F1 champion, Lewis Hamilton finally signs the £40m Mercedes deal.
Formula 1 world champion, Lewis Hamilton has finally signed his new Mercedes contract reportedly worth £40million annually, ending speculation over his future.
On the final day of December 2020, the 7-time world champion’s first contract with the all-conquering Silver Arrows ended. This was when the rumour of the F1 star broke that he was about to jump into another whooping contract.
✍️ #AnnounceLewispic.twitter.com/EFoDLGLDIl
— Mercedes-AMG PETRONAS F1 Team (@MercedesAMGF1) February 8, 2021
Mercedes’s team principal, Toto Wolff, indicated at the end of January that they were in talks over renewing his deal, but acknowledged there was a disagreement with the star driver on Zoom over the terms of his latest deal.
Hamilton was said to be holding out for a three-year contract, although the Silver Arrows were hesitant to adhere to those conditions.
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The two parties, now, have finally come to an agreement, with Hamilton’s mega-money contract now confirmed ahead of the new season set to kick off in Bahrain on March 28
Lewis & Mercedes agree a new deal but it’s only for 1 year Which means that the contracts for both Lewis & Valtteri run out at the end of this season as does George’s at Williams. 3 drivers chasing 2 seats at Merc & all out of contract. You could argue that’s a smart move by Toto
— David Croft (@CroftyF1) February 8, 2021
Hamilton has won six of his seven world championships with Mercedes and is favorite to land No.8 this season, which will see him surpass Michael Schumacher.
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