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

Somin Bhattacharjee
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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

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Basketball Editor Somin Bhattacharjee first discovered the game during the 2014 FIBA World Cup. Not long after, he turned to the NBA and found himself drawn to the Golden State Warriors — right at the start of Stephen Curry’s rise. Over time, the admiration turned into full-blown support for the team, one that continues even as the Curry era approaches its twilight. A true hoophead, Somin also follows EuroLeague basketball closely and enjoys exploring the game beyond the NBA. Though holding a bachelor's degree in marketing, Somin discovered his true calling in writing. Since 2021, he has penned over 3,000 articles for TheSportsRush, covering everything from breaking news to sharp opinion pieces and detailed exclusives. He thrives on writing about in-game moments and the reactions that make basketball a uniquely emotional sport. Beyond basketball, Somin plays different sports including soccer and remains a passionate fan of Spanish football giants Real Madrid

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