Lewis Hamilton is set to continue in Formula 1 for the foreseeable future, despite having two of the worst years of his career in 2022 and 2021.
2021 saw the 38-year-old controversially miss out on a record breaking eighth world championship on the final lap of the season to Max Verstappen, then the Brit was unable to avenge himself in 2022 as Mercedes provided him with an uncompetitive car.
Hamilton has explained that these disappointments have made him hungrier than ever, and the Brit is now set to go back on his claims that he would not race into his 40s like his former teammate Fernando Alonso.
Mercedes team principal Toto Wolff has suggested that a contract will 100 percent be signed in the near future; it is simply just a case of waiting for his star driver to return to the UK for negotiations, with Hamilton currently in Antarctica for his birthday and some pre-season training.
The demands of Lewis Hamilton surrounding his new contract have been leaked in recent weeks, with the seven-time world champion reportedly asking for an eye-watering £60m per year to remain with the Silver Arrows.
Hamilton has also reportedly asked for a £200m, ten year contract to begin after he retires as part of the deal as well, with this contract set to see him become an ambassador for the Silver Arrows when he calls time on his racing career.
Sky Sports have now shot down these rumoured demands, claiming that these leaks and stories are not true.
“Stories claiming Hamilton is closing in on a £60m per year deal bankrolled by INEOS boss Sir Jim Ratcliffe, a one-third owner of the Mercedes F1 team, are understood by Sky Sports to be without foundation,” they reported.
While the British billionaire Jim Ratcliffe may not be about to bankroll a new contract for Lewis Hamilton, rumours suggest that he may be looking to partner with the Mercedes driver in other ventures.
The pair teamed up in an attempt to purchase Chelsea FC last summer and after that venture was unsuccessful, it has been rumoured that the INEOS founder will call for Hamilton’s help again, as he looks to take over Premier League giants Manchester United.