Formula 1 News Reports Suggest Ferrari’s £40m Contract Offer To Lure Lewis Hamilton

Giancarlo Perlas May 23, 2023

In recent Formula 1 news, speculations surrounding the future of Lewis Hamilton in the sport have intensified, with rumors suggesting a potential switch to Ferrari. According to reports, Ferrari has allegedly made a staggering £40 million contract offer in a bid to entice the seven-time world champion away from Mercedes, where he has enjoyed immense success.

Ferrari’s Pursuit of Lewis Hamilton

A new report from Gazzetta Motori claims that Ferrari is readying a substantial contract offer to tempt Hamilton to don the famous red overalls. The Italian team’s president, John Elkann, reportedly envisions a super team, pairing him with Ferrari’s rising star, Charles Leclerc, in an effort to dominate the grid.

While discussions between the parties have been rumored, no concrete developments have emerged thus far.

Mercedes’ Desire to Retain Lewis Hamilton

On the other side of the fence, Mercedes team boss Toto Wolff has repeatedly expressed his desire to continue working with Hamilton. In an interview with Austrian outlet Osterreich, he dismissed the rumors and emphasized that negotiations are proceeding in a normal manner, without any time pressure.

Despite his discomfort in discussing financial matters with a close friend and long-standing collaborator, Wolff remains confident that the veteran driver will extend his stay at Mercedes.

The Uncertain Future of the Mercedes Star Diver

As the 38-year-old superstar approaches the end of his Mercedes contract this year, uncertainty looms over his F1 future. While Hamilton has expressed his intention to renew with his present team, the allure of a fresh challenge and better car at Ferrari may be tempting.

The prospect of partnering with Leclerc, one of the sport’s brightest young talents, could prove enticing for the Briton as he seeks to secure an unprecedented eighth drivers’ championship.

Final Thoughts

While rumors and speculation continue to swirl, only time will reveal whether Lewis Hamilton will make the monumental move to Ferrari. Both Mercedes F1 and Ferrari are undoubtedly keen to secure the services of the veteran driver. Ultimately, the decision lies in his hands, and racing fans around the world eagerly await the outcome of these intriguing negotiations.

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About Author

Giancarlo Perlas

Giancarlo Perlas is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations, particularly in the blockchain and cryptocurrency sectors. Alongside his civic and corporate pursuits is his love for cars, particularly those made by Mercedes-Benz. In 2012, he found himself with like-minded individuals within BenzInsider. From then on, he used the platform as a way to share his passion with the automotive community. Follow his Facebook page at, X (formerly Twitter) @giancarloperlas, and IG @benzinsider. View all posts by Giancarlo Perlas →

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