Lewis Hamilton contract to be signed ‘this week’ due to Toto Wolff Mercedes fear

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Lewis Hamilton is set to sign his contract “this week” – because Toto Wolff holds a fear at Mercedes.

The Brit has been stalling over signing a £120m three-year deal with the F1 team he achieved a record-equalling seventh Drivers’ Championship with last year.

With the 36-year-old amassing £260m in wealth, he has the option to walk away from racing and pursue other ventures.

But Eddie Jordan, who has been in motorsport for 30 years and is still connected in the industry, believes it will all come to an end soon because of team chief Wolff’s desire to have no distractions for the upcoming campaign.

Speaking to the PA Agency, the 72-year-old said: “I believe Lewis will be signed within a week. I cannot see it going into February.

'Where do Mercedes go after Lewis? Of course, they can have the pick of the crop, but that is not the way Toto operates.

“He has increased his shareholding over the winter, brought in INEOS as a one-third shareholder, and he doesn't want to be walking up and down the paddock with somebody new that he has to think about.

“He wants to be there with the man of the moment, he wants to be there with the king of all kings in Formula One and that is Lewis Hamilton.”

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Hamilton’s deal with Mercedes expired on December 31 – and there are just weeks left before the 2021 season gets going.

And Wolff admitted that talks had been tough with the man who has the most Grand Prix wins in history.

The team boss said: "The lawyers are working hard. We don't make life easy for them, of course, when we both argue over Zoom and keep sending curveballs to the lawyers.

"But he's in America now and I'm here in Austria. At some point we will finalise it. It's how it is with negotiations.

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"You always come from different corners, but that's quite normal.

"We have a really solid basis in our relationship. We have celebrated great successes together and want to continue doing so in the future.

"But sometimes you have to talk things out in detail, and that took or still takes us some time. But before Bahrain at the latest, you have to sign something at some point."

Hamilton, though, has also been warned that he is “disadvantaged” at the German manufacturer.

  • Lewis Hamilton
  • Mercedes

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