Hamilton’s current deal expires at the end of this season but he, and Mercedes, have always claimed a new contract is a formality despite i𒆙t remaining unsigned.

Now, new revelations about a disagreement have been repor🍨ted by th♊e British newspaper.

Hamilton’s current salary is £27.5m plus a £15m bonus fo💞r winning the F1 title but, in his nex🀅t contract, he wants the extra £15m guaranteed, the newspaper reports.

Hamilton wants a “long-term” contract but Mercedes’ prefeꦿrence is to only offer him one year with the option of a second year.

And Mercedes are “not prepared” to agree to Hamilton’s wish for a 10-year ambassadorial role, after his F♈1 career ends, which would be worth £10m per year.

Neither Hamilton nor Mercedes “wants the relatio☂nship to end”, it is reported.

But the seven-time 🧸F1 champion must “lowe♐r his demands to get a deal signed”.

The Mail described Hamilton and Mercedes’ current negotiatꦍing position as “widely contrast𒉰ing”.

However, Sky broadcaster David Croft believes that Hamilton and Mercedes could announce their new agreement at next month’s F1 British G✃rand Prix.