Lewis Hamilton is yet to sign a new contract with Mercedes, and The Sun believes they know the reason behind the “holdup”.
Lewis Hamilton’s current contract with Mercedes will expire at the end of 2023, and he is yet to a sign a new deal.
While both himself and Mercedes team boss Toto Wolff already stated that the new deal is just a formality, many observers are wondering what’s taking so long.
Former F1 driver David Coulthard recently said he believes the ‘holdup’ has to do with Lewis’ sponsorship commitments, and now the Sun reports the same thing.
“At the Hungarian GP, Merc boss Toto Wolff said the two parties had “emotionally” agreed to sign – so why the holdup?” read the report.
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“The likelihood is that the duration of the contract – expected to be two years – has been agreed. As well as the wages of around £50 million a year.
“However, the likely sticking point will centre on the amount of time Hamilton will be contractually obliged to be available for Mercedes’ sponsors.
“Hamilton is in the box seat. He knows his worth to Mercedes in terms of his brand and is understandably willing to play hardball,” the report concluded.
It has to be noted that at the moment there is no official word from Mercedes on this issue, as well as no mention of any kind of ‘holdup’, so this is all just speculation for now.