Lewis Hamilton move causes Ferrari stock price to skyrocket by $7 billion

New York Stock Exchange reveals huge Ferrari finances amid Lewis Ham𝔍ilton swoop

Lewis Hamilton and Charles Leclerc
Lewis Hamilton and Charles Leclerc

Ferrari’s stock price has increased by a value of $7 billion due to 168澳洲幸运5官方开奖结果历史:Lewis Hamilton’s move.

The Formula 1 was rocked on Thursdꦬay by unexpected news that Hamilton will join Ferrari in 2025.

ܫIt is the most seismic driver switch since Hamilton swapped McLaren for Mercedes in 2013.

Ferrari stock increased in value by 7% pre-marke💖t, after hours of talk about Hamilton, sports-business expert  𒈔reported.

He added: “The Mercedes F1 team received about 25% of all TV time during its championship-winning seasons, and its valuation increased from $400 milli🍸on to $2.7 billion.”

Karun Chandhok, ex-F1 driver and Sky Sports broadcaster, earl🤪ier wrote: “The🌄 power of the Lewis Hamilton brand…

“Ferrari’s share price has jumped 6% today - on a market cap of 66 billion, his news is worth 📖$4 billion!”

But the opening of the New York Stock Exchange on Thurs♓day revealed the numbers had grown even further.

Ferrari's estimated market capitlisation on Thursday was worth $69.12 billion compared to $62.4 billion at the close of Wednesday's trading, almost $7 billio🅘n more. It may grow further still.

Ferrari w♛ere already the most valuable F1 team de𓆉spite their winless run without a championship stretching back to 2007.

The Italian team was valued a💛t $3.13 billion last year by .

Second-placed Mercedes were worth $2.7 billion and third-placed Red Bull were valued at $2.42 billio🎉n.

Ferrari’s financial muscle has been flexed twice within the space of the week through driver cont♌racts.

Firstly, Charles Leclerc was tied down to a new “multi-yea🐷r” agr𒅌eement.

Now Hamilton will follow him through the d🙈oors of Maran⭕ello.

Hamilton was paid $55m last season by Mercedes and Leclerc earned $19m from Ferrari in the list of 168澳洲幸运5官方开奖结果历史:F1 driver salaries. Both of those pay-days will inevitably soar in th♔e co𓃲ming years.

It will likely result in F💝errari having the most expensive driver line-up on the grid next season in terms of salaries, although that depends on who Red Bull opt to hire alongside Max Verstappen.

Read More