Lewis Hamilton‘s £40m-a-year Mercedes contract expires at the end of this season and Ferrari have held talks with the Brit over a move in 2021
Lewis Hamilton’s potential switch to Ferrari has gained serious momentum as Mercedes face a make-or-break meeting over their Formula One future.
The six-time world champion’s £40million-a-year contract with the Silver Arrows expires at the end of this season and Ferrari have held preliminary talks with the Brit over a move in 2021.
Hamilton’s stunning title last year moved him to within just one triumph of Ferrari great Michael Schumacher’s record tally of seven.
And the possibility of Hamilton, 35, joining the famous Ferrari outfit has gathered pace with the news that Mercedes will meet in two weeks’ time to decide whether to quit F1.
Mercedes’ current contract to race in F1 expires at the end of this season and the board of the team’s parent company Daimler have pencilled in a meeting for February 12th.
In a joint investigation by Autocar and Racefans, it has been discovered that Daimler are under increasing pressure to cut costs.
The German corporation announced last year their plans to slash €1billion from their wage bill, which would result in at least 10,000 worldwide jobs being cut.
The company has ploughed huge amounts of money into their F1 programme since returning to the sport in 2010 and have reaped the rewards with six straight double world championships.
But there are now huge doubts over their future.
Hamilton has previously hinted that his next move could be determined by the whereabouts of Toto Wolff, the Mercedes boss who has overseen five of his six titles.
Wolff has been linked with replacing Chase Carey as F1’s top boss while there are also claims he is considering investing in Aston Martin alongside Racing Point owner Lawrence Stroll.
Hamilton’s future has been a huge topic of discussion in recent months and this latest development only adds fuel to the fire regarding his 2021 seat.
The Brit has made no secret of his admiration for the Italian giants and at the Abu Dhabi Grand Prix he did little to shut down talk of a move.
Ferrari, who handed Charles Leclerc a new long-term deal last month, have grown frustrated with Sebastian Vettel after a series of high-profile misdemeanours.
And a link-up between the finest driver of his generation and F1’s most successful team seems like a match made in heaven.
News from The Mirror