News Details

Toto Wolff opens up on Lewis Hamilton hurting Mercedes' finances

Toto Wolff has divulged how the business aspect of the Mercedes F1 team will manage following Lewis Hamilton's departure. In addition to securing six of his seven F1 championships and boasting more grand prix wins than any other driver, Hamilton has brought financial benefits to Mercedes through his renown and personal brand. Mercedes are not only bidding farewell to the greatest F1 driver of all time but also one of the most financially rewarding. Team principal and co-owner Wolff, when asked by CNBC about the potential impact of Hamilton's departure on sponsorships and merchandise sales when he joins Ferrari, stated, 'Absolutely, Lewis stands for much more than just a racing driver....
Full Story »
Share

You May Also Be Interested In...

Breaking: Lewis Hamilton and Ferrari hit by...

Lewis Hamilton possesses a ‘non-poaching' stipulation in his...
1y ago from Formula1News.co.uk

David Coulthard shuts down claim about Lewis...

Lewis Hamilton's decision to depart Mercedes and join Ferrari after the...
1y ago from Formula1News.co.uk

Charles Leclerc ‘shocked and disappointed' by...

Charles Leclerc was reportedly ‘shocked and disappointed' upon...
1y ago from Formula1News.co.uk

Toto Wolff reacts to Lewis Hamilton quitting Mercedes...

Toto Wolff has vehemently dismissed any claims that Lewis Hamilton's...
1y ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Marc Marquez recalls the ‘super difficult...

Marc Marquez discusses his previous MotoGP career decision to depart...
48m ago from MotorsportWeek.c...

Why Fabio Quartararo feels he needs to...

Fabio Quartararo is using the MotoGP winter break to recharge and...

Popular On IndyCarToday.com

JHR retains Sting Ray Robb for second season

Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...

Aggressive testing schedule planned ahead of Mick...

Following confirmation Mick Schumacher will make a switch to IndyCar next...

Mick Schumacher joins RLL in IndyCar switch

Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...

Popular On TotalWRC.com

Popular On GunnersToday.com

Episode 856 – Ben's back

Welcome to another episode of the Arsecast – the Arsenal podcast. In...
28m ago from Arseblog.com

Roy Keane makes emphatic Premier League title...

Former Manchester United midfielder and seven time Premier League title...
3h ago from CaughtOffside.com

Riccardo Calafiori striking the balance between chaos...

In the Premier League this season, Riccardo Calafiori has averaged 1.83...
8m ago from Arseblog.com

Sources reveal Arsenal could accelerate deal for...

Arsenal manager Mikel Arteta is a big fan of Villarreal attacking...
3h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.