News Details

Daimler Reportedly Blocked $50mn Per Year Lewis Hamilton Deal

Daimler, the parent company of Mercedes and a shareholder of the Silver Arrows, reportedly blocked a new $50 million per year deal that Lewis Hamilton was set to sign during the 2020 F1 season. 'In November, when Formula 1 went to Turkey, a contract was ready that meets Hamilton's requirements: a four-year contract with a salary of 50 million a year. Daimler, however, put a stop to that,” Italy’s Corriere Dello Sport has reported. READ: Carlos Sainz Insists Ferrari Isn’t A Team Which ‘Eats & Devours’ Its Drivers Daimler currently owns just a third of the Mercedes F1 Team following restructuring last month which resulted in Ineos purchasing a third of the team and Mercedes team...
Full Story »
Share

You May Also Be Interested In...

'Daimler the reason that Hamilton has not yet signed a...

It is a certainty that Mercedes wants to continue with Lewis Hamilton....
4y ago from GPBlog.com

'Daimler blocked Hamilton's contract extension in...

It is a certainty that Mercedes wants to continue with Lewis Hamilton....
4y ago from GPBlog.com

Red Bull: 60 per cent of RB16B is carried over from...

Red Bull says its 2021 Formula 1 car, the RB16B, will effectively be 60...
4y ago from MotorsportWeek.com

Why Mercedes "never seriously considered"...

Daimler's dilution of its shareholding in the Mercedes Formula 1 team has...
4y ago from GPFans.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

How Palou can clinch his fourth IndyCar championship...

Alex Palou is the man of the moment in IndyCar, and currently holds a 121...

Colton Herta: IndyCar at Laguna Seca is a...

IndyCar’s latest visit to Laguna Seca produced rave reviews from...

Popular On TotalWRC.com

Popular On GunnersToday.com

Report: Arsenal have second bid rejected for forward,...

Arsenal are continuing their search for a new striker to add to the club...
2h ago from FreshArsenal.com

Report: Arsenal working to complete £20m deal with...

Arsenal have already made six summer signings and they could be set to...
6h ago from FreshArsenal.com

Arsenal handed double injury boost ahead of Premier...

Arsenal have been handed a double injury boost as they gear up for their...
5h ago from SportsKeeda.com

Liverpool interested in signing 20-year-old star...

Liverpool have been linked with a potential move for Arsenal target Jeremy...
7h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.