In recent weeks, it has been reported that Lewis Hamilton and Mercedes have been struggling to agree a contract extension due to the seven-time World Champion demanding a pay rise and Daimler, Mercedes’ parent company, being unwilling to pay him such a salary while it is cutting costs. Follow us on Google News to never
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Lewis Hamilton is the only F1 driver currently without a contract for the 2021 season, with the seven-time World Champion still unable to agree a new deal with the Mercedes F1 Team. Last week, it was reported that Hamilton’s salary demands and “attitude” were holding up negotiations, with Daimler, Mercedes’ parent company, unwilling to give
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Mercedes and Lewis Hamilton are yet to ink a new contract which will see them continue to race together in 2021 and beyond, but a breakthrough could be on the horizon according to reports from Italy. Last week, the Rome-based Corriere dello Sport newspaper reported that Daimler, Mercedes’ parent company, had blocked a $50 million
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Lewis Hamilton is now officially a free agent, with his most recent Mercedes contract expiring at the end of 2020 and the seven-time F1 World Champion yet to agree a new deal with the Silver Arrows. Hamilton and Mercedes have previously insisted that there is no reason for them not to continue their journey together,
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Daimler, the parent company of Mercedes and a shareholder of the Silver Arrows, reportedly blocked a new $50 million per year deal that Lewis Hamilton was set to sign during the 2020 F1 season. “In November, when Formula 1 went to Turkey, a contract was ready that meets Hamilton’s requirements: a four-year contract with a
MoreBritish multi-national petrochemicals company Ineos has acquired a significant stake in the Mercedes F1 Team, while Toto Wolff has agreed to stay on as team principal and CEO for another three years and has increased his shareholding in the team. Under the new ownership structure, the Mercedes F1 Team is equally owned by Daimler, Ineos
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With just a single grand prix of the 2020 F1 season to go, Lewis Hamilton is still yet to sign a contract extension with Mercedes beyond the end of this year. It is believed that Hamilton, now a seven-time Formula One World Champion, has been trying to negotiate a pay rise, while Daimler, Mercedes’ parent
MoreMercedes team principal Toto Wolff has said they are looking to avoid agreeing a one-year contract extension with Lewis Hamilton, as that would mean they’d need to go through the negotiating process all over again next year. “We are in a new world and COVID really has changed the way we do business and the
MoreDaimler CEO Ola Kaellenius has announced that they are planning to slash the budget of the Mercedes F1 Team, but he reaffirmed their commitment to Formula One. Speaking at a virtual roundtable event with reporters earlier this week, the CEO of the Mercedes F1 Team’s parent company said: “We have as little reason to step
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