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
MotoGP Spanish GP: Alex Marquez ends Aprilia’s...
No description available...
11h ago from Motorsport.com
Marc Marquez: 'I don't have the pace to fight for...
No description available...
9h ago from Motorsport.com
Marco Bezzecchi explains how Ducati ended Aprilia's...
No description available...
7h ago from Motorsport.com
How Alex Marquez rediscovered his mojo at the Spanish...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar to limit entries to those holding a charter
The NTT IndyCar Series has confirmed that future races will be limited to...
10h ago from MotorsportWeek.c...
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
2d ago from Motorsport.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
5d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
4h ago from Motorsport.com
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
13h ago from MotorsportWeek.c...
Sebastien Ogier dominates Rally Islas Canarias
Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...
9h ago from MotorsportWeek.c...
WRC Canary Islands: Oliver Solberg crashes out of...
No description available...
12h ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal open to selling summer signing after...
Arsenal are open to listening to offers for summer signing Viktor Gyokeres...
2h ago from CaughtOffside.com
'Let Arteta win the league' - Arsenal fans make plea...
An Arsenal fan has posted a video of himself begging Manchester City...
2h ago from SportsKeeda.com
Drowning in the banter-sphere: how can the Premier...
current season has become a meme-war without end, an endless rolling wall...
2h ago from TheGuardian.com
Arsenal keeping tabs on Real Madrid attacker as they...
Arsenal are reportedly monitoring Real Madrid forward Endrick as they look...
7h ago from SportsKeeda.com
Comments
Hottest News
McLaren boss takes aim at Daniel Ricciardo's final act in F1
McLaren CEO Zak Brown recently used Daniel... Read More »
4h ago from GPFans.com
Meet Lewis Hamilton's ultimate superfan and you may know...
Seven-time F1 champion Lewis Hamilton has the... Read More »
3h ago from GPFans.com
Ferrari F1 engineer speaks out over 'arrogant' Lewis...
A former Ferrari F1 race engineer has defended... Read More »
5h ago from GPFans.com
