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Lewis Hamilton's $110 million Mclaren deal

Published by on Oct 3rd, 2007, No Comments

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Lewis Hamilton is on the verge of signing a $110 million deal to stay on at the McLaren team until the end of 2012. The German newspaper Bild claims the contract, representing a mammoth pay-rise over his debut salary, is worth $17m every year plus – oddly for a McLaren contract – the ability for his father Anthony to negotiate separate marketing arrangements.

Mercedes-Benz’s Norbert Haug confirmed: “We would like to cooperate with Lewis on a long-term basis. He is a great person and a great driver.” Hamilton’s father said they are yet to sign the deal. “Not yet,” he said, then referring to the upcoming FIA inspections at Woking. “There are still things to go through, such as whether the team is definitely in formula one.”

The news coincides with Hamilton telling reporters in the McLaren motor home that he has earned more respect from the team than his championship rival Fernando Alonso. “And since what’s gone on in the last few weeks they’ve realized who the real people are in the team and who they really should back,” the Briton, 22, added.

“We arrived at Spa and he is sitting there laughing and joking. I don’t understand it.” Hamilton confirmed suspicions that his relationship with the Spaniard is almost non-existent. “He is not the person I imagined him to be,” he said. (GMM)

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Mclaren looses points and fined $100m

Published by on Sep 14th, 2007, 1 Comment

Following the nine hour hearing at the FIA headquarters in Paris, the World Motor Sport Council have changed their original verdict and now find McLaren guilty of the charges of industrial espionage. The Working-based team have had their points stripped away and excluded from the 2007 campaign, and they have also been fined an unprecedented $100m (the largest ever imposed in motor sport history). The news comes as a shock to Formula One fans the world over, and of course also means that Ferrari have just about become the 2007 constructors champions, even though four races are still to run.

The WMSC has stripped Vodafone McLaren Mercedes of all constructor points in the 2007 FIA Formula One World Championship and the team can score no points for the remainder of the season.

Furthermore, the team will pay a fine equal to $100m, less the FOM income lost as a result of the points deduction.

However, due to the exceptional circumstances in which the FIA gave the team’s drivers an immunity in return for providing evidence, there is no penalty in regard to drivers’ points.

McLaren team members under active criminal investigation

Published by on Sep 11th, 2007, No Comments

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Italian law enforcement authorities paid an unannounced visit to the McLaren pits on Saturday, as the team prepared for the Italian Grand Prix the following day. They informed McLaren team manager Ron Dennis that he was under investigation and also informed six other members of the McLaren team that they were being investigated. The investigation centers on Team McLaren’s possession of 780 pages of confidential documents stolen from Ferrari. (more…)

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