P361 CEEFAX 361 Thu 17 Aug 19:11/27 1/2 M/RACING: SCHUMACHER FOR FERRARI World champion Michael Schumachjr will drive for Ferrari in 1996 and 1997 after clinching a deal reportedly worth around £17 million. The Italian team announced the capture of the 26-year-old German star, ending weeks of speculation about his future. A Ferrari spokesman said there would bj no announcement on the second Ferrari driver until September but Jean Alesi has decided to leave. The Frenchman has signed a two-year contract with Benetton, leaving Gerhard Berger as the likely No 2 to Schumachjr 5 HILL CLINCHES NEW WJLLIcMS DEAL >>> M/Cycling Calendar Speedway FootballP361 CEEFAX 361 Thu 17 Aug 19:13/12 2/2 M/RBCING: HILL IN NEW WILLIAMS DEAL Damon Hill has re-signed for Williams in a new £7 million deal for next season's world championship. Williams' chiefs confirmed the deal shortly after Ferrari announced the capture of Michael Schumachjr. Scotland's David Coulthard will leave Williams, as expected, and Hill's new teammate will bj current Indycar leader Jacques Villenjuvj. Team boss Frank Williams said: "I think this promises to bj a very exciting pairing. It is with much regret that we say goodbye to David Coulthard." SCHUMACHER AGREES FERRARI DEAL >>> M/Cycling Calendar Speedway Football