Toto Wolff Clears the Air on Hamilton’s Contract Renewal Speculations.

Toto Wolff dismisses rumours of Lewis Hamilton seeking an “ambassadorial role” in his new F1 contract.

Hamilton and Mercedes have been engaged in negotiations for an extension of his current contract, set to expire at the end of this season. Despite ongoing optimism, a finalized agreement is yet to be reached.

Recent reports suggested that the seven-time world champion was seeking a 10-year deal worth £200m for an ambassadorial position after his F1 career concludes.

However, Mercedes has refuted this claim and denied any rejection of such a request.

“No, we’re not talking about an ambassadorial role post his retirement, nor is that part of the contract negotiations,” said the Austrian

“I think he has many years to go as a driver within this team and therefore it’s only about cleaning things up in the contract.

“I know it looks a little bit like ‘Why is this not done and dusted?’

“But it’s simply down to trivial things that just need to be cleaned up in contracts and we need the time.”

Following the Austrian Grand Prix, Wolff emphasized that the discussion at hand goes beyond financial matters; it is centred on shaping the future.

Despite recent upgrades to the W14, the Brackley-based team still faces a gap between them and their fierce rivals.

However, these upgrades have provided them with a competitive edge to fight for the coveted second spot in the Constructor’s championship.

The Silver Arrows are reportedly developing the W14 to align with the driving style of the seven-time world champion, which further strengthens the possibility of Hamilton extending his contract.