Lewis Hamilton has secured his Formula One future by signing a new multi-year contract with Mercedes, ensuring his presence on the grid until at least 2025. This development also extends the tenure of his teammate George Russell, whose contract now aligns with Hamilton’s.
The announcement concludes a period of speculation surrounding Hamilton’s plans beyond his previous contract’s expiry at the end of 2023.
While Hamilton consistently expressed his intent to stay with Mercedes, there had been ongoing rumours linking him to Ferrari or even contemplating retirement from the sport.
In recent months, Hamilton reiterated that the contract extension was inevitable, reaffirming his determination to contend for another championship alongside the Mercedes team.
Lewis Hamilton’s recently signed contract is reported to be valued at around £50 million per season.
Expressing his sentiments in an official press release, Hamilton emphasized that his journey with Mercedes was far from complete.
“We have never been hungrier to win,” said the seven-time world champion.
“We have learnt from every success but also every setback. We continue to chase our dreams, we continue to fight no matter the challenge and we will win again.
“I’m grateful to the team who have supported me both on and off the track.
Hamilton added: “Our story isn’t finished, we are determined to achieve more together and we won’t stop until we do.”
Teammate to Hamilton, George Russell after his contract extension with the Silver Arrows stated: “I have grown up with this team ever since joining as part of the Junior programme back in 2017. It’s my home and it feels fantastic to extend our special relationship through 2025.