F1: Lewis Hamilton demanding £40MILLION-a-year to sign fresh terms with Mercedes

Reigning World F1 Champion

Lewis Hamilton wants at least another three years in Formula One after reflecting on his career

Lewis Hamilton demanding £40MILLION-a-year to sign fresh terms with Mercedes

World Champion Lewis Hamilton is demanding £40MILLION-a-year to sign a new deal.

Hamilton’s current deal is set to expire at the end of the year.

The six-time champion is set to lay out his terms when he opens serious negotiations with team principal Toto Wolff over the next few weeks.

The 35-year old British is seeking an improvement on his current salary, from approximately $45m (£36m) to $50m (£40m).

Lewis Hamilton demanding £40MILLION-a-year to sign fresh terms with Mercedes
World Champion Lewis Hamilton is demanding a £40million-a-year to sign a new deal at Mercedes
Mercedes drop ‘silver arrows’ trim for black
Hamilton has been vocal about the lack of diversity in the sport that has been dominated by one race

Both Mercedes and Hamilton are said to be relaxed about reaching an agreement, saying they trust each other implicitly.

Discussions for a new deal were crippled with the coronavirus pandemic that caused a hiatus in the sport but Mercedes now expect progress while Hamilton and Wolff spend a long spell on the road together as Formula One journeys through the European season, starting with Sunday’s Austrian Grand Prix.

The fact Ferrari have settled their driver line-up – bringing in Carlos Sainz to partner Charles Leclerc next season – reduces the options, and somewhat limits Hamilton’s bargaining power.

Of interest will be the length of any deal, with Hamilton torn between, on one hand, a desire to see out his career at Mercedes – with all the life-long, commercial ambassadorial opportunities that presents – and, on the other, scratching an itch to sign off with a final flourish at Ferrari.

: Lewis Hamilton demanding £40MILLION-a-year to sign fresh terms with Mercedes
His estimated £224m personal fortune makes him the richest sportsman the country has ever produced