News Details
Wolff stays on as Mercedes boss, Ineos buys into team
Mercedes have announced that chemical giant Ineos will become one-third joint owners of F1's world champion team alongside Daimler and Toto Wolff. Wolff will also continue as team boss and chief executive for a further three years. Daimler are reducing their current shareholding from 60 per cent, with Wolff increasing his 30 per cent stake, to create three equal partners with Ineos. Ineos, owned by Britain's richest man Sir Jim Ratcliffe, became a team partner at the start of this year. "We are delighted to welcome INEOS to our Formula One joint venture as a fellow shareholder," said Daimler chairman Ola Källenius "It is a sign of the strength of the organization in...
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3y ago from SkySports.com
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