Behind the scenes of Lewis Hamilton’s new contract

Lewis Hamilton has renewed his contract with Mercedes-AMG F1 for two seasons, based on what was concluded just a few months ago.

The current contract of the seven-time world champion was the result of more than 6 months of negotiations between the two parties. Signed in January of this year, it allows access, according to our partner’s data GP . business bookWith a salary of 45 million euros in Hamilton and a big bonus in the event of the title of world champion. For this new contract, the terms are exactly the same. Toto Wolff admitted that he made a copy/paste of the existing deal. Thus, financially and legally, the goals are the same for 2022 and 2023 as for 2021.

Thus, Hamilton signed a contract on the basis of 90 million euros, to which the 50 million bonus is added in the case of the title. Standard salary.

The Accelerate 25 project, from the German team allowing for greater diversity of the technical team at the Brackley plant has been a success, so the next step is to set up the enterprise, as expected in the current decade.

INEOS does not clarify

However, it was understood that Hamilton’s contract renewal was due to be completed long before his current signing. In fact, important details had to be dealt with before anything else.

A few weeks ago, English petrochemical giant Ineos signed a sponsorship agreement with All Blacks worth €7 million annually, which was canceled after a complaint from Greenpeace. The environmental organization accuses the English company of being the plastic pollution dealer in a report that has put enormous pressure on New Zealand rugby. The New Zealand Football Association is looking for a new All Blacks shirt sponsor until the next World Cup in 2023. An agreement is currently pending.

The situation alerted Lewis Hamilton who requested guarantees from Jim Ratcliffe, president of INEOS. The English group shares the English champion’s salary and has 33% of the Mercedes AMG F1 team. Clarification is needed.