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Teams should not dismiss F1 stake offer says Mercedes' Wolff
Toto Wolff believes Formula 1 teams should consider the invitation from Liberty Media to acquire a stake in the single-seater championship. Liberty Media completed the acquisition of F1 last month, with Chase Carey being appointed as Chief Executive Officer. In a move to encourage teams to have a vested interest, Liberty Media offered all ten teams to buy a stake in the sport, reserving $400 million of shares for them. If within six months of the takeover the shares have not been issued to teams, they will be retired. Head of Mercedes-Benz Motorsport Wolff believes teams should not dismiss the idea of taking a stake in the sport. 'This is an idea which one shouldn't dismiss easily,'...
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8y ago from TheCheckeredFlag.co.uk
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