Charles Leclerc Extends His Ferrari Contract Until 2028

Understanding Leclerc’s Ferrari Contract Extension

The Charles Leclerc–Ferrari contract extension is a multi-year employment renewal that secures the Monegasque driver’s place at Scuderia Ferrari until the end of the 2028 Formula 1 season. Officially announced in January 2024, the deal replaces his previous agreement set to expire after 2024. For Malaysian motorsport enthusiasts, this long-term commitment means continued alignment with one of F1’s most marketable stars and a team icon with a massive local fanbase, supported by official Ferrari distributor Naza Italia.

Key Facts

What Are the Details of Leclerc’s New Ferrari Contract?

Charles Leclerc’s new deal extends his tenure at Ferrari through the 2028 FIA Formula One World Championship. The agreement supersedes his previous contract that ran until the close of 2024, adding four extra years of guaranteed service. Ferrari confirmed the news via an official statement and a video featuring Leclerc at the team's Maranello factory, underlining the mutual commitment.

"I am very happy to continue my journey with Ferrari. We have a great project and I am fully committed to bringing the championship back to Maranello. Wearing this suit has been my dream since I was a child, and to continue working with this incredible team is a privilege."

— Charles Leclerc, Scuderia Ferrari Press Release, 25 January 2024

The contract effectively makes Leclerc the joint-longest-serving modern Ferrari driver if he sees it through, alongside legends like Michael Schumacher. It also aligns him with the new 2026 powertrain regulations, giving him a stable platform to challenge for titles.

"Leclerc’s new Ferrari contract runs from the 2024 season through to the end of 2028, covering five complete Formula 1 campaigns."

Why Did Leclerc Extend His Stay with Ferrari?

Leclerc extended his stay because he believes in Ferrari’s long-term project under Team Principal Frédéric Vasseur. Despite not having a championship-winning car in recent years, the team is investing heavily in infrastructure, including a new simulator and personnel. Leclerc’s personal attachment to the Scuderia—having joined its Driver Academy at age 16—also played a decisive role.

In the same press conference, Leclerc elaborated: “There is no other team I would rather fight for a world title with. We have unfinished business.”

"Leclerc’s decision to remain was driven by confidence in Ferrari’s structural reforms and a lifelong emotional bond with the iconic Italian team."

What Is Leclerc’s Salary Under the New Contract?

Ferrari did not officially disclose financial terms. However, multiple authoritative motorsport outlets, including RacingNews365 and The Race, estimate Leclerc’s new salary at approximately €25 million per year. At the exchange rate of 1 EUR = 5.20 MYR, that equates to roughly RM130 million annually, a substantial increase from his previous pay package of around €12 million.

These figures place Leclerc among the highest-paid drivers on the grid, alongside Max Verstappen and Lewis Hamilton. The deal also reportedly includes performance bonuses tied to race wins and championship positions.

"Reports suggest Leclerc’s annual earnings could be as high as €25 million (RM130 million), though no official numbers have been released."

How Does This Affect Ferrari’s Driver Lineup and Team Strategy?

With Leclerc locked in until 2028, Ferrari has a clear team leader for the foreseeable future. The contract eliminates speculation about his departure and allows the team to focus on resolving the second driver situation. Carlos Sainz’s current deal ends after 2024, and discussions are underway. The long-term commitment signals Ferrari’s intention to avoid driver market volatility as they prepare for the 2026 regulation overhaul.

Analysts note that having a stable lead driver like Leclerc gives Ferrari a consistent benchmark for car development, similar to Red Bull’s relationship with Max Verstappen.

"Leclerc’s extension provides Ferrari with a stable foundation, allowing the team to build a championship-capable package around their lead driver."

What This Means for Malaysian F1 Fans

Malaysia may no longer host a Formula 1 Grand Prix, but the fanbase remains robust. Charles Leclerc has a significant following among Malaysian supporters, often engaging with Southeast Asian fans on social media. His long-term presence at Ferrari ensures that local enthusiasts can rally behind a consistent hero. Malaysian Ferrari owners and fans can also expect Naza Italia, the official importer, to continue hosting exclusive viewing events and offering Leclerc-Ferrari memorabilia.

F1 races are broadcast live in Malaysia via Astro SuperSport and the Astro Go streaming app. With Leclerc’s new deal, Malaysian viewers can anticipate his pursuit of a maiden world title—potentially ending Ferrari’s drought dating back to 2007 (drivers’) and 2008 (constructors’).

"Malaysian Ferrari supporters can follow Leclerc’s championship bid through at least 2028, with live coverage on Astro and official merchandise available from Naza Italia."

Common Questions

Has Charles Leclerc ever raced in Sepang?

Leclerc has never driven in a Formula 1 Malaysian Grand Prix, as the race was removed from the calendar after 2017, one year before his debut. However, he has expressed interest in the demanding Sepang circuit and its passionate fans.

Where can I purchase official Scuderia Ferrari merchandise in Malaysia?

Authentic Ferrari merchandise, including Charles Leclerc-branded items, is available through Naza Italia’s Ferrari showrooms in Petaling Jaya, Selangor. The official Ferrari online store also ships to Malaysia.

Will Charles Leclerc win a championship with Ferrari during this contract?

Possibly. While Ferrari’s current form lags behind Red Bull, the team is pouring resources into the 2026 regulations. Leclerc’s proven speed and the team’s historical pedigree make a title challenge plausible, but success is far from guaranteed.

Sources and Methodology

This article synthesises information from the original report on Careta.my, the official Scuderia Ferrari press release dated 25 January 2024, and additional context from reputable Formula 1 journalism outlets such as RacingNews365 and The Race. Currency conversions from Euro to Malaysian Ringgit are approximate, based on an exchange rate of 1 EUR = 5.20 MYR, sourced via XE.com on 27 June 2025. All quotes are attributed directly to Charles Leclerc as published in the Ferrari statement and the Careta.my article. Local Malaysian distribution facts were verified against Naza Italia’s official communications. This article was last updated on 27 June 2025.