In a day that sees the world of Formula 1 shake up like never before, the prospect of a transfer of Lewis Hamilton chez Ferrari in 2025 has effects that go beyond the purely sporting framework of the discipline.
This Thursday, Ferrari shares in New York simply climbed 10% on the back of a rumor which, at this stage, is no longer really a rumor: formalization is now expected in the coming hours.
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As indicated Motorsport.com in the morning, Lewis Hamilton would have agreed to join the Scuderia from next year, failing to honor the optional second year which appeared in his contract with Mercedes, extended last year. While an announcement could take place by this evening, the staff of the German team have already been informed during a meeting organized by Toto Wolff and his technical director James Allison, at Brackley in the afternoon.
The Mercedes and Ferrari teams are still refusing to make any comments at this stage, although the outcome appears more and more clear over the hours. This major movement on the transfer market has already caused a shock wave, which is also spreading through the financial markets. And so the value of the Ferrari company skyrocketed when the New York Stock Exchange opened.
The stock closed Wednesday with a price of $346.78 but reached $384 shortly after the stock market opened on Thursday. The current Ferrari share price is now well above its 12-month low of $252.17. And the increase could also continue over the coming hours.
Thus the capitalization of Ferrari is estimated at 69.12 billion dollars, against 62.4 billion the day before. This increase in the value of the company, more than seven billion dollars in less than 24 hours, and while nothing has yet been made official, reflects enormous confidence from the financial markets in the decision taken by the Scuderia to recruit Lewis Hamilton in the hope of eventually returning to the Formula 1 world title.
With Jonathan Noble
2024-02-01 16:10:03
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