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    Mercedes struggles with high spending // Lewis Hamilton contract renewal delayed by seven-time world champion's excessive financial demands

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    Formula 1 team Mercedes has struggled to renew the contract of seven-time world champion Lewis Hamilton. The current agreement expires at the end of the current season. Earlier it was reported that the parties may announce a new contract already during the British Grand Prix scheduled for July 9. However, according to the Daily Mail, the team management and the driver do not agree on the financial terms of the continuation of cooperation. Moreover, the gap in positions is monstrous, hundreds of millions of pounds.

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