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: ‘I prefer to be pessimistic’ about...

Marc Marquez admits he prefers to be “pessimistic” over his chances...
17h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Alex Palou opens ‘all the options’ in Ganassi’s...

Alex Palou won his seventh IndyCar race of the season on Sunday,...
11h ago from MotorsportWeek.c...

Linus Lundqvist on standby if Nolan Siegel cannot race...

Arrow McLaren announced on Monday that Linus Lundqvist will be with the...
11h ago from MotorsportWeek.c...

Mixed Iowa fortunes eliminates Team Penske from...

Team Penske showed flashes of domination in the two races from Iowa...
14h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Transfer latest: Arsenal agree £16.5m deal for...

t;li>Arsenal to pay Valencia initial £13m for defenderFluminense...
9h ago from TheGuardian.com

Arsenal agree deal to sign Mosquera

Arsenal have agreed a deal with Valencia worth an initial £13m plus...
8h ago from SkySports.com

Arteta's Arsenal: Can the Gunners' Boss Deliver the...

The question hanging over North London is no longer one of progress, but...
11h ago from FreshArsenal.com

Analysis: How Viktor Gyokeres could transform...

With Arsenal set to finally get their man in Viktor Gyokeres, Arsenal fans...
11h ago from FreshArsenal.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.