Lewis Hamilton contract announcement due as Mercedes confirm Toto Wolff agreement

Lewis Hamilton is set to stay on at Mercedes for 2021 with Toto Wollf confirmed to continue with the F1 world champions. Hamilton will look to become an eight-time title winner next year and break the record of Michael Schumacher.

Wolff will stay on for three years but then have the chance to transition to an executive function in the organisation.

Mercedes tweeted: “We’re delighted to confirm that Toto will lead the team for a further three years!”

The news comes on the back of team partner Ineos is taking a one-third stake in the team.

They are now equal shareholders with Daimler and Wolff himself.

The news that Wolff has signed would seem to indicate Hamilton will stay with Mercedes into 2021 and beyond with the two having a close relationship.

Mercedes also teased an announcement regarding the F1 world champion last night on social media.

Hamilton has previously indicated he wishes to stay and has aspirations to achieve even more with the Silver Arrows.

The 35-year-old-said: “I plan to be here next year. I want to be here next year.

“I think we as a team gave more to do together and more to achieve, both in the sport and even more outside it.”

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