Mercedes' Lewis Hamilton ahead of the Monaco Grand Prix. Reuters
Mercedes' Lewis Hamilton ahead of the Monaco Grand Prix. Reuters
Mercedes' Lewis Hamilton ahead of the Monaco Grand Prix. Reuters
Mercedes' Lewis Hamilton ahead of the Monaco Grand Prix. Reuters

Lewis Hamilton hopes to sign new Mercedes contract 'in coming weeks'


  • English
  • Arabic

Seven-time F1 champion Lewis Hamilton says he is in talks over a new contract with Mercedes and remains hopeful it will be sorted out “in the coming weeks.”

The F1 great is out of contract at the end of the year. Hamilton has been linked by some media reports with a potential move to Ferrari should he decide not to re-sign with Mercedes.

But the 38-year-old British driver said on Thursday at the Monaco Grand Prix that there has been no approach from Ferrari, and his team is working things out with Mercedes team principal Toto Wolff.

“Naturally, in contract negotiations there's always going to be speculation,” Hamilton said. “My team's working closely behind the scenes with Toto. We're almost at the end of having a contract ready."

Hamilton, with 103 grand prix wins, was pressed further as to when the contract might be signed.

“That’s what we’re working towards, so hopefully in the coming weeks," he said. “I've got a great team in the background doing all the work.

Hamilton was relieved he no longer does his own negotiating.

“Having the team focus on that so I can just do my job, that’s a much better position that I was in before,” he said. "Because I remember I used to do my negotiations on my own, and it was very stressful.”

Hamilton, 38, will get his first taste of a major Mercedes upgrade in practice on Friday which the seven-time world champion hopes will haul him up the grid.

Hamilton qualified 13th at the last race in Miami before driving well to finish sixth, but he is already 63 points behind Red Bull's Max Verstappen in the championship standings.

However, the star driver insisted Mercedes' dethroning as kings of F1 will not impact his decision to re-sign with the Brackley side.

"We are still a championship-winning team," added the British driver. "We have just had the wrong car, and there have been decisions that have been made over the past two years that have not been ideal. We are working our way through that.

"We have a new upgrade this weekend. The team have worked incredibly hard to bring this upgrade to this race after we decided that was the direction we wanted to take.

"Although this is not the best track to see it come to fruition, we will hopefully get a better experience of that at the next race."

This weekend's race in Monaco will have many intriguing battles. Fernando Alonso is third in the drivers' title race on 75 points behind Verstappen on 119 and Sergio Perez, a street circuit specialist who won last year's race and more recently in Jeddah and Baku, on 105.

Local hero Charles Leclerc of Ferrari, who has never tasted success at his home event on what was once his bus-route to school, will hope for a change of fortune as he bids for a third consecutive Monaco pole position.

Since 2017, he has accumulated only 12 points - for finishing fourth in 2022 - and is long overdue a result that reflects his precious talent, Ferrari's form and reliability notwithstanding.

RACECARD
%3Cp%3E5pm%3A%20Al%20Shamkha%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(Turf)%201%2C400m%0D%3Cbr%3E5.30pm%3A%20Khalifa%20City%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C400m%0D%3Cbr%3E6pm%3A%20Masdar%20City%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C600m%0D%3Cbr%3E6.30pm%3A%20Wathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(T)%202%2C200m%0D%3Cbr%3E7pm%3A%20Emirates%20Championship%20%E2%80%93%20Group%201%20(PA)%20Dh1%2C000%2C000%20(T)%202%2C200m%0D%3Cbr%3E7.30pm%3A%20Shakbout%20City%20%E2%80%93%20Handicap%20(TB)%20Dh80%2C000%20(T)%202%2C400m%3C%2Fp%3E%0A
Key developments

All times UTC 4

'Hocus%20Pocus%202'
%3Cp%3EDirector%3A%20Anne%20Fletcher%3Cbr%3E%3Cbr%3EStars%3A%20Bette%20Midler%2C%20Sarah%20Jessica%20Parker%2C%20Kathy%20Najimy%3Cbr%3E%3Cbr%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

57%20Seconds
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A
Updated: May 25, 2023, 4:15 PM