Tag: contract

In a surprising turn of events, seven-time Formula 1 world champion Lewis Hamilton has announced his departure from Mercedes at the end of the 2024 season to join Ferrari, marking a significant shake-up in the auto racing league. Mercedes confirmed that Hamilton "activated a release option" in his contract, ending his 11-year partnership with the team. Toto Wolff, the team's Principal, and CEO, acknowledged the historic success of their relationship, stating, "In terms of a team-driver pairing, our relationship with Lewis has become the most successful the sport has seen, and that’s something we can look back on with pride." Wolff continued, "However, we knew our partnership would come to a natural end at some point, and that day has now come. We accept Lewis’s decision to seek a fre...