Mercedes formalizes divorce from Lewis Hamilton at the end of 2024. The announcement was made in a press release from the Formula 1 Team. The team explained that Hamilton has activated the clause to free himself from the contract renewed until 2025. «The Mercedes team and Lewis Hamilton will separate at the end of the 2024 season – reads the note – Lewis activated a release option in the contract announced last August and this season will therefore be his last in charge of the Silver Arrows. The news brings to an end what is currently a 17-year F1 relationship with Mercedes-Benz and an 11-year partnership with the factory team.”
Maranello’s announcement
Lewis Hamilton will drive Ferrari in the Formula 1 World Championship “from 2025, with a multi-year contract”. The Maranello team has just announced it.
“Enthusiastic about this new challenge”
“The time has come for me to take this step and I am excited to take on a new challenge.” Lewis Hamilton stated this in a statement published by the Mercedes team together with the announcement of his divorce in 2024, without explicitly mentioning the name of Ferrari, to which he is destined. «I have spent 11 wonderful years with this team – continues Hamilton – and I am so proud of what we have achieved together. The decision to leave was one of the hardest I’ve ever had to make. I want to finish strong together and I want to make it unforgettable.”
The stock soars on the stock exchange
Ferrari’s rise on the stock market consolidates. The Cavallino stock rises by almost 9% to 351.6 euros. The 2023 accounts closed with a net profit of 1.25 billion, up 34% on 2022, the first time over the billion threshold, aiding the sprint. But also the insistent rumors about the arrival of Lewis Hamilton at the helm of the Maranello team’s single-seater.