collapse

* Welcome

Welcome to GPWizard F1 Forum!

GPWizard is the friendliest F1 forum you'll find anywhere. You have a host of new like-minded friends waiting to welcome you.

So what are you waiting for? Becoming a member is easy and free! Take a couple seconds out of your day and register now. We guarantee, you wont be sorry you did.

Click Here to become a full Member for Free

* User Info

 
 
Welcome, Guest. Please login or register.
Did you miss your activation email?

* Newsletter

GPWizard F1 Forum Newsletter Email address:
Weekly
Fortnightly
Monthly

* Grid Game Deadlines

Qualifying

Race

* Shoutbox

Refresh History
  • Wizzo: Chat room now available. See you in there
    July 05, 2020, 02:05:12 PM
  • cosworth151: Hey Wizzo. I can see that you & dd are in the chat room but I can't get in!
    July 05, 2020, 02:04:26 PM
  • Wizzo: Hi Andy, ill look at this tomorrow.  Thanks
    May 19, 2020, 10:08:09 PM
  • Andy B: Hi Wiz, I have tried to make a donation using my UK bank account but PayPal will not accept the card as I live in NZ and have a UK card? This is not your problem but is there a way I can just pay directly with a Visa card?
    May 18, 2020, 10:41:51 PM
  • Wizzo: GPW will be down from approximately 13:30 tomorrow until the migration to the new server is complete. Once the site is "live" on the new server it could take another 24-48 hours to become accessible to all users.
    May 14, 2020, 03:18:44 PM
  • Wizzo: I've made some changes to GPW. Try it now
    April 29, 2020, 02:33:08 PM
  • lkjohnson1950: Hey Wiz, Quarantine Diaries doesn't display right for me. The bottom is cut off of the page and I can't see any post after Alia's.
    April 28, 2020, 08:13:44 PM
  • Dare: Hope your doing ok Braden...just now saw your comment. Don't be a stanger
    April 20, 2020, 04:04:18 AM
  • BraydenSoh: Hi everyone! How's life? Hope everybody still doing well!
    April 13, 2020, 03:48:17 PM
  • Wizzo: Session problem now solved. Thanks
    February 05, 2020, 09:43:41 AM
  • John S: Hey! Anyone else notice the huge number of guests on the site today - Wow!!  :yahoo:
    December 03, 2019, 08:38:00 PM
  • Wizzo: Please note: Japanese qualifying times have been updated.
    October 11, 2019, 02:05:42 PM
  • Scott: I'll be in chat for a change...hope some others will make it too.
    September 07, 2019, 08:58:16 PM
  • cosworth151: This Sunday is Mothers Day here in the States. I'll be helping with the free breakfast we do at our Amvets Post every M's Day, so I'll be popping in and out of the Chat Room
    May 10, 2019, 03:57:04 PM
  • Wizzo: Mothers day here in the UK so I will be absent in the chat room today. Have fun!
    March 31, 2019, 10:47:48 AM
  • Jericoke: For newcomers to GPWizard, make sure you check out the live chat during the race!  It's the best way to turn a dull race into a great time, and the cherry on top of a great race!  (I won't be able to attend Aussie though)
    March 15, 2019, 07:48:58 PM
  • Wizzo: The 2019 Grid Game is now open. Please check out the new rules before entering.
    February 17, 2019, 04:56:33 PM
  • John S: Glad the site is back online, we don't know how much we like it til it's gone. Thanks Wizzo.
    February 02, 2019, 09:19:33 PM
  • Calman: Glad to see you back online Wizzo.  Did the issue point to a corrupted MySQL Data Table?
    February 02, 2019, 08:53:13 PM
  • Wizzo: I apologise for the downtime. Normal service has been resumed.
    February 02, 2019, 07:53:12 PM

* Who's Online

  • Dot Guests: 68
  • Dot Hidden: 0
  • Dot Users: 1
  • Dot Users Online:

* Top Posters

cosworth151 cosworth151
15568 Posts
Scott Scott
13958 Posts
Dare Dare
12558 Posts
John S John S
10471 Posts
Ian Ian
9697 Posts

Author Topic: Lewis rumoured to have rejected new Merc F1 deal.  (Read 513 times)

Offline John S



Racing is life - everything else is just waiting. (Steve McQueen)

Offline Dare

Re: Lewis rumoured to have rejected new Merc F1 deal.
« Reply #1 on: January 05, 2021, 09:29:20 PM »
With a ready Russel set to go Lewis may not have
the bargaining power he thinks he has. Should have
took the 2 years
"The
democracy will cease to exist when you take away from those
who are
willing to work and give to those who would not."
--
Thomas
Jefferson

Offline Jericoke

Re: Lewis rumoured to have rejected new Merc F1 deal.
« Reply #2 on: January 06, 2021, 02:13:18 AM »
If memory serves, Lewis no longer uses an agent, doing his negotiating himself?

I'm sure a decent agent could assemble a 2 year contract with 2 year extension options which would please both sides.

My personal take:  it's not that that Daimler doesn't want to commit to Lewis until 2025... I think they don't want to commit to F1 until 2025.

Offline monty

Re: Lewis rumoured to have rejected new Merc F1 deal.
« Reply #3 on: January 06, 2021, 08:58:54 AM »
Quote
If memory serves, Lewis no longer uses an agent, doing his negotiating himself?

Lewis has done all of his own negotiations since he 'sacked' his Dad many years ago - he has done very well so far  ;)

Personally, I think he will hold out for a contract that will see him reach his desired retirement and that also gives him more free time. He has the the biggest 'trump card' in that he could just walk away. I think both parties want a deal so they will find a good compromise; 3 years or 2years with a performance related 2 year extension??

Offline Andy B

Re: Lewis rumoured to have rejected new Merc F1 deal.
« Reply #4 on: January 09, 2021, 08:46:49 PM »
Rumour as I doubt LH or TW would reveal details so rather than speculate I'll wait for an announcement.
Once you have retired every day is a Saturday!

Offline Jericoke

Re: Lewis rumoured to have rejected new Merc F1 deal.
« Reply #5 on: January 09, 2021, 09:04:32 PM »
Rumour as I doubt LH or TW would reveal details so rather than speculate I'll wait for an announcement.

Since Ineo and Daimler are partners in the team, I would guess any leaks come from them.

Offline John S

Re: Lewis rumoured to have rejected new Merc F1 deal.
« Reply #6 on: January 10, 2021, 01:32:58 PM »
Rumour as I doubt LH or TW would reveal details so rather than speculate I'll wait for an announcement.

Since Ineo and Daimler are partners in the team, I would guess any leaks come from them.

In negotiations with worldwide media interest it's often felt necessary to apply pressure by leaking half truths to try to force the other party's hand. 

Merc/Ineos/TW side has many avenues to leak out tidbits, or even big whoppers, Lewis has much less opportunity for such gamesmanship.

Of course TW/Merc will deny rumours and speculation, to admit to any will likely kill any negotiation stone dead.
Racing is life - everything else is just waiting. (Steve McQueen)

Offline Willy

Re: Lewis rumoured to have rejected new Merc F1 deal.
« Reply #7 on: January 10, 2021, 04:37:11 PM »
Sir Lewis, as he is now known has asked for a position as Global Ambassador for Merc after he retires and Toto does not want to give that.
I understand they are okay on salary etc but this is the sticky point.
This is what I saw in F1 news recently.
 

Offline lkjohnson1950

Re: Lewis rumoured to have rejected new Merc F1 deal.
« Reply #8 on: January 10, 2021, 08:14:54 PM »
Imagine a retired Sir Lewis standing next to a BMW saying something like...BMW did not race in F1 so I drove for another team, but now that I can choose any car I want for my daily travels, I choose BMW.
Lonny

Offline Jericoke

Re: Lewis rumoured to have rejected new Merc F1 deal.
« Reply #9 on: January 10, 2021, 09:30:46 PM »
Sir Lewis, as he is now known has asked for a position as Global Ambassador for Merc after he retires and Toto does not want to give that.
I understand they are okay on salary etc but this is the sticky point.
This is what I saw in F1 news recently.

That would fit into the narrative that Toto wants to divest of Mercedes and become involved in a different team.  Surely he wants Lewis to follow him?

Offline monty

Re: Lewis rumoured to have rejected new Merc F1 deal.
« Reply #10 on: January 11, 2021, 08:30:59 AM »
I can see the point but Toto has just increased his stake holding in Mercedes so I cannot see him divesting. As far as I understand, his involvement with Aston Martin is in the Car Manufacturing not really the F1 team, plus his investment is tiny. Of course he may have some long term plan of amalgamating the AMG team and the Aston Martin team in the future?? Then control over drivers would be very useful; but I suspect Lewis would be retiring by then.

Offline John S

Re: Lewis rumoured to have rejected new Merc F1 deal.
« Reply #11 on: January 11, 2021, 01:03:51 PM »
I think you could be right Monty. Seems to me it's Merc who are starting to distance themselves from their F1 team, by dropping their holding to a third they can certainly be out voted on future direction.

This leads me to think there's a ready made exit strategy for Wolff & Ineos to equally buy out Daimler parent company's share if and when they tire of F1.   
Racing is life - everything else is just waiting. (Steve McQueen)

 


SimplePortal 2.3.6 © 2008-2014, SimplePortal
Menu Editor Pro 1.0 | Copyright 2013, Matthew Kerle