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Formula One: Hamilton Agrees £40m Two-Year Contract Extension With Mercedes

Formula One: Hamilton Agrees £40m Two-Year Contract Extension With Mercedes

Formula One world champion, Lewis Hamilton, has agreed a two-year contract extension with Mercedes worth £40m it was announced on Thursday.

“This contract extension has basically been a formality since [Mercedes CEO] Toto [Wolff] and I sat down during the winter, so it’s good to put pen to paper, announce it and then get on with business as usual,” Hamilton who has won three F1 titles, for Mercedes is quoted as saying by BBC.

“I have been part of the Mercedes racing family for 20 years and I have never been happier inside a team than I am right now. We are on the same wavelength both on and off track – and I am looking forward to winning more in the future and shining even more light on the three-pointed star.

“I’m very confident that Mercedes is the right place to be over the coming years. Although we have enjoyed so much success together since 2013, Mercedes is hungrier than ever – from Dr [Dieter] Zetsche and the board members at the top of Daimler, through Toto and the team management, to every single person I meet in the corridors of Brixworth and Brackley.

Hamilton has won 65 races in his F1 career, putting him second on the all-time list behind Michael Schumacher, and 44 of those victories have come with Mercedes, who he joined in 2013 after ending a six-year spell with McLaren in which he won one world title.

He holds the record for pole positions in F1 with 76 and is also second on the all-time list for podiums with 124.

Hamilton currently sits second in the drivers’ championship going into this weekend’s German Grand Prix at Hockenheim, eight points behind Ferrari’s Sebastian Vettel.

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