Mercedes GP has confirmed Michael Schumacher as its driver for next season, in a deal he said was three years long and believed to be worth €7 million (US$10 million).

The much-anticipated move will reunite Schumacher, who turns 41 in January, with team principal Ross Brawn, with whom he has secured all seven of his world championships. He will be part of an all-German team with 24-year-old Nico Rosberg, who agreed a deal with Mercedes last month.

This is a certain dissapointment to all ferrari fans.