F1 Defending Champion, Lewis Hamilton Signs £40m New Deal With Mercedes

Record Formula 1 title winner and current defending world champion, Lewis Hamilton has finally put pen to paper as he signs a new contract and an extension with Mercedes for huge sum of £40million-a-year, putting an end to speculations of him going over to Ferrari.  Lewis Hamilton Formula 1

The 7-time world champion’s initial deal with Mercedes’ Silver Arrows had already expired as at the last day of December 2023.

Mercedes’s team principal, Toto Wolff indicated at the end of January that they were in talks over renewing his deal, but admitted having a disagreement with his star driver on Zoom over the terms of his latest deal.

It was reported that Lewis Hamilton was holding out for a three-year deal, while the Silver Arrows were reluctant to agree to those terms.

But the two parties 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.

See the announcing tweet below;

Photo Credit: Getty

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