The situation has been complicated to such an extent that, starting in 2021, Lewis Hamilton has not been confirmed another year with Mercedes.
The extents between the team and its greatest asset is based on two points: the duration of the new contract and, above all, the salary to be paid.
The economic context in which the large automobile companies will operate in the next five years, predictably, is far from what was on the table at the end of 2019.
The pandemic has changed everything, and the recovery is somewhat uncertain. In this sense, the parent company Mercedes-Daimler has had to sell part of the Formula 1 team, to the point that Toto Wolff has gone from being a simple team leader to having 33% of the shares, with another third for INEOS , the multinational chemical products company, which in addition to being a sponsor will own a part.
Hamilton has the firm intention of staying in Formula 1, but not at any price.With his extra-sporting interests fighting racism, the environment, veganism, etc. pulling more of him out, if he continues it is to reach almost 40 years of age before retiring.
Therefore, he asked for a whopping $ 200 million for a four-year contract. That comes out to 50 million per season, a little more than the 47 he charged until 2020. And this was his second proposal: in the first he demanded almost 70 for three years.
Hamilton is the driver who has given Mercedes seven F1 world champioship, but it is not essential: George Russell , who has already left a very good feeling in his only race with the Herman team is much cheaper and is a driver with a great future.
