Schumacher signs multi-million euro cap sponsor deal 29 August, 2013 Michael Schumacher signs mega cap deal He is no longer seen in the Formula 1 paddock, but Michael Schumacher has just secured a lucrative sponsorship deal that will be the envy of most of today’s grand prix stars. Bild newspaper reports that the seven time world champion, 44, has extended his contract with German investment company Deutsche Vermogensberatung. Since 1996, the former Ferrari and Mercedes driver, now retired, has worn the long-winded word – or the shorter acronym DVAG – on the front of his cap. Thursday’s report said that Schumacher’s new seven-year deal is estimated to be worth about €21 million, or €3 million per year. (GMM) Subbed by AJN. Tweet Related News2014 showed the good, the bad and the ugly of Formula 1German bank sues Ecclestone for €345 millionFormula 1 set for another engine revolution in 2016Jock Clear leaves Mercedes for FerrariEcclestone takes swipe at trial outcome with Christmas cardCVC backs Ecclestone and appoints Montezemolo to F1 boardHorner happy to have Illien working with RenaultLopez: We opened the door to FernandoHamashima leavesas Ferrari continue to wield the axeWolff: Prost gave very precise advice on handling Lewis and Nico Hawk it must be them investing that same money for him The_Spaghetti_Incident I’ve been wearing the same Nike cap since ’92. I’m still waiting for my money. Michael Schumacher the most hated driver because he is so successful on and off the track! Mercedes supporter forever @Michael Schumacher What do you mean the most hated driver? He’s a lot of people hero and a lot of people’s favorite driver.. 1eed I still cant pronounce the name jeff DVAG Dekra It has all worked out well. He is entiteled and deserving. 7 World titles 91 wins 155 podiums 306 races 1556 career points The Accolades go on and on. He should wear a cap emblazoned with MMMMM….Michaels Money Marketing Management Machine.Its probably chump change. GRAZI SHUMI. Mark Hard work gave him that deal. lawl well deserved, one of the best ones ever.