Ferrari’s Value Soars Over A$5.8 Billion Following Lewis Hamilton’s 2025 Deal
Ferrari has witnessed a remarkable surge in its value, exceeding A$5.8 billion, subsequent to the announcement of Lewis Hamilton’s anticipated move to the team in 2025. The seven-time world champion’s decision to leave Mercedes at the end of the 2024 F1 season resulted in a six percent increase in Ferrari’s share price, elevating its value by A$6.12 billion.
This announcement coincided with Ferrari’s release of financial results for the 2023 fiscal year, showcasing growth in revenues and earnings. The Italian company’s share price reached a record high of A$588 on the New York Stock Exchange, propelling its market value to approximately A$105 billion, inching closer to the USD$100 billion milestone.
The potential impact of Hamilton’s move is evident, with reports suggesting a staggering USD$100 million (A$153 million) salary for the British driver, inclusive of sponsors, image rights, and bonuses. This figure marks a significant increase from his current A$84 million per year deal with Mercedes.
Hamilton’s departure from Mercedes, where he has been associated for 11 years, heralds a new chapter as he joins Ferrari, replacing Carlos Sainz and partnering with Charles Leclerc in 2025. The move comes via a break clause in the two-year deal Hamilton signed with Mercedes in the previous season, allowing him to transition to Ferrari at the end of 2024.
Italy’s reaction to the news has been overwhelmingly positive, with newspapers like Corriere Della Sera and La Gazzetta Dello Sport lauding it as a “coup of global proportions.” Former Ferrari driver Jean Alesi described it as a historic union between a legendary team and a great champion, anticipating heightened competition in the F1 races.
Despite the excitement, there are acknowledgments of the challenges ahead for Ferrari, with a focus on providing Hamilton with the ideal car to pursue his quest for an eighth F1 title. The move has generated discussions about the potential impact on Charles Leclerc, who recently signed a long-term contract with Ferrari.
As the F1 season approaches, Hamilton’s shift to Ferrari has set the stage for an electrifying competition and heightened interest across the racing community. The financial boost and increased market value underscore the significant implications of this high-profile move for both Ferrari and the Formula 1 landscape.
