fernando Alonso reportedly receives €8m Aston Martin pay rise

The increase from €30 million to €38 million in the space of a year would amount to significantly more than a simple financial reward. Fernando Alonso, who is approaching the age of 46, continues to demonstrate a level of performance and reliability that few drivers of his generation have been able to maintain so late into their careers.

The contract reflects Aston Martin’s desire to retain a driver capable of playing an important role in the development of its Formula 1 car, particularly during a period in which the British team is aiming to establish itself among the leading competitors.

Alonso’s reported salary increase follows several seasons in which he has helped raise Aston Martin’s profile through both his performances and the media attention surrounding one of the most recognisable drivers in the championship.

A €38 million salary for 2027 would place him among Formula 1’s best-paid drivers and further demonstrate how highly experience and a driver’s wider contribution continue to be valued alongside results on track.

Fernando Alonso deal reportedly includes 2028 option

The agreement is also reported to contain an option covering the 2028 Formula 1 season. According to the same information, a decision on whether to activate that clause should be made by July 2027.

Such an arrangement would give both Aston Martin and Fernando Alonso the opportunity to assess the team’s progress and the Spaniard’s performance before committing to another season together.

For Aston Martin, retaining Fernando Alonso means continuing to work with an experienced technical and competitive reference point as the team pursues further development. For the Spaniard, the arrangement provides the opportunity to extend an already extraordinary Formula 1 career with a project that has restored his motivation and offered the prospect of fighting closer to the front.

Alonso remains central to Aston Martin’s Formula 1 plans

The reported agreement reinforces Fernando Alonso’s position as one of the central figures in Aston Martin’s Formula 1 project. Beyond his race performances, his extensive experience gives the team a reference for car development and feedback as it works towards its wider competitive objectives.

At an age when most Formula 1 drivers have long since retired, Alonso continues to combine longevity with competitiveness and significant commercial value. If the reported €38 million salary and 2028 option are confirmed, his latest agreement would underline just how important Aston Martin believes he remains to the team’s future.

Oct 2, 2026Mark Robinson
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Mark Robinson

Mark Robinson has been following Formula 1 since childhood and brings a wealth of knowledge about the sport's history and evolution

8 days ago Aston Martin, F1 News, Fernando Alonso2027 Formula 1 season5

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