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Delay In The Contract Signing Of Lewis Hamilton Is Not About Money

Giancarlo Perlas July 4, 2023

The continuous delay in finalizing the contract of Lewis Hamilton with Mercedes-AMG Petronas for the next Formula 1 season sparked speculation about a potential roadblock regarding money matters. However, Mercedes team principal Toto Wolff emphasized that these delays are not related to financial negotiations but rather a result of the team’s desire to “optimize” their future plans.

What’s Keeping Lewis Hamilton and Mercedes F1 from Sealing the Deal?

The ongoing talks between Mercedes and Hamilton regarding the extension of their partnership have been the subject of much anticipation and curiosity. Despite both parties expressing optimism about reaching an agreement, no official announcement has been made, fueling speculations about potential hindrances and even the likely scenario of parting ways.

However, Wolff dismissed these concerns in an interview, asserting that the delay stems from a meticulous process of fine-tuning the final details.

Beyond Financial Matters

Contrary to popular belief, the protracted negotiations are not centered around monetary aspects. Mercedes has made it clear that the discussions transcend financial considerations and instead revolve around “optimizing” their future endeavors.

The team is focused on crafting a comprehensive plan that aligns with their long-term goals, seeking to create a solid foundation for continued success.

Addressing the Tension at the Austrian Grand Prix

The uncertainties surrounding the future of Lewis Hamilton at Mercedes coincided with moments of tension during the Austrian Grand Prix. Hamilton expressed frustration with track limits and the performance of his Mercedes W14, prompting Wolff to intervene and provide guidance.

Despite this, Wolff maintains that these incidents are not indicative of strained relations. On the contrary, he highlights the close and amicable nature of their discussions, emphasizing that setbacks like these only serve to strengthen the team’s resolve.

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About Author

Giancarlo Perlas

Giancarlo 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. 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 https://www.facebook.com/benzinsider, X (formerly Twitter) @giancarloperlas, and IG @benzinsider. View all posts by Giancarlo Perlas →

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