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 »
5y 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...
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
Red Bull-Owned Publication Claims Sergio Perez Will...
Red Bull will announce Sergio Perez as Alex Albon’s replacement for the...
5y 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...
5y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
11h ago from Motorsport.com
Fermin Aldeguer to attempt MotoGP comeback in Brazil...
No description available...
11h ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
1d ago from Motorsport.com
MotoGP: Qatar GP ‘unlikely', but a ‘plan...
MotoGP Sports Entertainment Group has admitted that the Qatar Grand Prix...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Chip Ganassi praises current health of IndyCar
Long-time team owner Chip Ganassi feels IndyCar is currently in one of...
2h ago from MotorsportWeek.c...
Andretti boss: “I don’t think anything’s a...
No description available...
5h ago from Motorsport.com
Winners and losers from the 2026 IndyCar season-opener...
No description available...
2d ago from Motorsport.com
Mick Schumacher’s IndyCar debut returns him to the...
Mick Schumacher began his IndyCar career this past weekend, competing in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
7h ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
2d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Saka responds to criticism of Arsenal by insisting...
t;li>Forward says all that matters is they keep winningSaka unconcerned...
1h ago from TheGuardian.com
Chelsea legend John Terry makes Arsenal PL title...
Chelsea legend John Terry believes Arsenal have all but sealed the Premier...
3h ago from SportsKeeda.com
Arsenal are looking to sign 30m German after 'glowing'...
Arsenal are reportedly interested in signing the Werder Bremen defender...
3h ago from CaughtOffside.com
22-G/A this season: Liverpool looking to sign...
Liverpool is interested in signing Federico Dimarco from Inter Milan...
3h ago from CaughtOffside.com
Comments
Hottest News
Major Franco Colapinto backer makes sudden F1 return
Alpine has confirmed the renewal of its agreement... Read More »
57m ago from RacingNews365.com
Aston Martin to 'skip' F1 Australian Grand Prix? FIA safety...
As safety concerns continue to plague Aston... Read More »
5h ago from GPFans.com
Defiant Alonso pushes back on Newey’s lap limit claims
Fernando Alonso has pushed back on Adrian... Read More »
14h ago from F1i.com
