Mercedes and Lewis Hamilton Agree £40m One-Year New Contract

Mercedes and Lewis Hamilton Agree £40m One-Year New Contract.

LEWIS HAMILTON, who had been out of contract since January 1, has finally signed his new deal with Mercedes – estimated to be worth up to £40million (€45.5 million) – committing to the race team for another year.

The 36-year-old, who currently holds the joint-record for world titles won with Michael Schumacher, will go into his 15th season in F1 looking to win a record eighth world title and surpass the legendary German racer.

A statement from Mercedes released today (February 8) said: “The Mercedes-AMG Petronas F1 Team is pleased to announce that the reigning Formula One World Constructors’ Champion and the reigning F1 World Drivers’ Champion will continue together in 2021.”

“The Mercedes works team and Lewis agreed a new contract which will see one of the sport’s most successful ever collaborations continue for a ninth consecutive season.”

Hamilton, who made his F1 debut with Mercedes F1 engine customer team McLaren in 2007 and has been powered in all his 266 Grands Prix by Mercedes-Benz engines, released a statement saying: “I am excited to be heading into my ninth season with my Mercedes teammates.

“Our team has achieved incredible things together and we look forward to building on our success even further, while continuously looking to improve, both on and off the track.”

The British driver joined the Mercedes works team in 2013 and has since won 74 F1 races as well as six Drivers’ Championships with the Mercedes-AMG Petronas F1 Team.

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