F1 News & Gossip

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

Stuart Telford Tuesday 23 April 2024 20:57

Sergio Perez, Checo Perez, Max Verstappen, Red Bull, China, 2024

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

Max Verstappen

Max Verstappen takes aim at F1 journalist in second fiery interview

26 minutes ago

Canadian Grand Prix

F1 Canadian Grand Prix 2025 results: Final classification with penalties applied

1 hour ago

Canadian Grand Prix

FIA issue additional McLaren penalty verdict over Norris and Piastri crash at Canadian GP

2 hours ago

F1 Today

F1 News Today: Piastri and Norris in late FIA summons as monster penalty ruling issued at Canadian GP

3 hours ago

Canadian Grand Prix

FIA announce outcome of LATE Red Bull protest at Canadian Grand Prix

3 hours ago

Canadian Grand Prix

Mercedes F1 star George Russell's Canadian GP victory under threat after late Red Bull protest

Today 00:19

More news

FIA announce Charles Leclerc disqualification verdict ahead of Canadian Grand Prix

12 june

250.000+ views

FIA announce Lewis Hamilton penalty verdict after Spanish Grand Prix investigation

1 june

200.000+ views

Aston Martin F1 team issue official statement after Fernando Alonso retirement

27 may

200.000+ views

FIA announce second penalty demotion after dramatic Spanish Grand Prix

2 june

150.000+ views

F1 champion loses his driving licence

4 june

150.000+ views

FIA announce harsh McLaren penalty verdict after Oscar Piastri incident at Canadian GP

14 june

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