Lewis’ jaw-droppingly expensive victory finished off a 17-race season that, like everything else in 2020, was hampered severely by COVID-19.
Last year, Mercedes had an incredible turn over of £355.5million, per a report in The Sun.
Thanks to the mega-budget they granted Hamilton and co., however, they came out with a comparatively smaller profit of £13.6million post-tax.
Let’s hope they enjoyed last year’s excess while they could because they won’t be repeating it.
Thanks to the F1’s new £115million cost cap (which excludes the payment made to the drivers), Hamilton’s big-spending team has had to change things up this year.
Toto Wolff, the Mercedes F1 head honcho, had the following to say in the team’s figures report:
"In 2021 the team will continue to develop its financial sustainability, aided by delivering maximum competitiveness under the new financial regulations and by diversifying and leveraging the capability of the team through the Applied Science division.
"Thanks to the range of revenue streams during the year, the company is still able to maintain profitability and to meet all financial obligations.
"A prudent approach will continue to be taken in regard to possible impacts on the business, and contingency plans are regularly reviewed to mitigate effects of the virus on the business."
Hamilton is competing in the Spanish GP today as he continues his work on bolstering a successful title defence this season. Starting on pole, Hamilton is riding high off last week’s Portuguese GP victory where he managed to edge out current arch-rival, Max Verstappen.
The Portuguese GP marks Hamilton’s 97th win in Formula 1. Despite enjoying an advantage for most of the race, Verstappen ultimately fell behind Hamilton. When asked for his thoughts on the race, Hamilton said:
"I really had to try and position myself the best I could, I can't remember - I think Max made a mistake at some point in the lap, which was perfect, and I knew that was going to be the lap that I was going to be as close as I could to him in the last sector.
"And then with Valtteri I had to make the move early on before the tyres were destroyed and managed to just get him at turn on, but right on my limit.
"Next few days is about recovery. A lot of debriefs, obviously a lot to download from today - there's improvements that we can make.
"Today wasn't all perfect, so we look at those areas and try and turn over the stones."
The Portuguese win has allowed Hamilton to extend an eight-point lead against nearest challenger Verstappen.
If the Red Bull ace wants to get anywhere near both Hamilton’s trophy and wild £40million salary, today may well be make or break.News Now - Sport News