Vital F1 - Hamilton deal edges closer
Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

'If It's F1, It's Vital'

Hamilton deal edges closer

McLaren and Lewis Hamilton had publicly spoken about their desire to get the Brits contract situation sorted over the F1 summer break.

The British driver is out-of-contract at the end of the 2012 season and has previously been linked with moves to Red Bull, Ferrari and Mercedes.

But with Mark Webber committing to Red Bull following his win at the British Grand Prix and a move to either Ferrari or Mercedes unlikely, Hamilton and McLaren understand the need to seal the deal and that is what all parties are currently working towards.

It had been previously reported that McLaren were set to offer Lewis Hamilton a mega £20million per season contract to remain with the team, which would actually be an improvement on his current five-year £15million per season contract which expires at the end of the 2012 Formula One World Championship.

The Daily Telegraph believed the finer details of that offer were yet to be finalised and could prove to be a sticking point as there will be a lot of negotiations regarding Hamiltonís commercial rights.

Hamiltonís management company XIX Entertainment will argue for more free-time for Hamilton to be able promote his own brands and projects, while McLaren will argue that Hamilton has his own team sponsorship commitments to fulfil.

Another factor for Hamilton would be the emotional link he holds with the McLaren team.

Hamilton has of course grown up around the team since he was a 13-year-old and leaving the team and everything he has ever known would be tough.

So while the 2008 Formula One World Champion will of course drive a hard bargain, ultimately all parties know that they want to resolve the issues and that would appear to be where they currently stand.

'We are closer and of course we are in dialogue,' McLaren Managing Director Jonathon Neale told Sky Sports.

'For obvious reasons I can't speculate more at the moment. We are working very hard to find a common ground.'








Join Vital F1

It's easy to join up and join in on VitalF1.com, simply click the link and enjoy getting involved!

If you are already a member of Vital Football, your logins will automatically work on VitalF1.com!

The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Wednesday August 15 2012

Time: 10:10AM

Your Comments

Just give him the real trophies Ron and do the deal FFS.
johnkelv
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Vital F1 Articles

Blog: Hungarian GP Report (Monday July 27 2015)

2015 Hungary GP - Race (Sunday July 26 2015)

Blog: Hungaroring Qualifying (Saturday July 25 2015)

2015 Hungary GP - Qualifying (Saturday July 25 2015)

2015 Hungary GP - FP3 (Saturday July 25 2015)

2015 - Hungary GP - FP2 (Friday July 24 2015)

2015 - Hungary GP - FP1 (Friday July 24 2015)

Drivers mourn at Bianchi's funeral (Wednesday July 22 2015)

Blog: Hungaroring Preview (Tuesday July 21 2015)

Who will win in Hungary? (Tuesday July 21 2015)

Chilton dedicates win to Bianchi (Monday July 20 2015)

Jules Bianchi dies aged 25 (Saturday July 18 2015)

McLaren trying to unlock potential (Thursday July 16 2015)

Red Bull lack patience (Wednesday July 15 2015)

Button's future up in the air (Friday July 10 2015)

Hamilton wants more control (Thursday July 9 2015)

Mercedes to power Red Bull Racing? (Wednesday July 8 2015)

Blog: British GP Report (Tuesday July 7 2015)

Records fall for Hamilton (Monday July 6 2015)

2015 - British GP - Race result (Sunday July 5 2015)

Blog: Silverstone Qualifying (Sunday July 5 2015)

2015 - British GP - Qualifying (Saturday July 4 2015)

2015 - British GP - FP3 (Saturday July 4 2015)

2015 - British GP - FP2 (Friday July 3 2015)

2015 - British GP - FP1 (Friday July 3 2015)

Hamilton calls for better trophies (Thursday July 2 2015)

Blog: Silverstone Preview (Wednesday July 1 2015)

Pirelli to request more F1 tests (Tuesday June 30 2015)

New contract for Horner (Monday June 29 2015)

F1 teams are all talk says Todt (Monday June 29 2015)

Formula 1 v Formula E (Monday June 29 2015)

Positive test for McLaren (Friday June 26 2015)

Mosley praise for Ecclestone (Thursday June 25 2015)

Red Bull to sack Horner? (Wednesday June 24 2015)

Angry Mateschitz (Tuesday June 23 2015)

Blog: Austrian GP Report (Sunday June 21 2015)

2015 Austrian GP - Race (Sunday June 21 2015)

Blog: Red Bull Ring Qualifying (Saturday June 20 2015)

Four drivers hit with penalties (Saturday June 20 2015)

2015 Austrian GP - Qualifying (Saturday June 20 2015)

2015 Austrian GP - FP3 (Saturday June 20 2015)

2015 Austrian GP - FP2 (Friday June 19 2015)

2015 Austrian GP - FP1 (Friday June 19 2015)

Italian Grand Prix to alternate? (Thursday June 18 2015)

Will Michelin return to Formula One? (Thursday June 18 2015)

Blog: Red Bull Ring Preview (Wednesday June 17 2015)

Who will win in Austria? (Tuesday June 16 2015)

Hulkenberg wins Le Mans (Monday June 15 2015)

Head knighted (Monday June 15 2015)

Grosjean apology for Stevens (Wednesday June 10 2015)

Renault quit threat very real (Tuesday June 9 2015)

Blog: Canadian GP Report (Tuesday June 9 2015)

2015 - Canada - Race (Sunday June 7 2015)

Blog: Montreal Qualifying (Sunday June 7 2015)

2015 - Canada - Qualifying (Sunday June 7 2015)

2015 - Canada - FP3 (Sunday June 7 2015)

2015 - Canada - FP2 (Friday June 5 2015)

2015 - Canada - FP1 (Friday June 5 2015)

Verstappen under fire (Friday June 5 2015)

Manor Marussia sign Fabio Leimer (Thursday June 4 2015)

Blog: Montreal Preview (Wednesday June 3 2015)

Manor Marussia make key appointments (Wednesday June 3 2015)

Who will in Canada? (Monday June 1 2015)

Extra homework for Kimi (Friday May 29 2015)

Blog: Monaco GP Report (Monday May 25 2015)

Archived Vital F1 Articles

List All Vital F1 Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Red5 1056
2. DJ 967
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 583
6. Druss_the_Legend 540
7. Push The Button 461
8. col8 334
9. The Intimidator 166
10. __villa__ 145

Current Site Poll (view all polls)

Who will win in Hungary
Hamilton 27%
Rosberg 3%
Vettel 3%
Raikkonen 67%
Bottas 0%
Massa 0%
Someone else 0%