Mercedes have announced the arrival of F1 legend Sir Lewis Hamilton to their team, and the Englishman joins on a one year contract for 2021 only.
Hamilton won the Bahrain Grand Prix last year to become the most successful and decorated driver in the sport’s history and is now set to try and extend his list of accolades even further with his new endeavour now made official.
‘The Mercedes-AMG Petronas F1 Team is pleased to announce that the reigning Formula One World Constructors’ Champion and the reigning F1 World Drivers’ Champion will continue together in 2021′, said Mercedes in an official statement.
‘The Mercedes works team and Lewis agreed a new contract which will see one of the sport’s most successful ever collaborations continue for a ninth consecutive season.’
‘A significant part of the new agreement builds upon the joint commitment to greater diversity and inclusion in motorsport that was made last year by Lewis and Mercedes.
‘This will take the form of a joint charitable foundation, which will have the mission of supporting greater diversity and inclusion in all its forms in motorsport.’
The World Champion was originally holding out for a three-year deal, paying out £40 million each year. However, owing to the financial conditions across the world right now, and the lack of seats elsewhere, the driver had to settle for a one year deal with Mercedes.