News Details
INEOS takes 33% stake in Mercedes-AMG F1 team
Mercedes principal partner INEOS will become a part owner of the German manufacturer's F1 team, holding an equal number of shares as Daimler AG and team boss Toto Wolff. INEOS joined Mercedes at the start of the year as a major sponsor of the Brackley squad, and last summer rumors emerged about a possible buy-out of the championship winning team by the UK petrochemical giant. Ultimately, INEOS will enjoy a one-third stake in the team while continuing as its principal sponsor. The shareholding structure will see Daimler reduce its current 60% holding while Wolff will increase his current 30% stake, in order to create three equal partners in the company. Furthermore, under the new...
Full Story »
Full Story »
You May Also Be Interested In...
INEOS buys one-third stake in Mercedes F1 team, Wolff...
Mercedes-AMG Petronas Formula 1 Team welcomes INEOS as a one third equal...
4y ago from GrandPrix247.com
INEOS purchase a third shareholding in Mercedes AMG
Mercedes AMG F1 team's ownership will now be split three ways, as INEOS...
4y ago from FormulaSpy.com
INEOS takes one-third stake in Mercedes F1 team
Mercedes has announced that INEOS will become a one third shareholder in...
4y ago from Pitpass.com
Three more years for Wolff, INEOS increase stake
Toto Wolff has signed a new three-year deal to remain team principal of...
4y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Joan Mir admits Honda not ready to win in MotoGP:...
No description available...
6h ago from Motorsport.com
Trackhouse working to build American identity and...
No description available...
10h ago from Motorsport.com
Nicolo Bulega to replace Marc Marquez for remainder of...
Ducati has confirmed that its WorldSBK rider Nicolo Bulega will replace...
1d ago from MotorsportWeek.c...
Pol Espargaro: It’s "painful" Pedro Acosta...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Colton Herta ‘would love to be back’ for another...
Colton Herta still has a desire to compete in next year’s Indianapolis...
2d ago from MotorsportWeek.c...
Marco Andretti announces retirement from racing, won't...
No description available...
4d ago from Motorsport.com
Marco Andretti retires from IndyCar after 20 seasons
Marco Andretti announced his retirement from motor racing on Wednesday,...
4d ago from MotorsportWeek.c...
Mark Miles teases possible non-championship...
IndyCar is largely considered a North American championship, with races...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera completes maiden F2 test ahead of...
No description available...
5d ago from Motorsport.com
Elfyn Evans: WRC points lead “guarantees absolutely...
No description available...
1w ago from Motorsport.com
M-Sport favours new WRC car build over upgraded Rally2...
No description available...
1w ago from Motorsport.com
Lancia confirms 2026 WRC2 entry with the new Ypsilon...
Lancia will return to the World Rally Championship next year with the new...
1w ago from MotorsportWeek.c...
Popular On GunnersToday.com
'They are the only team' - Gary Neville names the only...
Manchester United legend Gary Neville believes Liverpool are the only side...
9h ago from SportsKeeda.com
'One of the best games he has played' - Mikel Arteta...
Arsenal manager Mikel Arteta has hailed the performance of summer addition...
13h ago from SportsKeeda.com
Burnley 0-2 Arsenal: Cruise control
Match report – Player ratings – Arteta's reaction –...
14h ago from Arseblog.com
Report: Arsenal have held positive talks with agents...
Arsenal are hoping to secure a new contract with Bukayo Saka in the coming...
1d ago from CaughtOffside.com
Comments
Hottest News
Cadillac F1 test driver Herta set to dovetail his maiden F2...
Cadillac Formula 1 Team test driver Colton Herta... Read More »
38m ago from F1Technical.net
Lewis Hamilton loses again as key Ferrari figure makes...
A key Ferrari performance engineer from Lewis... Read More »
3h ago from GPFans.com
Lewis Hamilton at centre of hilarious McLaren mix-up
You know there’s two F1 drivers that I look at... Read More »
27m ago from GPFans.com
