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Former F1 racing boss believes star drivers make too much money

Lewis Hamilton Formula One
Lewis Hamilton Formula One

Here's everything you need to know about the wonderful world of motorsports this week.

Former FIA president Max Mosley believes F1 drivers are being paid too much.

Mosley, the former president of Formula One's governing body, told GQ Magazine that salaries for the sport's elite drivers are "absurd."

These comments come just days after Mercedes-AMG's Lewis Hamilton put pen to paper on a three-year contract worth an estimated $160 million.

At the same time, Formula One's less affluent teams such are struggling to stave off bankruptcy.

According to ESPN, Mosley explained to GQ that there would be a hard budget cap in place were he put in charge of the racing series.

IndyCar Detroit Race 2
IndyCar Detroit Race 2

IndyCar's Detroit race got wet and wild on Sunday.