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 announced as the Ferrari F1 teܫam’s title sponsor - becoming Scuderia Ferrari HP from the Miami Grand Prix onwards.

According to , the deal with HP is “comparable” to Red Bull’s Oracle title sponsorship deal - which is reported to be around $90 mi﷽llion per year.

Red Bull’s Oracle partnership is the “most valuable” of its kind in F1, meaning Ferrar💦i’s HP link-up moves them on closer financ🌌ial footing.

While there are fina🍬ncial restrictions i♋n 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 t꧟aking into account bonuses.

Shortly after Hamilton’s move to Ferrari was announced, Formu1a.uno reported that the seven-time world champion’s earnings could ris♐e over $100 million - taking into account his base salary, sponsor🧜s, 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 go🧸ne without an official title sponsor for the past two yeꦆars.

Ferrari’s decision to get a new title ✨sponsor stems from them recruiting Lorenzo Giorgetti to lead their commercial team.

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

In terms of HP, the move continues their push into the sports market, partnerin𒁏g recently with Spanish football giants Real Madrid as their first-ever sle♎eve sponsor

HP are no strangers to F1 though, havinཧg sponsored Williams in the early 2000s.

One of their subsidiaries, HPE (Hewlett Packꦦard Enterprise) have been involved with Mercedes and Sauber as well.