The status of Hamilton's contract with the Silver Arrows had been a prominent subject of conjecture following the inability of the two sides to reach a consensus during the winter hiatus. This circumstance led to Hamilton commencing the year 2023 in the last year of his existing contract.

The tenure of the seven-time World Champion at Brackley has now been prolonged, thanks to an agreement that ensures his presence with the team for an additional two years.

Hamilton expressed, "We have never been hungrier to win. We have learnt from every success but also every setback.

"We continue to chase our dreams, we continue to fight no matter the challenge and we will win again. I’m grateful to the team who have supported me both on and off the track.

"Our story isn’t finished, we are determined to achieve more together and we won’t stop until we do."

"We dream everyday of being the best and we have dedicated the past decade together to achieving that goal. Being at the top does not happen overnight or over a short period of time, it takes commitment, hard work and dedication and it’s been an honour to earn our way into the history books with this incredible team." 

“I’m grateful to the team who have supported me both on and off track. Our story isn’t finished, we are determined to achieve more together and we won’t stop until we do.”

Hamilton's contract extension will propel him beyond Michael Schumacher's record for the most seasons spent with a single team. When the 2023 season concludes, Hamilton will match Schumacher's 11-season tenure at Ferrari, and he will then exceed that benchmark by the conclusion of 2024.

Back in October 2012, when Lewis Hamilton revealed his decision to leave his longstanding team and the storied McLaren for the relatively new Mercedes team, many individuals questioned the reasoning behind the young British driver's choice, wondering why he would risk his career in such a manner.

Numerous individuals believed it was primarily driven by financial considerations, as Hamilton inked a three-year contract worth £45 million. However, it quickly became evident that there were deeper motivations beyond a substantial bank account that had persuaded Hamilton to undertake this transition.

The 2023 Spanish Grand Prix marked the initial instance during his tenure with Mercedes when Hamilton started to question the team's capacity to craft a championship-winning car. Nonetheless, their showing in the race provided a glimmer of optimism, suggesting a potential resurgence was in progress.