Lewis Hamilton to sign £40million Mercedes deal while new Red Bull driver is set

Lewis Hamilton is close to agreeing a new £40million contract with Mercedes following his seventh Formula 1 title win last month.

The Brit’s victory at the Turkish Grand Prix saw him become the most successful racing driver ever, bringing him level with Michael Schumacher ’s championship record after already surpassing his number of race wins in October.

And now Hamilton is set to be rewarded with a new Mercedes deal, with the F1 team tweeting a picture of their star man and writing: “Announce soon”.

Hamilton then accompanied the post by stating: “I plan to be here next year. I want to be here next year. I think we as a team have more to do together and more to achieve, both in the sport but even more outside it.”

He has made it clear that he wishes to remain a member of team Mercedes next season and set his sights on resolving his future before Christmas.

News of Hamilton’s imminent contract extension comes as Mercedes prepare to announce UK billionaire Sir Jim Ratcliffe as new joint owner alongside current head of motorsport Toto Wolff.

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According to The Sun, Ratcliffe – who is worth a staggering £13billion – will work closely with Wolff and Mercedes next season after acquiring a stake in the company.

Meanwhile, Sergio Perez has reportedly put pen to paper on a deal with Red Bull that means he will partner Max Verstappen in 2021.

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Perez’s arrival will see Alex Albon demoted to reserve and test driver for the Milton Keynes based team next year.

The 2021 F1 calendar was confirmed yesterday, with a gruelling 23 Grand Prix’s making it the longest season of all time.

Hamilton will be bidding to secure a record-breaking eighth world title next year.

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