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Transfer of the century/Hamilton's move boosts Ferrari's value by $7bn in 24 hours

2024-02-02 18:21:08Sport SHKRUAR NGA REDAKSIA VOX
Transfer of the century/Hamilton's move boosts Ferrari's value by $7bn
Lewis Hamilton

The transfer of Lewis Hamilton to Ferrari could be the transfer of the century in the world of sports and since yesterday, as the red-headed scuderia itself has confirmed, it is a reality in the world of Formula 1.

The transfer that shocked the sporting world creates a binomial that could be formidable starting in 2025. The successful British driver joins forces with the most famous company, signing a contract that is likely to be the most lucrative in the history of Formula 1.

This new chapter in Hamilton's career represents what is likely to be the finalization of his dream of winning an eighth world championship, writing the history of this sport by overtaking the legend Michael Schumacher.

If the British pilot, now 39 years old, accomplishes the mission with the red suit and the Ferrari car, then his will be a story that would be the envy of the Netflix scriptwriters.

On the other hand, for Ferrari this deal brings F1's biggest name to a team that already has far greater expectations than any other. The costs are high for both sides, but winning a championship will be astronomical. The equilibria that unfold from Hamiltonian motion are vast. The 39-year-old's departure at the end of the year will leave Mercedes with a huge gap in its driver line-up for 2025 and just over 12 months to fill it.

Meanwhile, Ferrari's value increased by 7 billion in a few hours because of the deal with him. The market reaction, in fact, shows the importance of the deal. Before there were official announcements from Mercedes and Ferrari, the Italian red-head's share price on the New York Stock Exchange rose from $346.78 billion to $384. This means that Ferrari jumped as a value on the capital market, from $62.4 billion in 69.12.

The price per share rose by around 10%, of course bringing the overall jump in the value of the team. These are record numbers for the company since Ferrari went public on the New York Stock Exchange.


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