Charles Leclerc is set to remain with Ferrari beyond his current contract, as reports in Italian media claim the Monegasque has been offered a contract extension up to 2029.
Leclerc’s current contract with Ferrari expires at the end of the 2024 Formula 1 season, and the driver who has joined the team in 2019 seems to be set to race with them until 2029, according to a report in La Gazetta dello Sport.
The report claims that announcement is imminent and that Leclerc will be earning in the region of €25-Million which will become €50-Million in his final year with the team.
Leclerc will also have a performance clause in his new contract which would allow him to leave Maranello in case he is not offered a car with which he could challenge for wins and Championships. The exit clauses however will be active from the third year of the new agreement.
Carlos Sainz is also under contract with Ferrari until the end of the 2024 season, but his future with the team is not as clear as that of Leclerc aka the “Chosen One”.
However Ferrari President and Exor CEO John Elkann claimed both drivers will receive contract extensions, and said in the Exor investors day in Turin: “Sainz and Leclerc? They will stay, of course.”
However the report in the Gazetta claims that while Sainz may be given an extension, it will be for just one year as opposed for the two-year contract he is pushing for, the report pointing out Ferrari may be interested to check out the driver situation that may develop with special interest in Lando Norris.
Norris’s contract with McLaren will run out at the end of the 2025 F1 season.
Leclerc has won five races and amassed 23 pole positions with Ferrari since 2019, while Sainz has two wins and 5 pole positions with the team.
Sainz was the only non-Red Bull driver to win a race in the concluded season, winning the 2023 Singapore Grand Prix.