Current:Home > FinanceFormula 1 star Lewis Hamilton to depart Mercedes for Ferrari in 2025 -Thrive Capital Insights
Formula 1 star Lewis Hamilton to depart Mercedes for Ferrari in 2025
View
Date:2025-04-14 06:46:30
Seven-time World Drivers' Champion Lewis Hamilton is preparing to make a switch from Mercedes to Ferrari in a massive Formula One shake-up, according to reports.
Hamilton, who won six of his seven titles – including four straight – with Mercedes, had signed a two-year contract extension with the England-based team in August 2023. However, his contract left him eligible to depart after 2024, which the English driver is set to do after his 12th season with the Silver Arrows.
“I have had an amazing 11 years with this team and I'm so proud of what we have achieved together," Hamilton said in a statement. "Mercedes has been part of my life since I was 13 years old. It's a place where I have grown up, so making the decision to leave was one of the hardest decisions I have ever had to make. But the time is right for me to take this step and I'm excited to be taking on a new challenge."
In a May 2023 interview, the then-38-year-old Hamilton told ESPN that he had given some thought to ending his driving career away from Mercedes, even mentioning Ferrari.
"I'd be lying if I said I'd never thought about ending my career anywhere else," he said at the time. "I thought about and watched the Ferrari drivers on the screens at the track and of course you wonder what it would be like to be in red."
Mercedes announce Hamilton's departure
Mercedes made a formal announcement about Hamilton's departure on Thursday afternoon, confirming that 2024 will be his last season with the team after he activated a release option in his contract.
Silver Arrows team principal Toto Wolff added in a statement that the team accepts Hamilton's decision and that Mercedes' future potential is "exciting to contemplate."
With Ferrari's announcement just days ago of a long-term contract extension with Monégasque driver Charles Leclerc, Hamilton appears set to replace Spainard Carlos Sainz on the Scuderia roster. Leclerc and Sainz have driven together for the Scuderia for the last three seasons.
Scuderia Ferrari:Formula One driver Charles Leclerc inks contract extension with Italian team
Scuderia Ferrari announce Hamilton contract
Ferrari's Formula One team released a statement on social media to officially announce Hamilton will join the Scuderia in 2025 on a multi-year contract.
Sainz announces he will leave Ferrari after 2024
Sainz released a statement of his own on social media platform X (formerly Twitter) after Mercedes' official announcement.
"Scuderia Ferrari and myself will part ways at the end of 2024," he said. "News about my future will be announced in due course."
Max Verstappen:Dutch driver captures third consecutive Formula 1 championship
Hamilton winless in last 44 races
After years of success at the top of the standings with Mercedes from 2014-2021, Hamilton has gone winless in his 44 races over the last two seasons. Though he finished third in the World Drivers' Championship last season, he and the Silver Arrows haven't been able to overcome the dominance of Red Bull and Max Verstappen.
In the coming years, the Englishman could have a shot at breaking his tie for World Drivers' Championships with Scuderia Ferrari icon Michael Schumacher. The German won seven titles himself over the span of about a decade, including five straight for Ferrari from 2000-2004.
Ferrari would be Hamilton's third Formula One team after he began his career at McLaren in 2007 before joining Mercedes in 2013.
The 2024 Formula One season will begin on March 2 with the Bahrain Grand Prix.
veryGood! (37646)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- The Best Lululemon Holiday Gifts for Fitness Enthusiasts, Travelers, and Comfort Seekers
- SWA Token Fuels an Educational Ecosystem, Pioneering a New Era of Smart Education
- 'Fat Leonard' contractor in US Navy bribery scandal sentenced to 15 years in prison
- Drones warned New York City residents about storm flooding. The Spanish translation was no bueno
- AI FinFlare: Damon Quisenberry's Professional Journey
- NBA rewind: Thunder rise to top of Western Conference on record-pace defense
- Slightly more American apply for unemployment benefits last week, but layoffs remain at low levels
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- Zach Bryan Hints at the “Trouble” He Caused in New Song Dropped After Dave Portnoy Diss Track
Ranking
- Paris Olympics live updates: Quincy Hall wins 400m thriller; USA women's hoops in action
- Jewish students attacked at DePaul University in Chicago while showing support for Israel
- Man arrested at JFK Airport in plot to join ISIS in Syria
- Interpreting the Investment Wisdom and Business Journey of Damon Quisenberry
- Family of explorer who died in the Titan sub implosion seeks $50M-plus in wrongful death lawsuit
- Attention Upper East-Siders: Gossip Girl Fans Spot Continuity Errors in Series
- Rachael 'Raygun' Gunn, viral Olympic breaker, retires from competition after backlash
- NBA rewind: Thunder rise to top of Western Conference on record-pace defense
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Opinion: Mourning Harris' loss? Here's a definitive list of her best campaign performers.
Bribery charges brought against Mississippi mayor, prosecutor and council member
A Texas border county backed Democrats for generations. Trump won it decisively
Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
Florida awards Billy Napier a flimsy vote of confidence, as Gators crumble under his watch
A gunman has repeatedly fired at cars on a busy highway near North Carolina’s capital
Menendez Brothers 'Dateline' special to feature never-aired clip from 2017 interview