Formula One champions Mercedes announce five-year principal sponsorship deal with petrochemicals giant Ineos
Ineos Chairman Jim Ratcliffe and Mercedes AMG Petronas F1 Team's principal Toto Wolff reveal the team's new livery for the upcoming 2020 season during a media event the Royal Automobile Club in London on February 10, 2020.
"We like the platform but at the same time we are in negotiations with the rights holders and things need to be sorted out. Ridiculing recent media reports that Mercedes were considering pulling out of the sport, he envisaged instead a time when Formula One actually made a profit for the carmaker. "We want to make it a no-brainer from the sheer numbers ... that the Formula One activity will be something that will be a profitable exercise, like it should be."
Hamilton is out of contract at the end of this year but Wolff made clear his desire that the 35-year-old Briton should remain with the team, saying they were the "obvious pairing going forward."
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