Lewis Hamilton signs new deal that will keep him at Mercedes until 2025

Seven-time world champion Lewis Hamilton has signed a new contract with Mercedes that will see him remain with the team until the end of 2025.

The Silver Arrows confirmed on Thursday that Hamilton and George Russell will continue their all-British partnership for the next two seasons with reports suggesting the 38-year-old will earn in the region of £50 million a year.

The contract will mean Hamilton will extend his spell with Mercedes to 13 years and keep him in Formula One past his 40th birthday, ending months of speculation about his future.

“We dream every day of being the best and we have dedicated the past decade together to achieving that goal,” said Hamilton.

“Being at the top does not happen overnight or over a short period of time, it takes commitment, hard work and dedication and it’s been an honour to earn our way into the history books with this incredible team.

“We have never been hungrier to win. We have learnt from every success but also every setback. We continue to chase our dreams, we continue to fight no matter the challenge and we will win again.

“I’m grateful to the team who have supported me both on and off the track. Our story isn’t finished, we are determined to achieve more together and we won’t stop until we do.”

Hamilton has won a record 103 races and stands on seven world titles but he has not tasted victory since he controversially missed out on an eighth world crown with defeat to Max Verstappen in Abu Dhabi in 2021.

Mercedes' announcement brings to an end speculation over his future as they struggle to compete with dominant Red Bull who have won every GP so far this season.

Hamilton currently sits fourth in the drivers' standings, 183 points behind leader and reigning champion Max