ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Lewis Hamilton Makes Shock Move To Ferrari For 2025 F1 Season

This unexpected move comes as Hamilton activated a release clause in his Mercedes contract, paving the way for him to replace Carlos Sainz at the iconic Scuderia
PUBLISHED FEB 2, 2024
In August last year, Hamilton signed a £50 million-a-year deal ($6,34,30,500) to drive for Mercedes in 2024 and 2025. Photo by Jared C. Tilton | Getty Images
In August last year, Hamilton signed a £50 million-a-year deal ($6,34,30,500) to drive for Mercedes in 2024 and 2025. Photo by Jared C. Tilton | Getty Images

In a stunning turn of events, Lewis Hamilton, the seven-time Formula 1 World Champion, has decided to part ways with Mercedes, his team since 2013, and join Ferrari for the 2025 season. This unexpected move comes after Hamilton activated a release clause in his Mercedes contract, paving the way for him to replace Carlos Sainz at the iconic Scuderia Ferrari.

The announcement, confirmed by Ferrari on Thursday evening, signals the end of an era for Hamilton at Mercedes. The British driver, whose current contract was set to expire at the end of 2025, leaves behind a legacy as the most successful driver in F1 history, boasting 103 wins and 104 pole positions. Michael Schumacher is the only other driver to claim seven world titles.

“I have had an amazing 11 years with this team and I’m so proud of what we have achieved together. Mercedes has been part of my life since I was 13 years old,” Hamilton said in a team statement.

“It’s a place where I have grown up, so making the decision to leave was one of the hardest decisions I have ever had to make. But the time is right for me to take this step and I’m excited to be taking on a new challenge.”

Lewis Hamilton at Baku City Circuit | Getty Images | Photo by Mark Thompson
Lewis Hamilton at Baku City Circuit | Getty Images | Photo by Mark Thompson

In August last year, Hamilton signed a £50 million-a-year deal ($6,34,30,500) to drive for Mercedes in 2024 and 2025. There was no option for a third year under the terms of his new arrangement. The British Formula One racing driver has emerged to be statistically the most successful driver in F1 history with several records to his name during his over a decade-long F1 career. 

Hamilton's decision to join Ferrari finally brings him to the team he has been linked with multiple times throughout his illustrious career. While he had signed a two-year contract extension with Mercedes last summer, the allure of Ferrari's rich history and the opportunity to emulate Schumacher's success was too tempting to resist.

Sky Sports News' Craig Slater points out the significance of this move for Hamilton, stating, "Hamilton's 39 years old now. This is maybe his last opportunity to drive for Ferrari." The question now looms whether Hamilton can secure an eighth world title, following in the footsteps of Schumacher, who won five of his seven championships with the Italian team.



 

Hamilton's recent struggles on the track, with no wins since December 2021, and the dominance of Red Bull in recent years may have influenced his decision. The 2025 season will see Hamilton in a new environment, battling it out with Ferrari, who have been competitive but trailing behind Red Bull.

The British driver's past links to Ferrari have been a recurring theme throughout his F1 career. Although he has consistently expressed contentment at Mercedes, talks with Ferrari last year and earlier in his career hinted at a desire to experience the iconic red racing suit.

Charles Leclerc, who recently signed a new contract with Ferrari, will be Hamilton's teammate for the 2025 season. Leclerc, having previously partnered with Sebastian Vettel and Carlos Sainz, welcomed Hamilton to the team, acknowledging the opportunity to learn from the veteran driver.

Charles Leclerc of Monaco and Ferrari and Lewis Hamilton of Great Britain and Mercedes talk in the Paddock during previews ahead of the F1 Grand Prix of Great Britain at Silverstone Circuit | Photo by Ryan Pierse | Getty Images
Charles Leclerc of Monaco and Ferrari and Lewis Hamilton of Great Britain and Mercedes during previews ahead of the F1 Grand Prix of Great Britain at Silverstone Circuit | Photo by Ryan Pierse | Getty Images

Hamilton's departure leaves Mercedes facing a challenging decision in selecting his replacement. With Sainz also without a drive for 2025, the F1 driver market is in flux. Speculation surrounds potential candidates like George Russell within the Mercedes camp and external options such as Alex Albon.

As the 2024 F1 season kicks off with the Bahrain Grand Prix from February 29 to March 2, all eyes will be on Hamilton's performance and the dynamics at play within both Mercedes and Ferrari. The upcoming season promises excitement, drama, and a new chapter in the remarkable career of Lewis Hamilton.

MORE ON MARKET REALIST
The airline said that it has made this policy change to be competitive in the market.
1 day ago
People do not usually think of Costco when planning a trip, but perhaps they should.
1 day ago
The retailer has done a fantastic job in diversifying its driver workforce and keeping them happy.
1 day ago
The host loved the answer he heard and could not help himself in that moment.
1 day ago
Those who are lucky enough to win it would have perhaps the best Christmas of anyone.
1 day ago
The FTC stated Instacart misled consumers about costs, falsely advertised free delivery, and charged membership fees without consent.
1 day ago
“We will never succumb to not being the best price and driving prices down for our members," CEO Ron Vachris said.
1 day ago
Kiyosaki has time and again asserted that silver is the "most accessible and affordable" investment, as everyone can afford to buy it.
1 day ago
"Excellent letter selection by Chantal! Congrats to her and her mama Norbit!!" a fan reacted.
1 day ago
It is a job that requires one to be at their most energetic on every single day they come into work.
2 days ago
The retailer hopes to make shopping experience a lot smoother for its loyal members.
2 days ago
The components in the supplement could react with nitrate found in some medicines.
2 days ago
The economy is unpredictable at the moment, and macro policies have affected their spending habits.
2 days ago
The money would be sent to him by a wealthy Israeli-American family, who have been his friends.
2 days ago
This recall, affecting retailers like Costco and Publix is classified as a class 2 recall on December 4, indicating potential health issues.
2 days ago
“Congress did not intend that agencies could pay $86 million for their workers just to sit at home,” former OPM acting director said.
2 days ago
“For 150 years, they wanted a ballroom, and we’re giving them — myself and donors are giving them, free of charge for nothing," he said.
2 days ago
Contestant Ellie Williams, who is pregnant with her second child playfully revealed she would name her son "Ryan".
2 days ago
The figure is not a small one, and many believe that they won't be able to achieve that goal.
3 days ago
For millions, up to $1,000 could be added to their healthcare premiums.
3 days ago