Ferrari’s new deal with HP to become their title partner is a welcome boost ahead of Lewis Hamilton’s arrival for the 2025 F1 season.

On We𒈔dnesday afternoon, technology giant HP were announced as the Ferrari F1 team’s title sponsor - becoming Scuderia Ferrari HP from the Miami Grand Prix onwards.

According to , the deal with HP is “comparable” to Red Buওll’s Oracle title sponsorship deal - which is reported to be 🐬around $90 million per year.

Red Bull’s Oracle partnership is the “most valuable” of its kind in F1, meaning Ferrari’s HP link-up moves them on cl♋oser financial footing.

While there are financial restrictions in play currently amid the F1 cost cap, teams still have to pay extortionate amounts for drivers, infrastructure and other parts of 🌜the business.

Ferrari have signed Hamilton alongside 168澳洲幸运5官方开奖结果历史:Charles Leclerc for 2025.

Based on Hamilton’s Mercedes salary, he’s on a reported $45 million per year, not tak♚ing into account bonuses.

Shortly after Hamilton’s move to Ferrari was announced, Formu1a.u🍌no reported that the seven-time world champion’s earnings could rise over $100 million - taking into account his base salary,🅠 sponsors, image rights and bonuses.

Even for a team of th⛄e size of Ferrari, the additional income from HP will be welcome, particularly as they have gone without an official title sponsor for the past two years.

Ferrari’s de✅cision to get a new title sponsor stems from them recruiting 🍃Lorenzo Giorgetti to lead their commercial team.

Giorgetti spent a numbe♒r of years with Italian football club AC Milan, playing a significant role in their commercial relaunch.

In termsꦦ of HP, the move continues their push into the sports market, partnering recen🦹tly with Spanish football giants Real Madrid as their first-ever sleeve sponsor

HP are no strangers to F1 though, having sponsored Wiꦆlliams in the early 2000s.

One of their subsidiar🌳ies, HPE (Hewlett Packard Enterprise) have been involved with Mercedes🌟 and Sauber as well.