News Details
INEOS a ‘turning point' for F1 sports franchises
Not only is INEOS's investment in the Mercedes team a game-changer for them, but the same can be said for Formula 1 in general. Following the conclusion of the 2020 Formula 1 season it was confirmed that Toto Wolff would remain team principal and CEO of the Mercedes outfit, but also that he had become a one-third owner. Mercedes' parent company Daimler reduced their share to a third with INEOS, Mercedes' 2020 sponsor, also buying a third of the team to create three equal partners. However, this investment has a far greater impact on Formula 1 as a whole Wolff believes. With a budget cap now coming into force for 2021, capping teams at spending $145million per season with certain exceptions...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
INEOS investment in Mercedes "a turning...
Toto Wolff believes the recent investment of INEOS in Mercedes represents...
4y ago from GPFans.com
Alpine to develop new EV sports car together with Lotus
Renault's Alpine unit will be developing a next generation electric...
4y ago from FormulaSpy.com
These two reasons were behind the sale of Williams to...
Last spring, Williams became the first Formula One team to be wholly...
4y ago from GPBlog.com
Jos Verstappen: It would be best if Max and Lewis were...
Jos Verstappen believes that the 'whole world' is waiting for Lewis...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
The mistake Yamaha can't afford to repeat with its...
No description available...
13h ago from Motorsport.com
Rossi's advice for Bagnaia: ‘Don't fall into...
No description available...
18h ago from Motorsport.com
Quartararo tops MotoGP’s Sepang shakedown test for...
No description available...
1d ago from Motorsport.com
Fabio Quartararo fastest in MotoGP Sepang shakedown...
Yamaha rider Fabio Quatararo topped the time sheets in the MotoGP...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Andretti Global shows off new liveries for 2025...
Andretti Global has revealed a trio of new liveries for the team’s cars...
11h ago from MotorsportWeek.c...
Penske President Tim Cindric to reduce leadership role
Team Penske announced on Friday afternoon that long-time President Tim...
3d ago from MotorsportWeek.c...
Team Penske's Tim Cindric steps back from his...
No description available...
3d ago from Motorsport.com
Zak Brown: IndyCar "should slipstream on the back...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Fourmaux to keep ‘head on shoulders’ after...
No description available...
4d ago from Motorsport.com
The five big takeaways from the WRC Rally Monte Carlo
No description available...
1w ago from Motorsport.com
Solberg handed penalty for drifting on Monaco GP...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Report: Tottenham Hotspurs salvage January transfer...
Tottenham Hotspur have successfully negotiated a loan with an option to...
5h ago from CaughtOffside.com
Arsenal lineup vs. Newcastle: Predicted XI for EFL Cup...
Sports Mole takes an in-depth look at how Arsenal could line up for...
5h ago from SportsMole.co.uk
Newcastle lineup vs. Arsenal: Predicted XI for EFL Cup...
Sports Mole takes an in-depth look at how Newcastle United could line up...
5h ago from SportsMole.co.uk
Comments
Hottest News
Hamilton’s Ferrari move comes with a $600K wrist upgrade
Lewis Hamilton's move to Ferrari has been the... Read More »
10h ago from F1i.com
Hamilton Ferrari problem emerges as champion's BAN revealed
A Lewis Hamilton 'problem' has emerged for... Read More »
9h ago from GPFans.com
F1 News Today: Hamilton TRIUMPH declared as Red Bull left...
Lewis Hamilton has secured a huge victory over... Read More »
13h ago from GPFans.com
