Lewis Hamilton Plans For His Future On The Track With Mercedes And Off It With Charity Work

In 2008, the Briton set up a foundation with the help of his father, Anthony, who is not in line for a return to Hamilton’s management. It has not proved a success. It received nearly £180,000 in 2009 but has been wound down and recorded no income last year.

Representatives at XIX have since produced analysis for Hamilton on Oprah Winfrey and Madonna’s charitable work, with a view to doing something similar. While there is nothing definite in Hamilton’s mind at this stage, it is thought he would like to build something – a school, or a hospital – in an impoverished part of the world. He has worked for Unicef and Save the Children as an ambassador and is serious about pursuing humanitarian work after F1.

Hamilton said: “A lot of drivers come back after F1 and do commentary, but I have different plans and aspirations. So it’s about positioning myself so that when I stop I have something to continue on with. At some stage, when I retire, I’ll have something that I’m also really interested in that is a substitute for racing. So that’s something I want to start working towards.”

Hamilton made clear on Monday night he did not see a pressing need to hire a new management team. He now travels with his trainer, while his father has been to a few races.

The split with XIX remains amicable enough, with several staff at Fuller’s agency still doing bits of work for Hamilton. The 29-year-old said in Austin that Fuller remained a “dear friend” and people at XIX are optimistic that Hamilton will re-sign with them in a few years.

Relationships are fair less harmonious at the back of the grid, however. Anger remains at the demise of the two smallest teams – Marussia and Caterham – but there is hope that CVC Capital Partners, the sport’s owners, will offer a “base payment” so that the rebellious small teams can survive. It would mean a £100 million windfall for the sport's minnows.

The unlikely threat of a boycott, most seriously considered by Force India, was averted in the hope of an acceptable deal from Bernie Ecclestone and CVC, expected by Friday at the earliest, just days before the Brazilian Grand Prix.

The biggest teams have ruled out handing any of their prize money to the smallest squads, so a top-up payment from CVC seems the only solution. The private equity firm stepped in after the weekend in Texas proved a PR disaster for Formula One.

Gérard Lopez, the Lotus team principal, said: “I know CVC and Bernie have been looking at this but it’s going to be a base payment that is given to the smaller teams, let’s call them the racers, which is essentially going to make it possible for a normal budget to be pretty much close every year.”

Ferrari received more than £100 million in prize money last year while Marussia were handed just £6 million. Representatives of Marussia were in Austin frantically working on a possible rescue deal.

Eddie Jordan, the BBC pundit and former team owner, said F1 should be ashamed of the way it was treating the smaller teams.

“Without the small teams, you lose the very fabric of the make-up of Formula One,” he said. “It is disgraceful the way they are being treated. I am absolutely sick of the way F1 is being run at the moment.”


Trending Hairstyles

Source : http://www.telegraph.co.uk/sport/motorsport/formulaone/11206617/Lewis-Hamilton-plans-for-his-future-on-the-track-with-Mercedes-and-off-it-with-charity-work.html

Lewis Hamilton plans for his future on the track with Mercedes and off it with charity work
Lewis Hamilton on Vettel, Alonso, Verstappen, winning a fourth title & his future
Lewis Hamilton not interested in racing outside of F1 but has 'exciting' future plans
US Grand Prix: Lewis Hamilton has 'no plans to take a knee'
Lewis Hamilton's horror weekend continues with 160mph crash in qualifying after Mercedes team are held at gun point while leaving Interlagos as Valtteri Bottas takes Brazilian ...
Motorsport Jobs: What is it like to work in Formula 1?
Lewis Hamilton Terms 2015 as His 'Best Year' in Formula 1 Career
Lewis Hamilton may become the most successful British F1 world champion – but he can never be loved