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01-05-2010, 02:16 AM #1
Michael Schumacher Inks Deal With Mercedes
Michael Schumacher has signed a one year deal with Mercedes. The seven-times Formula One champion made a comeback into Formula one after retirement and will be seen in action in F1in 2010.The news of Schumacherís return to Formula One racing broke on Tuesday.
According to reports, the 40-year-old German finalized the deal at team's offices in Brackley, England .The champion who earned his titles in association with Benetton and Ferrari, had quit F1 at the end of 2006.
According to media reports, Schumacher will receive 7 million euros .Mercedes, who have taken over champions Brawn, have signed Nico Rosberg as their other driver for 2010.
Schumacher had recently cancelled comeback plans with Ferrari this year as replacement for injured Brazilian Felipe Massa due to recurrence of his neck injury he had encountered in a motorcycle accident.
A move to Mercedes will see his unison with Britainís Ross Brawn. The technical director had guided Schumacher to his record seven titles and 91 race wins. Schumacher has been working as a consultant for Ferrari since his retirement but the Italian team had made it clear that it was not a binding agreement.
Mercedes chief executive Nick Fry on Schumacher return had said earlier this month, "I think that just adds another very interesting element. Can a 40 or 41-year-old compete against someone who is 24 years old? In other sports people have proven that they are very capable even at that age."