F1 Gossip: Hamilton closer to MERCEDES AMG PETRONAS, Schumacher in for a new contract

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Last week, we brought into your attention the latest rumors regarding Lewis Hamilton's future in Formula 1 beyond 2012 (see HERE). Now, we have found out that the Briton is closer and closer to signing a contract with MERCEDES AMG PETRONAS effective from 2013 onwards. Moreover, Michael Schumacher will renew his partnership with the Silver Arrows team for another two years, at least.

These reports have surfaced on various German and British publications and are based on statements of trustful inside sources. The reason Lewis Hamilton is now fully focusing on MERCEDES AMG PETRONAS is the fact McLaren have not improved their offer for 2013. By contrary, the annual salary he will get from the Woking-based team will actually be smaller then the current value, in part due to the difficult financial situation of Vodafone McLaren Mercedes, also at risk of losing its main title partner.

On the other hand, the involvement of MERCEDES AMG PETRONAS in Formula 1 is deeper as months pass, even though results are yet to appear. An important part of the money they gain from this motorsporting comes from activity of supplying V8 engines to McLaren and Force India, which is undeniably a strong point that many do not have. Moreover, the Brackley-based team is the sole F1 entity willing to meet Hamilton's demands and make him an offer he cannot refuse.

There are also some telling Michael Schumacher is also near to signing a contract extension with the team, running out at the end of the 2014 season. After that moment, if the former champion decides to resign, MERCEDES AMG PETRONAS will continue the collaboration with Schumacher by offering him an executive role at the team.

In this entire gossip, there is only one weak point. Nico Rosberg's future is at risk, even though a contract for 2013 has already been signed. Most probably, the lack of constance and the last results he achieved could result in him being removed from the main driver lineup and offered a role as test driver inside the team.

Only future will tell if what has been said here is true, but we are confident enough to make a prediction: Michael Schumacher is here to stay for 2013. :)

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