Speculation about why Sir Lewis Hamilton and Mercedes are yet to ink a new deal is growing with every passing day – and another person in the paddock has now cited sources as saying that the seven-time World Champion’s salary demands are preventing a contract extension from being agreed. READ: ‘I’m Not A Nico Rosberg’:
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
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
MoreEarlier this week, it was reported that Lewis Hamilton had agreed a £120 million contract “in principle” with the Mercedes F1 team which would see him stay with the Brackley-based outfit for another three years. However, it’s yet to be confirmed that Hamilton will be staying with Mercedes beyond the end of 2020 – and
MoreWith Lewis Hamilton yet to extend his contract with Mercedes to cover the 2021 season, ex-F1 team owner Eddie Jordan has said he believes the six-time World Champion should leave the Silver Arrows to partner Max Verstappen at Red Bull Racing. “I personally believe that Lewis should go to Red Bull and not to Ferrari,”
MoreEarlier this month, F1 pundit and former team owner Eddie Jordan claimed that Ineos was poised to purchase the Mercedes F1 team. Specifically, he said they are looking to purchase a 70-percent stake for circa £700 million and suggested that team principal Toto Wolff will depart the Brackley-based racing outfit following the takeover and rebrand.
MoreMercedes F1 team principal Toto Wolff has dismissed a story broken by the Mail on Sunday which claims petrochemical giant Ineos is close to buying a large stake in the team. Former F1 team owner Eddie Jordan told the British tabloid that the company, which announced a multi-year sponsorship deal with the Mercedes F1 team
MoreThe Mercedes Formula One team is set to be rebranded, with chemicals giant Ineos reportedly agreeing to purchase a majority stake in the Brackley-based constructor for £700 million. Specifically, according to ex-F1 team owner Eddie Jordan, Ineos will purchase a 70-percent stake in the Mercedes F1 team. READ: Sebastian Vettel Says Lewis Hamilton ‘Will Never
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