Ferrari set to announce title sponsorship deal with $27 billion worth tech giants

Ferrari is one of the most historic names in the world of F1.

Ferrari set to announce title sponsorship deal with $27 billion worth tech giants

Ferrari (Via: Imago)

The Scuderia Ferrari F1 team is set to announce a partnership with tech giants Hewlett Packard in the coming weeks. This partnership deal will be one of the most major deals in the sport and will give a massive boost to the Fred Vasseur-led team financially in the 2025 season.

This deal with Hewlett-Packard will surely help Ferrari to pay seven-time world champion, Lewis Hamilton‘s salary from next season. According to rumors, the Briton is set to earn a whopping 84 Million dollars per year, which can probably be why this partnership will commence.

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Moreover, this deal with HP will help the Prancing Horses compete with the Red Bulls, as from what is known the valuation of the deal is 27 billion which is similar to the one RB possesses with Oracle. Moreover, Ferrari has lacked a title sponsor for the past two seasons since their controversial contract with Mission Winnow ended. This deal will finally change that.

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From what it looks like, the moment the team secured Hamilton’s services for next year and looked to be competitive with Red Bull, they earned themselves a title sponsor. The deal with HP will surely boost the morale of everyone on the Maranello-based team.

Ferrari CEO reveals his thoughts on the team’s current performance

Ferrari has had a very good start to the ongoing campaign. The Maranello-based outfit seems to have sorted out their major tire wear issues, and have even won a race, with Carlos Sainz‘s incredible victory in Australia.

Carlos Sainz, Fred Vasseur and Charles Leclerc in the Ferrari garage.
Carlos Sainz, Fred Vasseur and Charles Leclerc (Via: Imago)

This turn of performance since last season has led Ferrari CEO, Benedetto Vigna to share his thoughts on his team’s pace this season.

We started better than last year, but there is still work to be done and there always will be. The team only had one podium this time last year, as well as just one race win all season. The world of competition is like a person's life accelerated to the maximum - things can change quickly, going between good and bad. Stasis does not exist, everything flows quickly.
Benedetto Vigna during an interview with La Repubblica

The Italian added how he’s proud that his team has turned a leaf and improved themselves a lot since the start of last year, but needs to keep pushing and extract more performance as nothing stays stagnant in F1. Ferrari is currently second in the Constructors Championship with 151 points and will definitely want to push further and challenge the insanely dominant Red Bulls.

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