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...
5y 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...
5y 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...
5y 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...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu: Yamaha struggles make me think...
No description available...
3h ago from Motorsport.com
Andrea Iannone returns to MotoGP paddock in...
No description available...
2h ago from Motorsport.com
Is Alex Marquez’s Jerez MotoGP breakthrough real or...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
FOX unveils plan for 60 hours of Indy 500 coverage
No description available...
18h ago from Motorsport.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
3d ago from MotorsportWeek.c...
Mick Schumacher shares injury update after breaking...
No description available...
5d ago from Motorsport.com
Zanardi: The man whose name is a synonym for “hero”
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
How Ott Tanak can help Toyota's WRC 2027 car...
No description available...
2h ago from Motorsport.com
Why Hyundai’s WRC season “really starts” at...
No description available...
1d ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
5d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
5-year-contract: Journo drops transfer bombshell for...
Bayern Munich are wasting absolutely no time making their intentions clear...
3h ago from CaughtOffside.com
'It really is contagious' - Martin Zubimendi reveals...
Arsenal midfielder Martin Zubimendi has mentioned the two attributes he...
2h ago from SportsKeeda.com
How many more points do Arsenal need to win Premier...
The Premier League title race took another incredible twist on Monday...
3h ago from SportsKeeda.com
Carragher makes Arsenal favourites against Atletico,...
As Arsenal prepare to host Atletico Madrid in the decisive second leg of...
6h ago from CaughtOffside.com
Comments
Hottest News
F1 boss admits Fernando Alonso qualifying failure was...
McLaren F1 boss Zak Brown has opened up on 'the... Read More »
1h ago from GPFans.com
Charles Leclerc rues missed Miami F1 podium with...
Charles Leclerc believes it was his last lap... Read More »
1h ago from MotorsportWeek.com
Brundle's verdict on F1 rule tweaks and 'genius' Verstappen...
The 2026 Miami Grand Prix was an extremely... Read More »
1h ago from SkySports.com
