>


Advertisement
Rumors
Rumor Rating Description
A rumor rated as 'speculation' is one that has no supporting information
A rumor rated as 'strong' is one where we received information from more than one source.
A rumor rated as 'fact' is one that has proven to be true
A rumor rated as 'false' is one that has proven to be false based on new information
These rumors are just that, RUMORS, and are not to be taken as 'fact' unless so noted.  Please visit our Hot News page for news.  If you have a rumor, or can supply more information about one listed here, e-mail us with as much supporting information as possible and we may post it. User Agreement and Disclaimer. Newer rumors supersede older ones of the same topic.  Go to our forums to discuss any rumor.
for your iPhone
for your iPad

2014 IndyCar Silly Season Page | 2014 F1 Silly Season Page (Coming)

Go to our forums to discuss this news
DATE News (chronologically)
11/12/07
f1
Hamilton to raise $100m by floating  (GMM)  Even without him needing to win a world championship, Lewis Hamilton's financial advisors have reportedly devised a way to immediately make $100m.

Although the 22-year-old rookie is apparently "close to signing a clutch of endorsement deals", the Independent newspaper also claims that 'Lewis Hamilton plc' could be lucratively floated on the London Stock Exchange in the near future.

10 per cent of the company, with the McLaren driver as the main asset and his future earnings the incentive, could reportedly attract $100m, and the Daily Star observed that the scheme "would allow him to pocket a lump sum now and avoid the risk of losing out on future earnings if he is injured in a crash".

Former F1 driver Justin Wilson pioneered the idea in 2003, to raise the money he needed to convince Jaguar bosses to hire him.

Rock veteran David Bowie also did a similar thing in 1997, raising nearly $70 million by selling bonds against his future earnings.

The Independent observed: "But the bonds were based on the future royalties from 25 albums Bowie had already recorded –- not races he had yet to win".

Hamilton's newfound financial power was also demonstrated last week when it was revealed that his success in 2007 helped a British toymaker to nearly double its profits.

Hornby, the maker of Scalextric slot car racing sets, has a licensing deal with McLaren, allowing it to market products in the form of Hamilton's racers.

Rumors Archives
2000 2001 2002 2003
2004200520062007
2008200920102011
2012201320142015

Search Rumors
Search Help

Banner 10000012