News Details
Ferrari could take $25m stake in F1
Ferrari could become the first F1 team to actually own a stake in the sport, the Telegraph reports.
F1 business journalists Christian Sylt and Caroline Reid reveal that, as a non-executive director of the sport's holding company Delta Topco, departing Ferrari president held an option to buy into F1 to the tune of about $25 million.
But a source close the Maranello team explained: "Ferrari, not Mr Montezemolo, is entitled to exercise the rights."
The source added that "these rights are for Ferrari, and once again not ad personam for Mr Montezemolo".
Montezemolo received the option in 2012 as formula one organised itself ahead of a floatation on the Singapore Stock...
Full Story »
Full Story »
10y ago from GrandPrix.com
0
You May Also Be Interested In...
Ferrari gets shares in F1
We all know that Ferrari's influence in Formula One stretches far and...
10y ago from Pitpass.com
Brawn: No discussions with Ferrari but never say never
Ross Brawn in demand
In the aftermath of a major upheaval at Ferrari, Ross...
10y ago from GrandPrix247.com
Billionaire Stroll looking to buy Sauber F1 Team
Sauber is on the brink of being taken over by Canadian billionaire...
10y ago from TheF1Times.com
Wolff looking to sell more of Williams stake
Toto Wolff
Mercedes motorsport boss Toto Wolff is still working on...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia: There's ‘a problem' if I'm...
Francesco Bagnaia has stated "there's a problem" if he's not...
35m ago from MotorsportWeek.c...
Why MotoGP riders like Francesco Bagnaia face a...
No description available...
25m ago from Motorsport.com
Marco Bezzecchi leads the way in first Mugello MotoGP...
Marco Bezzecchi posted his best lap on his final run to top the charts in...
2h ago from MotorsportWeek.c...
Francesco Bagnaia “will try to fight” but can't...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren apologises for Nolan Siegel’s explicit...
No description available...
21h ago from Motorsport.com
Nolan Siegel apologizes for profanity-filled radio rant
Arrow McLaren driver Nolan Siegel has apologized for what he said over...
1d ago from MotorsportWeek.c...
Video: Harrowing crash takes out Josef Newgarden,...
No description available...
4d ago from Motorsport.com
IndyCar breaks 1 million US TV viewers for third...
The NTT IndyCar Series is nearly through the first year with its new...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
1d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Done deal: Arsenal set to complete £55m deal with...
Arsenal look set to land a key summer signing — and it could be the...
35m ago from FreshArsenal.com
'Done + signed' – Player in London to finalise...
Martin Zubimendi to Arsenal looks like a done deal as David Ornstein has...
2h ago from CaughtOffside.com
'A tough one' – Chelsea warned about transfer...
Former Chelsea star Pat Nevin believes Kepa Arrizabalaga should be under...
2h ago from CaughtOffside.com
Premier League club increasingly concerned about...
Aston Villa are reportedly increasingly concerned about Arsenal moving for...
4h ago from CaughtOffside.com
Comments
Hottest News
Meet Antonello Coletta - Lewis Hamilton's 'soon-to-be' new...
Ferrari F1 team are in crisis. They may not want... Read More »
1h ago from GPFans.com
Alonso visits Alpine, rumour mill explodes – Aston Martin...
Formula 1’s silly season – a year-round... Read More »
1h ago from F1i.com
Red Bull coy on F1 flexi-wing impact amid McLaren setback...
Red Bull boss Christian Horner has said the team... Read More »
55m ago from MotorsportWeek.com
