New Cars and Bikes in India

Toto Wolffe Jokes That He Will Break The Bank To Retain Lewis Hamilton 

Toto Wolffe has repeatedly said that Lewis Hamilton and he have not found the time to close the deal thanks to the unique nature of the season.

Lewis Hamilton is now the most successful F1 driver of all time expand View Photos
Lewis Hamilton is now the most successful F1 driver of all time

Highlights

  • The Hamilton deal is believed to be in excess of $50 million a year
  • Wolffe has joked that Mercedes may need to sell assets
  • The deal is expected to be for three years

Toto Wolffe has joked that Mercedes will even consider selling inventory and leasing it back to afford Lewis Hamilton whose contract is up after the 2020 season. Hamilton who became the most successful F1 driver of all time at the race in Portimao is yet to re-sign with the Mercedes team. Despite this, he continues to dominate the field and is enroute to winning his seventh championship equally Michael Schumacher's all-time record. 

hs585ou

Lewis Hamilton has finally broken Michael Schumacher's record of most race wins in F1

Wolfe had earlier indicated that Hamilton is closing in on a deal that could be as much as $156.6 million for three years which would be a record deal. “It's “huge. We will have to sell plenty of inventory and sell the leaseback of the buildings, just to come up with the money,” the Austrian team principal joked in an interview with SkySports. 

Wolffe has repeatedly said that Hamilton and he have not found the time to close the deal thanks to the unique nature of the season. Reportedly, even though the deal has been agreed to in principle - initially Hamilton's demands were baulked at by the senior management at Daimler. 

36k5k3bg

Mercedes F1 Boss Wolff believes Hamilton is going to be expensive 

Newsbeep
0 Comments

In the last race, Hamilton defeated his teammate by a massive margin of 25 seconds after losing the lead on the first lap and dropping as low as third. Hamilton displayed an uncanny ability to manage the tyres through the changing weather which handed him the pivotal pace advantage over Bottas.

For the latest auto news and reviews, follow carandbike.com on Twitter, Facebook, and subscribe to our YouTube channel.

You might be interested in

New Car Models

BMW 2 Series Gran Coupe

Sedan, 19 Kmpl
BMW 2 Series Gran Coupe
Price Starts
₹ 39.3 - 41.4 Lakh
EMI Starts
₹ 81,580 9% / 5 yrs

Land Rover Defender

SUV, 14 Kmpl
Land Rover Defender
Price Starts
₹ 73.98 - 90.46 Lakh
EMI Starts
₹ 1,53,570 9% / 5 yrs

Mercedes-Benz EQC

SUV, 471 Km/Full Charge
Mercedes-Benz EQC
Price Starts
₹ 1 Crore
EMI Starts
₹ 2,06,130 9% / 5 yrs

MG Gloster

SUV, 12.35 Kmpl
MG Gloster
Price Starts
₹ 28.98 - 35.38 Lakh
EMI Starts
₹ 60,158 9% / 5 yrs

New Mahindra Thar 2020

SUV, 13 - 15.2 Kmpl
New Mahindra Thar 2020
Price Starts
₹ 9.8 - 13.75 Lakh
EMI Starts
₹ 20,343 9% / 5 yrs

Toyota Urban Cruiser

SUV, 17.03 - 18.76 Kmpl
Toyota Urban Cruiser
Price Starts
₹ 8.4 - 11.3 Lakh
EMI Starts
₹ 17,437 9% / 5 yrs

Kia Sonet

SUV, 18.2 - 24.1 Kmpl
Kia Sonet
Price Starts
₹ 6.71 - 11.99 Lakh
EMI Starts
₹ 13,929 9% / 5 yrs

Audi RS Q8

SUV, 8.2 Kmpl
Audi RS Q8
Price Starts
₹ 2.07 Crore
EMI Starts
₹ 4,29,698 9% / 5 yrs
Be the first one to comment
Thanks for the comments.