Fernando Alonso replaced Kimi Räikkönen at the Scuderia Ferrari Formula 1 team, partnering Felipe Massa, a move known as “the worst-kept secret in F1″.

His contract covers three seasons (2010 – 2012), with speculated options for a further two.

Though his contract is said to have been signed as early as July 2008, Alonso confirmed only having a Summer-2009 agreement with Ferrari for a 2011 start, which was later changed to 2010.

Ferrari and Räikkönen, whom Alonso will replace, had agreed to end their contract one year early.

Though it was reported that Alonso’s contract was worth €25-million per season, Ferrari released a statement that cast doubts over the salary offered, stating that “the numbers talked about have absolutely nothing to do with reality.”