News Details
INEOS takes one-third stake in Mercedes, Wolff stays as boss
Toto Wolff will remain as Team Principal and CEO of the Mercedes Formula 1 team for another three years with INEOS becoming a one-third shareholder in the team. On Friday Mercedes announced that a new structure has been implemented, with the Formula 1 operation now owned in three equal parts by Mercedes parent company Daimler AG, INEOS and Wolff. It means Daimler will reduce its current 60 per cent shareholding while Wolff increases his current 30 per cent stake. INEOS, the petrochemicals firm, became a primary partner of Mercedes for 2020 and has ramped up its involvement in sporting organisations in recent years. It acquired the Tour de France-winning Team Sky and also runs Team INEOS in...
Full Story »
Full Story »
3y ago from MotorsportWeek.com
0
You May Also Be Interested In...
INEOS purchase a third shareholding in Mercedes AMG
Mercedes AMG F1 team's ownership will now be split three ways, as INEOS...
3y 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...
3y ago from Pitpass.com
Red Bull-Owned Publication Claims Sergio Perez Will...
Red Bull will announce Sergio Perez as Alex Albon’s replacement for the...
3y ago from Formula1News.co.uk
Ineos buys one third of Mercedes F1 team, Wolff to...
British chemical company Ineos has acquired one third of the shares in...
3y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Bastianini doesn't consider himself in MotoGP title...
No description available...
10h ago from Motorsport.com
Di Giannantonio extends VR46 Ducati stay with GP25...
Ducati Corse announced on Wednesday that Fabio Di Giannantonio will be its...
14h ago from MotorsportWeek.c...
Ducati directly signs di Giannantonio for 2025 VR46...
No description available...
15h ago from Motorsport.com
Why the choice of Pramac riders will test Yamaha's...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
RLL to field fourth IndyCar entry at Portland for Vips
Rahal Letterman Lanigan Racing has announced that it will field a fourth...
9h ago from MotorsportWeek.c...
IndyCar team Juncos Hollinger Racing and Agustin...
No description available...
7h ago from Motorsport.com
Juncos Hollinger parts ways with Canapino mid-season
Juncos Hollinger Racing announced Wednesday that it has parted ways with...
6h ago from MotorsportWeek.c...
Juri Vips returns to Rahal’s IndyCar squad at...
No description available...
9h ago from Motorsport.com
Popular On TotalWRC.com
Third car strategy the main doubt over Hyundai’s...
No description available...
7h ago from Motorsport.com
Pajari among Toyota’s driver options for WRC in 2025...
No description available...
1d ago from Motorsport.com
Neuville sees Ogier as WRC title rival after Finland...
No description available...
2d ago from Motorsport.com
Bitter-sweet victory for Sebastian Ogier aka Toyota's...
Toyota Gazoo Racing suffered a nightmare Sunday in Finland. No one...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'The way he looks is different' – Arteta...
Mikel Arteta believes Gabriel Jesus has a 'different energy' about him and...
1h ago from CaughtOffside.com
'The first feeling when I saw him (this summer), it...
No description available...
3h ago from SportsKeeda.com
Arsenal prepared to lower 25-year-old's asking price...
Arsenal are prepared to lower their asking price for Eddie Nketiah...
2h ago from CaughtOffside.com
'Such a beast', 'Better than all the attackers we...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
Horner rival reveals BREAKDOWN in relationship
A chief figure in Formula 1 has revealed the... Read More »
6h ago from GPFans.com
Ricciardo handed boost as F1 champion tips RB star for...
Daniel Ricciardo has been tipped to make a... Read More »
4h ago from GPFans.com
Horner relationship BREAKDOWN revealed as Verstappen linked...
A chief figure in Formula 1 has revealed the... Read More »
2h ago from GPFans.com