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Where does the money come from to pay for Hamilton? [split]


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#1 heineken2008

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Posted 22 January 2013 - 10:12

Im just wondering . .

Ok, the speculation is that LH is gonna be paid something in the region of $20mil per year - from Mercedes.

Now, I know that they (Merc) were footing half his salary at Macca anyways, but . . does anyone have an idea where the extra 10mil comes from?

For a team (Merc) that hasnt particularly done well in the last number of years, where would they find an extra 10mil per annum for one (1) of its employees

I know its not a lot of money in F1 terms, but plucking 10mil out of the sky cant be that easy, especially when youre not winning??

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#2 noikeee

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Posted 22 January 2013 - 10:32

Im just wondering . .

Ok, the speculation is that LH is gonna be paid something in the region of $20mil per year - from Mercedes.

Now, I know that they (Merc) were footing half his salary at Macca anyways, but . . does anyone have an idea where the extra 10mil comes from?

For a team (Merc) that hasnt particularly done well in the last number of years, where would they find an extra 10mil per annum for one (1) of its employees

I know its not a lot of money in F1 terms, but plucking 10mil out of the sky cant be that easy, especially when youre not winning??


They sell a lot of cars.

#3 F1ultimate

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Posted 22 January 2013 - 11:08

They sell a lot of cars.


Yeah. Daimler AG made more than 5 billion euros in profit in 2011 and are also sponsored by Petronas that makes 10-20 billion in profit every years. So footing 10 million to have one of the best F1 driver's on the grid isn't a hard one to swallow - especially if you get to perv on Nicole Scherzinger whenever she will be around to support her hubby.

Lewis has made a really good decision given the financial caliber of the team and their keenness to support Lewis with a team of top F1 talent. I can almost smell another 2011 around the corner given the commitment Merc has to 2014. Given how calm Lewis is and the fact that he is also hyping up 2014 indicates that he has seen things we don't know about. After all he would unlikely have signed with the team because of recent performance.

#4 TheSpecialOne

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Posted 22 January 2013 - 11:40

Im just wondering . .

Ok, the speculation is that LH is gonna be paid something in the region of $20mil per year - from Mercedes.

Now, I know that they (Merc) were footing half his salary at Macca anyways, but . . does anyone have an idea where the extra 10mil comes from?

For a team (Merc) that hasnt particularly done well in the last number of years, where would they find an extra 10mil per annum for one (1) of its employees

I know its not a lot of money in F1 terms, but plucking 10mil out of the sky cant be that easy, especially when youre not winning??



Schumacher has left, so surely his lack of salary, plus the cash they were footing to mclaren makes the difference probably pretty negligible. They're effectively paying for one expensive driver rather than two normal salaries (schumachers and a bit of hamiltons).

#5 Clatter

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Posted 22 January 2013 - 11:48

Yeah. Daimler AG made more than 5 billion euros in profit in 2011 and are also sponsored by Petronas that makes 10-20 billion in profit every years. So footing 10 million to have one of the best F1 driver's on the grid isn't a hard one to swallow - especially if you get to perv on Nicole Scherzinger whenever she will be around to support her hubby.

Lewis has made a really good decision given the financial caliber of the team and their keenness to support Lewis with a team of top F1 talent. I can almost smell another 2011 around the corner given the commitment Merc has to 2014. Given how calm Lewis is and the fact that he is also hyping up 2014 indicates that he has seen things we don't know about. After all he would unlikely have signed with the team because of recent performance.


Signing for a team based on a 2014 promise\prediction is just as stupid. Doesn't matter what they show him or what they say are the plans, there is no guarantee of anything transforming into performance and none of the other teams will be sitting still.


#6 P123

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Posted 22 January 2013 - 12:56

Im just wondering . .

Ok, the speculation is that LH is gonna be paid something in the region of $20mil per year - from Mercedes.

Now, I know that they (Merc) were footing half his salary at Macca anyways, but . . does anyone have an idea where the extra 10mil comes from?

For a team (Merc) that hasnt particularly done well in the last number of years, where would they find an extra 10mil per annum for one (1) of its employees

I know its not a lot of money in F1 terms, but plucking 10mil out of the sky cant be that easy, especially when youre not winning??


Simple- they no longer pay Schumacher. Hamilton is a replacement, not an addition.

#7 robefc

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Posted 22 January 2013 - 13:02

Signing for a team based on a 2014 promise\prediction is just as stupid. Doesn't matter what they show him or what they say are the plans, there is no guarantee of anything transforming into performance and none of the other teams will be sitting still.


True but signing a long term contract on your perception of long term potential rather than just which car will probably be quickest next year has a certain logic to it.



#8 Rikhart

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Posted 22 January 2013 - 13:13

Signing for a team based on a 2014 promise\prediction is just as stupid. Doesn't matter what they show him or what they say are the plans, there is no guarantee of anything transforming into performance and none of the other teams will be sitting still.


Indeed. And even if they showed him something technical, he wouldnt understand anyway. Driver =\= engineer. The most they could have said was "we PREDICT x amount of more downforce, and a super duper engine in 2014!".

#9 undersquare

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Posted 22 January 2013 - 13:28

Signing for a team based on a 2014 promise\prediction is just as stupid. Doesn't matter what they show him or what they say are the plans, there is no guarantee of anything transforming into performance and none of the other teams will be sitting still.

There is no guarantee anywhere, about anything. On the other hand everything entails a prediction. If he'd stayed at Mac THAT would have entailed a prediction, with no guarantee.

#10 Clatter

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Posted 22 January 2013 - 13:42

There is no guarantee anywhere, about anything. On the other hand everything entails a prediction. If he'd stayed at Mac THAT would have entailed a prediction, with no guarantee.


True enough, but at least with Mac there is a pedigree and past performance that shows they are more likely to be there in the mix.

#11 Clatter

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Posted 22 January 2013 - 13:46

True but signing a long term contract on your perception of long term potential rather than just which car will probably be quickest next year has a certain logic to it.


Don't disagree with the logic, but it has to come with fingers firmly crossed rather than knowledge of something good to come.

#12 P123

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Posted 22 January 2013 - 13:51

On topic- Simple- they no longer pay Schumacher. Hamilton is a replacement, not an addition.

close topic...  ;)

#13 Watkins74

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Posted 22 January 2013 - 13:54

On topic- Simple- they no longer pay Schumacher. Hamilton is a replacement, not an addition.

close topic... ;)

Quoting yourself is the first sign of Internet Addiction. It could have been worse, you could argued with yourself. :D



#14 SunnyENTP

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Posted 22 January 2013 - 13:55

I think they get their money from lottery funding or public donations. I cant think of any other way Mercedes would get the money to fund F1.

#15 PassWind

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Posted 22 January 2013 - 13:57

Is it that hard to fathom that Lewis just wanted a new challenge, and as they say a change is as good as a holiday. For mine he left at the right time given the technical changes in 2014, he gets a year to imbed himself in the team, the team get a year to work with him and understand what he needs from the car.

As to Money it should be relatively cost neutral to Mercedes, the bean counters have probably worked out they will be a net profit on the money invested in him in certain areas where his image influences buying decisions in favour of the Mercedes brand.

#16 noikeee

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Posted 22 January 2013 - 14:01

True but signing a long term contract on your perception of long term potential rather than just which car will probably be quickest next year has a certain logic to it.


Agreed.

It's a risk and a bigger one than staying at Mac, but there's no guarantee Mac will remain competitive neither.

#17 Mauseri

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Posted 22 January 2013 - 14:23

Maybe Hamilton is also allowed to have personal sponsors, that McLaren didn't accept?

#18 f1fastestlap

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Posted 22 January 2013 - 14:32

The same place used to pay MS.... :rolleyes: