News Details
Daimler target profitable Mercedes F1 team
Daimler chairman Ola Källenius hopes INEOS's investment, combined with the budget cap, will turn Mercedes F1 into a profitable franchise. The Mercedes Formula 1 team has long been at the top of Formula 1 when it comes to their yearly budget, believed to be upwards of $400million, but for 2021 that figure must come down considerably with teams capped at spending $145m per season. Suddenly then, Mercedes are looking very financially secure in the world of Formula 1 and with chemical giant INEOS buying a third of the team, the potential is absolutely there for the Mercedes Formula 1 team to become a sports franchise that makes money. And that is exactly the expectation which Daimler has....
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Tost: Teams would not have been open to cost cap...
AlphaTauri team principal Franz Tost believes that the COVID-19 pandemic...
5y ago from GrandPrix247.com
Daimler CEO clarifies choice for INEOS: "Win-win...
In February 2020, Mercedes announced that they had attracted a new main...
5y ago from GPBlog.com
Jordan: If I were Daimler's boss, I would show Lewis...
While Lewis Hamilton has yet to sign an extension with Mercedes, former...
5y ago from GrandPrix247.com
Aston Martin Could Give Mercedes A ‘Run For Their...
The newly rebranded Aston Martin F1 Team has ambitious plans going...
5y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo warns Yamaha MotoGP rebuild could...
No description available...
10h ago from Motorsport.com
Pedro Acosta found Ducati and Aprilia’s pace...
No description available...
13h ago from Motorsport.com
MotoGP Buriram test: Marco Bezzecchi breaks track...
No description available...
14h ago from Motorsport.com
Marc Marquez explains how injury recovery is delaying...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Paddock optimism for IndyCar’s new independent...
Drivers in the NTT IndyCar Series are largely happy to see the series’...
1d ago from MotorsportWeek.c...
Mick Schumacher gaining confidence on ovals after...
No description available...
2d ago from Motorsport.com
IndyCar expanding global broadcasting presence for the...
No description available...
3d ago from Motorsport.com
IndyCar grows international broadcast offerings for...
The NTT IndyCar Series has announced that its already extensive global...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
6d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
1w ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
1w ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
1w ago from MotorsportWeek.c...
Popular On GunnersToday.com
Player ratings: Tottenham 1-4 Arsenal
Arsenal bounced back from disappointment in midweek with a scintillating...
1h ago from FreshArsenal.com
Watch: Footage shows Micky van de Ven completely...
Shocking footage has emerged from the stands showing Dutch center-back...
5h ago from CaughtOffside.com
'He has been a weak link', 'Needs to hold bench' -...
Arsenal fans have slammed Jurrien Timber after their 4-1 win over...
5h ago from SportsKeeda.com
Nev: Arsenal answered questions in Spurs win and...
Gary Neville says Arsenal have answered questions in their win at...
4h ago from SkySports.com
Comments
Hottest News
Fernando Alonso swaps out Aston Martin after F1 testing...
Two-time F1 world champion Fernando Alonso seems... Read More »
3h ago from GPFans.com
Newey reportedly laid bare Honda engine crisis in F1 meeting
Adrian Newey’s vision for an Aston Martin... Read More »
14h ago from F1i.com
Why the FIA ignored Ferrari's F1 start procedure warnings
Fred Vasseur has revealed that Ferrari had... Read More »
5h ago from MotorsportWeek.com
