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

- 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.

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.
Mercedes F1 Boss Wolff believes Hamilton is going to be expensive
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.
Trending News
1 min readEICMA 2025: 2026 Suzuki SV-7GX Unveiled
1 min readMV Agusta Enduro Veloce Unveiled
Latest News
car&bike Team | Nov 6, 2025EICMA 2025: Honda CB1000GT Sport Tourer RevealedThe CB1000GT is based on the litre-class Hornet, but it features several changes for its sport-touring role.2 mins read
Jaiveer Mehra | Nov 6, 2025Bentley Confirms First EV To Debut In Late 2026; Teases Limited-Run Continental GT SuperSportThe carmaker confirmed that pure internal combustion models would remain part of its line-up in the form of limited-production high-performance models, while plug-in hybrid powertrains would remain on sale atleast till 2035.1 min read
Jaiveer Mehra | Nov 6, 2025New Hyundai Venue vs Maruti Suzuki Brezza: Size, Features, Engines, Prices ComparedThe second-gen Venue marks a fresh push by Hyundai to gain market share in the subcompact SUV segment, but how does it compare to the segment stalwart, the Maruti Brezza?7 mins read
Girish Karkera | Nov 6, 2025Honda Showcases New Hybrid And EV Technologies For Models Due By 2030At a recently conducted tech workshop, Honda revealed a new platform for midsize cars, as well as a new-age hybrid system for its bigger models, both aimed at boosting performance and efficiency.1 min read
car&bike Team | Nov 5, 2025EICMA 2025: 2026 Suzuki SV-7GX UnveiledThe Suzuki SV-7GX uses the 645cc v-twin engine from the iconic SV650 and the V-Strom 650 XT, updated to meet the latest Euro 5+ regulations.1 min read
Jafar Rizvi | Nov 5, 2025EICMA 2025: Aprilia SR GT 400 Crossover Scooter RevealedThe SR GT 400 is here to bridge the gap between a scooter and an adventure tourer.2 mins read


















































































































