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 Wednesday afternoon, technology giant HP were announc🌜ed as the Ferrari F1 team’s title sponsor - becoming 🍌Scuderia Ferrari HP from the Miami Grand Prix onwards.

Accorℱding to , the deal with HP is “comparable” to Red Bull’s Oracle title sponsorship dea♏l - 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 HꦓP link-up moves them on closer financial 🧔footing.

While there are financial restrictio🦩ns 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 ta💯king into account bo𝓰nuses.

Shortly after Hamilton’s m🌞ove to Ferrari was announced, Formu1a.uno reported that the seven-time world champion’s earnings co⛦uld rise over $100 million - taking into account his base salary, sponsors, image rights and bonuses.

Even for a team of the size of Ferrari, the additional income from HP will be welcome, particularly🎐 as they have gone without an offi♎cial title sponsor for the past two years.

Ferrari’s decision to get a new title sponsor stems from them recruit🃏ing Lorenzo Giorgetti to lead the🌳ir commercial team.

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

In terms of HP,𒆙 the move continues their push into the sports market, partnering recently with Spanish football giants Real Madrid as their first-ever sleeve sponso♒r

HP are no strangers to F1 though, having🐲 sponsored Williams in the early 200🌜0s.

One of the🐟ir subsidiaries, HPE (Hewlett Packard Enterprise) have been involved with Mercedes and Sauber as well.