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He said: “As much as they love Lewis, Mercedes and Toto [Wolff], they’re business people, they’re not charities.

“It’s not, ‘Oh Lewis, we love you so much, here’s a blank cheque, write the number in and we’ll work out how we manage to pay you that.’

“They’ll want to pay him the minimum they can to allow more money to be invested in the business, and [Hamilton will] of course want the maximum.

“Right now, Seb has to be in a position where he’s re-evaluating his negotiating demands… [and] he now only has Mercedes as a reasonably safe bet of performance before then getting into the unknown of Renault or [Aston Martin].”

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