{"id":484166,"date":"2024-06-13T11:03:55","date_gmt":"2024-06-13T15:03:55","guid":{"rendered":"https:\/\/7sport.net\/en\/?post_type=news&#038;p=484166"},"modified":"2024-06-13T07:22:30","modified_gmt":"2024-06-13T11:22:30","slug":"newey-already-signed-105-million-ferrari-contract-reports-say","status":"publish","type":"news","link":"https:\/\/7sport.net\/en\/news\/newey-already-signed-105-million-ferrari-contract-reports-say\/","title":{"rendered":"Newey already signed $105 million Ferrari contract, reports say"},"content":{"rendered":"<p>Adrian Newey has reportedly signed a lucrative contract with Ferrari, according to English media.<\/p>\n<p>The landmark deal, meticulously arranged by lawyer Dermot O&#8217;Rourke, was sealed prior to the Miami Grand Prix. The negotiations saw the involvement of key figures, including Maranello management and former team principal Eddie Jordan. Newey\u2019s contract with Ferrari, worth an astonishing $105 million, will span until the end of 2027.<\/p>\n<p>Currently, an official announcement from Ferrari is pending. Newey, however, has resigned from his role at Red Bull Racing, effective from April 30. As per English employment law, he is now on gardening leave, which can extend up to eight months. This period will prevent him from immediately joining Ferrari but ensures he will bring a fresh perspective once he is able to start.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">RUMOUR \ud83d\udea8| According to the Britain-based Business F1 magazine, Adrian Newey has already signed with Ferrari for 2025.<\/p>\n<p>Newey is reported to stay with the team until 2027, and earn $105m over the period. <a href=\"https:\/\/t.co\/EzCzWTuA7A\" target=\"_blank\">pic.twitter.com\/EzCzWTuA7A<\/a><\/p>\n<p>\u2014 Ferrari News \ud83d\udc0e (@FanaticsFerrari) <a href=\"https:\/\/twitter.com\/FanaticsFerrari\/status\/1801006526439588307?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 12, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The intricacies of Newey\u2019s exit from Red Bull are gradually coming to light. The Austrian faction of Red Bull, managed by the son of the late Dietrich Mateschitz, oversaw Newey\u2019s resignation. Despite the significant impact of his departure, Red Bull team principal Christian Horner and Newey have entered into a non-denigration agreement. This agreement is designed to prevent either party from obstructing Newey\u2019s future endeavors, despite the potential challenges it poses for Red Bull.<\/p>\n<p>Horner\u2019s acceptance of this agreement indicates the complex dynamics within Red Bull\u2019s leadership. The Austrian faction\u2019s influence appears to have been a decisive factor in Newey\u2019s departure, but it is a move that could backfire.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adrian Newey has reportedly signed a lucrative contract with Ferrari, according to English media. The landmark deal, meticulously arranged by lawyer Dermot O&#8217;Rourke, [&hellip;]<\/p>\n","protected":false},"author":137,"featured_media":484167,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"tags":[19832,16968,17680,16922],"news_category":[16921],"gn_keywords":[19833,17744,17958,1081],"acf":{"announce":"According to English media, the deal was sealed ahead of the Miami Grand Prix in the beginning of May","video":[]},"rank_math_focus_keyword":"","rank_math_description":"","rank_math_title":"","rank_math_robots":"","rank_math_canonical_url":"","rank_math_facebook_title":"","rank_math_facebook_description":"","rank_math_facebook_image":"","rank_math_twitter_title":"","rank_math_twitter_description":"","rank_math_twitter_image":"","rank_math_snippet_shortcode":"","rank_math_primary_category":"","rankmath_seo":{"focus_keyword":"","description":"","title":"","canonical_url":"","robots":"","facebook":{"title":"","description":"","image":""},"twitter":{"title":"","description":"","image":""}},"_links":{"self":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/484166"}],"collection":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/users\/137"}],"replies":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/comments?post=484166"}],"version-history":[{"count":2,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/484166\/revisions"}],"predecessor-version":[{"id":484172,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/484166\/revisions\/484172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media\/484167"}],"wp:attachment":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media?parent=484166"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/tags?post=484166"},{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news_category?post=484166"},{"taxonomy":"gn_keywords","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/gn_keywords?post=484166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}