Ferrari’s John Elkann is said to have provided Lewis Hamilton with a co-investment fund through his family business, Exor, to support various non-F1 projects. John Elkann and Lewis Hamilton maintain a friendship that was key to Ferrari luring the seven-time World Tour champion from Mercedes on a multi-year deal starting in 2025. The news surprised F1 officials on Thursday.
Hamilton triggered a clause in his contract, allowing his two-year extension with Mercedes to end at the halfway point of the season. Sportune reports that the British driver’s signature was driven not only by the appeal of driving for Ferrari and the potential to win an eighth world title, but also by the significant investment to support Hamilton’s project. In addition to the deal, said to be worth as much as €80 million a year, according to French media, John Elkann has proposed a €250 million joint venture for Hamilton’s non-F1 initiatives, while the British He says he uses human drivers as ambassadors for his brand. Chief among Hamilton’s efforts is Mission, a charity that encourages a more inclusive education system and encourages people from diverse backgrounds to start careers in his STEM, motorsport and creative industries. It’s 44. John Elkann, his Ferrari chairman When he signed a two-year contract extension with Mercedes in September, Hamilton announced that he wanted to finish his career with the Silver Arrows and continue the relationship after his F1 retirement, following in the footsteps of the late Stirling Moss. However, Sportune points out that Hamilton’s role as an ambassador became a bottleneck in negotiations between him and Mercedes, and he remained off the negotiating table. Hamilton will be 40 years old when he embarks on his Ferrari journey, and the multi-year deal he signed with the Scuderia could be his last in F1. The non-racing terms therefore carry more weight than the contracts signed by Hamilton’s younger rivals.
2024-02-04 22:22:59
#Rumors #Ferrari #investing #Lewis #Hamiltons #projects #F1F1Gate.com
