Sir Lewis Carl Davidson Hamilton is a very famous British racing driver, fashion designer, activist, and musician. He is now competing with Formula One for Mercedes and was the former driver of the McLaren from 2007 to 2012. Hamilton has record-breaking “World Drivers’ Championship” titles with an amazing 7 titles streak.
Hamilton got his new one-year contract with Mercedes for a price of unbelievable 30 million dollars. Helmut Marko has stated that the salary is too expensive for a Formula 1 driver. As things stand, drivers’ compensations are excluded from the spending cap which has been started for this season. In 2021, groups are just permitted to spend a sum of $145million. Notwithstanding, a pay cap is required to be actualized inside the following not many years, and Formula 1 is set to remember drivers for those discussions.
Red Bull counsel Marko is a solid promoter of minimizing expenses in Formula 1, which is the reason the group with which he works effectively pushed for a stop on motor advancement to permit them to acquire the Honda activity house from 2022.
“Hamilton is just excessively costly for Formula 1,” said Marko in a meeting. “That is the reason the drivers’ compensations ought to be remembered for the expense cap.”
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