mobile app bar

Mercedes Set to Lose $1 Billion Worth Sponsor Because of Lewis Hamilton’s Move

Somin Bhattacharjee
Published

Formula 1 São Paulo Grand Prix 2024 will take place. In the photo, the driver, Lewis Hamilton 44, MERCEDES

Lewis Hamilton will, undoubtedly, bring a wealth of experience to Ferrari. Well, the Brit would add to the team’s wealth too. Hamilton’s marketability enabled Mercedes to sign deals with many big and lucrative sponsors. The same brand worth and recognition will now serve Ferrari, and, many deals are in the making, say reports coming from Italy.

Tommy Hilfiger, a long-time partner of Hamilton, joined Mercedes in 2018. The American fashion label will end its association with the Brackley-based team this year. Hilfiger, a $1 billion brand, will follow Hamilton to Ferrari, reported Autoracer. 

“The recruitment of Lewis Hamilton is also a major marketing move for Ferrari, which will make the seven-time world champion one of its image men,” read the report.

It may soon become an exodus of brands going by how things are shaping up. There have been reports that Monster Energy will also move to Ferrari. The energy drinks company had been with Mercedes much before Hamilton  from 2010, when the Silver Arrows entered F1.

The brands moving camps, in addition to the financial gains already made from rising stocks since Hamilton’s arrival was announced, have made the Brit a prized asset at Ferrari.

The gains, of course, would be mutual. Ferrari is F1’s biggest name and one of the legacy teams in the mix. And Hamilton’s brand, Almave, will surely get a boost through the partnership.

Almave is a non-alcoholic tequila that Hamilton launched in 2023. Hamilton plans to expand the brand in the coming years, and he could leverage Ferrari as a platform for that.

Hamilton will compete in three more races for Mercedes before officially becoming a Ferrari driver at the turn of the year.

The most successful and commercially appealing driver of all time joining F1’s most decorated stable — this partnership has the potential to create history both on and off the track. And, it has started already.

Post Edited By:Aishwary Gaonkar

About the author

Somin Bhattacharjee

Somin Bhattacharjee

x-iconinstagram-iconlinkedin-icon

Formula 1 Editor Somin Bhattacharjee fell for the sport as well as Fernando Alonso on the same day — during the Spaniard’s thrilling victory at the German GP in 2010. Over the years, the passion magnified manyfold, and metamorphosed into a writing career in 2021. Though holding a bachelor's degree in marketing, Somin discovered his true calling in writing. He has penned over 2,700 articles for TheSportsRush, presenting a diverse range — news reports, opinions, and exclusives. A true Tiffosi, Somin never gives up on a chance to defend the Ferrari boys as a fan. As a sports writer though, he remains objective to the core and relishes opportunities to follow and engage in dissecting the action during races. That’s where the real thrill lies for him. Beyond the racetrack, Somin plays different sports including soccer. He enjoys exploring other sporting events and proudly supports Spanish soccer club Real Madrid.

Share this article