F1 News & Gossip

F1 team 'set to announce MEGA signing' in major Red Bull challenge

Stuart Telford Tuesday 23 April 2024 21:57

F1 team 'set to announce MEGA signing' in major Red Bull challenge

Ferrari have already signed Lewis Hamilton for 2025, and now they are hoping another deal will close the distance between themselves and Red Bull.

The team have won the constructors' title a record 16 times, but not since 2008, a fact that they hope will change through the signing of seven-time champion Hamilton.

Red Bull have taken that particular crown for the last two seasons, with Max Verstappen winning the drivers' equivalent in each of the last three seasons.

The Scuderia are hoping that the signing of seven-time champion Hamilton from Mercedes in 2025 will change their fortunes, and now they are set to announce another deal, according to a report from Sport Business.

Lewis Hamilton isn't Ferrari's only new signing

RBR's Oracle deal is the most lucrative in the sport

How much will Ferrari's HP deal be worth?

Ferrari will reportedly team up with Hewlett Packard as their new title sponsor, with the American technology company supposedly paying the Maranello-based team similar to that of Red Bull's deal with Oracle.

That particular deal is the most lucrative of its kind in F1, with it being worth $500 million over the duration of its five-season cycle.

Driver salaries do not count against F1's cost cap, meaning teams are allowed to spend an unlimited amount on their stars, and Hamilton's mega-money move to Ferrari may be evidence of the spending power that Ferrari have.

However, with the injection of cash reportedly being significant, it will be a welcome sponsorship deal for the most successful team on the F1 grid.

Red Bull Max Verstappen Lewis Hamilton Ferrari Hewlett Packard

Latest News

GPFans Recap

Ricciardo tipped for NEW F1 role as star makes COMEBACK at Las Vegas Grand Prix - GPFans Recap

1 hour ago

Las Vegas Grand Prix

F1 Las Vegas Grand Prix: The music artists set to star at STUNNING event

2 hours ago

Latest F1 News

Mercedes star SHOCKED by FIA reaction after damning drivers' statement

3 hours ago

Latest F1 News

Verstappen reveals F1 RETIREMENT clue ahead of Las Vegas GP

Yesterday 20:47

Lewis Hamilton

Hamilton drops Mercedes BOMBSHELL ahead of Las Vegas GP

Yesterday 20:02

Las Vegas Grand Prix

F1 star reveals DEPORTATION threat at Las Vegas Grand Prix

Yesterday 19:18

More news

F1 Race Calendar 2024

GP AUSTRIA 28 - 30 Jun

George Russell

GP GREAT BRITAIN 5 - 7 Jul

Lewis Hamilton

GP HUNGARY 19 - 21 Jul

Oscar Piastri

GP BELGIUM 26 - 28 Jul

Lewis Hamilton

GP NETHERLANDS 23 - 25 Aug

Lando Norris

GP ITALY 30 Aug - 1 Sep

Charles Leclerc

GP AZERBAIJAN 13 - 15 Sep

Oscar Piastri

GP SINGAPORE 20 - 22 Sep

Lando Norris

GP USA 18 - 20 Oct

Charles Leclerc

GP MEXICO 25 - 27 Oct

GP QATAR 29 Nov - 1 Dec

GP ABU DHABI 6 - 8 Dec

Complete kalender 2024

F1 News 24/7

Races

About GPFans

GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.

We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.

With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.

Follow us on your favorite social media channel

Corporate & Media

Innovatieweg 20C
7007 CD, Doetinchem, Netherlands
+31645516860

CHOOSE YOUR COUNTRY